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Olam's ofi announces new 2030 targets and action plans for resilient ingredient supply chains

Samantha Chiew
Samantha Chiew • 3 min read
Olam's ofi announces new 2030 targets and action plans for resilient ingredient supply chains
Olam's ofi announces new sustainability targets. Photo: Bloomberg
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Olam food ingredients (ofi), a new operating group born out of Olam Group (SGX:VC2) that supplies sustainable, natural, value-added food products and ingredients, has announced a new sustainability strategy – ‘Choices for Change’ and ambitious 2030 targets.

Global food brands and retailers are facing growing consumer demand for sustainable products, with increasing weather related and other challenges in the food supply chain and significant new sustainability linked legislation coming up. With ‘Choices for Change’, ofi will provide these companies and their consumers with specific choices to deliver long-term impact across four critical pillars: Prosperous Farmers, Thriving Communities, Climate Action and Regenerating the Living World. 

Every 2030 target in the Choices for Change strategy delivers on key customer needs, including delivering enhanced livelihood support to one million farmers, helping them to be more productive and deliver better quality ingredients; Cutting scope 3 emissions by 30% to offer customers verifiable, low-carbon products and ingredients and contribute to net-zero commitments; and bringing 2 million hectares of land under regenerative farming practices to create long-term farm resilience and products with verified positive natural impact.

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