As a bank, FMO strives to achieve strong financial returns – but as employees, we are just as driven about our achievements reaching beyond profit.
We work at FMO because we are passionate about stimulating entrepreneurship and sustainable development in emerging economies. But we are just as sincere about our own sustainable impact.
FMO aims to achieve optimal environmental impact, currently achieving a ‘climate neutral’ rating.
We compensate for our CO2 emissions per compliance with the Gold Standard, purchasing VERs (verified emission rights) through the Climate Neutral Group. These rights are endorsed with the highest ranking from the Dutch government and World Wildlife Fund.
We also compensate for CO2 emissions from employee use of public transport in their daily commutes.
All FMO employees undergo an online IFC Performance Standards course to learn about our organization’s environmental, social and sustainable investment activities. Further, our intranet site promotes sustainable living, working and travel practices – in our work and private lives.
We prefer suppliers that offer an optimal combination of sustainable products, services and entrepreneurship.
FMO signed an agreement on implementing certain standards for facility services personnel. This ‘golden standard’ has been developed by the labor union of FNV Schoonmakers. It underlines the importance of the working conditions for facility services personnel in general.
Given them the much needed respect that they deserve, creating and stimulating their development and ensuring that they are part of the organisation they work for are central points in achieving a mutually successful relationship.
Our the Hague office caterer uses 40% organic foods, Max Havelaar certified Australian Organic Coffee and organic and/or fair trade tea. Our guest are served Earth water during meetings. The Earth Group mandate is to give 100% of their net profits to the United Nations World Food Programme, to support their global fight against hunger through school meal programmes.
FMO offers its employees the option to travel to work by public transport and/or through a tax-free purchase of a bicycle.
Our ‘Green Car’ policy encourages lease cars to be below the maximum annual CO2 emissions limit. Since August 2011, we have been offering an electric Mercedes A lease car option.
FMO’s office building is A-label certified for energy efficiency on a scale of A (most efficient) to G (least efficient) – and our lease agreement incorporates continual investment to maintaining this certification.
Further, we rely on hydropower as our energy source, with our heating based on the city’s waste renewal system. Our data center and servers use energy-efficient virtualization technology. And LED screens and updated laptops reduce wattage use by circa 24 watts/hour.
FMO encourages the use of paperless communication as much as possible. For example, our annual audits with KPMG are electronic based, and we are completing the incorporation of digitalized signatures and invoices.
For when paper-based communication is necessary, we use only recycled or FSC-certified paper. Our new wax printers are ozone-free, toner-less to reduce plastic waste, and set for double-sided printing.
FMO recognizes that our largest footprint comes from air travel to and from client meetings abroad and through our own clients' impact.
We are constantly looking for innovations for reducing this impact, helping our clients incorporate sustainable practices into their business models wherever possible.