About this report
This integrated annual report covers activities that took place or had an effect on the reporting year. The report covers the period from 1 January to 31 December 2021 and was published on 16 March 2022, on FMO’s website. The annual shareholders’ meeting is scheduled to be held on 28 April 2022.
The integrated annual report is accompanied by two supplemental reports: 1) disclosure in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and 2) disclosure in line with our commitment to the Principles for Responsible Banking (PRB).
Presentation of information
This annual report of Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) has been prepared in accordance with International Financial Reporting Standards as adopted by the European Union (IFRS-EU) and with Title 9 of Book 2 of the Netherlands Civil Code. In addition, FMO has prepared non-financial information following the principles of the Integrated Reporting <IR> Framework and in accordance with the GRI Standards: Core option.
FMO is subject to the structure regime as intended in Part 4, Book 2 of the Dutch Civil Code. The Board Report consists of the chapters 'At a glance', 'Report of the Management Board', 'Report of the Supervisory Board', 'Corporate Governance', 'Stakeholder engagement and materiality assessment', 'External commitments' and 'How we report'.
We strive to report transparently on our strategy, the way we implement it to create value for our stakeholders and the dilemmas we face along the way. The report provides a comprehensive overview of FMO’s financial and sustainability performance. Our reporting approach is described further in the section ‘How we report’.
The materiality assessment provides guidance on the (level of) information stakeholders expect FMO to disclose through the annual report or other communication channels. It also serves as input for our stakeholder dialogue and strategic plans. A detailed description of the approach and results are provided in the chapter ‘Stakeholder engagement and materiality assessment’.
External assurance and audit
We have engaged Ernst & Young Accountants LLP to audit the annual accounts, to perform a review of the sustainability information in specific chapters in scope and an audit of selected elements of this report. The scope, procedures, findings and conclusions from this engagement are summarized in the ‘Combined independent auditor’s and assurance report’.