Potato Starch manufacturer Royal Avebe wins first DACT Treasury Award

After an exciting battle, the winner of the DACT Treasury Award 2020 has been announced. Avebe received the most votes from the members of the Dutch Association of Corporate Treasurers (DACT). ASML and Royal Schiphol Group came second and third respectively.

The DACT Treasury Award is being presented for the first time this year. DACT members were able to nominate financial projects and transactions for this election. All entries were judged on several criteria: Innovation, Inspiration and Environment, Sustainability & Governance.

A jury of various professionals from the field ultimately singled out Avebe's project 'Refinancing 2020 linked to sustainability'.

From the jury report:

“Directly linking ESG targets to the credit margin makes Avebe one of the leaders in this market. That is why Avebe is the rightful winner of the DACT Treasury Award.”

Rob van Laerhoven, Avebe's CFO:

“In 2019, we launched our Binding and Building 2.0 strategy – the next step towards more value for our growers, customers, employees, and the society we form part of. We seek a balance between financial and economic results for our members and making our business operations more sustainable. This award is a recognition of the strategic direction we have taken.”

With this annual Award, DACT is setting out to showcase exceptional achievements in the treasury area, while at the same time bringing the field and activities of treasurers to the attention of a wider audience. Orchard Finance supported Avebe in this refinancing.

Nicolai Knop, Debt Advisory Partner:

“The link with the sustainability strategy is a good example of a successful collaboration between the Treasurer, Hans Miedema, and the Director of Sustainability, Peter-Erik Ywema of Avebe and the sustainability experts of ABN AMRO, Floor van der Heijden and Rabobank, Maarten Biermans.”