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Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO)

PRI reporting framework 2020

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Post-investment (monitoring)

PE 09. Proportion of companies monitored on their ESG performance

09.1. Indicate whether your organisation incorporates ESG issues in investment monitoring of portfolio companies.

09.2. Indicate the proportion of portfolio companies where your organisation included ESG performance in investment monitoring during the reporting year.

 (in terms of total number of portfolio companies)

09.3. Indicate ESG issues for which your organisation typically sets and monitors targets (KPIs or similar) and provide examples per issue.

ESG issues

List up to three example targets of environmental issues

Example 1

          Environmental management
        

Example 2 (optional)

          Monitoring process for quantifying reductions in greenhouse gas emissions
        

Example 3 (optional)

          
        

List up to three example targets of social issues

Example 1

          Labor and working conditions
        

Example 2 (optional)

          Land acquisition and resettlement
        

Example 3 (optional)

          
        

List up to three example targets of governance issues

Example 1

          Community and wider stakeholder issues
        

Example 2 (optional)

          Day-long training on conducting Supervisory Board evaluations for FMO colleagues and several Directors  that sit on the boards of our investee companies.
        

Example 3 (optional)

          
        

09.4. Additional information. [Optional]

We monitor all medium and high E&S risk in our entire portfolio, not just the medium and high E&S risks in our target. Out of a total of approximately 800 clients, there are 306 clients with a high E&S risk category (A or B+). FMO accepts that when we first start working with a client the ESG performance may be below standard but we expect performance to improve over time in line with agreed action plans.


Most clients show progress towards these action plans and meeting our standards. FMO has, however, identified A and B+ clients that are not managing their E&S risks in line with expectations or that are materially behind schedule.  Our report provides a summary of the key issues we have identified and how we engage with our clients to help them get (back) on track: https://annualreport.fmo.nl/2019/


PE 10. Proportion of portfolio companies with sustainability policy

10.1. Indicate if your organisation tracks the proportion of your portfolio companies that have an ESG/sustainability-related policy (or similar guidelines).

10.2. Indicate what percentage of your portfolio companies has an ESG/sustainability policy (or similar guidelines).

(in terms of total number of portfolio companies)

10.3. Additional information. [Optional]


PE 11. Actions taken by portfolio companies to incorporate ESG issues into operations

11.1. Indicate the types of actions taken by your portfolio companies to incorporate ESG issues into operations and what proportion of your portfolio companies have implemented these actions.

Types of actions taken by portfolio companies

Implemented by percentage of portfolio companies

(in terms of total number of portfolio companies)

Implemented by percentage of portfolio companies

(in terms of total number of portfolio companies)

Implemented by percentage of portfolio companies

(in terms of total number of portfolio companies)

Implemented by percentage of portfolio companies

(in terms of total number of portfolio companies)

Implemented by percentage of portfolio companies
Implemented by percentage of portfolio companies

Implemented by percentage of portfolio companies

          follow up E&S action plan / and Capacity Development Programs to help incorporate ESG issues
        

(in terms of total number of portfolio companies)

11.2. Describe how your organisation contributes to the portfolio companies’ resourcing and management of ESG issues.

For all high risk and medium/high risk companies an E&S action plan is prepared and agreed upon with the company. The E&S action plan helps the company to implement specific ESG issues like a dedicated and responsible E&S person; thorough E&S management system; implementation of specific ESG interventions (e.g. Occupational Health & Safety Procedures, Grievance mechanism, Resource efficiency measures).

 


PE 12. Type and frequency of reports received from portfolio companies (Private)


PE 13. Disclosure of ESG issues in pre-exit (Private)


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