Notes to Editors
Other updates on how ofi is making its brand proposition real for customers include:
- Expanding innovation and manufacturing capabilities: from 14 innovation centers today, ofi is opening a Chicago customer solutions center before the end of the year, and a new European center in 2022. These are supported by a new soluble coffee processing facility in Brazil to serve the expanding demand for coffee and a state-of-the-art dairy ingredients facility in New Zealand.
- Giving customers and partners more insight into supply chain challenges and setting specific targets to address them: Following on from the launch of the Cashew Trail sustainability strategy in June, ofi’s first formal goals and targets for hazelnuts will launch in early November, closely followed by almonds, and spices in 2022. In September, ofi’s Russian dairy business published its goals including a carbon reduction target of 50% per litre of milk by 2030 and carbon net zero dairy by 2050[1]. The first impact report for Cocoa Compass was published in April, with its 2020 milestones achieved and progress shared for 2024 and 2030 goals. A first impact update for the Coffee LENS sustainability strategy will be published before December. Program data, footprinting and insights are also provided by sustainability platform AtSource.
About ofi
olam food ingredients (ofi) is a new operating group born out of Olam International. ofi offers sustainable, natural, value-added food products and ingredients so that consumers can enjoy the healthy and indulgent products they love. It consists of the industry-leading businesses of cocoa, coffee, dairy, nuts, and spices. ofi has built a unique global value chain presence including its own farming operations, farm-gate origination, and manufacturing facilities. ofi partners with customers, leveraging its complementary and differentiated portfolio of ‘on-trend’ food products, to co-create solutions that anticipate and meet changing consumer preferences as demand increases for healthier food that’s traceable and sustainable. To subscribe to the ofi newsroom (when the website is live on October 21) please visit www.ofi.com (privacy statement here). If you do not wish to receive information from ofi please contact media@olamnet.com. Follow @ofi-group
About Olam
Olam is a leading food and agri-business supplying food, ingredients, feed and fiber to 17,300 customers worldwide. Its value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a sourcing network of an estimated 5 million farmers. Headquartered and listed in Singapore, Olam currently ranks among the top 30 largest primary listed companies in terms of market capitalization on SGX-ST. Since June 2020, Olam has been included in the FTSE4Good Index Series, a global sustainable investment index series developed by FTSE Russell, following a rigorous assessment of Olam’s supply chain activities, impact on the environment and governance transparency. The FTSE4Good Index Series identifies companies that demonstrate strong Environmental, Social and Governance (ESG) practices and is used by a variety of market participants to create and assess responsible investment funds. More information on Olam can be found at www.olamgroup.com. To subscribe to the Olam Newsroom please visit www.olamgroup.com and read the Privacy statement here. If you do not wish to receive information from Olam, please contact media@olamnet.com.
Issued on behalf of ofi by Teneo
ofi@teneo.com
+44 7899 908483
