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        SUSTAINABLE DAIRY RDI

        Signature(s)

        Amount
        € 150,000,000
        Countries
        Sector(s)
        Germany : € 3,000,000
        Belgium : € 7,500,000
        The Netherlands : € 139,500,000
        Industry : € 150,000,000
        Signature date(s)
        22/12/2021 : € 3,000,000
        22/12/2021 : € 7,500,000
        22/12/2021 : € 139,500,000

        Summary sheet

        Release date
        3 January 2022
        Status
        Reference
        Signed | 22/12/2021
        20210039
        Project name
        Promoter - financial intermediary
        SUSTAINABLE DAIRY RDI
        KONINKLIJKE FRIESLANDCAMPINA NV
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 150 million
        EUR 360 million
        Location
        Sector(s)
        Description
        Objectives

        The project entails the financing of Royal Friesland Campina's research, development and innovation (RDI) programme in the Netherlands, Belgium and Germany for the 2021-2024 period, covering the areas of nutrition, dairy physics and chemistry, packaging, process technology, cheese technology, food sensory properties, farm sustainability and digitalisation.

        The operation concerns the financing of Royal Friesland Campina's RDI program, covering the areas of nutrition, food structure, packaging, process technology, food sensory properties, farm sustainability and digitalization. The activities will be carried out predominantly in the Netherlands between 2021 and 2024 by a leader in the dairy sector in the EU.

        Additionality and Impact

        The project entails the financing of Royal FrieslandCampina's RDI programme in The Netherlands, Belgium and Germany for the 2021-2024 period, covering a number of areas, from nutrition, to packaging, from farm sustainability to digitalization.

         

        The programme will help RFC build up long-term science competitiveness in line with its sustainability strategy, which is inspired by the United Nations Sustainable Development Goals. The project follows the EU policy orientations towards the promotion of research and innovation on sustainable food systems, falling under Cluster 6 of the Horizon Europe Programme: "Food, Bioeconomy, Natural Resources, Agriculture and Environment".

         

        In line with EU and EIB policy objectives of competitive innovation, the project generates knowledge, environmental and health externalities that are not fully covered by future sales revenues. Important economic benefits of the project are increased sustainability and CSR at the levels of sourcing, processing, and health and well-being of consumers and the wider community. Having RDI directly focusing on carbon neutral, circular packaging, and sustainable sourcing contributes to reducing the footprint of dairy industries. As a result, the project is considered Paris aligned, contributing to climate action and environmental sustainability.

         

        The Bank's financial contribution largely stems from the flexibility of customized terms provided, in terms of the tenor, grace periods and drawdown conditions. This flexibility is complemented by the advantageous financial offer and the Bank's ability to act as a stable financing source for the company.


        Environmental aspects
        Procurement

        The project concerns investments in research and development that are expected to be carried out in existing facilities, already authorised, and which would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU as amended by Directive 2014/52/EU

        The promoter is a private company not operating in the utilities sector, and is thus not covered by EU directives on procurement.

        Disclaimer

        Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
        They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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