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FMO head offices in The Hague. Photo: Google Earth/Streetview

About FMO

FMO 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.

Website http://www.fmo.nl
Headquarters
Anna van Saksenlaan 71
2593 HW The Hague
Netherlands
CEO/chair Michael Jongeneel
CEO
Supervisor
De Nederlandsche Bank
Annual report Annual report 2021
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.

Complaints and 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).

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.

Dodgy Deals map

All
|
Projects
|
Companies
Targets
|
Active profiles
|
On record profiles

Policy Assessments

Tracking the Equator Principles

EPFIs reporting status

BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
FMO
2021-08-31
NLD
2020
2
2
100
1.01000000003E+38
0
Netherlands
Profile
Reporting period
2020
PF deals under EP
2
Project names reported
2
% Project names reported
100
20210831
Last update: 2021-08-31
Explanation

EP reporting page: https://equator-principles.com/reporting-fmo-netherlands-development-finance-company-2020/

Explanation

Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period. 

For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

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

2022-06-28 | Global Justice Association
blog
external news
our news

The Cash Before The Killing

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

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
external news
our news

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

2021-12-01 | International Accountability Project, Oxfam International, Profundo
blog
external news
our news

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
blog
external news
our news

Streep door omstreden lening FMO aan Hondurese bank

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

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

2021-05-20 | BankTrack
blog
external news
our news

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
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

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

2020-08-26 | Nijmegen | BankTrack
blog
external news
our news

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
blog
external news
our news

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

(article in Dutch)
2020-06-13 | De Volkskrant
blog
external news
our news

Chairman of the Board FMO steps down

2020-06-11 | FMO press release
blog
external news
our news

Nederlandse ontwikkelingsbank FMO financiert belastingontwijking via Mauritius

(article in Dutch)
2019-07-23 | Trouw
blog
external news
our news

FMO commits to Dutch Climate Accord

2019-07-10 | FMO
blog
external news
our news

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

2018-08-16 | BankTrack
blog
external news
our news

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

2017-09-27 | Global Witness
blog
external news
our news

Hydroelectric Project Opposed by Berta Caceres Suspended

2017-07-10 | Tegucigalpa | Prensa Latina
blog
external news
our news

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

2017-07-07 | Global Witness
blog
external news
our news

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

2017-07-06 | Honduras | COPINH
blog
external news
our news

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
blog
external news
our news

Backers of Honduran dam opposed by murdered activist withdraw funding

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

Barro Blanco floodings: enormous damage

2017-04-06 | Both ENDS
blog
external news
our news

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

2016-11-16 | London | BankTrack, Global Witness
blog
external news
our news

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

2016-11-10 | Ryan Brightwell – BankTrack
blog
external news
our news

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
blog
external news
our news

Jürgen Rigterink new CEO of FMO

2016-09-06 | FMO
blog
external news
our news

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

2016-05-11 | Nijmegen | BankTrack
blog
external news
our news

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
external news
our news

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
blog
external news
our news

Dutch FMO pushed Panama to continue construction Barro Blanco dam

2015-05-18 | Amsterdam | Both ENDS
blog
external news
our news

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
blog
external news
our news

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

2015-02-10 | intercontinentalcry.org
blog
external news
our news

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
external news
our news

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
blog
external news
our news

Nederlandse bank wekt woede Hondurese indianen - FMO, Agua Zarca

2014-05-06 | Volkskrant
blog
external news
our news

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
external news
our news

NGO Briefing on Independent Complaints Mechanism of FMO and DEG

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

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
blog
external news
our news

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

Documents

Type:
Year:
annual reports
2022-05-16 00:00:00

Annual report 2021

2022-05-16 00:00:00 | FMO
csr policies
2021-06-01 00:00:00

Position Statement on Phasing Out Fossil Fuels in Direct Investments

2021-06-01 00:00:00 | FMO
bank documents
2021-06-01 00:00:00

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

2021-06-01 00:00:00 | FMO
annual reports
2021-05-21 00:00:00

Annual report 2020

2021-05-21 00:00:00 | FMO
correspondence
2021-05-20 00:00:00

Letter from BankTrack, Oxfam Novib, BothENDS, SOMO and other NGOs to FMO on investments in FICOHSA

2021-05-20 00:00:00 | BankTrack, Oxfam Novib, BothENDS, SOMO and other NGOs
our publications
2020-11-24 00:00:00

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

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

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

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

Annual report 2019

2020-07-21 00:00:00 | FMO
correspondence
2020-07-07 00:00:00

Letter from NGOs to FMO on investment in FICOHSA bank

2020-07-07 00:00:00 | NGOs
annual reports
2019-03-25 00:00:00

Annual report 2018

2019-03-25 00:00:00 | FMO
annual reports
2018-03-31 00:00:00

Annual report 2017

2018-03-31 00:00:00 | FMO
csr policies
2017-08-29 00:00:00

Position Statement on Human Rights

2017-08-29 00:00:00 | FMO
csr policies
2017-08-29 00:00:00

Position Statement on Gender

2017-08-29 00:00:00 | FMO
csr policies
2017-08-29 00:00:00

Position Statement on Land Governance

2017-08-29 00:00:00 | FMO
csr policies
2017-08-29 00:00:00

Position Statement on Coal Power Generation and Coal Mining

2017-08-29 00:00:00 | FMO
csr policies
2017-08-29 00:00:00

Position Statement on Responsible Tax

2017-08-29 00:00:00 | FMO
annual reports
2017-03-31 00:00:00

Annual report 2016

2017-03-31 00:00:00 | FMO
csr policies
2017-02-03 00:00:00

Exclusion List

2017-02-03 00:00:00 | FMO
ngo documents
2017-01-31 00:00:00

Honduras: The deadliest place to defend the planet

2017-01-31 00:00:00 | Global Witness
csr policies
2017-01-01 00:00:00

Implementing FMO’s Sustainability Policy

2017-01-01 00:00:00 | FMO
csr policies
2017-01-01 00:00:00

Sustainability Policy

2017-01-01 00:00:00 | FMO
csr policies
2016-12-23 00:00:00

Position Statement on Hydro Power Plants

2016-12-23 00:00:00 | FMO
bank documents
2016-11-17 00:00:00

Declaration on moral and ethical conduct

2016-11-17 00:00:00
csr policies
2016-10-31 00:00:00

Sustainability Policy Universe

2016-10-31 00:00:00 | FMO
annual reports
2016-03-21 00:00:00

Annual Report 2015

2016-03-21 00:00:00 | FMO
annual reports
2015-11-11 00:00:00

Equator Principles Reporting 2014

2015-11-11 00:00:00 | FMO
annual reports
2015-04-13 00:00:00

Development Impact Report 2013-2014

2015-04-13 00:00:00 | FMO
annual reports
2015-04-13 00:00:00

Annual Report 2014

2015-04-13 00:00:00 | FMO
bank documents
2014-12-20 00:00:00

FMO and the Dutch Banking Code

2014-12-20 00:00:00
ngo documents
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

2014-06-27 00:00:00 | International Rivers
annual reports
2014-06-25 00:00:00

Equator Principles Reporting 2013

2014-06-25 00:00:00 | FMO
ngo documents
2014-02-14 00:00:00

Briefing on FMO compliance Mechanism

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

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

2014-02-04 00:00:00 | FMO
annual reports
2014-01-01 00:00:00

Annual Report 2013

2014-01-01 00:00:00 | FMO
correspondence
2013-12-20 00:00:00

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

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

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

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

Letter from COPINH to FMO on Agua Zarca dam

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

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

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

Letter from BankTrack to FMO on Agua Zarca dam

2013-09-25 00:00:00 | BankTrack
annual reports
2013-03-25 00:00:00

Annual report 2012

2013-03-25 00:00:00 | FMO
annual reports
2012-01-01 00:00:00

FMO Equator principles reporting 2012

2012-01-01 00:00:00 | FMO
annual reports
2005-01-01 00:00:00

Sustainability report 2005

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

Links

Project List

FMO's database on financed projects
https://www.fmo.nl/project-list

Policies

Voluntary standards

FMO has committed itself to the following voluntary standards:
  • Climate Statement Dutch Banking Association (NVB)
  • Code Banken (Dutch Banking Code)
  • De Spitsbergen ambitie
  • Dutch Banking Sector Agreement on International Responsible Business Conduct regarding Human Rights
  • Equator Principles
  • IFC - Operating Principles for Impact Management
  • Natural Capital Declaration
  • OECD Guidelines for Multinational Enterprises
  • Partnership for Biodiversity Accounting Financials (PBAF)
  • Partnership for Carbon Accounting Financials (PCAF)
  • Principles for Responsible Banking (PRB)
  • Principles for Responsible Investment (PRI)
  • UN Guiding Principles on Business and Human Rights

Investment policies

FMO's Sustainability Policy Universe and its exclusion list can be found on its policies & positions statements page.

Year:
csr policies
2021-06-01 00:00:00

Position Statement on Phasing Out Fossil Fuels in Direct Investments

2021-06-01 00:00:00 | FMO
csr policies
2017-08-29 00:00:00

Position Statement on Human Rights

2017-08-29 00:00:00 | FMO
csr policies
2017-08-29 00:00:00

Position Statement on Gender

2017-08-29 00:00:00 | FMO
csr policies
2017-08-29 00:00:00

Position Statement on Land Governance

2017-08-29 00:00:00 | FMO
csr policies
2017-08-29 00:00:00

Position Statement on Coal Power Generation and Coal Mining

2017-08-29 00:00:00 | FMO
csr policies
2017-08-29 00:00:00

Position Statement on Responsible Tax

2017-08-29 00:00:00 | FMO
csr policies
2017-02-03 00:00:00

Exclusion List

2017-02-03 00:00:00 | FMO
csr policies
2017-01-01 00:00:00

Implementing FMO’s Sustainability Policy

2017-01-01 00:00:00 | FMO
csr policies
2017-01-01 00:00:00

Sustainability Policy

2017-01-01 00:00:00 | FMO
csr policies
2016-12-23 00:00:00

Position Statement on Hydro Power Plants

2016-12-23 00:00:00 | FMO
csr policies
2016-10-31 00:00:00

Sustainability Policy Universe

2016-10-31 00:00:00 | FMO

Equator Principles

Implementation and reporting

FMO is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

on record

Agua Zarca hydro project Honduras

Hydroelectric Power Generation
active

Nachtigal hydropower plant Cameroon

Hydroelectric Power Generation
on record

Barro Blanco dam project Panama

Hydroelectric Power Generation
on record

Nam Theun 2 dam Laos

Hydroelectric Power Generation
on record

Theun-Hinboun dam expansion Laos

Hydroelectric Power Generation

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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