Olam Agri has joined two new global initiatives to make agriculture more sustainable. The initiatives bring together major value chain partners, financial institutions, and governments to decarbonise supply chains and promote the adoption of regenerative agriculture, aligned with Olam Agri’s purpose to transform agriculture for a more sustainable future. 

“Strong partnerships and collaborations are a must as we transform agriculture. By supporting industry-wide solutions, we want to make sustainably grown crops a reality for farmers and consumers everywhere. These partnerships elevate our impact on the climate, nature and livelihoods,” says Julie Green, Chief Sustainability Officer, Olam Agri.

The new initiatives were announced at the 28th Conference of the Parties (COP28): 

• COP28 Action Agenda on Regenerative Landscapes: This flagship initiative is led by the COP28 Presidency, the World Business Council for Sustainable Development (WBCSD), and the Boston Consulting Group (BCG) and supported by the UN High-Level Climate Champions (HLCC). Olam Agri has joined this initiative to accelerate the transition to regenerative agriculture practices and positively impact the sustainability and resilience of food and agricultural systems. More details here.
• First Movers Coalition for Food: Olam Agri is among more than 20 corporate and research partners that are part of the World Economic Forum’s pioneering First Movers Coalition for Food, supported by the Government of the United Arab Emirates. The initiative will create aggregated market demand for sustainably produced and low-emission agricultural commodities that could amount up to $20B in value. More details here.

In addition, Olam Agri continues to progress on existing industry initiatives. The Sustainable Markets Initiative’s Agribusiness Task Force has launched a new blended finance framework to unlock financing for regenerative agriculture, and the Agriculture Sector Roadmap to 1.5°C has delivered the Soy Sector Roadmap to halt deforestation in high-priority biomes. 

Olam Agri has committed to a Science-Based Target initiative-validated target of net zero by 2050, and to advancing regenerative agriculture in our direct supply chains and own farms.

About Olam Agri 

Olam Agri is a market-leading, differentiated food, feed, and fibre agri-business with a global origination footprint, processing capabilities and deep understanding of market needs built over 33 years. With a strong presence in high-growth emerging markets and products across grains & oilseeds, integrated feed & protein, rice, edible oils, specialty grains & seeds, cotton, wood products, rubber, and commodity financial services, Olam Agri is at the heart of global food and agri-trade flows with 38.3 million MT in volume traded in 2022. Focused on transforming food, feed and fibre for a more sustainable future, it aims at creating value for customers, enable farming communities to prosper sustainably, and strive for a food-secure future. Olam Agri Holdings Limited, which holds the Olam Agri business, is a 64.6% owned subsidiary of Olam Group. 35.4% of Olam Agri Holdings is owned by SALIC International Investment Company, a wholly owned subsidiary of Olam Agri’s strategic partner The Saudi Agricultural and Livestock Company. For more information and to subscribe to our news alerts, please visit https://www.olamagri.com/.