<span class="txt-orange">Olam Agri joins new global initiatives</span> in the transition to more sustainable agriculture

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<span class="p1"><b><br>Singapore</b></span>

<span class="p1">Olam Agri has joined two new global initiatives to make agriculture more sustainable. The initiatives bring together major value chain partners, financial institutions and governments to decarbonise supply chains and promote the adoption of regenerative agriculture, aligned with Olam Agri’s purpose to transform agriculture for a more sustainable future.<br></span>

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Julie Greene, Chief Sustainability Officer, Olam Agri
<span class="p1">Strong partnerships and collaborations are a must as we transform agriculture. By supporting industry-wide solutions, we want to make sustainably grown crops a reality for farmers and consumers everywhere. These partnerships elevate our impact on the climate, nature and livelihoods.</span>
Julie Greene,
Chief Sustainability Officer, Olam Agri
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<span class="p1">The new initiatives were announced at the 28th Conference of the Parties (COP28):</span>

<ul><li><span class="p1"><b>COP28 Action Agenda on Regenerative Landscapes: </b>This flagship initiative is led by the COP28 Presidency, the World Business Council for Sustainable Development (WBCSD) and the Boston Consulting Group (BCG) and supported by the UN High Level Climate Champions (HLCC). Olam Agri has joined this initiative to accelerate the transition to regenerative agriculture practices and positively impact the sustainability and resilience of food and agricultural systems. More details <a href="https://www.wbcsd.org/Programs/Food-and-Nature/Food-Land-Use/COP28-Action-Agenda-Regenerative-Landscapes-accelerating-the-transition" target="_blank" rel="noopener noreferrer">here</a>.</span></li><li><span class="p1"><b>First Movers Coalition for Food:</b> Olam Agri is among more than 20 corporate and research partners that are part of the World Economic Forum's pioneering First Movers Coalition for Food, supported by the Government of the United Arab Emirates. The initiative will create aggregated market demand for sustainably produced and low-emission agricultural commodities that could amount up to $20B in value. More details <a href="https://www.weforum.org/press/2023/12/first-movers-coalition-for-food-to-create-up-to-20-billion-value-chain-for-sustainable-farming/" target="_blank" rel="noopener noreferrer">here</a>.</span></li></ul>

<span class="p1">In addition, Olam Agri continues to progress on existing industry initiatives. <b>The Sustainable Markets Initiative’s Agribusiness Task Force</b> has launched a <a href="https://www.sustainable-markets.org/news/the-agribusiness-task-force-launches-blended-finance-framework-to-make-regenerative-farming-mainstream/" target="_blank" rel="noopener noreferrer">new blended finance framework</a> to unlock financing for regenerative agriculture, and the <b>Agriculture Sector Roadmap to 1.5°C</b> has delivered Soy Sector Roadmap to halt deforestation in high priority biomes.</span>

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Supporting the 1.5°C Agri Sector Roadmap
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