Progressing the ESG Agenda to Become Greener Cleaner and More Competitive

Reimagining Global Agriculture at Olam International As a business, our purpose is to reimagine global agriculture and food systems. This purpose statement is important to us and cascades through the organization and drives behavior. The key purpose outcomes we aim for are: prosperous farmers and farming systems, thriving communities and regeneration of the living world. We also see a clear business rationale and benefit of sustainability across three areas: customer value-add; cost of operations, and cost of capital. On the first, we launched AtSource, a revolutionary sustainability insights platform for agricultural supply chains which provides customers with a single view across their supply chain sustainability parameters, as well as insights into how to influence these elements for the better. This allows our customers to view end-to-end metrics, build action plans that go towards meeting their sustainability requirements, building brand trust and confidence and transforming their supply chains. The second is on cost of operations. We have raised over $3 billion in sustainability- linked financing where our interest cost reduces as and when we achieve our sustainability goals. This a good demonstration of doing good and doing well at the same time. The third element is the cost of capital. Logically, if investors have a choice to invest between two companies in the same sector, the one that is more sustainable is likely to have a lower overall risk and better long-term prospects, which in turn should result in a lower cost of capital. Aditya Renjen Senior Vice President of Treasury & Investor Relations, Olam International Limited Measuring and seeking to reduce environmental impacts is the first step, and the easiest to quantify; but other elements of the ESG journey are also important to monitor, such as gender, labor etc. but these are more difficult to measure. Rana Karadsheh-Haddad Regional Industry Director - Manufacturing, Agribusiness & Services, South Asia & East Asia and Pacific, International Finance Corporation (IFC) BOX 1