It’s important for our stakeholders to understand that our Core Purpose of Growing Responsibly is not just a sustainability initiative. Rather it is embedded within Olam’s overall business framework. It describes how we do our business every day and therefore all business units, geographies and functions are accountable for living this ethos.
Growing Responsibly seeks to ensure that profitable growth is achieved in an ethical, socially responsible and environmentally sustainable manner. As can be seen from the three supporting pillars, Growing Responsibly doesn’t just mean protecting the environment and supporting farmers and communities. By including Commercial factors, such as having a sound business model with strong risk management and governance, we protect our investors, shareholders and employees, which in turn means we have a resilient and sustainable business for our farmers, suppliers and customers.
Our Sustainability strategy is therefore implemented under the framework of Growing Responsibly, primarily focusing on the Social and Environmental pillars. It is driven by the Corporate Responsibility and Sustainability (CR&S) Function with Manufacturing and Technical Services (MATS) playing a key role.