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 2022 and was published on 17 March 2023 on FMO’s website. The annual shareholders’ meeting is scheduled to be held on 26 April 2023.
The report is accompanied by two supplemental reports: FMO's disclosure in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and FMO's disclosure in line with our commitment to the Principles for Responsible Banking (PRB). This is not part of the assurance scope.
Presentation of information
This annual report of Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) has been prepared in accordance with the International Financial Reporting Standards as adopted by the European Union (IFRS-EU), and with Title 9 of Book 2 of the Dutch Civil Code. In addition, the non-financial information in this report has been prepared in accordance with the GRI Standards and by following the principles of the Integrated Reporting Framework.
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 our financial and sustainability performance. Our reporting approach is described further in the chapter ‘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 financial statements, to perform a review of the sustainability information in specific chapters in scope, and to audit selected elements of this report. The scope, procedures, findings and conclusions from this engagement are summarized in the 'Independent auditor's report' and 'Independent auditor's and assurance report'.