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Sustainability

Sustainable Development Goals

The Sustainable Development Goals (SDGs) are the world’s time-bound (15 years) and quantified targets designed to end extreme poverty for everyone everywhere, fight inequality and injustice and fix climate change. They superseded the UN Millennium Development Goals (MDGs) from 1st January 2016.

We know that the private sector has a responsibility and a fundamental role to play in achieving the 17 SDGs. There are 169 targets many of which are relevant to Olam’s day-to-day activities, however we are specifically focusing our efforts on Goal 2 and Goal 17. These goals encapsulate Olam’s overall approach to Growing Responsibly and our commitment to driving positive change through our supply chains, partnerships and knowledge sharing:

Goal 2 “End hunger, achieve food security and improved nutrition and promote sustainable agriculture”
Food Security is one of Olam’s identified material areas.

Examples include:

  • We invest in rural development, directly supporting approximately 1 million smallholders including over 350,000 through Olam Livelihood Charter (OLC)
  • We advocate 10 principles for Food Security including:
    • Increasing productivity/yield on smallholder farms and our own large-scale farms
    • Supporting smallholders to grow nutritious food as well as cash crops
    • Improving water and irrigation usage
    • Investing in agri-infrastructure and supporting policy frameworks for inclusive and sustainable growth
  • We take a landscape approach to our operations to ensure that we can truly assess risk factors, identify opportunities and make sound decisions and investments
  • We adhere to industry standards (RSPO, FSC®, IFC etc) to ensure sustainable plantations

Goal 17 “Strengthen the means of implementation and revitalise the global partnership for sustainable development”
Partnerships are the bedrock of Olam’s sustainability achievements. You can read who we work with here.

Examples include:

In addition, we are going to mobilise our 62,500 strong workforce to help raise awareness of the SDGs in 1000s of communities around the world – the more people that know about the Goals, the more likely we can achieve the targets.

We will be following this up by supporting Goal 2 – Zero Hunger, through our Employee Volunteering Programme.