FMO: Entrepreneurial Development Bank
FMO is the Dutch development bank. It is their mission to empower entrepreneurs to build a better world.
They invest in over 85 countries, supporting job creation and income generation and improving people’s lives in those parts of the world where this makes the biggest difference. Their role extends beyond financing, as they help businesses to operate and grow transparently in an environmentally and socially responsible manner.
With their clients serving millions of customers, their adoption of good practices will have a broad positive impact on local development. They create jobs, provide people with an income, generate taxes and contribute to a healthy private sector. This makes it possible to build a local economy that offers opportunities for people today without compromising the opportunities of future generations.
Through their approach, they aim to demonstrate to other investors that strong financial returns and positive impact in developing countries and emerging markets can go hand-in-hand. Their success in higher-risk markets provides them with the confidence to get on board, allowing them to mobilize more funding for their clients.
Working with partners ranging from their partner European Development Finance Institutions (EDFIs) to civil society organizations and investors, they serve the many entrepreneurs all over the world who have set up and built their companies to contribute to positive change.
Through their financing and investments, they enhance their and others’ impact and can contribute to a sustainable society on a liveable planet. They support the 17 United Nations Sustainable Development Goals (SDGs) and aim to contribute to their achievement through their mission and activities.
FMO was founded in 1970 and is a public-private partnership, with 51% of their shares held by the Dutch State and 49% held by commercial banks, trade unions and other members of the private sector. FMO has a triple A rating from both Fitch and Standard & Poor’s.
Vision: They believe in a world where, in 2050, more than nine billion people live well and within the means of the planet's resources.
Mission: In pursuit of this vision, FMO's mission is to empower entrepreneurs to build this better world. To that end, FMO invests in businesses, projects and financial institutions, by providing capital, knowledge and networks to support sustainable growth. They do this with the ultimate goal of empowering people to apply their skills and improve their own quality of life.
In light of their vision and mission, they have defined their strategy to become the leading impact investor by doubling impact and halving footprint by 2020. It is their ambition to double the impact and halve the footprint by doubling the number of expected direct and indirect jobs supported as well as doubling the amount of expected Greenhouse gas (GHG) emissions avoided per annum. These goals are measured in their annual new investments between the 2010-2012 baseline period and the 2018-2020 endline period.
They steer their organization in an integrated manner to reach their financial, impact and footprint objectives. In maintaining and further growing their capital base, financial objectives are a prerequisite for impact creation in the future. And their impact and footprint objectives serve to steer their business to high impact opportunities.
Corporate culture and values:
FMO is active in an international environment and is aware of the importance of being open to the needs and wishes of each stakeholder, while taking into account its own integrity and social responsibility. FMO strives for a flawless reputation for integrity. Accordingly, they expect all employees, irrespective of their position, to behave beyond reproach. They should act, and in certain cases refrain from acting, fully as FMO expects a good employee to do.They have created an open culture based on respect, integrity and social responsibility. Their employees are engaged, want to make a difference and cooperate to create excellence.
They believe in the value of diversity. By nurturing diversity in their organization they invite different perspectives and approaches to their work, which contribute to improving their performance. They focus on diversity of competencies, gender, nationalities and ages.See more