Company Announcements

Olam Combines Financial and Sustainability Reporting for the First Time

Olam combines finan­cial and sustain­ability reporting for the first time to high­light impor­tance of creating holistic value

London, April 10, 2017 – Olam International Limited (“Olam’’) has merged its Annual Report with its Corporate Responsibility and Sustainability Report for the first time, reflecting the inter­de­pen­dence of economic, social and envi­ron­mental perfor­mance for the global agri- busi­ness and the impor­tance of creating value across all three fronts.

The FY2016 report’s theme, Maximising Value and Purpose, reflects the building blocks of an enduring busi­ness, according to Co-Founder and Group CEO, Sunny Verghese:

“The macro changes that the world is expe­ri­encing have long-term impli­ca­tions for how busi­nesses are led, organ­ised, managed and financed. At Olam, we must continue to maximise share­holder value while pursuing a purpose-driven model, providing consis­tent trans­parency, advancing sustain­ability and engaging with an ever-broadening commu­nity of stake­holders.”

“We remain focused on executing our differ­en­ti­ated strategy, aligned with our core purpose of Growing Responsibly. To seize the oppor­tu­ni­ties from the rise of digital disrup­tion, we are also creating a ‘digital first’ culture at Olam by eval­u­ating various initiatives1.”

Commenting on the strong year-on-year net profit growth for 20162, A. Shekhar, Executive Director and Group COO, high­lighted the signif­i­cant uplift in volumes and sales revenues for Africa3:

“Given our depth and breadth of expe­ri­ence across the conti­nent, Africa is a strategic vertical for the busi­ness. We are confi­dent that our invest­ments in Africa and across our priori­tised plat­forms will contribute further to our success moving forward,” he said.

Commenting on Olam’s social and envi­ron­mental perfor­mance, Jean-Paul Pinard, Chair of Olam’s Corporate Responsibility and Sustainability Board Committee, said: “For anyone investing in the agri­cul­tural sector, under­standing the external aspects of the busi­ness is funda­mental. Olam’s activ­i­ties depend on the quality of the soil, the avail­ability of water, and the dedi­ca­tion of people to grow, harvest and process quality crops. Combining sustain­ability reporting with busi­ness perfor­mance is there­fore an impor­tant step.”

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