FMO | annual and interim reports

Off-balance sheet information

To meet the financial needs of borrowers, FMO enters into various irrevocable commitments (loan commitments, equity commitments and guarantee commitments) and contingent liabilities. Read more about Off-balance sheet information .

Operating context

Since 1970, FMO has made a positive difference by enabling entrepreneurs in low- and middle-income countries to build a better world. Read more about Operating context .

Organizational developments

In 2023, we grew our workforce, improved employership and launched new learning programs for both managers and (new) employees. Read more about Organizational developments .

Our achievements in 2023

To achieve our strategic goals and objectives, we defined ambitious targets and plans for 2023. The 2023 results as well as the key drivers are further explained in this chapter. Read more about Our achievements in 2023 .

Our business model

Value creation starts with the resources or ‘inputs' that are key to running our business: Read more about Our business model .

Our investment process

Before and during the investment period, we research the financing opportunity. We evaluate its financial risk and assess its potential impact on the environment, employees and workers, communities and other stakeholders. Read more about Our investment process .

Our strategy

In the past few years, global developments and changing stakeholder expectations and regulations have affected FMO’s impact agenda such that we felt the need to review our ambitions and strategic priorities towards 2030. Our Strategy towards 2030: Pioneer - Develop - Scale, derives its name from our progression model. It shows our long-term commitment to companies, supporting them from an initial high-risk phase to the point where commercial investors can (partially) take over from FMO. Read more about Our strategy .

Our value creation model

Our value creation model is based on the Integrated Reporting Framework. Read more about Our value creation model .

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. Read more about Performance against our strategy .

Principles for responsible banking

We will align our business strategy to be consistent with and contribute to individuals’ needs and society’s goals, as expressed in the Sustainable Development Goals, the Paris Climate Agreement and relevant national and regional frameworks. Read more about Principles for responsible banking .

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