Olam Group Ltd 2024 AR2
The report highlights Olam Group Limited's financial and sustainability performance for the fiscal year 2024. The group achieved a 9.2% increase in EBIT to S$1.9 billion, driven by strong growth in its ofi and Olam Agri operating groups, despite navigating high commodity prices and currency volatility. Key milestones included agreeing to sell a 44.58% stake in Olam Agri to SALIC for US$1.78 billion, representing a significant step in its Re-organisation Plan. On the sustainability front, the group advanced its decarbonization plans, refined its regenerative agriculture framework across 500,000 hectares, and prepared for the adoption of TNFD disclosures in 2025.
Company: Olam Group Ltd
Sector: Consumer Staples
Country: Singapore
Year: 2024
Type: AR2
Pages: 308
Olam Group Ltd
Annual Report
The report highlights Olam Group Limited's financial and sustainability performance for the fiscal year 2024. The group achieved a 9.2% increase in EBIT to S$1.9 billion, driven by strong growth in its ofi and Olam Agri operating groups, despite navigating high commodity prices and currency volatility. Key milestones included agreeing to sell a 44.58% stake in Olam Agri to SALIC for US$1.78 billion, representing a significant step in its Re-organisation Plan. On the sustainability front, the group advanced its decarbonization plans, refined its regenerative agriculture framework across 500,000 hectares, and prepared for the adoption of TNFD disclosures in 2025.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Water Consumption
Workplace Fatalities
Net Zero Target
Employees