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NOTEWORTHY INITIATIVES, OPPORTUNITIES, UPCOMING EVENTS AND MORE.
OPPORTUNITY
PIONEERING CLIMATE SOLUTIONS THROUGH INNOVATIVE FINANCING
The Dutch Fund for Climate and Development (DFCD), established in 2019 by the Dutch government, aims to enhance its collaboration with financial institutions for advancing climate resilience in emerging and developing economies. DFCD channels capital through these institutions into key areas like forestry, food security, land, ecosystems, and water projects, actively supporting the shift towards a low-carbon economy. The DFCD team seeks solutions for bolstering scalability among smaller FIs, including subordinated loans to boost Tier 2 capital. Additionally, thanks to the European Commission's guarantee, the DFCD can offer ticket sizes of up to 25 million. The collaborative approach, uniting grant or Technical Assistance packages with loan facilities from SNV and WWF, along with FMO's loan facilities, has proven highly effective in making a significant impact on financial institutions committed to sustainable climate solutions.
During their visit to India, the DFCD team met several DVARA clients and, in partnership with the local WWF organization, are exploring ways to further 'green' Dvara's portfolio. This DVARA client uses the agricultural loan to feed her cattle and grow crops that she sells at the local market.
NEW TOOL
YOUR ENVIRONMENTAL & SOCIAL MANAGEMENT SYSTEM: JUST ONE CLICK AWAY!
FMO is set to launch an innovative, ready-to-use ESG Tool tailor-made for (M)SME-banks during our upcoming Future of Finance conference. In collaboration with Steward Redqueen, we have developed a web based ESMS tool, accessible to anyone. This tool empowers banks to effectively manage various aspects of ESG risk on both transaction and portfolio levels.
You can add your transaction data and it generates an overview of potential ESG risks and provides practical mitigation measures geared to the sector and location. Additionally, the tool offers guidance on establishing an external grievance mechanism and provides a self-assessment to gauge your progress in meeting the UN Principles for Responsible Banking, along with practical next steps.
MASTERCLASS
LEADERSHIP IN THE DIGITAL AGE
Leadership is becoming more critical than ever in today's rapidly evolving digital landscape. In collaboration with DFC and INSEAD, FMO is organizing an immersive executive education masterclass (invitation-only) leading up to the Singapore Fintech Festival, the world’s most impactful Fintech festival. The masterclass delves into today’s challenges of the global financial industry, building upon case studies, generating a set of concepts and tools to enable leaders from the financial industry to lead their organizations with impact and efficiency – optimizing performance amidst changing times.
INITIATIVE
THE ADAPTATION & RESILIENCE INVESTORS COLLABORATIVE
The Adaptation & Resilience Investors Collaborative (ARIC) is a global partnership of development finance institutions (DFIs) that collaborate to speed up and increase private investments in climate adaptation and resilience projects in emerging and developing economies. By working together, they build know-how, tools and develop pipelines of bankable investments in projects that address climate challenges.
Since early 2023, ARIC has been collaborating with the United Nations Environment Program Finance Initiative (UNEP FI).
The main objective of this collaboration is to encourage greater interaction and cooperation with private financial institutions in areas like capacity building, knowledge exchanges, and learning.
ARIC welcomes further engagement with private financial institutions. It seeks to foster a deeper understanding and expertise in these critical areas to collectively address climate adaptation and resilience. Click here to learn more about the progress made by the Collaborative.
UPCOMING EVENT
TALKING ABOUT SUSTAINABLE FINANCE AND CLIMATE RISK IN ECUADOR
Discussing sustainable finance and climate risk in Ecuador, the Ecuadorian Banking Association is set to organize the inaugural Sustainable Finance Forum on September 20th. FMO's Frouke Hoekstra has been invited to address climate risks, our climate action plan, and the potential for sustainable business opportunities. We take pride in our longstanding relationships with numerous banks in Ecuador and are committed to further bolstering the banking sector on its sustainable journey.
VIDEO
SPOTLIGHT ON: BANCO SUDAMERIS, PARAGUAY
UPCOMING EVENT
FOSTERING ECOSYSTEM BUILDING FOR SMES
At the Global SME Finance Forum, Michael Jongeneel, CEO of FMO, will discuss the role of DFIs in building digital ecosystem for SMEs. This event, the annual flagship event of the SME Finance Forum, will take place from 12 to 14 September in Mumbai, India. The topic is highly relevant as SME financing is evolving towards creating broader support network for clients within a single digital space. The conversation will focus on developing collaborative models, the role of financial institutions, and how as a DFI, FMO can accelerate or support these ecosystems. The event will also include the Global SME Finance Award ceremony with our NASIRA product, nominated for the competition.