Re-imagining Global Agriculture – Olam Sets Out New Purpose and Reporting Model in 2017 Annual Report

Jul 25, 2018 8:00 AM ET
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Recently winning silver at the 13th annual Singapore Corporate Awards in the Big Cap category, our 2017 Annual Report is the first on Olam’s journey to develop a new model of reporting that provides insight into how we create value for multiple stakeholders over the long-term.

The report explores our management approach, value created and impacts addressed under the non-financial Capitals: Human, Social, Natural, Intellectual, Intangible and Manufactured Capitals.

“In addition to qualitative and quantitative information in our Annual Report, we are currently reviewing methodologies to financially account for our impacts across seven ‘Capitals’. With this insight, we will be able to further mitigate risk and assess how we are tracking on achieving long-term value, even as we continue to deliver on performance in the short term.”

~Sunny Verghese, Co-Founder and Group CEO

This, in turn, will contribute to Olam’s ambitious new Purpose to Re-imagine Global Agriculture which is the overall theme of the report. Case studies and the CEO Review explain how we aim to achieve:

  • Prosperous farmers and farming systems
    Re-thinking how people and companies are financially rewarded to make the agricultural sector attractive and viable
  • Thriving communities
    Revitalising communities who depend on agricultural systems so that people live well
  • Re-generation of the living world
    Re-generating ecosystems, soils and water to create landscapes where industrial agriculture, smallholders and other rural commerce co-exist with nature

It is important for us to know if we’ve communicated our strategy, achievements and aspirations clearly. Please help us by taking this short survey after you have read the report.

About Olam International Limited

Olam International is a leading agri-business operating across the value chain in 66 countries, supplying various products across 18 platforms to more than 22,000 customers worldwide. From a direct sourcing and processing presence in most major producing countries, Olam has built a global leadership position in many of its businesses. Headquartered in Singapore and listed on the SGX-ST on February 11, 2005, Olam currently ranks among the top 30 largest primary listed companies in Singapore in terms of market capitalisation. In 2016, Fortune magazine recognised Olam at #23 in its ‘Change the World’ list.

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

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

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www.olamgroup.com

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Read the Report