Olam unveils new ‘net-positive’ supply chain policy

Olam's chief executive Sunny Verghese said the aim for a ‘net-positive’ impact towards the creation and restoration of natural and social capital would enable the company to operate a viable business

The Living Landscapes policy aims to “reimagine agriculture by putting back more into food and farming systems than is taken out”. The policy states that land use activities should deliver products while maintaining critical habitats, and also regenerating the natural capital of soil, water and natural ecosystems.

It sets out time-bound commitments for the net-positive framework to be applied in both Olam-controlled operations and its third-party sourcing network of more than four million small and large-scale farmers.

“Agriculture is at a tipping point,” Olam’s co-founder and chief executive Sunny Verghese said. “Unless we address the multiple environmental and social issues affecting our supply chains, our future volumes are at risk. We already have many policies and codes in place but we must now go beyond simply doing less harm, and instead aim for a ‘net-positive’ impact towards the creation and restoration of natural and social capital.

“We recognise that the publication of this policy is only the start of a challenging process where we will need to assess our own operations, influence a vast network of farmers beyond the reach of our direct sourcing, and still operate a viable business.”

 

SOURCE: Edie