“OFIS is game-changing for 3 main reasons: the ability to embrace more farmers in the financial system; the level of transparency in the supply chain that we can offer customers into their sustainability programmes and, finally, the impact that OFIS can have on Olam’s own sustainability initiatives. We can now harness the power of the data we collect in an entirely new way. Before, we could see crop yields were changing but we didn’t know exactly why. OFIS helps us to understand the big picture.
In the cocoa supply chain specifically, data insights from OFIS support the achievement of our sustainability ambition, Cocoa Compass, and allow us to measure and report progress to our customers via AtSource, Olam’s digital sustainability platform. For example, social data collected on OFIS means we can more quickly identify children at risk of child labour and take action immediately.”