ofi shares milestone on supporting farmer livelihoods to mark International Coffee Day
Ahead of International Coffee Day on 1st October, olam food ingredients (“ofi”), a global leader in naturally good food & beverage ingredients, announces that it has achieved more than half of its target to improve the livelihoods of 200,000 coffee farmers by 2025. The results are reported in its second Coffee LENS (Livelihoods, Education and Nature at Scale) sustainability impact report.
The report details the achievements made by ofi’s coffee platform in collaboration with customers and partners across 44 projects with a total funding commitment of over $50 million. Launched in 2020, ofi's Coffee LENS sustainability strategy lays out their comprehensive 2025 goals within a four-pillar framework: economic opportunity, education and skills training, climate action and healthy ecosystems. Through this strategy, ofi aims to create a more resilient supply chain and safeguard the future of coffee.
Despite challenges throughout 2022, including various supply chain disruptions, the ongoing war in Ukraine, and adverse weather effecting crops, ofi is progressing well towards creating a more resilient supply chain by making impact at the intersection of farmer livelihoods and the environment.