In the past years environmental, social and governance (ESG) policies have been integrated successfully into the business, with the focus to date mainly on environmental and social issues. With the increased regulation concerning governance and compliance, corporate governance will acquire a more prevalent role in 2012.

The increased attention to climate change offers opportunities for FMO to mobilize private sector funds for climate change. Our expanding sustainable energy portfolio gives us a good basis. In addition, we are finalizing the financing of three climate change initiatives in the field of biodiversity and forestry. We will undertake more climate change activities, in order to position FMO further as a leading Development Finance Institution (DFI) in climate finance.