Performance against our strategy
At FMO, we believe in a world in which, by 2050, more than 9 billion people live well and within planetary boundaries. To realize this vision, we engage in activities that contribute towards Decent Work and Economic Growth (SDG 8), Reduced Inequalities (SDG 10) and Climate Action (SDG 13). Our activities also have positive impacts on other SDGs, given the interconnected nature of the global goals.
We believe that access to electricity, nutrition and finance are crucial for the growth and prosperity of economies. Accordingly, we concentrate our efforts on three sectors. In Agribusiness, Food and Water (AFW), we strive to accelerate sustainable and resilient agricultural supply chains to increase food security. In Energy, we drive and support a sustainable energy access and transition. In Financial Institutions (FI), we aim to create inclusive, resilient and sustainable financial systems.
In line with our Strategy 2030, we have set three key priorities for 2023: growing impactful business, ensuring a solid foundation and organizational development. This chapter provides an overview of our performance in 2023 and highlights the progress made towards our 2023 priorities as well as our 2030 strategic goals. The table below provides an overview of our contribution towards the SDGs by strategic sector. Although innovation is an important strategic focus area for FMO, this was not prioritized for 2023 and, as such FMO is not reporting any progress in this area. For more information on the underlying definitions and methodologies on the results presented in this chapter, refer to the 'How we report' chapter.
Contributions to the SDGs by strategic sector (in € million, unless stated otherwise)
|
Indicators |
SDG |
2022 |
2023 |
AFW |
EN |
FI |
Diverse sectors |
|
Total committed portfolio*, of which: |
|
13,238 |
13,181 |
2,145 |
3,046 |
5,817 |
2,173 |
|
FMO |
8,934 |
9,071 |
1,054 |
2,185 |
3,983 |
1,849 |
|
|
Public funds |
1,401 |
1,386 |
318 |
347 |
404 |
317 |
|
|
Direct mobilized funds |
2,903 |
2,724 |
774 |
514 |
1,430 |
6 |
|
|
Total new investments*, of which: |
2,423 |
2,695 |
623 |
547 |
1,366 |
159 |
|
|
FMO |
1,813 |
1,909 |
331 |
379 |
1,069 |
130 |
|
|
Public funds |
153 |
258 |
65 |
88 |
76 |
29 |
|
|
Direct mobilized funds |
457 |
528 |
227 |
80 |
221 |
0 |
|
|
Total number of jobs supported (in thousands)**, of which: |
910 |
990 |
145 |
122 |
579 |
144 |
|
|
Direct jobs |
51 |
50 |
19 |
7 |
8 |
16 |
|
|
Indirect jobs |
859 |
940 |
126 |
115 |
571 |
128 |
|
|
RI-labelled total committed portfolio |
|
4,453 |
4,301 |
914 |
766 |
2,381 |
240 |
|
RI-labelled total new investments |
810 |
1,140 |
212 |
67 |
819 |
42 |
|
|
Green-labelled total committed portfolio |
|
4,427 |
4,749 |
682 |
2,520 |
1,187 |
360 |
|
Green-labelled total new investments |
1,003 |
1,091 |
253 |
432 |
341 |
65 |
|
|
Total financed avoided greenhouse gas emissions (ktCO2e)** |
1,735 |
2,061 |
157 |
1,729 |
0 |
175 |
|
|
Total financed absolute greenhouse gas emissions (ktCO2e)**, of which: |
8,093 |
8,403 |
1,604 |
1,042 |
4,424 |
1,333 |
|
|
Scope 1 +2 |
1,629 |
1,302 |
406 |
511 |
84 |
301 |
|
|
Scope 3 |
6,464 |
7,101 |
1,198 |
531 |
4,340 |
1,032 |
|
|
ESG target performance (%) |
|
93% |
91% |
92% |
91% |
87% |
93% |