Reducing FMO's Footprint
At FMO we try in every sense to embody our attitude towards ESG and our footprint. In 2012, we took steps to further embed sustainability in our operations. In the third quarter, we set up the SHIFT Project, which will define the changes required across the business in order to meet the targets of our new 2013-2016 strategy: becoming the leading impact investor by doubling impact and halving footprint.
In addition to a Corporate Governance Officer, FMO appointed 3 new environmental and social specialists, raising the total number of E&S specialists at FMO to 16 from 13.
FMO proactively minimizes its environmental footprint and has a ‘climate neutral’ rating. We compensate for our CO2 emissions by complying with the Gold Standard and purchasing verified emission rights through the Climate Neutral Group, though our Southern Africa regional office is not yet included in this compensation. In 2012 we changed our CO2 compensation methodology, and therefore cannot report on this figure at this time. In previous years the Climate Neutral Group provided us our total CO2 emissions compensation. However we have chosen to compensate the largest share of our CO2 emissions at their source. As employee flight travel is our largest source of emissions, this share will be compensated through our preferred carrier, KLM. This data will only become available in March 2013.
We also prefer suppliers who offer a combination of sustainable products and services. In 2012 we also signed an agreement on implementing Gouden Standaard (‘Golden Standards’) for facility services personnel in our office in the Netherlands. The standard was developed by the local labor union FNV Schoonmakers and underlines the importance of good working conditions for facility services personnel. Read more on our website about the measures we take to leave a light footprint, including our mobility and energy policies at our office.
Despite these initiatives, measuring our overall footprint remains a challenge, particularly when it comes to emissions. Given our target of halving our footprint by 2020, quantifying this reduction accurately is a major priority. In 2013, we will step up efforts to define FMO’s impact and footprint framework and make our targets measurable.