For the election of a new advisory council member of the UN PRI (Principles for Responsible Investment), FMO decided to nominate its CIO Jurgen Rigterink for the vacant position representing European asset owners. The United Nations-supported Principles for Responsible Investment Initiative is an international network of investors working together to put responsible investment into practice. The PRI Initiative has quickly become the leading global network for investors to publicly demonstrate their commitment to responsible investment, to collaborate and learn with their peers about the financial and investment implications of ESG issues, and to incorporate these factors into their investment decision making and ownership practices. www.unpri.org
FMO’s experience has shown that incorporating ESG opportunities into business models is essential both for mitigating risk and creating development impact. Solid sustainability practices also go hand in hand with strong financial results. Our ESG specialists are fully integrated in our front office teams and we work with our clients to identify criteria and define action plans to optimize ESG impact, monitoring progress and offering support when needed. We aim to double our impact and halve our footprint by 2020. We are developing a new impact framework that will enable us to measure indicators and set targets on three dimensions of impact: economic growth, inclusive development and green development. This makes us a proud front runner: only few impact investors set targets, and even fewer set targets on both environmental and social goals. We are committed to sharing our sustainability experience and knowledge with our peers, partners and clients. That’s why we decided to nominate our CIO for the UN PRI Advisory Council. We are convinced that FMO’s perspective as a development bank with decades long experience in sustainable investing in emerging markets will bring new insights and add significant value to the Council.
About FMO
FMO (the Netherlands Development Finance Company) is the Dutch development bank. FMO supports sustainable private sector growth in developing and emerging markets by investing in ambitious entrepreneurs. FMO believes a strong private sector leads to economic and social development, empowering people to employ their skills and improve their quality of life. FMO focuses on three sectors that have high development impact: financial institutions, energy, and agribusiness, food & water. With an investment portfolio of EUR 6.3 billion, FMO is one of the largest European bilateral private sector development banks. Sustainability is integral to FMO’s business and we seek to invest in projects that have high potential to positively affect economic growth as well as social inclusion and the environment. www.fmo.nl
