Olam International is a world-leading firm operating in 70 countries, supplying food and raw materials to over 16,200 customers worldwide. Its business model is based on ensuring that profitable growth is achieved in an ethical, socially responsible and environmentally sustainable way.
The agri-business knows its responsibility to the earth, as changing weather patterns are affecting crops and communities. The organization realizes that climate change will threaten food security by creating less than ideal conditions for optimal food production, thus threatening the world’s chances to end global poverty.
According to Olam, “Ensuring we and our 4 million farmer suppliers, the vast majority of whom are smallholders in emerging markets, are implementing mitigation and adaptation measures to achieve the 2°C goal is therefore integral to our strategy.” In addition, the company has adopted four of the 17 Sustainable Development Goals set out by the United Nations.
“Based on our configuration of assets and our capabilities across the 70 countries that we operate in, we have chosen four of the SDG Goals where we believe we can create a real impact,” said Sunny Verghese, the chief executive of Olam, at the U.N.’s High Level Thematic Debate on Achieving the Sustainable Development Goals.
Olam is prioritizing mitigating climate change through multiple goals: reducing GHG emissions from their farming and processing operations, adapting their own farming operations to build in climate resilience, encouraging farmer suppliers and logistics providers to improve their GHG emissions intensity and collaborating at a sector level to speed up implementation of climate-smart practices.
Olam will accomplish these goals through public, private and plural society partnership. Verghese said at the debate that a U.N.-to-private-sector partnership is key to successfully implementing the SDGs.
Verghese went on to say, “If after all of this hard work and overwhelming effort, if we are not going to be leaving a better place for our children, what is the point of it all?”
– Kerri Whelan