30th Aug, 2022
ofi secures inaugural US$1,975 million sustainability-linked loan
Singapore olam food ingredients (“ofi”), a global leader in naturally good food & beverage ingredients, announced today that it has secured a multi-tranche sustainability-linked facility aggregating US$1,975 million (the “Facility”). ofi was created in early 2020 following the announcement of the re-organisation within Olam International Limited (now Olam Group Limited “Olam Group”) to unlock and maximize its long-term value. Rishi Kalra, Executive Director and Group CFO of ofi said: “At ofi, sustainability is at the heart our operations. This Facility is fully aligned with ofi’s growth strategy to deliver sustainable, natural, value-added food and beverage ingredients and solutions through a diverse channel mix, to customers across the globe.” The Facility has Olam Holdings B.V. as a Borrower. The Facility is initially guaranteed by Olam Group which will transfer to ofi Group Limited post the planned IPO and demerger of ofi. Proceeds from the
9th Jun, 2022
Olam launches climate-tech venture Terrascope to enable enterprises to achieve their Net Zero ambitions
Terrascope’s smart carbon management platform offers GHG measurements which are on average five times faster and show 25% improvement in data confidence Commercial trials across four industry sectors and 15 countries measured over 230 million metric tonnes of GHG emissions Singapore Olam has launched its climate-tech venture Terrascope to empower companies to accurately and efficiently manage and reduce their carbon emissions. Since the beginning of its commercial trials, Terrascope has measured over 230 million metric tonnes of Greenhouse Gas (GHG) emissions for companies from industry sectors with complex supply chains – Food & Beverage, Agriculture, Real Estate, and Consumer Goods – across 15 countries. Current commercial trials are underway with businesses across diverse industries and sectors in the UK, France, Indonesia, Japan, Malaysia and Singapore. Terrascope’s platform is an Enterprise-grade Software as a Service (SaaS) powered by Data Science and Machi
16th May, 2023
Providing Access to Clean Drinking Water in Satikran, Côte d'Ivoire
In the small village of Satikran, located about 30 km from Abengourou in the sub-prefecture of Aniassué, life is changing for the better. Olam Agri's rubber business in Côte d'Ivoire – Société Agro-Industrielle de la Comoé (SAIC) – has donated a solar water pump to the village, bringing access to clean drinking water to more than 12,000 inhabitants. The donation is part of the Nassey program, which means "Thank You" in the local dialect and aims to show our appreciation and commitment to social development for rural communities. The solar-powered water pump will provide the community with safe and clean drinking water, something they have long struggled to access. The donation, which was made in time for World Water Day, had Augustin Apetey, Deputy Managing Director of SAIC, expressing his joy at the pump’s impact on the community saying, "What a relief for our mothers, sisters, and daughters! So many lives to change!"
16th Nov, 2022
Enhancing Workforce Nutrition in Ghana
As part of its efforts to improve workplace nutrition and promote healthy living among employees, Olam Agri Ghana is providing fortified rice to employees across all 6 locations during lunchtime.