As part of SHV, Nutreco is committed to achieving the highest standards of ethics and acting with integrity, in line with the law and relevant policies. Every day, we strive to do business in a compliant and ethical way, consistent with Nutreco’s culture of shared values, which has never tolerated – and will never tolerate – unethical behaviour.

Consequently, we believe our obligation as a responsible taxpayer is to comply with the tax legislation of the countries in which Nutreco operates and pay the right amount of tax at the right time. We not only comply with the letter of the law, but also with its spirit.  

At Nutreco, we use business structures that are aligned with business activities and only driven by commercial considerations. We make use of tax incentives, where they are aligned with business activities and operational objectives, generally available to all market participants and specified by law. Nutreco pays tax on profits according to where value is created within the normal course of its business activities.

We do not use aggressive tax planning strategies or tax havens to minimise Nutreco’s tax burden. The transfer pricing of intercompany transactions is done in accordance with the arm’s length principle developed by the Organisation for Economic Co-operation and Development (OECD) and is applied consistently. We maintain an open and constructive dialogue with tax authorities based on transparency, trust, honesty, integrity and respect. 

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