External commitments

Our impact goes beyond our investments. To embrace our mission fully, we are committed to doing business in a responsible and sustainable way, guided by global standards and guidelines. These commitments are not prescribed by law but have been made on a voluntary basis. FMO distinguishes between three levels of commitment or involvement: signatory, adopter and member. For the commitments where we are a signatory, we are required to make steps towards full implementation of the relevant guidelines and/or disclose progress made towards these goals.

2X Global

Member

FMO is a member of 2X Global, a field building organization for gender finance. Since 2018 FMO has also been a participant in the 2X Challenge, now an initiative of 2X Global. The 2X Challenge is a collective commitment of DFIs to mobilize gender lens investment in developing country markets.

Accelerating Investment in Adaptation and Resilience

Signatory

We are a signatory member to the Adaptation and Resilience Investors Collaborative, an international partnership of development finance organizations. We have committed to substantially increase investments in climate adaptation and resilience to support vulnerable developing and emerging countries.

Client Protection Principles

Adopter

FMO has adopted the CPP which set the minimum standards that end-customers should expect to receive when doing business with a financial service provider.

Consultative Group to Assist the Poor

Member

We are part of the CGAP global partnership to test, learn and share knowledge intended to help build inclusive and responsible financial systems.

COP26 Joint Statement on Public Finance

Signatory

We commit to supporting the clean energy transition and end new direct public support for the international unabated fossil fuel energy sector by the end of 2022, except in limited and clearly defined circumstances that are consistent with the 1.5°C warming limit and the goals of the Paris Agreement. We have honored that commitment with our Fossil Fuel Position Statement.

Corporate Governance Development Framework

Adopter

We adopted the Corporate Governance Development Framework as a common approach to corporate governance risks and opportunities in DFI investment operations.

Dutch Climate Accord

Signatory

We signed the financial sector commitment to fight climate change and support the Dutch Climate Accord to achieve a 49% CO2 reduction by 2030 in the Netherlands.

EDFI Principles for Responsible Financing of Sustainable Development

Signatory

FMO upholds the EDFI Principles for Responsible Financing of Sustainable Development.

EDFI statement on climate and energy finance

Signatory

We commit to this statement where EDFI group outlines shared commitments to phase out fossil fuels and mobilize private sector climate finance, aligning with Paris Agreement and high disclosure standards.

Equator Principles

Signatory

We have been implementing the Equator Principles (EP) since 2006. This risk management framework provides financial institutions with a minimum standard for due diligence and monitoring to determine, assess and manage environmental and social risks in projects. Our annual EP report is available online.*

European Microfinance Platform

Member

We are part of the e-MFP network to foster activities that increase global access to affordable, quality, sustainable and inclusive financial services for the un(der)banked through knowledge-sharing, partnership development and innovation.

Financial Action Task Force

Adopter

We use the FATF framework to combat money laundering and terrorism financing, as well as the proliferation of weapons of mass destruction.

Global Impact Investing Network

Member

We support the GIIN because it is dedicated to increasing the scale and effectiveness of impact investing through knowledge sharing, best practice exchanges, and tools and resources production.

Global Private Capital Association

Member

The GPCA aims to catalyze the development of private equity and venture capital industries in emerging markets through research, conferences, networking, and advocacy.

Global Reporting Initiative (GRI)

Adopter

We report according to the standards defined by the GRI, which helps businesses and governments understand and communicate about their impact on critical sustainability issues.

IFC Performance Standards

Adopter

Our E&S approach is guided by the IFC Performance Standards of Environmental & Social Sustainability. This framework helps us understand, avoid and mitigate E&S risks and impacts, for example through stakeholder engagement and disclosure obligations of the customer in relation to project-level activities.

ILO Standards

Adopter

We follow the set of ILO legal instruments that set out basic principles and rights at work.

IFRS Foundation - Integrated Reporting Framework

Adopter

We follow the Integrated Reporting framework to produce our annual report. In line with this, we link our strategy and performance to the external environment and value creation in the longer term.

Natural Capital Finance Alliance

Signatory

We closely follow the developments of the NCFA initiative to integrate natural capital considerations into loans, public and private equity, and fixed income and insurance products.

Netherlands Advisory Board on Impact Investing

Member

FMO is an active member of the Netherlands Advisory Board (NAB) on Impact Investing - a foundation that is part of the Global Steering Group for impact investment and aims to accelerate the growth and improve the effectiveness of the Dutch impact investing market. 

OECD Guidelines

Adopter

We follow the OECD Guidelines on responsible business conduct, notably human rights, labor rights and the environment.

Operating Principles for Impact Management

Signatory

In 2019, FMO became a signatory to and advisory board member of the Operating Principles for Impact Management, a global initiative led by the IFC to increase the transparency and accountability of impact investing. FMO publishes a report every year to disclose how it has interpreted and applied these nine principles. These reports are available on our website.

Partnership for Carbon Accounting Financials

Signatory

We are one of the early adopters of PCAF, an industry-led global partnership to develop and implement a harmonized approach to assess and disclose GHG emissions of loans and investments. This facilitates transparency and accountability of the financial sector to the Paris Agreement.

Principles for Responsible Investment

Signatory

FMO applies the six principles of the PRI: incorporating ESG into investment practices (Principle 1 and 2), disclosing on ESG issues (Principle 3), supporting acceptance and effective implementation of the principles (Principle 4 and 5), and reporting on progress (Principle 6). FMO’s latest report is available on the PRI website.

Sustainable Development Goals Charter

Signatory

We joined the SDG Charter Network to foster cooperation between business, civil society and local governments in the Netherlands, in order to achieve the SDGs at home and abroad.

Task Force on Climate-Related Financial Disclosures (TCFD)

Signatory

We have been reporting in line with TCFD guidelines since 2019, disclosing climate related risks and opportunities for FMO, as well as our work to embed climate related risks within FMO’s risk framework. Please refer to the latest TCFD report available on our website for more information.

The Paris Development Banks Statement on Gender Equality and Women's Empowerment

Signatory

This statement calls for accelerating the realization of gender equality and the empowerment of all women and girls through the international financial system. We recognize our substantive role in the achievement of the SDGs.

UN Guiding Principles on Business and Human Rights

Adopter

We integrate the set of guidelines defined by the UN for states and companies to prevent, address and remedy human rights abuses in business operations.

UNEP FI / EBF Working Group on Banking and Taxonomy

Member

We are part of the UNEP Finance Initiative / European Banking Federation Working Group that assesses how the EU Taxonomy on Sustainable Activities can be implemented by banks and applied to selected banking products.

UNEP FI | Principles for Responsible Banking (PRB)

Signatory

We follow the Integrated Reporting framework to produce our annual report. In line with this, we link our strategy and performance to the external environment and value creation in the longer term.

* After participating as an active member for more than 18 years in the Equator Principles, FMO has decided to discontinue its membership. More details can be found on the FMO website.

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