Standards

In deploying its resources, the Green Climate Fund will work through a wide range of institutions to finance projects and programmes. To access funding, these institutions will go through a process of “accreditation,” designed to assess whether they are capable of strong financial management and of safeguarding funded projects and programmes against any unforeseen environmental or social harm.

 

The accreditation process is also designed to assess whether applicant entities have the ability to manage GCF's resources in line with the Fund's fiduciary standards for the scale and type of funding sought, as well as the ability to manage environmental and social risks that may arise at the project level. Entities seeking accreditation to access GCF resources will also be assessed against the Fund’s Gender Policy.

Accredited Entities (AEs) carry out a range of activities that may include developing and submitting funding proposals for, and overseeing the management and implementation of, projects and programmes; deploying a range of financial instruments within their respective capacities (grants, loans, equity, and guarantees); and mobilizing private sector capital.

The GCF Accreditation Policies and Standards are listed below:

• Introduction to Accreditation Framework
• Fiduciary Standards
  • Interim Policy on Prohibited Practices
• Environmental and Social Safeguards
  • Information Disclosure Policy requirements for E&S report disclosure
• Gender Policy and Action Plan
• Policy on Accreditation Fees

For more Information, please check: HERE