Tackling sustainability challenges with technology

The Integrated Impact Statement is a financial tool created by Olam to help make better business decisions and explain the impact of our actions more clearly. It’s designed to give greater insight into social, environmental and human factors and what affects them over the long-term.

While non-financial assets like intellectual and intangible capital account for a large part of our market value, they’re not included in current reporting models. We’ve challenged ourselves to introduce these into our thinking. This multi-capital approach will positively impact how we operate, delivering value to customers, partners and suppliers. 

Olam Direct is a mobile app that puts power back in the hands of the farmer; letting them transact directly with ofi and giving them control over their sales and earnings. Roughly 5,400 Ghanaian smallholder farmers have used Olam Direct to negotiate better prices for their cashews. 

It also offers access to advice, financing and supplies for those who struggle to find them otherwise. About 90,000 farmers are now using this transformational app. 

Olam Farmer Information System (OFIS)

Using GPS and detailed surveys, OFIS give farmers a new level of insight into their own farms so they can increase yields and quality. OFIS data is collected by a global team 6,000-strong, and as well as farm data it includes important information about communities. For instance, if we see there’s no school in an area we know there might be a risk of child labor. Armed with this information, we can take action with our customers by building or refurbishing a school.