Blog
Read about the latest developments across the business, including our global sustainability initiatives.
Read Our Blog
Annual Report 2024
We are pleased to have maintained our growth momentum in 2024 and to have achieved a significant milestone in our Re-organisation Plan.
Climate change presents a serious challenge to agricultural productivity and yields, which calls for greater sustainability, flexibility and innovation in the global food system. As our planet’s population continues to rise and demand for protein-rich foods increase, open trade will be ever more critical. Producing and moving food to where it is needed more efficiently and sustainably will be increasingly important.
Our differentiated approach, unique positioning, capabilities and competitive strengths underline the role we can play to meet the challenges facing our global food system, and longer-term issues facing global food and agriculture.
Chairman’s Letter
The resolve of the food and agricultural sector was sternly tested – yet again – in 2024. Geopolitical tensions, market volatility and macroeconomic uncertainty continued to weigh on economic conditions and the wellbeing of communities across the world.
Olam Group was not spared from these challenges. Resilience, however, underpinned our financial performance during the year, amid these persisting challenges and market circumstances that were beyond our control.
Lim Ah Doo
Chairman, Non-Executive and Independent Director
Group CEO's Review
I am proud that we have demonstrated resilience and agility to navigate these market changes. It is testament to the differentiated business models of our operating groups and the contributions of our employees to meet our customers’ and stakeholders’ needs.
Sunny Verghese
Executive Director, Co-Founder and Group CEO
Re-organising to Deliver Value on a Sustained Basis
Re-organising to Deliver Value on a Sustained Basis
Working to inspire new concepts that make it real, from plant to palate.
Transforming food, feed and fibre to cultivate a sustainable and food-secure future.
Nurturing businesses to grow and create sustained value.
Reimagining the possibilities of digital technology solutions and services.
Harnessing the power of the human spirit to innovate and create a positive impact.
Environment
We collaborate with partners to help preserve our environment, reduce our emissions, and strengthen climate resilient supply chains.
Social
From the large, mechanised farms to the small, manually-farmed plots millions of farmers provide us with raw materials.
People and Culture
We create and maintain a safe and inclusive workplace that supports diversity and equity, where every individual feels valued and respected.
Response to the TCFD
Olam is committed to ensuring transparency and action around climate-related risks and opportunities.
Risk Management
The Risk Office monitors, controls, and reports on the key risks across the business.
Sustainability Finance
Multi-capital accounting goes beyond financial accounting, and helps organisations become more resilient while also contributing positively to the world.
The 2024 annual report is for the period 1 January 2024 to 31 December 2024 and can be viewed as three separate chapters or downloaded as one book.
Supplementary Sustainability Disclosures
We strive to report across the governance, environmental, social and economic dimensions of our business activities in a transparent and balanced manner. Within this report, we respond directly to GRI disclosure topics and relevant indicators, and have supplemented our GRI reporting with additional disclosures, as appropriate, from the Sustainability Accounting Standards Board (SASB) standards and the Singapore Stock Exchange (SGX) Core ESG Metrics.
Annual Report Archive
Refine
All
Title
All
No records found
Frequently Asked Questions
When is the annual report published?
The annual report is typically published before mid-April for the Annual General Meeting to be held before the end of the month.
Is it possible to obtain a hard copy of the annual report?
In place of a hard copy of the full annual report, shareholders receive by mail a hard copy of a summary report, which contains a request form for shareholders to receive a hard copy of the annual report for the current issue and/or for future issues. Shareholders or members of the public may also write in to ir@olamnet.com to request a hard copy to be despatched to their local Singapore address by mail.
Do you publish a separate Sustainability Report?
We have adopted the Integrated Reporting framework for the Annual Report. Details on our approach to Sustainability and our achievements and targets can be found in the same report. You may view our Global Reporting Initiative report which contains more Sustainability information than the Annual Report and SASB Disclosure Index report.
Learn More About Us
Subscribe to Our News Alerts
© 2023 Olam Group All Rights Reserved Co. Reg. No. 202180000W