annual and interim reports

Governance structure

FMO’s corporate governance structure is based on the premise that FMO is a long-term partnership of stakeholders who, directly or indirectly, influence or are influenced by the achievement of our objectives.

Risk management framework

FMO has implemented a comprehensive risk management framework that reflects its banking license, support agreement with the Dutch State, and its mandate to do business in high-risk countries.

Aligned remuneration policies

The remuneration policies are aligned with the principle of attaching equal importance to investment and risk functions, by ensuring similar salary scales for both functions and avoiding bonus structures that incentivize excessive risk taking.

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Independent complaints mechanism

FMO has an Independent Complaints Mechanism together with the Deutsche Investitions- und Entwicklungsgesellschaft (DEG) and the French DFI Proparco. This allows affected parties to raise their complaints with an independent expert panel.

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Corporate governance codes

FMO abides by two governance codes: the Dutch Corporate Governance Code and the Dutch Banking Code. We comply with the Banking Code or will otherwise explain where and how we diverge from this code, including concrete examples.

FMO Investment Management BV

FMO Investment Management B.V. (FMO IM) is a 100 percent subsidiary of FMO. Its purpose is to build and grow investment management services for professional investors.

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A selection of our investments

We continued to invest in our focus markets utilizing FMO's own capital, public programs and mobilized funds. Through these investments, we contribute toward the SDGs.

Read more ›A selection of our investments

External commitments

Our impact goes beyond our investments. To embrace our mission fully, we are committed to doing business in a responsible and sustainable way, guided by global standards and guidelines.

EU Taxonomy

FMO is obligated to publish non-financial information in line with the Non-Financial Reporting Directive (NFRD).

Connectivity table

The following table links the material topics to our strategy, KPIs, targets, and performance as well as the sections in this annual report that cover each topic.