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Driven by its purpose - Cultivating a shared future for the Earth and People by meeting essential daily needs - the Tereos cooperative group processes plant raw materials (beet, wheat, corn, sugar cane, alfalfa) and supplies essential commodities such as sugar, ethanol, alcohol and starch products.
 
Every day, Tereos is everywhere in our lives, meeting the essential needs of our daily lives.

On Thursday September 5, 2024, the foundation stone was laid at the Origny-Sainte-Benoite (02) sugar refinery-distillery site for a Solid Recovered Fuels (SRF) boiler plant, the only one of its kind in the Hauts-de-France region. From 2027, this future facility will enable 40% of fossil gas consumption to be replaced by energy generated from non-hazardous waste.
This boiler facility will process non-hazardous, non-recycled waste (wood, paper, cardboard, plastics, foam, etc.), most of which is currently landfilled. The benefits of this installation are many: contributing to a more sustainable industry, optimizing the waste recovery circuit, reinforcing the competitiveness of the Origny-Sainte-Benoite site.
 
“The decision to install this SRF boiler facility at our Origny-Sainte-Benoite site bears witness to our cooperative's commitment to transforming its energy approach. It is in line with our decarbonization approach, which aims to reduce our carbon emissions in Europe by 65% by 2032, and to achieve net zero emissions by 2050. Leading this ecological transition is essential if we are to rethink a sovereign model that creates value for our cooperative members, meets the needs of our customers and helps the territories in which we operate to meet their environmental challenges.” - Olivier Leducq, Managing Director

“All our targets have been achieved, making Tereos a healthy cooperative that does what it says and says what it does. Not only have we returned to growth, but it is now part of a long-term cycle”. Gérard Clay, Chairman of the Board of Directors.
With record revenues of €7.14 billion, up 9% vs. previous year, Tereos has demonstrated the resilience of its business model and the relevance of its sustainable development strategy. Day after day at Tereos, we cultivate the future.
Find out more about our activities and our responsible commitments in our 2023-2024 annual report.

A look back at 3 years of efforts undertaken as part of a transformation strategy that is now bearing fruit.
Our financial performance has set a new record, and we can look to the future with confidence and boldness.
You can also read our harvest reports and the key actions we have taken over the past year to provide a distinct response to the environmental changes we are seeing in our fields, the new expectations of our customers and consumers, and the social challenges represented by employment, safety at work and diversity.

Message from Tereos following the judgment rendered by the Court of Lille on 12 January 2023 concerning the incident at the Escaudœuvres site in April 2020
"We have taken note of the Court's decision, which followed the Prosecutor's recommendations, except for restoration as it did not sentence Tereos France to do so under penalty. The Court therefore considered that Tereos had already undertaken actions to restore the environment.
However, it is regrettable that the Court did not consider the elements put forward by the defence regarding the unique and unprecedented nature of this incident, and the multiple causality and chain of responsibilities.
We will analyse and examine this decision to determine the next actions to be taken or not."

[SPANISH VERSION BELOW] The distinction is a recognition of the organization's commitment to social responsibility and sustainability and is the result of the work of years by all the people who take part in Tereos.
The actions carried out by Tereos-Zaragoza during the past year are included in our "Sustainability Report 2021" This report contains interesting information: it includes contributions from all departments and gives a complete global vision about our contribution to the society and the environment.

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Tereos cuenta con el Sello de Responsabilidad Social de Aragón. La distinción supone un reconocimiento del compromiso de la organización con la responsabilidad social y sostenibilidad y es el resultado del trabajo durante años por parte de todas las personas que formamos Tereos.
Las acciones realizadas por Tereos- Zaragoza durante el año pasado se recogen en nuestra “Memoria de Sostenibilidad 2021” Esta memoria contiene información interesante: incluye contribuciones de todos los departamentos y da una visión global bastante completa sobre nuestra aportación a la sociedad y medioambiente.

Progress report on the Group's strategy to build a culture of performance.
Tereos' annual report for 2021/22 was distributed to the elected cooperative members during the Group's General Meeting, on June 23. It provides a review of the past year for the Group's Sugar & Renewables Europe, Starches & Sweeteners, and Sugar & Renewables International business units. It also sets out the strategic orientations for the coming year: a commercial strategy that favors value over volume, operational and industrial excellence, and the simplification of our organisations.

Spotlight on the measures implemented at Tereos in support of Ukrainian refugees
Following Russia's invasion of Ukraine last February, nearly 11 million civilians have already been displaced to escape the assaults. Towns and villages have been completely or partially destroyed. Faced with this critical humanitarian situation, an outpouring of global solidarity immediately took hold - the Tereos Business Units closest to the theaters of operation also reacted. 

The Group donates sugar and hydroalcoholic gel 

At the request of the Hauts-de-France Chamber of Commerce and Industry (CCI), the Tereos Sugar France factory in Artenay donated 2 pallets of Béghin-Say sugar sticks. They were first stored near Origny-Sainte-Benoite, on a dedicated platform. All kinds of foods are kept there before being sent to Poland where they will be distributed to Ukrainian refugees. 
Eight pallets of sugar were also donated to the SOLAAL association, which specializes in coordinating donations from the agricultural and food sectors to food aid associations. The redistribution of our sugar will be done in France, via SOLAAL, at the Red Cross, Food Banks or Restos du Cœur. 

In addition, in response to a need expressed by the French National Civil Protection Federation, the Group donated 320 liters of Gel Hydro by Tereos©. Most of this disinfectant gel is intended for Ukrainian refugee camps in Poland, but a small part will be redistributed in France, to reception centers for Ukrainian refugees. 
Employees provide food and necessities 
Same dynamic in the Czech Republic, at Tereos TTD. “Following the call from the municipality of Mladá Boleslav, a town located a few kilometers from our factory in Dobrovice , we collected infant food, first aid kits, blankets and sleeping bags, as well as hygiene products and clothing ,” says Jakub Hradiský , the local communication and CSR manager. In addition, the BU donated sugar, disinfectant, and medical equipment. These donations will be divided between Ukraine and Czech Republic. 

Hosting a family at one of our sites in France 
Finally, when 35,000 Ukrainian refugees had already arrived on French soil, in mid-April, the management of the Boiry site decided to welcome a family who had fled the bombardments. Specifically, it is housed in a vacant house within the factory walls. This “director's house” has individual access and now accommodates 6 people: 1 mother and her 4 children, as well as her nephew. Two people should join them soon, but are still held back in Ukraine. This action was carried out hand in hand with the association Svoboda Ukraine, located in Behagnies (62121), 10km from Boiry. 

To address current environmental and societal challenges, Tereos is consolidating its circular economy model by reviewing the use of its agricultural raw materials and the waste coming from them.
Due to economic and demographic shifts, our society is facing significant challenges: the depletion of fossil resources (coal, oil and natural gas), the fight against global warming (which involves reducing greenhouse gas emissions, among other things), and high consumer expectations for healthier and more sustainable products. Plant chemistry provides several ways in which we can address these challenges. Explanations. 

A new step in its commitment started in 2015, Tereos presents
its Sustain’2030 programme. 5 pillars to help build a more sustainable agriculture, industry and society.

For the past seven years, Tereos has been developing concrete actions to make all its activities more sustainable. This includes having 60% of its agricultural raw materials certified, integrating 50% of renewable energy into its energy mix, and being "gold" rated by the EcoVadis label, which evaluates companies on their environmental, ethical and social actions and their responsible purchasing.
In 2022, the Group intends to go even further and is embarking on a new stage of its sustainability plan. Baptized Sustain'2030, it is in line with the evolving issues of climate and the environment. Faced with changing consumer expectations in terms of food and energy and faced with societal challenges such as employment or diversity, Tereos has answers to provide.
In consultation with all of its Business Units (agricultural departments, plant employees, R&D experts, sales teams), our cooperative has defined 5 pillars to which it is committed. These pillars set a course and define the methods we wish to adopt in order to achieve quantified objectives. They respond to our willingness: continue to produce plant-based ingredients at the highest level of quality while taking care of the planet and those around us.

Our ambition: improve farm performance and ensure sustainable outlets for our cooperators.

 
Our ambition: contribute to the protection of biodiversity (pollinators and endemic species) and optimise the management of our resource
 


Our ambition: promote energy efficiency, low-carbon energy and optimise water consumption in our plants.
 
Our ambition: become a partner of reference for our customers on nutritional reformulation and promote responsible consumption through a sugar education program.
 
Our ambition: ensure safety and well-being at work of our employees and partners; promote diversity and guarantee gender equality; and support local development through our industrial presence and raw materials from local agriculture.

 
Discover all our quantified objectives in the detailed presentation of the strategy. This Sustain' 2030 plan is being progressively deployed and implemented throughout the Tereos value chain: in the field, in the factory, at our tertiary sites and in our logistics operations, right up to our customers.

Revenues of €1,345 million in Q3 21/22, up 17% at current exchange rates, supported by positive ethanol and sugar prices and activity in the starch segment. Over the first 9 months of the financial year, revenues totaled €3,544 million (up 11% at current exchange rates).
EBITDA of €223 million in Q3 21/22, up 65% at current exchange rates. Over the first 9 months of 2021/22, EBITDA totaled €424 million (up 14% at current exchange rates).
Debt leverage stood at 4.9x (vs. 5.5x at March 31, 2021). Net debt of €2,524 million at December 31, 2021, stable compared to its level at March 31, 2021 as a result of positive cash flow from operations.
The beet campaign in Europe ended in late January with volumes and yields in line with average levels for the past five years. 
 Tereos confirms its EBITDA target of between €600 million and €700 million on a 12-month rolling basis to September 30, 2022. EBITDA on a 12-month rolling basis to December 31, 2021 stood at €516 million.

Gwenaël Eliès appointed interim Chairman of the Management Board
At its meeting of February 7, 2022, the Tereos SCA Supervisory Board unanimously decided to accelerate the Group's transformation initiated in December 2020, which is based on three areas of value creation: Managerial Excellence, Commercial Excellence, and Industrial Excellence. 
Over the past 12 months and under the impetus of Philippe de Raynal, Tereos has implemented a new strategy which has resolutely engaged the Group on the path of financial recovery. The phase that is now beginning aims to deliver the operational priorities expected in the short and medium term thanks to a more agile and targeted execution. 
As such, the Supervisory Board entrusts the interim chairmanship of the Management Board to Gwenaël Eliès, replacing Philippe de Raynal, who is leaving the company. Pending the arrival of a new manager, Gwenaël Eliès will continue to perform his duties as Group Chief Financial Officer. 
Gérard Clay, Chairman of the Supervisory Board, said: “With the support of Gwenaël Elies, Philippe de Raynal has initiated an ambitious roadmap designed to restore Tereos' profitability, engage its debt reduction and strengthen its commercial positions. Much remains to be done to restore Tereos to its rightful place, and the next Chairman of the Management Board will have the task of enhancing this dynamic.” 

Green chemistry: Learn about the process of transforming our fructose into 100% bio-based recyclable packaging.
At the end of 2021, Tereos and Avantium Renewable Polymers signed a strategic supply agreement. The Group will supply 100% of the wheat-derived high-fructose syrup (F95) that Avantium requires to manufacture FDCA (furandicarboxylic acid). FDCA is a monomer that acts as a key building block for producing bio-based polymers such as PEF (polyethylene furanoate). This is leading to a gradual phasing out of petrochemical plastics, such as PET (polyethylene terephthalate). 
Tereos supplies the key ingredient in Avantium's sustainable packaging 
The agreement between the two companies currently provides for the supply of 5,000  tons of high-fructose syrup, known as "F95". This product is already listed in Tereos' product portfolio. It enables the Group to set itself apart from many competitors thanks to its excellent management of manufacturing processes with outstanding quality.  
Avantium: A pioneer in the renewable chemistry sector 
After running a pilot plant, Avantium is building a new industrial unit for the manufacture of sustainable plastics.