FMO 2021

Annual Report

Resilience during times of change

Resilience during times of change

“In 2021, we took further steps to serve our customers and markets better in the future. Building on the skills and knowledge of our highly diverse staff, we see a solid basis for growth. As a regulated and accredited entity, FMO will be a key driver of change, mobilizing much-needed funds to achieve the SDGs. To be truly transformative in our impact, we will be bold, take risks, be innovative and try out different models - while we continue to transform ourselves as well. We look forward to partnering with all our stakeholders on this worthwhile endeavor.”

Letter of the management board

OUR IMPACT

Decent Work & Economic Growth

We invested €1.9 billion in developing and emerging markets on FMO’s own books and through public and mobilized funds. Our outstanding portfolio resulted in an estimated 644,000 jobs supported.

Reduced Inequalities

We invested €714 million in reducing inequalities: €283 million in companies and projects in least developed countries and €540 million in inclusive businesses, focusing mostly on microfinance, women-owned SMEs and smallholder finance.

Climate Action

We invested €544 million in Green projects such as renewable energy projects, sustainable agriculture, forestry and Green credit lines. FMO’s current portfolio resulted in a yearly estimated 1,329,000 tCO2e avoided GHG emissions.

Empowering women entrepreneurs through adapted and accessible (non-)financial services

Fin’Elle/Cofina Group, Microfinance Institution in Ivory Coast

SDG 5 | 8 | 10
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OUR VISION

We believe in a world in which, in 2050, more than 9 billion people live well and within the means of the planet’s resources.

OUR SDGs

OUR MISSION

We empower entrepreneurs to build a better world.

STRATEGIC GOAL

Your preferred partner to invest in local prosperity.

OUR STRATEGY

  • Higher
    Impact Portfolio

  • Deeper
    Relationships

  • Higher
    Productivity

OUR MARKETS

  • Agribusiness, Food & Water

  • Energy

  • Financial Institutions

OUR VALUES AND BEHAVIORS

Making the difference

We are courageous and entrepreneurial

We create value for all our stakeholders

We accelerate sustainable development

Diversity

We respect differences and listen

We embrace dilemmas

We include multiple perspectives

Quality

We communicate expectations and share feedback

We learn, professionalize and innovate together

We are accountable and support clear decisions

Integrity

We are responsible and compliant

We are transparent and build trust

We are true to our vision and mission

Where we invest

Total committed portfolio €9.7 billion

Note: committed portfolio consists of €8.3 billion for FMO and €1.4 billion for public funds

Features

Features

Reduced inequalities - reaching the underserved 

Inequality hinders social and economic development. Our financing is aimed to create greater social and economic inclusion and create opportunities for currently un(der)served groups such as the un(der)banked, smallholder farmers, youth, women, migrants and refugees.

Read more about: Reduced inequalities - reaching the underserved