Aliging Profit with Purpose - Global Goals Yearbook 2019

Grabbing a cup of coffee on the way
to the office is a daily – even essential
– ritual for many of us. But for
smallholder farmers such as Le Hong
Huong, coffee is his living. It pays for
the roof over his family’s head, the
food on their plates, and an education
for his children.
However, current climate trends are
putting this at risk. For Le Hong Huong
and the 25 million smallholder farmers
like him who produce four out of five
cups of coffee around the world, rising
global temperatures are lowering the
amount and quality of what they can
harvest. Plus, farmers facing less “buck
for their beans” because of historically
low coffee prices will only make that
worse.
Working alongside around 445,000 of
those farmers, however, we have found
ways to make them more resilient to
such challenges.
As one of the leading green coffee origin
exporters in the world sourcing beans
from across Africa, Asia, and South
America, Olam is in a good position to
work with smallholder farmers to ensure
they continue to invest in coffee in an
increasingly unpredictable world.
Helping coffee farmers manage
climate change
It is essential we provide them with
everything they need to boost production
and quality in a way that is good
for them, the planet, and consumers.
Take Dak Lak province in Vietnam –
here farmers are trained to intercrop
their coffee farms with high-value >>
OUR SUSTAINABILITY FRAMEWORK
At Olam, our business strategy and our sustainability strategy is combined into one. In 2017 after extensive internal and
external consultations with our key stakeholders, we redefined our Purpose as ‘Re-imagining Global Agriculture:
Growing Responsibly’. In 2018, as we refreshed our strategy for the next 6 years, we have re-articulated our Purpose to
‘Re-imagining Global Agriculture and Food Systems’. By this we mean how we, as a company, can help produce more food,
feed and fibre with significantly fewer resources, reduce food waste, enhance biodiversity, tackle climate change and
transform farmer livelihoods. In our new CR&S Framework, we have linked our Purpose to the 3 outcomes we want to
generate, the 10 material areas that we will focus on, the impact of each on specific UN SDGs3 and the various policies
and standards that will underpin our actions.
Purpose
Re-imagining Global Agriculture and Food Systems
Purpose Outcomes Prosperous Farmers Thriving Communities Regeneration of the Living World
and Food Systems
Material Areas
Impact on
UN SDGs
Economic Safe and
Opportunity Decent Work
Education
and Skills
Health and
Nutrition
Diversity and
Inclusion
Climate
Action
Healthy Healthy
Eco-systems Soils
Water
Reduced
Waste
Enablers
Policies Standards
Farmers
Plantations
Suppliers
Factories and worksites
Health and Safety Quality and Food Safety Labour Living Landscapes
Olam Livelihood Charter
Olam Plantations, Concessions and Farms Code
Supplier Code
QEHS Standards
Global Goals Yearbook 2019 147