Letter of the Management Board
In July 2020, we celebrated FMO’s 50th birthday. Hundreds of colleagues joined the online celebration in which we commemorated half a century of empowering entrepreneurs to build a better world.
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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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Every year, we confirm our material topics with our stakeholders through a survey and regular stakeholder dialogue.
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The material topics resulting from the 2020 materiality assessment are included in the following connectivity table.
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Our markets have faced record-breaking capital outflows1 and recessions as a result of COVID-19, which has reversed some of the progress made in the past two decades towards reducing poverty and inequality.
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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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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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Value creation process
Our value creation starts with human, intellectual, financial, social and relationship capitals, known as ‘inputs’:
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Potential risks and opportunities
FMO has identified several potential risks and opportunities linked to its value creation model, in the context of external developments, as follows:
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Our investment process
Before we invest and during the investment period, we carefully research the financing opportunity and assess its impact on the environment, employees and workers, communities and other stakeholders.
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