Our strategy
FMO’s Vision and Mission remain as relevant as ever. In 2017, we defined our Strategy 2025 in line with our Vision and Mission, setting the goal of being ‘Your preferred partner to invest in local prosperity’.
We aim to have a distinguishing impact on three UN Sustainable Development Goals (‘SDGs”):
Decent work and economic growth (SDG 8): optimizing the number of jobs supported;
Reduced inequalities (SDG 10): focusing on inclusive finance and least developed countries;
Climate action (SDG 13): growing our “green” portfolio, which is aimed at reducing greenhouse gas emissions, increasing resource efficiency, preserving and growing natural capital, and supporting climate adaptation.
To achieve our strategic goal we have defined three objectives: a higher impact portfolio, deeper relationships and higher productivity.
Higher impact portfolio
We focus on sectors and regions where FMO can have the greatest impact; steer on job creation and increase the share of investments in the portfolio related to green and reduced inequalities, while growing local support through community engagement and stakeholder responsiveness.
In the context of a higher impact, and in line with our ambition defined in 2013, we continue to work on “Doubling Impact and Halving Footprint”. Through our investments, we aim to support 900,0001 jobs by 2020; against a baseline of 500,000 jobs. In terms of greenhouse gases avoided, we aim to improve our baseline of 575,000 tons of CO2 equivalent by avoiding at least 1.15 million tons of CO2 equivalent per year by 2020.
- 1 The target has been adjusted from 1,000,000 to 900,000 jobs as a consequence of a statistical update to reflect macro-economic progress in the countries where we invest. It was undertaken earlier this year to ensure continued credibility of reporting on performance recommended by external auditors.
Deeper relationships
By strengthening our external orientation, we increase local knowledge and understanding of our markets, clients and stakeholders. We approach our clients more proactively and increase our understanding of their needs and the context in which they operate to collaboratively develop opportunities with clients and partners. In addition, we focus on improving employee engagement as a key driver for success.
We want to maximize local impact by using our deep expertise in development finance to support Dutch business activities in emerging markets. Providing decent work, reducing inequality and undertaking climate action through our investments will help to improve local stability that is particularly relevant for the Netherlands and countries closest to us, for example in the ‘European Neighbourhood’ and the Horn of Africa.
Higher productivity
We optimize business processes to deliver better and faster service to our clients. We strengthen effective decision making and foster effective collaboration across the organization, especially between our debt, equity, syndications and capacity development departments. In this manner we improve our client offerings and speed up operational processes. We promote clear roles and responsibilities, take well informed decisions and stick to them.