FMO
Dutch entrepreneurial development bank
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Last updated: August 2023
Overview of climate mainstreaming approach and goals:
FMO believes in a world, in which by 2050, more than 9 billion people live well and withing planetary boundaries. To contribute to this, we have raised our impact ambitions in our Strategy 2030. FMO focusses on SDGs 8 (Decent Work and Economic Growth), 10 (Reducing Inequalities), and 13 (Climate Action), across the three sectors of Agribusiness, Food & Water, Energy, and Financial Institutions. In 2022, FMO published its Climate Action Plan. Here we explain our vision that to have impact in these sectors and to contribute to these SDGs, we need to align our portfolio with the Paris agreement goals, increase climate investments, support our customers, and strengthen the active management of our climate actions. FMO has the ambition for 2030 to have:
- Acted upon our commitment to reach a ‘net zero’ portfolio by 2050, taking into account the need for a just and inclusive transition.
- Supported customers’ increased alignment with the Paris goals and increased climate mitigating investments.
- Strengthened our customers’ resilience to climate change and increased our solutions for adaptation and resilience.
- Increased the volume of investments contributing to biodiversity.
By 2030, FMO will have invested €10B in SDG 13-related investments, and financed at least 10 meaningful innovations, while we continued to develop our tools and increasingly improve the management of our climate commitments.
Principal Strategic Documents:
- Strategy 2030
- Climate Action Plan 2030
- FMO’s policies and position statements
- FMO Sustainability Policy
- FMO Sustainability Policy Universe
- Implementing FMO’s Sustainability Policy
- Sustainability Policy – from compliance to value add
- EDFI Statement on Climate and Energy Finance
- Commitment to Dutch Climate Accord
Principal Tools and Methodologies:
- The Partnership for Carbon Accounting Financials (PCAF)
- FMO’s Green Methodology
- The Joint Impact Model application by FMO
- Joint Impact Model Methodology paper
- Sustainability Bonds Framework
- FMO’s Combined Position Statement on Fossil Fuels
- FMO’s Exclusion List
Key reports and other materials published by the institution: