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Annual Report 2022
In January 2020, we announced a transformational Re-organisation to create distinct operating groups, each with a clear and differentiated strategy for growth.
Each group is Forging a Bold Future by optimising their expertise, capabilities, and resources to capitalise and service growing opportunities in their respective market. We have continued to pursue our plan through 2022.
Chairman’s Letter
Standing firm on our solid foundations, differentiated business model and track record, the Group continued to forge ahead with our Re-organisation Plan so as to deliver sustained long-term growth and value creation for stakeholders.
Lim Ah Doo
Chairman, Non-Executive and Independent Director
Group CEO's Review
We achieved another strong year through the extraordinary efforts of our employees, as well as the partnerships we continue to forge with customers, communities and stakeholders.
Sunny Verghese
Executive Director, Co-Founder and Group CEO
Re-organising to Deliver Value on a Sustained Basis
Working to inspire new concepts that make it real, from plant to palate.
We are an agri-business with a global footprint and capabilities, focused on emerging markets.
Olam Global Holdco leverages food, agriculture and emerging market expertise to develop businesses along the value chain.
We deliver transformative digital and technology solutions to empower businesses.
We incubate start-up growth initiatives.
Our Capitals
Across our footprint, we create value for Olam and our stakeholders by investing in our non-financial Capital. Our management of these can enhance or erode value, as well as strengthen or affect trust with stakeholders.
Read about how we determine what’s material to our business and the important collaborations which help us make positive and marked impact.
Human Capital
The talent, skills and inspiration of our workforce, and our responsibility to provide a safe and healthy workplace where their rights are respected.
Natural Capital
The land, water, biodiversity and other ecosystem services required for food, feed and fibre crops to grow.
Intellectual Capital
The knowledge and IP that we create to keep us ahead of our competitors.
Social Capital
The relationships we forge and nurture with suppliers and communities where we operate, for long-term commercial success.
Manufactured Capital
The equipment, tools, and infrastructure owned, leased or controlled by our organisation and required to serve our customers.
Intangible Capital
The trust in our brand and our reputation which helps establish stakeholder partnerships.
Risk
The Risk Office monitors, controls, and reports on the key risks across the business.
Response to the TCFD
Olam is committed to ensuring transparency and action around climate-related risks and opportunities.
Sustainability Finance
Multi-capital accounting goes beyond financial accounting, and helps organisations become more resilient while also contributing positively to the world.
The 2022 annual report is for the period 1 January 2021 to 31 December 2022 and can be viewed as three separate chapters or downloaded as one book.
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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.
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