Fmo
FMO, or the Netherlands Development Finance Company, is a prominent player in the development finance industry, headquartered in the Netherlands (NL). Established in 1970, FMO has made significant strides in promoting sustainable economic growth across emerging markets, particularly in Africa, Asia, and Latin America. Specialising in providing financial solutions, FMO focuses on sectors such as renewable energy, infrastructure, and financial institutions. Its unique approach combines investment with development impact, ensuring that projects not only yield financial returns but also contribute positively to local communities. With a strong market position, FMO has garnered recognition for its commitment to sustainable development, making it a trusted partner for businesses and governments alike. The company continues to innovate in its offerings, reinforcing its role as a leader in development finance.
DitchCarbon Score
How does Fmo's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Fmo's score of 19 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Fmo's reported carbon emissions
In 2023, FMO reported total carbon emissions of approximately 8,403,000,000 kg CO2e, with Scope 1 and 2 emissions accounting for about 1,302,000,000 kg CO2e and Scope 3 emissions reaching approximately 7,101,000,000 kg CO2e. This marks a significant increase in emissions compared to previous years, reflecting the complexities of their operational and investment activities. In 2022, FMO's total emissions were about 8,093,000,000 kg CO2e, with Scope 1 emissions at approximately 420,000 kg CO2e, Scope 2 at about 30,000 kg CO2e, and Scope 3 emissions at around 6,464,000,000 kg CO2e. The trend indicates a growing carbon footprint, particularly in Scope 3 emissions, which encompass indirect emissions from their investments and supply chain. FMO has not disclosed specific reduction targets or initiatives as part of their climate commitments. However, they are actively engaged in assessing and managing their carbon emissions, aligning with industry standards for transparency and accountability in climate action. The absence of defined reduction targets suggests a need for further commitment to measurable climate goals. Overall, FMO's emissions data highlights the challenges faced in reducing carbon footprints while managing extensive investment portfolios, particularly in a rapidly evolving climate landscape.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,612,610,000 | 0,000,000,000 | 000,000 | - |
| Scope 2 | 287,038,000 | 000,000,000 | 00,000 | - |
| Scope 3 | 3,350,329,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Fmo is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
