Press Release

    Olam Group appoints Maya Hari as CEO of climate-tech venture Terrascope

    Press release

    Singapore

    Olam Group has appointed Maya Hari as Chief Executive Officer (CEO) of its climate-tech venture Terrascope (www.terrascope.com). Headquartered in Singapore, Terrascope empowers companies to accurately and efficiently manage and reduce their carbon emissions through its smart carbon management platform. Maya reports to Suresh Sundararajan, CEO of Olam Ventures.

    Maya joined Terrascope from Twitter Inc. where she served as Vice President of Global Strategy and Operations, and as Vice President and Managing Director of Asia Pacific (APAC). She brings to Terrascope 20 years of experience managing teams and leading international businesses with a robust track record in leading high growth mobile, data and commerce businesses.

    Maya

     

    “I’m thrilled to be joining one of the most promising climate-tech ventures today. Terrascope addresses a very real problem many companies face in their climate action strategies. While a growing number are commendably committing to net zero, most are unable to make a real impact because they underestimate the challenges in measuring, managing and reporting their data along the way. Terrascope simplifies that journey for them,” said Maya. 

     


    Reducing Greenhouse Gas (GHG) emissions has increasingly become an imperative for enterprises as they rethink how they run their business while being planet inclusive. The first step in this journey is measuring carbon emissions accurately. According to a Boston Consulting Group survey “Use AI to Measure Emissions - Exhaustively, Accurately, and Frequently”1, while 85% of organisations are concerned about reducing their GHG emissions, only 9% of organisations are able to measure their emissions comprehensively.

    Terrascope addresses two key challenges companies face in their decarbonisation journey, namely the speed and accuracy of data collected; and capturing Scope 3 emissions, which is the indirect emissions across the value chain typically constituting the bulk of a company’s carbon footprint. Terrascope’s data science and machine-learning platform enables companies to do both while giving Management the ability to track progress through centralised dashboards to better chart their decarbonisation journey.

     

    Suresh Sundararajan

     

    “We are seeing strong demand for Terrascope’s solutions and are delighted to welcome a strong and experienced leader like Maya to lead the business and to steer it to the next phase of growth. With Maya at the helm, I am confident Terrascope will grow from strength to strength and help more companies achieve their net-zero ambitions,” said Suresh.



     

    Earlier this year, the company appointed Mathavan Arugalaimuthu as Chief Technology Officer (CTO) of Terrascope. Mathavan has more than two decades of experience in the Technology space and has previously held leadership roles at Yara International, GE and Autodesk.

    The Terrascope platform powers Olam's emissions measurement demonstrating clear improvements in accuracy and measurement cycles. The platform has subsequently completed multiple pilots across the Food and Beverage sector in the UK and Asia. The company is currently engaged in additional client engagements across different industry sectors.

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    1 https://www.bcg.com/press/13october2021-only-nine-percent-of-organizations-measure-emissions-comprehensively

    About Olam Group

    Olam Group is a leading food and agri-business supplying food, ingredients, feed and fibre to 20,900 customers worldwide. Our value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a global network of farmers.

    Through our purpose to ‘Re-imagine Global Agriculture and Food Systems’, Olam Group aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all our stakeholders.

    Headquartered and listed in Singapore, Olam Group currently ranks among the top 30 largest primary listed companies in terms of market capitalisation on SGX-ST.

    Since June 2020, Olam Group has been included in the FTSE4Good Index Series, a global sustainable investment index series developed by FTSE Russell, following a rigorous assessment of Olam’s supply chain activities, impact on the environment and governance transparency. The FTSE4Good Index Series identifies companies that demonstrate strong Environmental, Social and Governance (ESG) practices and is used by a variety of market participants to create and assess responsible investment funds.

    More information on Olam can be found at www.olamgroup.com. Follow @olam.

    Olam is located at 7 Straits View, Marina One East Tower #20-01, Singapore 018936.
    Telephone: +65 63394100, Facsimile: +65 63399755.

     

    Issued on behalf of Olam Group Limited by:

    WATATAWA Consulting, 77 Robinson Road, Robinson 77 #33-00, Singapore 068896

     

    For further information, please contact:

    Contacts for Olam Group Corporate Communications:
    • Steven Fairbairn
    • Group Head, Olam Agri
    • +44 207389 6464
    • steven.fairbairn@olamnet.com
    Contacts for WATATAWA Consulting
    • Ong Chor Hao
    • Deputy Director
    • +65 96272674
    • chorhaoo@we-watatawa.com
    Contacts for WATATAWA Consulting
    • Clarence Foo
    • Senior Consultant
    • +65 9781 0737
    • cfu@we-watatawa.com

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