Letter of the Executive Committee

Our Executive Committee is comprised of nine directors: Peter van Mierlo, Linda Broekhuizen, Fatoumata Bouare, Peter van Mierlo, Linda Broekhuizen, Fatoumata Bouare, Peter van Mierlo, Linda Broekhuizen, Fatoumata Bouare

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About this report

FMO’s integrated annual report was prepared following the principles of the Integrated Reporting framework of the International Integrated Reporting Council (IIRC) and in accordance with the 'core option' of the Global Reporting Initiative (GRI)

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Stakeholder dialogue

We are aware that FMO operates in a network of organizations and civil society. In this network, our decisions have an impact on others and vice versa.

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Material topics

In 2018, we carried out a materiality survey following the standards of the Global Reporting Initiative. This resulted in 14 topics, ranked by FMO’s key stakeholders in order of importance, and degree to which they believed FMO had an impact.

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Stakeholder engagement on material topics

The following table provides an overview of our key stakeholders, which topics are most material to them, how we engage with each and how this engagement contributes to realizing our long-term objectives.

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Connectivity table

The table below links the material topics to our key performance indicators, targets and performance.

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External environment

2019 was a year of civil protest, political tension and economic uncertainty in which we saw the world’s two prime challenges – climate change and inequality – become even more pressing.

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Our business model

Since 1970, FMO has made a positive difference in developing countries by empowering entrepreneurs to build a better world.

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Our value creation model

Our value creation model is based on the International Integrated Reporting Council's reporting framework.

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Value creation process

Our value creation starts with human, intellectual, financial, social and relationship capitals, known as ‘inputs’:

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