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

PRI reporting framework 2020

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Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

In 2016, FMO launched the FMO Sustainability Policy Universe. This universe brings together multiple sets of documents and tools that together form the framework that guides FMOs efforts in relation to Environmental, Social and Governance (ESG) issues. FMO has realized a comprehensive and holistic approach to contributing to sustainable development, aligned with the Global Goals for Sustainable Development and in compliance with the many international norms and standards that are aimed to shape corporate responsible behavior.
 
 The FMO Sustainability Policy Universe encompasses:
 
 1) The FMO Sustainability Policy 2) FMO Position Statements 3) Investment Criteria 4) Exclusion List 5) Goal and Target Setting, including key-performance indicators 6) Tracking of Environmental, Social and Governance risk mitigation in the FMO portfolio 7) Ex-ante and Portfolio Disclosure 8) Accountability and learning 9) Stakeholder engagement 10) Integrated Reporting 11) Complaints Mechanism 12) FMO Sustainability Management System 13) Dedicated teams
 
 With all these elements FMO has realized a holistic and integrated approach to managing Sustainability in its operations, putting FMO well on track to achieve its mission, vision and ambition.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

Variations and exceptions to FMO’s Sustainability Policy are outlined in our investment criteria: https://www.fmo.nl/policies-and-position-statements

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

 

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

02.3. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

Currently, should conflicts of interest arise, discussions can take place within the front office, between the front office and the risk department or in the Investment Committee (IC). The case is discussed in order to seek an outcome. These range from not proceeding with the transaction, requesting additional information to clarify issues or placing additional requirements to manage the E&S risk. In every case, the transaction is evaluated critically against FMO's financing criteria.

In case FMO is envisaging providing debt and equity to a client, the conflicts of interest are mitigated by having separated legal counsels who will provide assistance and advice on debt and equity in the same transaction. An information barrier will be implemented between those legal counsels for that specific transaction. Separate Clients files and authorizations are also setup to create information barrier. 

Information barriers exist between Front Office teams (Debt and Equity). Additionally, we have conflicts of Interest Policies in place.

03.3. Additional information. [Optional]

 

 


SG 04. Identifying incidents occurring within portfolios (Private)


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