Q1 CR&S EN VN

Quarter 01, 2021 Edible Nuts Vietnam Sustainability Report



Foreword I am excited to bring forward and share the first-ever quarterly sustainability report. We have come a long-way since inception of yearly sustainability charter in 2019. We wanted to make sustainability the core of our business in Viet Nam. Progressing on this mission for last over two years, we are strongly marching ahead and cover a wide range of issues we feel deeply for – farmers, employees, community & environment. The CS&R team of Edible Nuts Vietnam has initiated various meaningful initiatives helping more than 5000 farmers families, 3500 employees, and many community members. Shajan Thomas General Manager, CR&S



Contents About Edible Nuts Viet Nam Our Approach Progress so far.. Farmer Livelihood & Supply Chain Employee, Community & Environment Impact Stories

Presence of Olam Edible Nuts in Vietnam 1 Manufacturing Unit, 2 Manufacturing Unit, Pleiku– Gia Lai Quy Nhon – Binh Dinh 2 Manufacturing Unit, Consumer Packing Center, ENVN 2 Manufacturing Units, Tuy Hoa – Phu Yen Long Thanh – Dong Nai Vietnam 5 Manufacturing Units, Bien Hoa – Dong Nai

Olam Edible Nuts - Vietnam 2005 2020 5 Nuts • Started with 1 • Grown to 5 product 12 Manufacturing Units Product in 2005 in 2020 3500 • 45 employees in • 3500 employees in Employees 2005 2020 ~92,000 MT of Nuts • 1 Manufacturing • 12 Manufacturing Kernel traded p.a. Unit for trading of Unit, with state-of- cashew kernels the-art Filling 200+ Product SKUs Centers and Private Label offerings 500+ Customers Almonds Walnuts Cashew Pistachio Macadamia

Illustration of Cashew Apple taken in Cashew Plantation, Gia Lai

Our Approach We have made our presence strong partnering and sharing growth with fellow farmers and the community. We strongly believe that building a sustainable future needs constant striving and we are committed to make it happen. Farmers Community & Employees Environment Enabling farmers progress Ensuring the well-being while working with Olam, A happy and prosperous ensuring their well-being community, focusing on all and economic and economic progress the aspects of societal development, environmental development of our impact to ensure a safer future for the coming employees is our foremost generations target. Together we can enable to create a responsible society sensitive to meaningful social causes

Farmer family in Duc Co cashew plantation region

ENVN’s Focus Pillars for Sustainability ENVN has made a comprehensive plan to make outreach to each of its stakeholder namely 3500 employees, 5000+ farmers & their family, and community of 4 provinces EN is working Focus Pillar for 2021Farmer Livelihood and Supply Chain Employees, Community & Environmental Responsibility Farmer Livelihood Olam Employees • Premium pricing through certified.products • Olam YES! – Yearly children scholarship program • Maintain the outreach for current certifications - AtSource, Fair • Olam WIL! - Women Empowerment & Gender Equality initiative • Blood Donation Drives Trade, Organic • Introduce new certifications . Community & Environmental Responsibility Thriving Communities • Solar Street Lights • Building new co-op office, selling units, Drying Yards • School Library, Sports & Recreation center • High-yield Seedling Distributions and Farmer Trainings on GAP • Playing Equipment's for Kindergarten School in Village area New Cooperatives • Olam housing program – provide houses to needy families Initiate opening new cooperatives in Cambodia • Olam Nutrition enrichment drive - provide healthy food to school children 10 projects spread across the year to help positively impact the lives of over 15,000 people in Vietnam

Progress so far.. Jan Feb March Projects 01 - 03 Education Library 1 School Ground study Solar completed to finalize Government RFQ released to Streetlight school location – approval completed suppliers to initiate Hoang Hoa Tham library construction Secondary School Govt. approval 100 Solar 3 km Govt. approval initiated received for Duc Streetlights added for all three locations Co Livelihood 2280 Farmer Organic Organic farmers training Audit Audit for completed completed organic for Farms for Factories farming

Progress so far.. Jan Feb March Projects 04 - 07 575 female Initiative staff Launched Olam WIL! Annual 200 To be Olam YES! student students executed scholarship Cổng Làng in Q3 New Site location Proposed govt for Cooperative finalized opening co-op office/ buying station Survey Activity paused due to Covid

Progress so far.. Jan Feb March Projects 08 - 10 20,000 ml To be of blood completed Blood Donation Completed collected Camps for 1/5 till date for 3/5 location by locations Q2 Olam Rise! Nutrition Enrichment Pilot Project Program for children study launched of 5-12 age group in Phu Yen Olam Housing Facilitate with To be launched Program house in Q3 construction/ refurbishment



Farmer Livelihood & Proceedings of AtSource Audit by external Supply Chain agency for Cashew Plantations – Q1 2021

Farmer Livelihood & Sustainable Supply Chain On track Project need Implementation scale • EN VN had run a pilot activity few years ago, to increase the income prospects through premium pricing for cashew farmers. In 2020, we implement this project in all buying station in VN, Cambodia. • Organic farming was the first step for this initiative. We have expanded same approach through Fairtrade farming in 2018 and Activities AtSource in 2020. We are kept on increasing the number of farmers and their incomes continuously. Jan Feb-Mar Q2 • In 2021, Olam Cashew will inculcate the new certifications like Organic Organic Audit for AtSource Naturland, Demeter. These new certifications will help to make a Audit for strong sustainable supply chain with special emphasis on social and farms factories Audits economic growth of the partnered farmers, community, and the biodiversity. Impact Budget Activities planned will impact 2500 farmer families. Total reach will be to 10,000 people. Cost for this project will be taken by the BU. Focused SDGs

Manual process of making raw nuts fall from the cashew tree

Project “Cổng Làng” On track Project need Implementation scale • A most critical need for a thriving community consists of economic opportunity, healthy and safe existence of the society. The villages In 2021, we will setup 2 Cổng Làng Units in 5 villages part of 2 are at lower end of development cycle, accelerating the development in cooperatives i.e. Duc Co, Ia Garai those makes maximum impact. Activities • With this project, we focus on building our physical presence through development of village community houses with basic infrastructure of March-April May - Dec July-Aug drying yards, trading desk, co-op office etc. Build drying yard Farmer Training Free of cost • Most primarily, the famers can sell their farm produce directly to end along with on GAP, Seedling customers at competitive prices. Through this we can establish trading desk & Occupational Distributions strong communication, and implement most of our development co-op office Safety etc. programs for sustainable supply chain. We call these units as “Cổng Làng”, meaning “Gate to Village”. Impact Budget Activities planned will impact 1000 farmer families in each location. Total reach will be of 5,000 people through this project. Total project cost will be $40,000 Focused SDGs:

Crop buying activity taking place in the Ia Grai Co-operative

New Cooperatives On Hold Project need Implementation scale • Olam has executed multiple cooperatives structure in its buying area previously. We have realized it is a very efficient way of doing the In 2021, this project will be implemented in 2 villages of Cambodia. business while reaching out to the farmers with multiple beneficial schemes to the farmers family and the community around. Activities • EN VN finds such a approach as most sustainable form of supply chain March-June May - Sept Dec & fully traceable products. We want to leverage on our previous experience and setup more cooperatives in Cambodia region. Do survey for the Reach out to the Initiate the location selection farmer and cooperatives necessary approval agencies Budget Impact Total project cost taken by the BU. Activities planned will impact 1000 farmer families in each location. Total reach will be of 5,000 people through this project. Focused SDGs

Employees, Community & Environment A commitment to better future

Olam YES! On track Project need Implementation scale • Olam wants to extend the roots of supporting its employees through all possible means every year. In 2020-21, this project will be implemented in all EN VN factories, namely Quy Nhon, Phu Yen, Pleiku, BH, TN, CPC, and Ducati. • Education is the first most basic right of the children. EN VN will support its employees who are financially challenged, or Activities Oct their children are specially-abled - with scholarship Aug equivalent to 1 year of academic fee. Event launch Scholarship distribution • Olam YES! will see 2nd year of its implementation now, after Impact at each the successful implementation in the last year. factory Budget Impact 3500 Olam employees and their family. In 2021, Olam YES! will provide scholarship to around 200 students. Total project cost is $30,000 Focused SDGs:

Olam WIL! On track Project need Implementation scale Olam WIL! - Women in Leadership This project will be implemented in all EN VN factories EN VN over last 10 years has focused on bringing equal ground to female employment: more than 75% of female out of total of 3500+ Activities employees. In coming 5 years: Engage the team through March April May-Sept Oct • Different skill development activities Launch Event • Leadership coaching and career growth trainings Shortlist Trainings on Selection Target is to promote 30 female leaders YOY basis through this of WIL! skill of program among 575 female supervisor & above staffs. fellows development potential and leadership candidate Budget Impact Total project cost is $20,000 Activities planned will impact 3500 Olam employees Focused SDGs:

Blood Donation Camps On track Project need Implementation scale • Because of the Covid-19 pandemic, blood collection through donation camps came at halt due to long lockdowns. This All BUs will implement this program in their factories & office. irregularity caused the depletion of reserve quantities. Activities May • EN VN community would like to contribute to get over this deficit by organizing multiple blood donation camps. April Organize the event for blood • We have successfully collaborated with Red Cross for this Collaborate donation at each event. with a blood location bank Budget Impact Total project cost is $15,000 Activity planned will target to generate collection of 100,000 ml of blood Focused SDGs:



Solar Street Lights On track Project need Implementation scale • In our response to climate change, reducing carbon footprint comes out as a foremost step, which can help the We will install 500 solar streetlights in the three selected villages. environmental sustainability. Activities April - June • We will be providing with solar streetlights in the village area where our farmers & employees commute. This will also enable Mar - May Finish for easy movement in the night time, ensuring road safety for Finish for village 1 village 2,3 the community. Impact Budget Activities planned will impact lives of 3 village community. $60,000 will be spent on this project Focused SDGs:

Farmer family in the Gia Lai province of Vietnam

Olam Housing Program On Hold Project need Implementation scale • Olam will help to provide with a house to the needy family. • A safe place to stay is a most basic necessity for the We plan to build 10 houses in our active community areas. growth of the family. We would like to help the community Activities with this cause. • We foresee a long lasting impact of this activity for the overall July Aug-Oct Oct-Jan development of the family and their coming generations. Shortlist people in Make 5 Make 5 Budget need with help of houses houses province labor $40,000 will be spent on this project. union Impact Activities planned will impact lives of village community Focused SDGs

Farmer Children attending the school in the cashew growing region

Education Infrastructure On track Project need Implementation scale • Requisite infrastructure is a very important requirement for quality education and overall mental, social, and physical development of In 2021, this project will be implemented in three schools nearby children. Olam EN locations. Olam will be helping 3 schools in this year. • We will be providing the library for secondary school, playing Activities equipment’s for kindergarten, and public recreation center along with a community house in the village. March-April May - Nov Budget Partner with Implementation of the government schools project Total project cost is $60,000 Impact Activities planned will impact 5000 children for coming more than 10 years Focused SDGs

Farmer Children in the cashew growing area of Vietnam

Olam Rise! “Nutrition Enrichment Program” Pilot Study Project need Implementation scale • As per UNICEF: “Vietnam is home to 1.8 million under-5 who suffer from the condition (malnutrition) and are at risk of • In 2021, this project will be implemented as a pilot project in one permanent physical and brain damage”. school nearby Olam EN locations. • The studies have also found that 23.8 percent of children under • Olam will help these schools by providing different nuts and other the age of five are stunted or malnourished. Looking at above food supplements. Nuts are great health supplement, and poised to numbers, EN VN would like to contribute to the mission of be most sought after for overcoming nutrition deficiency. Vietnam Government to solve the issue of children nutrition enrichment. Activities Budget Mar- April May - Dec Total project cost is $10,000 Partner with Monthly supply of nuts and government schools other food supplements Impact Activities planned will impact 100 children over a period of 1 year Focused SDGs

Safer community due to streetlights in village Testimonials Ms. Ro Lan Chi Farmer Duc Co “ I am a cashew farmer in the Duc Co Costco town. My family grow cashew in farm for many years now. I have done business with Olam many times. They always help us to get good prices for the crop and also help us for various development activity in the village. Last month, they provide us with the gift of streetlight run by solar energy. These streetlights are very helpful to us and our family. Now we feel very happy because we can take care of our farms and we can visit the farm at any time we wish. I wish the children and family can ”take benefit of this and be happy because they can get to play at the night time freely.

Benefit of Cooperative structure in cashew procurement Testimonials Mr. Loc “I am very closely associated with Olam for more than three years now. The Head of Duc Co Farmer Cooperative approach with which Olam works make them very unique. All the farmers always want to work with Olam to sell their cashew produce every year. In beginning of year, company Costco and Olam start a new project in our village to help the farmers and the local people of village. With this project farmers can get benefit from the training for good farming, children can benefit for education, and farmer family can get higher income. ”We want to thank Costco and Olam to start this initiative which is helping lives of so many people in the village 35

Enabling women leadership at workplace Testimonials Ms. Linh “ Before starting my career at Olam, I was always worried about the HR Executive, challenges, first is family responsibilities, second is inexperience and lack of Olam Phu Yen leadership skill. Not only me, these types of obstacles stifle a woman’s desire to strive for a leadership position in the organization. Luckily, my first concern was soon resolved, since Olam provided me with good work-life balance. I am very excited and encouraged to see this initiative. As an HR executive, I not only look forward to be part of this initiative but also pleased to share this initiative with the fellow colleagues. ”I am sure with this project - Olam WIL! will give new wings to my career aspirations!

TestimonialsHigher income because of trainings“I have cashew farms here in the Ia Grai region. I am involved in the cashew farming for more than Mr. Puih Thinh 10 years now. Olam buys from the farmer in my Farmer, region and I supply to them for some years now. Ia Grai Recently I got involved with the Olam farmer training program arranged in my village. The training focuses on the post-harvest activities. Olam called the agricultural experts to host a training for many farmers of the village. After the training I got more awareness for the good practices for post-harvest. I know more about the importance of sun drying, good storage conditions on the quality and the price of the crop. ”The training benefit me to earn additional 5% revenue than before. 37

A second chance to make dreams come true.. Testimonials Ms. Thuy “ Olam YES! Fellow Phu Yen ”





Team - CSR Edible Nuts Vietnam – combined team experience of over 50 years Shajan Thomas Shajan has worked in the SE-Asia region for about 25 years now, working in multiple Agro-commodities. He has been involved in Cashew Operations for a more than 15 years within Olam International. Dang Thi My Chau Chau has been an integral part of Cashew Operations of Olam Vietnam since 2010. She has actively worked with the farmers in central Vietnam to bring about multiple benefiting initiatives. Nikhil Chaudhary Nikhil has spent about 5 years working in Olam across various nuts. He works closely with the initiative pertaining to the employees & community sustainability. Kulhans Singhvi Kulhans leads the operations for procurement and farmer sustainability for about three years now, and has been a key change-maker on how sustainability can be an focal point of our procurement operations. Duong Van Thanh Thanh is an sustainability expert majoring his education in agriculture. He has been working with Olam for over two years now and spends most of his time connecting & supporting the farmers.

Unlocking the long term value and driving sustainable growth