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.
FMO offeres all employees an online course on the IFC Performance Standards, which guide our Environmental and Social Policy and offer insight into the sustainability aspects of our investment activities. Our intranet also offers resources to promotes sustainable living, working and travel practices – both in our professional 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.
In order to minimize our impact in our food supply chain, our office in The Hague uses a caterering services that:
- Uses organic food (about 30% of the assortment) and, wherever possible, food that is sustainably produced
- Uses vegetables that have been cultivated without chemicals and in a sustainable way (vegetables account for 60% of the total assortment)
- Uses a more energy efficient and water efficiency dishwasher
- Uses meat that has at least 1 star (as certified by the Dierenbescherming rating), meatless Monday
- Uses seasonal and regional (local) products
- Orders food 3 times a week from suppliers, in order to minimize the transportation footprint
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, employees also have the option of borrowing an electric Mercedes A car for short-term (day long) business purposes.
FMO’s office building is A-lable certified for energy efficiency on a scale of A (most efficient) to G (least efficient). Our lease agreement furthermore incorporates continual investment to maintaining this certification.
As of October 1, 2014 FMO became a partial owner of a windmill, which supplies part of our energy. The building heating is powered by The Hague's waste renewal system, and our data center and servers use energy-efficient virtualization technology. Finally, the LED screens and updated laptops reduce wattage use by approximately 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.