Fonterra Co-operative Group Ltd (Fonterra) is a dairy company that produces and sells milk and milk-derived products. It is owned by over 10,000 farmers and serves one billion consumers and food service providers in more than 140 countries worldwide.

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Fonterra has undertaken several R&D initiatives, including the launch of Dairy Detective, a generative AI platform developed with Microsoft New Zealand to unlock nearly 98 years of in-house research. This tool provides secure, instant access to over 19,000 documents from the Dairy Search knowledge bank, helping researchers locate data, summarize findings, and explore related materials quickly. The company is also focused on climate-resilient dairy farming, on-farm emissions reduction, and manufacturing process improvements. Additionally, Fonterra is investing in new businesses and technology through the Ki Tua Fund and collaborating through in-market application centers and R&D partnerships. The R&D unit of Fonterra is the Fonterra Research and Development Center. This unit is responsible for managing the company's R&D activities by providing a vast knowledge base and facilitating secure access to research documents, thereby enabling faster progress across innovation-focused projects. In FY2025, the company incurred expenses of NZD103 million on R&D, which as a percentage of revenue, stood at 0.4%.