Sustainability Bonds Framework | Dutch Development Bank

Strategy aimed at creating greater impact

We believe in a world in which, in 2050, nine billion people will live well and within planetary boundaries. To achieve this vision, our strategy calls on us to pioneer, develop and scale. In doing so, we focus on three Sustainable Development Goals (SDGs):

• Decent Work and Economic Growth (SDG 8): increasing economic growth and decent quality jobs for all;
• Reduced Inequalities (SDG 10): focusing on investments in inclusive businesses and least developed countries;
• Climate Action (SDG 13): growing our “green” portfolio aimed at reducing greenhouse gas emissions, increasing resource efficiency, preserving and growing natural capital, supporting climate mitigation and climate adaptation.

FMO invests for impact in its three core sectors: (i) Agribusiness, Food & Forestry, (ii) Energy and (iii) Financial Institutions) and is focused on Africa, Asia, Latin America and the Europe and Central Asia region.

A framework aligned with market standards and with the Common Principles of Multilateral Development Banks (MDBs)

In its 2025 update, FMO aimed to align its Bond Framework with the latest internal and external developments (last update dated March 2020). The Sustainability Bond Framework reflects FMO’s internal processes and strategy regarding ESG as well as detailed Green and Social eligible categories. The Framework has been externally reviewed by S&P Global Ratings.

The climate-related definitions and concepts defined in this Framework are largely based on the Common Principles developed by the MDBs (Principles on Tracking Climate Mitigation Finance, Principles on Tracking Climate Change Adaptation Finance and Principles for Tracking Nature-positive Finance.

In addition, the Framework is aligned with the latest ICMA Bond Principles (Green, Social and Sustainability)

The Framework allows FMO to issue i) Green; ii) Social; and iii) Sustainability Bonds.

Through FMO bonds, we provide investors the opportunity to support FMO’s green and inclusive lending in emerging markets, while benefiting from FMO’s AAA credit rating.

Comprehensive Sustainability Universe

The Sustainability Bonds Frameworks complements FMO’s existing Sustainability Universe (see link) which includes

• Sustainability policy
• Responsible Investing Statements
• Position Statements
• Exclusion List

Outstanding ESG Bonds issued