It adopts principles to support the co-existence of prosperous farmers and food systems, with thriving communities and healthy ecosystems. It aims to apply across products and cover our plantations and farms, as well as our extensive third-party sourcing network of 5 million small and large-scale farmers. The Policy represents a step-change in ambition for Olam: to re-imagine agriculture by putting back more into food and farming systems than is taken out.
We recognise that much environmental destruction, especially in developing countries, is driven by entrenched poverty. Therefore the economic viability of farming and the rural economy is central to achieving positive conservation outcomes.
The Policy states that land use activities should be planned and managed to supply food and fibre, while maintaining or enhancing critical habitats, and re-generating the natural capital of soil, water and natural ecosystems. Unacceptable land use practices for both Olam’s operations and third-party suppliers must be identified and eliminated. The OLLP further outlines how local voices play an important role in decision-making processes within dynamic, adaptive and resilient landscapes.
Systemic change is difficult and cannot happen overnight, especially in complex and fragmented supply chains, operating in challenging geographies. The OLLP sets out timebound commitments for preparing i) the ‘Net-Positive’ framework and ii), how the framework will be applied through suitable strategies, targets and timelines for both Olam-controlled operations and third-party suppliers. The framework and strategies will be prepared in 2 tranches, by 2018 and by 2020.
To prepare the framework Olam will also seek the guidance and advice of a multi-stakeholder network, in particular on-the-ground work for measuring, valuing and reporting natural and social capital for agriculture. Progress has been reported in the FY19 Annual Report under our Natural Capitals section.