Annual and interim reports

Performance against our strategy

This chapter outlines our 2021 performance with respect to FMO’s three strategic pillars: a higher impact portfolio in our chosen industries, deeper relationships and higher productivity. We monitor our results through a set of performance metrics.

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Factors impacting our portfolio

The impact of COVID-19 on FMO’s customers has been limited so far. With the support of our partners, where requested, FMO has helped its customers throughout the crisis to support their communities.

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Higher impact portfolio

We create higher impact by investing in regions where our impact can be greatest and in sectors that are crucial to economic, environmental and social progress.

Core focus SDGs

Private business activity, investment and innovation are major drivers of productivity, inclusive economic growth and job creation.

Sector focus SDGs

By financing businesses across the entire agri-food chain we contribute to SDG 2, Zero Hunger. The world will need to increase agricultural production by 50% to meet the nutritional needs of a growing global population.

ESG risk management

FMO categorizes the E&S risk profile of its customers as follows: A & B+ (high risk), B (medium risk) and C (low risk) for direct investments and ID-A (high risk), ID-B (medium risk) and ID-C (low risk) for indirect exposure through debt and PE

Deeper relationships

FMO attaches strategic importance to deepening relationships with our stakeholders, because by pooling resources and partnering with others we can invest more in our customers and through their activities increase impact.

Higher productivity

During the COVID-19 pandemic, FMO has demonstrated it is resilient and can carry out its mission in a robust, effective and efficient way.

Financial performance

At the end of 2021, we reported a net profit of €491 million. This is a significant improvement compared to the end of 2020 when we reported a loss of €205 million as a result of unfavorable global market conditions, following the COVID-19 pandemic.

2022 Outlook

Despite the uncertainties, we have set bold ambitions for the coming year.