Agribusiness has been prioritized by FMO as one of three strategic sectors due to increasing food demand as a result of a growing world population base – we see this as one of the biggest challenges for the future. Therefore, stable and affordable access to food requires a global value chain approach where sustainable investment is focused on alleviating bottlenecks in farming, processing, logistics and distribution.
FMO’s EUR 700 million Agribusiness portfolio is invested in Africa, Asia, Latin America and Eastern Europe, with a concentration in the larger agricultural countries. Our focus on sustainable agribusiness offers investment opportunities with a high development impact. We add value to our clients’ businesses by promoting good agricultural practices, corporate governance, risk management, good labour conditions and financial inclusion.
FMO’s Agribusiness team currently consists of 28 employees including 3 dedicated Environmental and Social specialists/analysts and is part of the Investment Directorate. The team focuses on providing structured finance through debt and equity-like instruments and maintains close relations with the (agribusiness) colleagues from the Financial Institutions, Energy, NL Business and Private Equity departments. Direct equity investments are managed by the PE department. Active portfolio management of the existing agribusiness portfolio and investing in new investments in a diversified, market driven return and sustainable manner is key to realizing our targets going forward.
In order to further support our long term growth ambitions, the Agribusiness department is looking for a (Senior) Environmental and Social (E&S) Officer (Specialist) with immediate availability. The (Senior) E&S Officer reports to the Manager of the Africa/Asia group inside the Agribusiness Department and works in close cooperation with E&S Officers, Analysts and other members of the deal team.
The (Senior) E&S Officer will scope, plan and execute environmental and social due diligence for new projects and clients for the Agribusiness department. After due diligence, the (Senior) E&S officer will translate the findings in an Environmental and Social Review Summary and will develop and discuss with the clients an improvement plan (Environmental and Social Action Plan or ESAP) to bring the project and/or the client’s business in compliance with the IFC Performance Standards and mitigate E&S related risks.
Risk Analysis & Mitigation:
- Execute due diligence assessments on potential clients of the Agribusiness Department. These are often corporates, active in production, processing, and distribution; more specifically trading companies sourcing and selling various commodities. The supply chain in Agribusiness quite often involves smallholder farmers. Land grab, land rights, child labour, water management and rights, agrochemicals, biodiversity, deforestation and community impacts are recurrent E&S issues.
- Prepare Terms of Reference (ToR) for external consultants for both due diligence assessments and monitoring reviews – and manage the execution of the agreed work;
- Identify the potential of clients with regards to greener production, water savings and inclusiveness as the strategic themes of Agribusiness;
- Cooperate with internal stakeholders to streamline the E&S processes and corporate sustainability initiatives;
- Support our technical assistants team with relevant information on environmental and social aspects in our capacity development program to improve the performance of our clients.
Translate Risks & Opportunities in Added Value to Clients:
- In the context of FMO strategy with a focus on GHG, Resource Efficiency, Water Footprint and Inclusiveness;
Monitor Implementation of E&S Action Plans (ESAP’s):
- Monitor progress on implementation of ESAP’s and report progress to management and FMO’s partners.
- Apply policies, standards and investment criteria following pre-defined processes and formats;
- Translate general E&S policies and objectives into operational procedures;
- Cooperate within the E&S community and interact frequently with deal-team members, clients, partners and consultants.
- Master degree in either sustainability, social and/or environmental sciences or related field of E&S-expertise preferably with agribusiness; or Master degree in Agriculture with experience in environmental and social impacts of agriculture.
- Knowledge of international standards (e.g. IFC Performance Standards, OECD, ILO, Human Rights), certifications and E&S risk profiles in emerging markets (ISO 9001; ISO 14001, OHSAS 18001; SA 8000);
- Minimum of 7 to 10-years relevant working experience;
- Knowledge of supply chain certificates like UTZ, Rainforest Alliance, etc. and industry standards (RSPO, RTRS, Bonsucro, etc.) is welcomed.
- Project & process management skills (delivering results within project scope and close cooperation with other deal-team members and partners);
- Priority setting, ability to distinguish between main and side matters;
- Analytical capacities, able to arrive at well-considered opinions and set priorities for action;
- Intercultural negotiation and presentation skills.
- Strong oral and written communication skills.
Fluency in English is a prerequisite; French is an advantage.