The Management Board sets performance targets, approves and monitors the budgets prepared by servicing units. Servicing units are not identical to the strategic sectors. Read more about Segment reporting by operating segments .

Apart from financing from its own resources, FMO provides loans, guarantees and equity investments from special government funds, within the conditions and objectives of these programs. Read more about Segment reporting of funds and programs managed for the risk of the Dutch Government and for other public funding .

We see stakeholder engagement as a two-way dialogue. We engage with stakeholders to create partnerships, invest together, harmonize our approaches, and seek insights that inform our policies and approaches. Read more about Stakeholder dialogue .

This report complies with the financial reporting requirements included in Title 9 of Book 2 of the Dutch Civil Code, where applicable. The report by the Management Board complies with section 2:391 of the Dutch civil code. Read more about Standards and reporting guidelines .

There has been no significant subsequent event between the balance sheet date and the date of approval of these accounts which should be reported by FMO. Read more about Subsequent events .

There has been no significant subsequent event between the balance sheet date and the date of approval of these accounts which should be reported by FMO. Read more about Subsequent events .

In the overview below we explain the material topics. Also refer to table GRI management approach and topic-specific disclosures. Read more about Sustainability topics .

We distinguish between short term outputs, resulting directly from our activities, and the outcomes that we believe to result from those outputs. The long-term impact refers to the indirect results we believe our work will contribute to over time. Read more about Value creation .

FMO was incorporated in 1970 as a public limited company with 51% of shares held by the Dutch Government and 49% held by commercial banks, state unions and other members of the private sector. Read more about 1 Corporate information .

Interest expense increased due to increases in the reference rates on FMO's variable rate funding portfolio. Read more about 10 Interest Expense .