Ofi’s Cocoa Compass wins sustainable supply chain award
Ofi, part of the Olam Group and a leading supplier of natural, sustainable ingredients, including cocoa, won the award – which is open to organisations working independently or with partners and collaborators to improve the social and environmental sustainability of their supply chain – for its Cocoa Compass initiative.
Aligned with the UN’s Sustainable Development Goals, the Cocoa Compass initiative is a commitment to making the business’ supply chain, and the future of cocoa, more sustainable by helping farmers earn a living income, eliminating child labour, and protecting the natural world.
In 2020, the business achieved its first Cocoa Compass milestone of 100% traceability in its direct supply chain. Via an end-to-end system, it can now track cocoa at every stage of its journey from the farm or community - this is equivalent to 12% of the world’s cocoa and the result of a combined effort with farmers and customers over many years.
Judges at the Global Good Awards said: “ofi are a great example of how transparent, traceable and sustainable supply chains can help companies reach their sustainability objectives, especially as they count down to 2030.
“We were keen to see strong living demonstrations of embedding sustainability principles in a transparent supply chain and with ofi's cross supply chain excellence, extensive statistics, like-minded partnerships and a focus on vulnerable, marginal farmers and communities, they were the clear winner. We’re excited to see where the business goes next!”