Re-imagining Olam

Re-imagining Olam

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.@Olam has launched their 2018 Annual Report: Re-imagining Olam. See how they are pioneering financial, #sustainability & digital initiatives to create long-term value: http://bit.ly/2IPOtlE

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Tuesday, April 30, 2019 - 8:00am

CONTENT: Article

In our 2018 Annual Report, which integrates both financial and non-financial reporting, we outline how Olam has:

Sunny Verghese, Co-Founder and Group CEO comments: “2018 was another turbulent year for the global economy and the food and agri-industry. Against this backdrop, we continued to focus on ensuring that Olam is future-fit, pioneering a number of major financial, sustainability and digital initiatives to create long-term value for our continuing shareholders and other stakeholders, particularly customers and farmer suppliers.”

Initiatives include:

  • giving customers granular insight into the social and environmental impact of their ingredients and materials, with the launch of AtSource, unique in the B2B marketplace
  • strengthening future supply chain volumes by embracing 445,900 smallholders in sustainability programmes (23% growth from 2017)
  • diversifying funding with Asia’s first sustainability club-linked loan facility of US$500 million
  • developing non-financial reporting methodology to better understand the invisible impacts of our business on the Human, Social and Natural Capitals we depend upon - an approach called the Olam Integrated Impact Statement
  • driving operational excellence across Olam, improving working capital productivity and cost efficiencies.

To read the 2018 Annual Report and additional 2018 Global Reporting Initiative (GRI) Report: www.olamgroup.com/investors/investor-library.html

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www.olamgroup.com
Twitter: @olam
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Media Contact: media@olamnet.com

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