No direct exposure to Indonesia fires: Olam
The group says it is not aware of any formal regulatory inquiries or notices relating to the fires
Olam Group, the Singapore-listed agribusiness firm, has stated that it has no direct operational exposure to the recent forest and peatland fires in Indonesia. The company clarified that it does not own or operate any oil palm plantations or concessions in Indonesia. Additionally, Olam Agri, a subsidiary of Olam Group that was sold to a Saudi fund in April, also does not own or operate any oil palm plantations, mills, refineries, or processing facilities in the country.
The company operates primarily as an intermediary trader, sourcing palm oil from third-party refineries. Olam Agri manages upstream environmental risks through monitoring, supplier engagement, and a responsible sourcing framework, but they are not aware of any material impact on their palm oil sourcing operations due to the fires.
The group reviewed fire alerts, stakeholder reports, and media coverage concerning the fires in Indonesia as part of their monitoring process. They noted that several cases have been clarified by the companies concerned, while others remain under internal assessment or await further information. The company does not expect any material operational, financial, legal, regulatory, or reputational impact from the fires.
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Also reported by 1 other outlet
- No direct exposure to Indonesia fires, says Olam Group straitstimes.com
