About this report
This integrated annual report covers activities that took place in or had an effect on the reporting year. The report covers the period from 1 January 2024 to 31 December 2024 and was published on 24 March 2025 on FMO’s website. The Annual General Meeting of Shareholders (AGM) is scheduled to be held on 23 April 2025.
This copy of the annual financial reporting of FMO for the year ended 31 December 2024 is not presented in the ESEF-format as specified in the Regulatory Technical Standards on ESEF (Delegated Regulation (EU) 2019/815). The ESEF single reporting package is available on FMO's website.
Presentation of information
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.
This annual report of the 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 Sustainability statement is prepared on a consolidated basis with Commission Delegated Regulation (EU) 2023/2772 comprising the European Sustainability Reporting Standards (ESRS). Furthermore, we applied the Partnership for Carbon Accounting Financials (PCAF) Standard to report on financed GHG emissions and the EU Taxonomy regulation to report on Taxonomy eligibility and alignment activities that qualify as environmentally sustainable under the first two defined environmental objectives (climate change mitigation and adaptation).
The management report in accordance with Part 9 of Book 2 of the Dutch Civil Code consists of the chapters At a glance, Report of the Management Board, Risk management and the Sustainability Statement.
Sustainability-related matters
The double materiality assessment is a formal process that aids FMO in identifying and assessing our impacts on the economy, environment, and people, and determining the organization’s material sustainability-related matters. The result of the assessment helps us decide what information to disclose in our annual report. The assessment further serves as input for our stakeholder dialogues and strategic plans. A detailed description of the approach and results are provided in the 'Sustainability statement'.
External assurance and audit
We have engaged EY Accountants B.V. to audit the consolidated and company financial statements and to review the 'Sustainability statement'. The scope, procedures, findings and conclusions from this engagement are summarized in the 'Independent auditor's report' and 'Limited assurance report of the independent auditor on the sustainability statement'.