FMO • Integrated Report • 2017 • Organisational overview and external environment

• Connectivity of information

Key observations:

FMO’s external environment section of the report focuses on 5 key global and industry trends that affect the Group’s operation environment. In compliance with paragraph 3.6. of the <IR> Framework, the section shows a holistic picture of the combination and dependencies between market factors, risks and opportunities and links to strategy. FMO ensures that some of these potentially negative market trends are addressed proactively and consequently made into opportunities for the Group. Additionally, the interests of stakeholders are looked at in the context of each external trend, underlining the fact that stakeholders are the ultimate focus of the Group.