Starting on 1 July 2016 and ending in December 2016, FMO will pilot an “Ex-Ante Disclosure” program for disclosure of transactions before contracting.
During the pilot phase, a selected group of Energy and Agribusiness debt transactions with high environmental and social risk will be "ex-ante" disclosed. This means that FMO will disclose information about these investments before contracting, for a minimum period of 30 days. Selected transactions will be transactions that are placed in risk category A and risk-category B+, which involve the acquisition of new land.Only transactions for new clients and where FMO is in the lead (on behalf of FMO as well as for government funds managed by FMO) are included.
The objective of the program is to generate greater transparency by creating an opportunity for stakeholders to provide input to FMO's investment decisions. In this way, FMO aims to advance the quality and substantiation of its work. First ex-ante disclosures are expected to take place after the summer, most probably end of September. Just as FMO’s regular disclosures, "ex-ante" disclosures will be published on FMO’s website, within the project list section.
The pilot program will be evaluated in November 2016. Results will be incorporated in the implementation of the full ex-ante disclosure program, which will start at the beginning of 2017.
Questions will be answered by email, through disclosure@fmo.nl.
