blog
external news
our news
FMONetherlands
Created before Nov 2016
Last update: 2017-09-29 15:38:35
Johan Frijns, BankTrack
Send feedback on this profile
Download as PDF
Share this page:
About FMO
FMO head offices in The Hague. Photo: Google Earth/StreetviewFMO is the Dutch development bank supporting companies, projects and financial institutions from developing and emerging markets. It specialises in sectors where its contribution can have the highest long-term impact - financial institutions; energy and agribusiness, food & water situated in high risk developing countries. In addition, FMO manages a number of specific development funds on behalf of the Dutch government. In December 2016 FMO held assets worth EUR 8.5 billion.
| Website | http://www.fmo.nl |
| Headquarters |
Anna van Saksenlaan 71
2593 HW The Hague
Netherlands
|
| CEO/chair |
Jurgen Rigterink CEO |
| Supervisor | |
| Annual report | Annual report 2016 |
| Ownership |
FMO is 51% owned 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. |
Related Dodgy Deals
FMO has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.
|
|
|
Type:
Projects
Active
Agua Zarca hydro project Honduras
Active
Barro Blanco dam project Panama
There are no projects active for FMO now.
Dodgy Deals map
Show:
Select sectors:
News
|
|
Type:
Year:
Documents
|
|
|
|
|
|
|
|
|
|
|
|
Type:
Year:
Media
Policies
Voluntary initiatives
FMO has committed itself to the following voluntary standards:Investment policies
FMO's Sustainability Policy Universe and its exclusion list can be found on its policies & procedures pages.
Year:
Issues
FMO and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. FMO adopted the Equator Principles in 2005.
Reporting on the Equator Principles
FMO must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- FMO is in compliance with its reporting obligations. The 2014 report can be found here.
Dodgy Deals
FMO is involved in financing the following Equator Principles projects that BankTrack considers controversial.
Equator Principles
Implementation and reporting
FMO is reporting on the implementation here.
Contact and complaints
Equator Principles Dodgy Deals
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 with the murder on March 2nd of Berta Cáceres. Civil society organisations welcomed the decision and called upon the financiers to ensure proper reparations are provided to the people been adversely affected by the project to date. Read more.
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 with the murder on March 2nd of Berta Cáceres. Civil society organisations welcomed the decision and called upon the financiers to ensure proper reparations are provided to the people been adversely affected by the project to date. Read more.