Olam International : Global Reporting Initiative (GRI) 2021

Global Reporting Initiative 2021

Global Reporting Initiative - Introduction

A wide range of social and environmental risks exist which could have an impact on our business either directly or indirectly through our supply chains. We therefore have to manage an ever-evolving set of issues. We seek to ensure balanced reporting of the environmental, social and commercial aspects of our business activities, and be transparent in the process. Much of this is covered in our2021 Annual Report with its focus on Financial and the non-Financial Capitals - Manufactured, Human, Social, Natural, Intellectual and Intangible.

There is an ongoing challenge in annual reporting, however, in terms of balancing detail and readability, transparency and concise content; easy-to-find information with an engaging format. Following positive feedback for 2017, 2018, 2019 and 2020, we are continuing to use the Global Reporting Initiative Standards as an additional reporting tool, responding directly to disclosure topics and relevant indicators. This process is also helpful when responding to stakeholders who ask us to complete similar assessments.

This report comments on the topics most material to our business. It should be read in conjunction with the 2021 Annual Report available here:https://www.olamgroup.com/investors/investor-library.html. It has been prepared in accordance with the GRI Standards: Core option.

We welcome feedback on this report and the 2021 Annual Report [e-mail].

Contents

102.1: Name of company: Olam Group Ltd ................................................................................................................ 5

102.2: Activities, brands, products and services ....................................................................................................... 5

102.3: Location of headquarters; 102.4: Location of operations .............................................................................. 6

102.5: Ownership and legal form ................................................................................................................................. 7

102.6: Markets served .................................................................................................................................................. 7

102.7: Scale of organisation ........................................................................................................................................ 7

102.8: Information on employees and other workers ................................................................................................ 8

102.9: Supply Chain .................................................................................................................................................... 10

102.10: Significant changes to the organisation and its supply chain .................................................................. 11

102.11: Precautionary Principle or approach ........................................................................................................... 11

102.12: External Initiatives ......................................................................................................................................... 12

102.13: Membership of associations ........................................................................................................................ 12

102.14: A statement from the most senior decision-maker re. relevance of sustainability and strategy ........... 12

102.15: Key impacts, risks, and opportunities ......................................................................................................... 13

102.16: A description of the organisation's values, principles, standards, and norms of behaviour ................. 14

102.18 - 102.39: Governance Structure .................................................................................................................... 16

102.40: A list of stakeholder groups engaged by Olam .......................................................................................... 17

102.41: Percentage of total employees covered by collective bargaining agreements . ...................................... 17

102.42: State the basis for identifying and selecting stakeholders with whom to engage . ................................. 17

102.43: Report the organisation's approach to stakeholder engagement ............................................................. 18

102.44: Key topics and concerns that have been raised through stakeholder engagement ............................... 21

102.45: Report the entities included in the organisation's consolidated financial statements ........................... 21

102.47: Report a list of the material topics identified in the process for defining report content ....................... 22

102.48: Restatements of information ........................................................................................................................ 22

102:49: Significant changes from previous reporting periods in material topics and topic Boundaries ........... 22

102:50: Reporting period for the information provided ........................................................................................... 22

102.51: Date of most recent previous report (if any) ............................................................................................... 22

102.52: Reporting cycle .............................................................................................................................................. 22

102.53: Contact for the report .................................................................................................................................... 22

102.53: Report the 'in accordance' option the organisation has chosen. ............................................................. 22

201: Economic Performance ...................................................................................................................................... 23

201.1: Direct economic value generated and distributed ........................................................................................ 24

202: Market Presence ................................................................................................................................................. 25

202.2: Proportion of senior management hired from the local community at significant locations of operation25

203: Indirect Economic Impacts ................................................................................................................................ 26

203.1: Development and impact of infrastructure investments and services supported ..................................... 26

203.2: Significant indirect economic impacts, including the extent of impacts .................................................... 26

204: Procurement Practices ....................................................................................................................................... 28

205: Anti-Corruption ................................................................................................................................................... 28

205.2: Communication and training about anti-corruption policies and procedures ........................................... 29

301: Materials .............................................................................................................................................................. 30

301.1: Materials used by weight or volume .............................................................................................................. 30

302: Energy ................................................................................................................................................................. 31

302.1: Energy consumption ....................................................................................................................................... 32

303: Water .................................................................................................................................................................... 34

303.1: Water withdrawal by source ........................................................................................................................... 34

304: Biodiversity ......................................................................................................................................................... 35

304.1: Operational sites owned, leased, managed, adjacent to, protected areas ................................................. 37

304.2: Description of significant impacts of activities, products, and services on biodiversity in protected areas

and areas of high biodiversity value outside protected areas ................................................................................ 38

304.3: Habitats protected or restored ....................................................................................................................... 40

305: Emissions ............................................................................................................................................................ 41

305.1: Direct greenhouse gas (GHG) emissions (scope 1); 305.2: Energy indirect greenhouse gas (GHG)

emissions (scope 2); 305.4: Greenhouse gas (GHG) emissions intensity ............................................................. 42

306: Effluents and Waste ........................................................................................................................................... 44

306.5: Water bodies affected by water discharges and/or runoff ........................................................................... 44

307: Environmental compliance ................................................................................................................................ 45

307.1: Dispute ............................................................................................................................................................. 45

308: Supplier Environmental Assessment ............................................................................................................... 46

308.1: Percentage of new suppliers that were screened using environmental criteria ........................................ 46

308.2: Significant actual / potential negative environmental impacts in supply chain and actions taken ......... 48

401: Employment ........................................................................................................................................................ 49

401.3: Return to work and retention rates after parental leave, by gender ........................................................... 51

402: Labour / Management Relations ....................................................................................................................... 51

402.1: Minimum notice periods regarding operational changes ............................................................................ 51

403: Occupational Health & Safety ............................................................................................................................ 52

403.2: Type of injury and rates of injury, occupational diseases, lost days, and absenteeism, and total number of

work-related fatalities, by region and by gender ..................................................................................................... 52

403.3: Workers with high incidence or high risk of diseases related to their occupation ................................... 53

404: Training and Education ...................................................................................................................................... 54

404.3: Percentage of employees receiving regular performance and career development reviews, by gender and

by employee category ................................................................................................................................................ 54

405: Diversity and Equal Opportunity ....................................................................................................................... 55

405.1: Diversity of governance bodies and employees ........................................................................................... 55

407: Freedom of Association and Collective Bargaining ........................................................................................ 56

408: Child labour ......................................................................................................................................................... 56

408.1: Operations and suppliers at significant risk for incidents of child labour ................................................. 57

409: Forced or Compulsory Labour .......................................................................................................................... 58

409.1: Operations and suppliers identified as having significant risk for incidents of forced or compulsory labour,

and measures to contribute to the elimination of all forms of forced or compulsory labour .............................. 58

411: Rights of Indigenous Peoples ........................................................................................................................... 59

Management Approach Rights of Indigenous People / Communities ................................................................... 59

411.1: Incidents of violations involving rights of indigenous peoples and actions taken ................................... 60

412: Human Rights ..................................................................................................................................................... 60

412.1: Number and percentage of operations that have been subject to human rights reviews or impact

assessments ............................................................................................................................................................... 60

412.2: Employee training on human rights policies or procedures ....................................................................... 60

413: Local Communities ............................................................................................................................................ 61

413.1: Percentage of operations with implemented local community engagement, impact assessments, and

development programmes ......................................................................................................................................... 61

414: Supplier Assessment for Impacts on Society .................................................................................................. 62

414.1: Percentage of new suppliers that were screened using criteria for impacts on society .......................... 62

414.3: Number of grievances about impacts on society filed, addressed, and resolved through formal grievance

mechanisms ................................................................................................................................................................ 62

416: Customer health & safety .................................................................................................................................. 62

416.1 Percentage of significant product and service categories for which health and safety impacts are assessed

for improvement ......................................................................................................................................................... 63

GENERAL DISCLOSURES

102.1: Name of company: Olam Group Ltd

102.2: Activities, brands, products and services

Overview

Olam Group is a leading food and agri-business supplying food, ingredients, feed and fibre to 20,900 customers worldwide. Our value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a global network of farmers. Through our purpose to 'Re-imagine Global Agriculture and

Food Systems', Olam Group aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all our stakeholders.

Headquartered and listed in Singapore, Olam Group currently ranks among the top 30 largest primary listed companies in terms of market capitalisation on SGX-ST.

Since June 2020, Olam Group has been included in the FTSE4Good Index Series, a global sustainable investment index series developed by FTSE Russell, following a rigorous assessment of Olam's supply chain activities, impact on the environment and governance transparency. The FTSE4Good Index Series identifies companies that demonstrate strong Environmental, Social and Governance (ESG) practices and is used by a variety of market participants to create and assess responsible investment funds.

A full description of the products and services provided under these operating groups can be found in our 2021 Annual Report:

Report Chapter	Section	Printed page
Strategy Report	Business Model	Printed page 2-3
Strategy Report	ofi	Printed page 2
Strategy Report	Olam Agri	Printed page 3
Strategy Report	Remaining businesses of Olam Group	Printed page 3

Brands

Across our portfolio, we have a number of business-to-business brands, such as the deZaan, Unicao, Joannes and Huysman cocoa powder brands. In 2021, we launched specialty cocoa business, Twenty Degrees:www.twentydegreescacao.com/.

We also have a range of consumer brands for products sold only in Africa. These include Tasty Tom tomato paste and noodles, Cherie Noodles, Perk Biscuits, Caraway and many others which are listed on theolamgroup.com website.

2021 Annual Report Chapter	Section	Printed Page
Strategy Report	Remaining Olam Group Businesses	Printed page 60

Similarly, our grains business has B2B and consumer brands for the West Africa market, while our rice business has more than 30 consumer brands. More information on these brands and their performance can be found on theOlamgroup.com website.