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Read about the latest developments across the busines, Including our global sustainability initiatives.
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Openness, integrity and accountability - These principles, along with our drive for a consistently strong financial performance, determine how we run the company.
Our governance teams are responsible for implementing our Corporate Responsibility and Sustainability (CR&S) Strategy, and we set out our principles in our Code of Corporate Governance and Code of Conduct.
We have two tiers of governance. The CR&S Executive Committee oversees our progress against these standards. The Board CR&S Committee monitors the Executive Committee.
If any employee discovers any unethical practice, the Code of Conduct explains that they must report it and without fear of resprisals.
The CR&S Executive Committee is chaired by Gerard Manley, who has over 30 years’ experience in the cocoa industry. The activities of the CR&S Committee and the Function itself are managed by Dr Christopher Stewart, Global Head of CR&S.
Both Gerard Manley and Christopher Stewart report directly to the CR&S Board Committee.
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The Latest Sustainability News
8th Apr, 2021
Olam launches 2020 Annual Report: “Unlocking long-term value and driving sustainable growth”
Singapore
Global food and agri-business Olam International Limited today published its 2020 Annual Report, which outlines the Company’s financial and non-financial performance for the year. This includes how Olam:
Successfully navigated the pandemic to emerge stronger, delivering robust operational financial performance in 2020
Strong execution of the Group’s Strategic Plan to drive sustainable growth
Made significant progress on its Re-organisation Plan to unlock and maximise long-term sustainable value via carve-out, IPO and concurrent demerger of Olam Food Ingredients (OFI) and pursue similar strategic options for Olam Global Agri (OGA)
Continued to live out its Purpose of ‘Re-imagining Global Agriculture and Food Systems’
Sunny Verghese, Co-Founder and Group CEO of Olam, said:
“2020 was one of our strongest years on record as we delivered operational earnings growth of 36.0% to S$677.8 million even as we contended with the COVID-19 pandemic. We also made sig
6th Oct, 2020
Does Your Sustainability Reporting Start At The Source?
Sustainability reporting requires a lot of work, and it's only going to get more difficult over time as communities expect more from businesses and businesses demand more from themselves. That's where AtSource comes in, and why it's always getting better. AtSource CEO Roel Van Poppel explains…
The sustainability challenges facing our world and the efforts to meet them are immense. A variety of entities monitor and rate the activities of large businesses, including those in the food and agri-business industries. In fact, because their supply chains touch the farthest, most remote, and often the poorest communities on the planet, much is expected from them concerning how their operations impact and improve health, environmental, financial, and social well-being. Read more
16th Mar, 2021
7 principles for improving economic opportunity for farmers and rural communities
Smallholder farmers are the foundation of the global agriculture and food sector. It’s estimated that they produce around 30% of total crop production, making them critical to global food security. Olam relies on around 5 million smallholders for crops like cashew, cocoa, coffee, cotton and rice. Their ability to produce high yields of good quality and to earn a decent living is key to both short-term gains and to responsibly growing the business in the long-run.
At the same time, limited access to education, agri-training and technology, and banks and credit, result in yields being much lower than they should be. This threatens the reliability of Olam’s supply, while low incomes perpetuate poverty and discourage the next generation from becoming farmers.
There are 760,000 smallholders in Olam’s sustainability programmes - an uplift of 40% over the last two years, with farms covering 1.4 million hectares. Our approach to unlocking the economic potential of farmers through these progr
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