Learn from Michael Jongeneel, about ESG data aggregation practices within FMO and digitalization benefits for SMEs.
Interview led by Hans Koning, Global Chief Industry Specialist, Digital Finance at IFC.
‘I have been in Mumbai for less than 24 hours, but I already had a couple of very interesting discussions and potential collaboration with Indian institutions and beyond and enjoyed the lively discussions on stage.
The next horizon for FMO is to gather data not only on financials but also on ESG standards to move together to the UN sustainable goals by 2030.
Digitalization contributes to SME growth because it generates more innovative types of financial products, in particular credits that are faster and give more insights into SME clients’.
More about FMO, the Dutch entrepreneurial development bank
As a leading impact investor, our mission is to create a more sustainable future through private sector investments in over 80 developing countries and emerging economies across the globe. Not only do we create and support jobs by investing in ambitious projects and entrepreneurs, we also focus on generating income and long-term business growth with the aim of making the world a better place than it was when we first started. By taking on investments that commercial parties are not willing to risk, we are able to serve those in more dire need of financial assistance, providing much-needed liquidity especially in the wake of the COVID-19 pandemic. We focus on three sectors that provide high development impact: financial institutions, energy, and agribusiness, food, and water. Our committed portfolio reaches over EUR 10.4 billion across over 80 countries, making FMO one of the larger bilateral private sector development banks in the world. Thanks to our 50+ years of success in these high-risk markets, we can generate more funding for customers, while contributing to the UN’s 17 Sustainable Development Goals, with an emphasis on reducing inequality, leading climate action change, and driving economic growth.
More about our Leader Dialogue Series
A series of 10 to 15 minutes interviews with CEOs, senior executives of financial institutions and technology companies as well as financial sector regulators. Those one-on-one interviews are led by an industry expert from within the World Bank Group or outside.
