FMO 2021
Annual Report
Resilience during times of change
Resilience during times of change
“In 2021, we took further steps to serve our customers and markets better in the future. Building on the skills and knowledge of our highly diverse staff, we see a solid basis for growth. As a regulated and accredited entity, FMO will be a key driver of change, mobilizing much-needed funds to achieve the SDGs. To be truly transformative in our impact, we will be bold, take risks, be innovative and try out different models - while we continue to transform ourselves as well. We look forward to partnering with all our stakeholders on this worthwhile endeavor.”
OUR IMPACT
Decent Work & Economic Growth
We invested €1.9 billion in developing and emerging markets on FMO’s own books and through public and mobilized funds. Our outstanding portfolio resulted in an estimated 644,000 jobs supported.
Reduced Inequalities
We invested €714 million in reducing inequalities: €283 million in companies and projects in least developed countries and €540 million in inclusive businesses, focusing mostly on microfinance, women-owned SMEs and smallholder finance.
Climate Action
We invested €544 million in Green projects such as renewable energy projects, sustainable agriculture, forestry and Green credit lines. FMO’s current portfolio resulted in a yearly estimated 1,329,000 tCO2e avoided GHG emissions.
OUR VISION
We believe in a world in which, in 2050, more than 9 billion people live well and within the means of the planet’s resources.
OUR SDGs
OUR MISSION
We empower entrepreneurs to build a better world.
STRATEGIC GOAL
Your preferred partner to invest in local prosperity.
OUR STRATEGY
Higher
Impact PortfolioDeeper
RelationshipsHigher
Productivity
OUR MARKETS
Agribusiness, Food & Water
Energy
Financial Institutions
OUR VALUES AND BEHAVIORS
Making the difference
We are courageous and entrepreneurial
We create value for all our stakeholders
We accelerate sustainable development
Diversity
We respect differences and listen
We embrace dilemmas
We include multiple perspectives
Quality
We communicate expectations and share feedback
We learn, professionalize and innovate together
We are accountable and support clear decisions
Integrity
We are responsible and compliant
We are transparent and build trust
We are true to our vision and mission
Where we invest
Total committed portfolio €9.7 billion
Note: committed portfolio consists of €8.3 billion for FMO and €1.4 billion for public funds
Features
Features
Reduced inequalities - reaching the underserved
Inequality hinders social and economic development. Our financing is aimed to create greater social and economic inclusion and create opportunities for currently un(der)served groups such as the un(der)banked, smallholder farmers, youth, women, migrants and refugees.
Read more about: Reduced inequalities - reaching the underservedFeatures
Climate action - towards a clean energy transition
At COP26, FMO signed an international joint statement to end new direct public support for unabated fossil fuel energy by the end of 2022. Furthermore, we also published our own position statement on fossil fuels financing. FMO also works to preserve critical landscapes and forests that serve as a carbon sink.
Read more about: Climate action - towards a clean energy transitionFeatures
Innovation and business development
Key to FMO’s approach is forging partnerships that drive change; through complementing skills and expertise we play off one another's strengths to create more impact. We see great potential in investing in pioneering and early-stage projects and support this in several ways.
Read more about: Innovation and business development