Higher productivity

In order to maximise our impact, we believe we should maximise our productivity. In 2017, FMO embarked on an ambitious and comprehensive process of organisational change. We are optimising our business processes to improve our client offerings and provide faster service to our clients. In addition, we are strengthening our decision-making and fostering effective collaboration, especially between our sector departments, syndications and capacity development departments. We are also promoting clear roles and responsibilities and investing in digital tools to strengthen processes.

In € million unless stated otherwise

Be the preferred partner to invest in local prosperity


Material aspects

Key performance indicators

2018 targets

2018 performance

Higher impact

Development impact through responsible investing

Total investment volume



of which


For FMO's balance sheet



Government funds



Catalysed funds



Reducing inequalities (% of total)



Environmental footprint of FMO’s investments

Green (% of total)



Promote ESG best practices

ESG target performance (% of risks managed)1



Human rights

New admissible complaints received


1 new complaint received

Deeper relationships

Development impact through responsible investing

Catalysed funds



Client satisfaction (NPS score)



Employee engagement



NL Business 



Transparency & accountability of FMO’s activities

Score in latest Transparency Benchmark


191 points (out of 200; TB 2017)

Business integrity of FMO

Major incidents reported of FMO employees involved in bribery, corruption or other integrity issues


Zero major incidents reported

Higher productivity

Financial sustainability and risk appetite of FMO

Operating income 



  • 1 Target applies to high-priority ESG risks related to new clients contracted in 2017 where FMO was in the lead

FMO in its mobilizing role

Meeting the SDGs will require an additional global investment of $2.5 trillion per year and it will require an additional $13.5 trillion to implement the COP21 Paris climate accord. This cannot be done without crowding in private sector finance. FMO is committed to using its own balance sheet to catalyse more from commercial investors and attract additional public funds. Public funds de-risk the private sector’s entry into projects and markets. In 2018, FMO has further enlarged its platform function for public and private investors. The mandates of Access to Energy Fund (AEF) and Infrastructure Development Fund (IDF) were renewed and the accreditation with the Green Climate Fund was finalized. In addition, FMO will also manage the NASIRA risk-sharing facility in partnership with the EU. FMO facilitates the following public and private investor platforms: 

  • Public funds and programs for the Dutch government (e.g. MASSIF, IDF, AEF), EU (NASIRA), and other public parties such as the Green Climate Fund (GCF);

  • Funds managed on behalf of EDFI like ElectriFI and AgriFI (both funded by EU);

  • All the commercial investment funds we have developed, such as the ACTIAM-FMO SME Finance Fund, FMO Privium Impact Fund, and NN FMO Emerging Markets Loan Fund;

  • Investment platforms such as Arise and Climate Investor One, which FMO initiated. 

Throughout this report we report aggregated figures for the impact realised through the investments we make from our own balance sheet as well as the different funds and programs that we invest on behalf of other parties (government funds and catalyzed funds) unless otherwise specified.

Cooperation among European DFIs through the EDFI association

EDFI, the Association of European Development Finance Institutions, was founded in 1992 and currently has 15 member institutions. EDFI member institutions are focused on the development of private sector enterprises and operate in emerging and frontier economies. They are mandated by their governments to contribute to the SDGs by creating jobs, boosting growth, and fighting poverty and climate change. Although EDFI members have slightly different mandates and strategies they are guided by a common vision: To improve people’s lives – for current and future generations – in the world’s poor places through the engine of private sector growth.

For more on our cooperation through the EDFI association and its financing facilities please visit our website.

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