Embedding ESG
In 2011, FMO took steps to further embed sustainability in the
organization. Board members sought to enhance awareness of the
importance of embedding sustainability by addressing ESG issues,
and stressing FMO's commitment to sustainability, in presentations
and speeches at quarterly staff meetings.
The management team of our Financial Institutions department
successfully concluded the three-week United Nations Environment
Program training. Through training offered by FMO, employees
participated either in corporate governance or ESG training.
FMO appointed 2 new Environmental and Social (E&S) specialists,
making sure every front office department has at least one ESG
expert available to advise staff on client-related ESG issues. The
total number of E&S specialists at FMO increased to 13 FTE from
11.
Our ESG criteria including for example
human rights issues are embedded in our investment criteria and
exclusion list. These are available on our
website.
Our goal for 2012 is to further embed
corporate governance into FMO's own processes.