Olam invests US$40 million in 190 CSR and sustainability initiatives this year

Olam International Limited (“Olam”), a leading agri-business operating across the value chain in 65 countries, has published its 2014 Corporate Responsibility and Sustainability report, which looks at the connections between different impacts on various landscapes in its supply chain.

The report presents seven case studies, each representing one main material area, whilst showing, at the same time how others interconnect: livelihoods, labour, water, climate change, land, food safety and food security. The report is structured in this way to reflect the complex web of interconnectivity between these material areas, meaning that an action in one impact area can potentially have a knock-on effect in another.

This seventh annual CR&S report marks another milestone on Olam’s journey to achieve end-to-end sustainable supply chains by 2020, detailing the company’s ongoing progress against its Corporate Responsibility and Sustainability (CR&S) strategy and Aspirations.

Globally, key highlights for 2014 include:

  • US$40m invested in CR&S initiatives including staff costs
  • 190 CR&S community initiatives underway in 30 countries
  • US$360,000 spent on HIV/AIDS and malaria awareness campaigns in Africa
  • 63,730 female farmers in Olam Livelihood Charter initiatives
  • Reduced absolute water volume for irrigation by 5 per cent and irrigation water intensity by 31 per cent
  • Reduced carbon emissions by 18 per cent in Olam-managed plantations, concessions and farms and by 6 per cent in processing (CO2e/tonne product)

As with the 2013 report, ‘Connectivity in the Landscape’ has been compiled using the Global Reporting Initiative (GRI) G3.1 framework. This is one of the world’s most prevalent sustainability reporting standards, promoting transparency and organisational accountability.

We invite you to download the report here.

About Olam International Limited

Olam International is a leading agri-business operating across the value chain, supplying various products across 16 platforms to over 13,800 customers worldwide. From a direct presence in more than 65 countries with sourcing and processing 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 is a component stock in the Straits Times Index (STI), MSCI Singapore Free, S&P Agribusiness Index and the DAXglobal Agribusiness Index.

Olam is the only Singapore firm to be named in the 2009, 2010 and 2012 Forbes Asia Fabulous 50, an annual list of 50 big-cap and most profitable firms in the region. It is also the first and only Singapore company to be named in the 2009 lists for the Global Top Companies for Leaders and the Top Companies for Leaders in the Asia Pacific region by Hewitt Associates, the RBL Group and Fortune.

More information on Olam can be found at www.olamgroup.com. Olam is located at 9 Temasek Boulevard #11-02 Suntec Tower Two Singapore 038989, Telephone: +65 63394100, Facsimile: +65 63399755

For more information, please contact:

Nikki Barber – Public Relations Manager +44 207 484 8994; +44 7568 108 555

Sam Vogts – Senior Account Manager, Gong Communications, +44 207 935 4800; +44 7462 855 757

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