Our Material Areas
In 2013, Olam identified 7 material areas: Livelihoods, Land, Water, Climate Change, Labour, Food Security and Food Safety. Following ongoing engagement with our colleagues and external stakeholders these material areas remain the same for 2015 and 2016.
When considering operational boundaries, it can be seen that all of the material areas impact our indirect sourcing supply chains (large and small-scale farmer suppliers), while 6 (excluding Livelihoods) are also material to our direct operations (plantations, farms, processing facilities, offices etc.).
Although we report against each material area individually, they should not be viewed in silos, rather they interconnect to a greater or lesser degree depending on the landscape. This is why, on the ground, we always aim to take a ‘landscape approach’, which addresses risks and opportunities holistically – we tried to show this through picture-led case studies in our FY14 report. For 2015 however, we have opted to go for a deeper dive per material area.
Our material areas are also clearly aligned to our goals, objectives and targets, which are detailed in full in this Report. In turn, where applicable, these are aligned to the UN Sustainable Development Goals. We have chosen 5 SDGs to focus on as a Company, including SDG 1, 2, 12, 13 and 17. These relate closely to our activities curated under Livelihoods, Food Security, Labour, Land, Water and Climate Change. Partnerships, as highlighted by SDG 17, underpin almost everything we do.
Next section: Livelihoods