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Bank
FMONetherlands

Active

This profile is actively maintained
Last update: 2025-02-11 10:57:47
FMO logo. Photo: FMO

Active

This profile is actively maintained
Last update: 2025-02-11 10:57:47
About
Website http://www.fmo.nl
Headquarters
Anna van Saksenlaan 71
2593 HW The Hague
Netherlands
CEO/chair Michael Jongeneel
CEO
Supervisor
De Nederlandsche Bank
Ownership

FMO is majority-owned (51%) by the Dutch State, 7% is held by trade unions, employer's federations, companies and individuals. The remaining 42% is held by Dutch banks: ABN Amro, ING and Rabobank.

FMO is the Dutch development bank supporting companies, projects and financial institutions regarding developing and emerging markets. It focusses on three sectors: energy, financial institutions and agribusiness - food & water. In addition, FMO manages a number of specific development funds on behalf of the Dutch government.

Sustainability
Commitments
Policies
Voluntary standards

FMO's most important sustainability commitments can be found at the website sections listed below.

Links

Policies and position statements

2024-01-19 00:00:00

Sustainability Policy

Bank policy
2024-01-19 00:00:00 | FMO
2023-01-19 00:00:00

Combined Position Statement on Fossil Fuels

Bank policy
2023-01-19 00:00:00 | FMO
2023-01-19 00:00:00

Position Statement on Impact and ESG for Financial Intermediaries

Bank policy
2023-01-19 00:00:00 | FMO
2022-12-31 00:00:00

Position Statement on Human Rights

Bank policy
2022-12-31 00:00:00 | FMO
2022-12-31 00:00:00

Position Statement on Hydro Power Plants

Bank policy
2022-12-31 00:00:00 | FMO
2022-12-31 00:00:00

Position Statement on Land Governance

Bank policy
2022-12-31 00:00:00 | FMO
2022-12-31 00:00:00

Position Statement on Animal Welfare

Bank policy
2022-12-31 00:00:00 | FMO
2021-06-01 00:00:00

Position Statement on Phasing Out Fossil Fuels in Direct Investments

Bank policy
2021-06-01 00:00:00 | FMO
2017-08-29 00:00:00

Position Statement on Gender

Bank policy
2017-08-29 00:00:00 | FMO
2017-08-29 00:00:00

Position Statement on Coal Power Generation and Coal Mining

Bank policy
2017-08-29 00:00:00 | FMO
2017-08-29 00:00:00

Position Statement on Responsible Tax

Bank policy
2017-08-29 00:00:00 | FMO
2017-02-03 00:00:00

Exclusion List

Bank policy
2017-02-03 00:00:00 | FMO
2017-01-01 00:00:00

Implementing FMO’s Sustainability Policy

Bank policy
2017-01-01 00:00:00 | FMO
2016-10-31 00:00:00

Sustainability Policy Universe

Bank policy
2016-10-31 00:00:00 | FMO
FMO has committed itself to the following voluntary standards:
Climate Statement Dutch Banking Association (NVB)Tags: climate change | transparency
Code Banken (Dutch Banking Code)Tags: bond issuance
De Spitsbergen ambitieTags: climate change
Dutch Banking Sector Agreement on International Responsible Business Conduct regarding Human RightsTags: human rights
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
IFC - Operating Principles for Impact ManagementTags: investment
Natural Capital DeclarationTags: sustainable development | finance | natural resources | corporate social responsibility
OECD Guidelines for Multinational EnterprisesTags: consumer safety | corporate social responsibility | corruption | cultural preservation | dams | human rights | mining and processing | OECD | supply chain | taxation | worker rights
Partnership for Biodiversity Accounting Financials (PBAF)Tags: biodiversity | corporate social responsibility
Partnership for Carbon Accounting Financials (PCAF)Tags: carbon | corporate social responsibility
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
UN Guiding Principles on Business and Human RightsTags: United Nations | human rights
Dodgy Deals

FMO is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of FMO's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Berta Cáceres: new rules for banks could help stop defender killings

2023-01-23 | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

Daughter of murdered Honduran human rights activist files criminal complaint against Dutch Development Bank FMO

2022-06-28 | Global Justice Association
BankTrack news BankTrack blog Partner news Partner blog

The Cash Before The Killing

Newly Released Documents Reveal International Funding Trail Preceding the Murder of Berta Cáceres
2022-06-23 | The Intercept
Blog
BankTrack news BankTrack blog Partner news Partner blog

At least $132 billion in finance for fossil fuels is locking Africa out of a Just Transition, shows new report

African countries kept in fossil fuel stranglehold by Overseas money
2022-03-03 | BankTrack, 350.org Africa, AFIEGO, Africa Coal Network, Alerte Congolaise pour l’Environnement et les Droits de l’Homme (ACEDH), Alliance for Empowering Rural Communities (AERC), Centre for Alternative Development (CAD), Environment Governance Institute (EGI), Friends of the Earth Ghana, Friends of the Earth Mozambique, Friends of the Earth Togo, Innovation for the Development and Protection of the Environment (IDPE), Laudato Si, Lumière Synergie pour le Développement (LSD), Milieudefensie, Oil Change International, Save Okavango (SOUL), Solidarité pour la Réflexion et Appui au Développement Communautaire (SORADEC), Synergie de Jeunes pour le Développement et les Droits Humains (SJDDH), Women Environmental Programme Nigeria, WoMin, Zimbabwe Environmental Law Association (ZELA)
Blog
BankTrack news BankTrack blog Partner news Partner blog

New database addresses lack of transparency about financial intermediary investments of IFC, FMO

2021-12-01 | International Accountability Project, Oxfam International, Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Banks involved in financing at least 200 fossil fuel projects since Paris

BankTrack research sheds new light on finance for fossil fuels by Equator banks
2021-10-26 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Streep door omstreden lening FMO aan Hondurese bank

(article in Dutch: Controversial FMO loan to Honduran bank cancelled)
2021-05-20 | Financieele Dagblad
Blog
BankTrack news BankTrack blog Partner news Partner blog

Civil society welcomes FMO decision to not provide loan to Honduran bank FICOHSA

2021-05-20 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Banks fail communities on consultation and grievance mechanisms, new study finds

BankTrack research into nine projects financed ‘under Equator’ finds routine failures to conduct proper community consultation and a lack of effective project-level grievance mechanisms
2020-11-24 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Dutch banks slammed by independent committee for failing to address client confidentiality

2020-08-26 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles requirements missing for most projects, finds new BankTrack study

Research into 37 projects financed 'under Equator' finds project-level grievance mechanisms or stakeholder engagement processes cannot be evidenced in 65% of cases
2020-08-11 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Vernederingen en zwijgcontracten: hoe Peter van Mierlo jarenlang een schrikbewind voerde bij FMO

(article in Dutch)
2020-06-13 | De Volkskrant
BankTrack news BankTrack blog Partner news Partner blog

Chairman of the Board FMO steps down

2020-06-11 | FMO press release
BankTrack news BankTrack blog Partner news Partner blog

Nederlandse ontwikkelingsbank FMO financiert belastingontwijking via Mauritius

(article in Dutch)
2019-07-23 | Trouw
BankTrack news BankTrack blog Partner news Partner blog

FMO commits to Dutch Climate Accord

2019-07-10 | FMO
Blog
BankTrack news BankTrack blog Partner news Partner blog

Dutch Banking Sector Agreement on Human Rights publishes first annual report plus leverage and cocoa papers

2018-08-16 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Dutch development bank takes step forward on human rights, but must do more to protect defenders

2017-09-27 | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

Hydroelectric Project Opposed by Berta Caceres Suspended

2017-07-10 | Tegucigalpa | Prensa Latina
Blog
BankTrack news BankTrack blog Partner news Partner blog

Controversial hydropower project that led to murder of land defender Berta Cáceres halted as funders forced to pull out

2017-07-07 | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

COPINH communicates that FMO and Finn Fund have confirmed their official exit from the murderous Agua Zarca Project

2017-07-06 | Honduras | COPINH
Blog
BankTrack news BankTrack blog Partner news Partner blog

Ten Equator banks demand decisive action on Indigenous peoples following DAPL debacle

Banks from the Netherlands, France, Spain and Italy press Equator Principles Association for change
2017-06-16 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Backers of Honduran dam opposed by murdered activist withdraw funding

International investors withdraw completely from Agua Zarca project
2017-06-04 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Barro Blanco floodings: enormous damage

2017-04-06 | Both ENDS
Blog
BankTrack news BankTrack blog Partner news Partner blog

Joint call to action: Dutch development bank FMO should protect human rights defenders

2016-11-16 | London | BankTrack, Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

Going Dutch: What’s in the new Dutch banking sector agreement on human rights?

2016-11-10 | Ryan Brightwell – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Two new reports confirm the need for lenders to exit responsibly from the Agua Zarca Hydroelectric Project in Honduras

Investigations come after the murder of renowned human rights defender, Berta Cáceres
2016-09-30 | Amsterdam | SOMO and Both ENDS
BankTrack news BankTrack blog Partner news Partner blog

Jürgen Rigterink new CEO of FMO

2016-09-06 | FMO
Blog
BankTrack news BankTrack blog Partner news Partner blog

Civil society response on announcement European financiers to ‘seek to exit’ Agua Zarca project

2016-05-11 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

FMO and Finnfund suspend support for Agua Zarca Dam

Civil society groups demand permanent withdrawal from project
2016-03-16 | San Fransisco, the Hague | International Rivers
Blog
BankTrack news BankTrack blog Partner news Partner blog

FMO and Finnfund seek to exit Agua Zarca

2016 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Independent report: Dutch and German development banks failed to comply with environmental and human rights standards in financing the Barro Blanco dam in Panama

Indigenous communities and civil society shocked by bank's inadequate response to findings
2015-06-01 | Kiad, Panama/Amsterdam/Bogota | SOMO
BankTrack news BankTrack blog Partner news Partner blog

Dutch FMO pushed Panama to continue construction Barro Blanco dam

2015-05-18 | Amsterdam | Both ENDS
Blog
BankTrack news BankTrack blog Partner news Partner blog

Panama Suspends Construction of FMO-funded Barro Blanco hydroelectric dam over environmental and human rights abuses

Panamanian indigenous community celebrates the decision
2015-02-11 | Panama | SOMO
BankTrack news BankTrack blog Partner news Partner blog

UN registered Barro Blanco hydroelectric dam temporarily suspended over non-compliance with environmental impact assessment

2015-02-10 | intercontinentalcry.org
Blog
BankTrack news BankTrack blog Partner news Partner blog

First complaint to Dutch development bank FMO admitted

The Independent Complaints Mechanism of the FMO will examine the Barro Blanco dam in Panama.
2014-06-13 | Kiad, Panama / Amsterdam, Netherlands | Centre for Research on Multinational Corporations (SOMO) & Both ENDS
Blog
BankTrack news BankTrack blog Partner news Partner blog

Complaint filed against Dutch development bank FMO for funding the Barro Blanco dam in Panama

Panamanian indigenous community submits complaint to FMO’s independent grievance mechanism
2014-05-07 | Kiad, Panama / Amsterdam | SOMO, Both ENDS
BankTrack news BankTrack blog Partner news Partner blog

Nederlandse bank wekt woede Hondurese indianen - FMO, Agua Zarca

2014-05-06 | Volkskrant
Blog
BankTrack news BankTrack blog Partner news Partner blog

Indigenous groups in Honduras speak out against Dutch development bank FMO

Reject financing of the Agua Zarca dam project
2014-04-16 | La Tejera, Rio Blanco, Honduras
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGO Briefing on Independent Complaints Mechanism of FMO and DEG

2014-02-17 | The Hague | BankTrack, Both ENDS, SOMO, Amnesty International
Blog
BankTrack news BankTrack blog Partner news Partner blog

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
Resources
Documents
Links
2025-05-08 00:00:00

Letter from BankTrack and Mars se Drine to FMO on Jadar project

Correspondence
2025-05-08 00:00:00 | BankTrack and Mars se Drine
2024-04-18 00:00:00

Annual report 2023

Annual report
2024-04-18 00:00:00 | FMO
2024-01-19 00:00:00

Sustainability Policy

Bank policy
2024-01-19 00:00:00 | FMO
2023-05-16 00:00:00

Annual report 2022

Annual report
2023-05-16 00:00:00 | FMO
2023-01-19 00:00:00

Combined Position Statement on Fossil Fuels

Bank policy
2023-01-19 00:00:00 | FMO
2023-01-19 00:00:00

Position Statement on Impact and ESG for Financial Intermediaries

Bank policy
2023-01-19 00:00:00 | FMO
2022-12-31 00:00:00

Position Statement on Human Rights

Bank policy
2022-12-31 00:00:00 | FMO
2022-12-31 00:00:00

Position Statement on Hydro Power Plants

Bank policy
2022-12-31 00:00:00 | FMO
2022-12-31 00:00:00

Position Statement on Land Governance

Bank policy
2022-12-31 00:00:00 | FMO
2022-12-31 00:00:00

Position Statement on Animal Welfare

Bank policy
2022-12-31 00:00:00 | FMO
2022-05-16 00:00:00

Annual report 2021

Annual report
2022-05-16 00:00:00 | FMO
2021-06-01 00:00:00

Position Statement on Phasing Out Fossil Fuels in Direct Investments

Bank policy
2021-06-01 00:00:00 | FMO
2021-06-01 00:00:00

FMO’s Position Statement on Phasing Out Fossil Fuels in Direct Investments: Stakeholder Consultation Report

Other bank document
2021-06-01 00:00:00 | FMO
2021-05-21 00:00:00

Annual report 2020

Annual report
2021-05-21 00:00:00 | FMO
2020-11-24 00:00:00

"Trust Us, We're Equator Banks": Part II

BankTrack publication
2020-11-24 00:00:00 | BankTrack
2020-10-13 00:00:00

Letter from CRAAD-OI, WOMIN, IDI, BankTrack to ten FIs on Base Toliara project

Correspondence
2020-10-13 00:00:00 | CRAAD-OI, WOMIN, IDI, BankTrack
2020-07-21 00:00:00

Annual report 2019

Annual report
2020-07-21 00:00:00 | FMO
2019-03-25 00:00:00

Annual report 2018

Annual report
2019-03-25 00:00:00 | FMO
2018-03-31 00:00:00

Annual report 2017

Annual report
2018-03-31 00:00:00 | FMO
2017-08-29 00:00:00

Position Statement on Gender

Bank policy
2017-08-29 00:00:00 | FMO
2017-08-29 00:00:00

Position Statement on Coal Power Generation and Coal Mining

Bank policy
2017-08-29 00:00:00 | FMO
2017-08-29 00:00:00

Position Statement on Responsible Tax

Bank policy
2017-08-29 00:00:00 | FMO
2017-03-31 00:00:00

Annual report 2016

Annual report
2017-03-31 00:00:00 | FMO
2017-02-03 00:00:00

Exclusion List

Bank policy
2017-02-03 00:00:00 | FMO
2017-01-31 00:00:00

Honduras: The deadliest place to defend the planet

NGO document
2017-01-31 00:00:00 | Global Witness
2017-01-01 00:00:00

Implementing FMO’s Sustainability Policy

Bank policy
2017-01-01 00:00:00 | FMO
2016-11-17 00:00:00

Declaration on moral and ethical conduct

Other bank document
2016-11-17 00:00:00
2016-10-31 00:00:00

Sustainability Policy Universe

Bank policy
2016-10-31 00:00:00 | FMO
2016-03-21 00:00:00

Annual Report 2015

Annual report
2016-03-21 00:00:00 | FMO
2015-11-11 00:00:00

Equator Principles Reporting 2014

Annual report
2015-11-11 00:00:00 | FMO
2015-04-13 00:00:00

Development Impact Report 2013-2014

Annual report
2015-04-13 00:00:00 | FMO
2015-04-13 00:00:00

Annual Report 2014

Annual report
2015-04-13 00:00:00 | FMO
2014-12-20 00:00:00

FMO and the Dutch Banking Code

Other bank document
2014-12-20 00:00:00
2014-06-27 00:00:00

Failure to Restore: An Assessment of the Impacts of the Theun-Hinboun Hydropower Dam Projects on Downstream Communities in Laos

NGO document
2014-06-27 00:00:00 | International Rivers
2014-06-25 00:00:00

Equator Principles Reporting 2013

Annual report
2014-06-25 00:00:00 | FMO
2014-02-14 00:00:00

Briefing on FMO compliance Mechanism

NGO document
2014-02-14 00:00:00 | BankTrack, Both Ends et al
2014-02-04 00:00:00

Letter from FMO to BankTrack on agua zarca (3rd letter response)

Correspondence
2014-02-04 00:00:00 | FMO
2014-01-01 00:00:00

Annual Report 2013

Annual report
2014-01-01 00:00:00 | FMO
2013-12-20 00:00:00

Letter from BankTrack to FMO on Aqua Zarca (3rd letter)

Correspondence
2013-12-20 00:00:00 | BankTrack
2013-11-18 00:00:00

Letter from COPINH to FMO on Agua Zarca (2nd letter)

Correspondence
2013-11-18 00:00:00 | COPINH
2013-10-11 00:00:00

Letter from COPINH to FMO on Agua Zarca dam

Correspondence
2013-10-11 00:00:00 | COPINH
2013-10-07 00:00:00

Letter from BankTrack et al to FMO on Agua Zarca dam (2nd letter)

Correspondence
2013-10-07 00:00:00 | BankTrack et al
2013-09-25 00:00:00

Letter from BankTrack to FMO on Agua Zarca dam

Correspondence
2013-09-25 00:00:00 | BankTrack
2013-03-25 00:00:00

Annual report 2012

Annual report
2013-03-25 00:00:00 | FMO
2012-01-01 00:00:00

FMO Equator principles reporting 2012

Annual report
2012-01-01 00:00:00 | FMO
2005-01-01 00:00:00

Sustainability report 2005

sustainability in practice
Annual report
2005-01-01 00:00:00 | FMO

Project List

FMO's database on financed projects
Accountability
Grievances

FMO has implemented an Independent Complaints Mechanism which allows external parties to file a complaint concerning projects financed by FMO. Stakeholders may also raise complaints via the OECD National Contact Points (see OECD Watch guidance).

FMO is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

This page evaluates FMO's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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Good Moves

Good moves

Year:

2016

FMO and Finnfund seek to exit Agua Zarca

Dutch development bank FMO and Finnish finance company Finnfund announced on May 9th that they would "seek to exit" financing the Agua Zarca hydroelectric project in Honduras. They took the decision after a court in Honduras decided on May 8th to press charges against four individuals in connection…
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