SUSTAINABILITY BONDSTHE DUTCH DEVELOPMENT BANK
15.06.2015 www.fmo.nl
I. ABOUT FMO
VISION AND MISSION
We believe in a world in 2050 where 9 billion people can live well and within the boundaries of the planet. In pursuit of this vision our mission is to empower entrepreneurs to build a better world.
Our ambition is to become the leading impact investor by doubling impact and halving footprint by 2020.
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STRATEGY
II. SUSTAINABILITY BONDS
Senior unsecured bonds issued under FMO’s Debt Issuance Programme:
Green projects e.g.: - Climate change mitigation - Climate change adaptation
Inclusive finance projects: - Microfinance
FMO ESG policy and integrated approach
SUSTAINABILITY BOND FRAMEWORK
1. Use of Proceeds
2. Process for Project Evaluation and Selection
3. Management of Proceeds
4. Reporting
GREEN BOND PRINCIPLES
▪ Eligibility criteria documented in the Final Terms
▪ Eligible green projects ‒ Renewable energy ‒ Energy efficiency
▪ Eligible inclusive finance projects ‒ Microfinance Institutions
▪ EUR 463 million disbursed as per December 2014
Disbursements per category (EUR mln)
PRINCIPLE 1: USE OF PROCEEDS
87
376
37
AvailableDisbursed, greenDisbursed, inclusive
202
104
78
79
Eastern Europe & Central AsiaLatin America & CarribeanAfricaAsia
PRINCIPLE 2: GREEN PROCESS
* Inclusive finance only entails microfinance
NewsletterAnnual Report
PRINCIPLE 4: REPORTING
PRINCIPLE 4: REPORTING
Project disclosure
▪ Strong internal expertise
▪ Excellent reporting
“FMO's expertise in areas of project selection and measurement make it highly likely that assets selected for the Sustainability Bond will have a strong impact in the areas of climate change mitigation, climate change adaptation and inclusive finance”
“FMO’s reporting will be very detailed and transparent, which will provide investors clarity about the bond investments”
“SUSTAINALYTICS CONSIDERS FMO’S SUSTAINABILITY BOND TO BE ROBUST, CREDIBLE AND TRANSPARENT”
SECOND OPINION BY SUSTAINALYTICS
