ofi (olam food ingredients), a global leader in naturally good food and beverage ingredients, says developments in data and technology – from granular deforestation mapping and child labor monitoring

Conducting social capital impact valuation for a living income project in Honduras and launching a large-scale sustainable forest management partnership in Côte d’Ivoire are two highlights announced today by global food and beverage ingredients leader ofi, in its latest sustainability report for its coffee business. The annual impact report for Coffee LENS (Livelihoods, Empowerment, Nature at Scale) sets out progress made by ofi’s global coffee teams in the 2023 crop year against targets to improve farmer livelihoods, empower coffee communities, and deliver climate action by 2030. Notable initiatives include conducting ofi’s first social capital impact valuation to assess the value of customized support delivered to approximately 1,000 coffee farmers in Honduras as part of a living income project with partner ALDI SOUTH Group. Analysis for the crop years 2021- 2022 and 2022- 2023 revealed that every dollar invested generated eight dollars in social value, earning the project recognition as a finalist at this year’s Reuters Sustainability Awards.