Green Climate Fund accreditation of Deutsche Bank sparks concern about integrity and reputation of Fund

The document expresses disappointment over the Green Climate Fund's (GCF) accreditation of Deutsche Bank, the World Bank, the European Bank for Reconstruction and Development (EBRD), and the Inter-American Development Bank (IDB). The signatories argue that accrediting entities with poor human rights records and heavy investments in coal and fossil fuels contradicts the GCF's goal of supporting low-carbon, climate-resilient societies. They further criticize the accreditation process as non-transparent, alleging that the Board approved applicants in blocs, which encouraged 'political horse-trading' and ignored critical information about the track records of the institutions involved.

• The accreditation of Deutsche Bank is viewed as contradictory to the GCF's standards because the bank is a major financier of coal, has a poor human rights monitoring record, and has been fined by regulators for market manipulation and poor anti-money-laundering governance.
• The GCF's accreditation of the World Bank, the European Bank for Reconstruction and Development (EBRD), and the Inter-American Development Bank (IDB) is criticized for favoring top-down, donor-driven models over the needs of developing countries and communities.
• The accreditation process is described as non-transparent and prone to political compromise, specifically through the practice of approving applicants in single blocs.
• The signatories claim that the GCF Board relied on partial, one-sided information from the Accreditation Panel and excluded civil society input by keeping applicant names secret until approval.

APA

Center for International Environmental Law (2015). Green Climate Fund accreditation of Deutsche Bank sparks concern about integrity and reputation of Fund. https://www.ciel.org/news/green-climate-fund-accreditation-of-deutsche-bank-sparks-concern-about-integrity-and-reputation-of-fund/

Chicago

Center for International Environmental Law. Green Climate Fund accreditation of Deutsche Bank sparks concern about integrity and reputation of Fund. 2015. https://www.ciel.org/news/green-climate-fund-accreditation-of-deutsche-bank-sparks-concern-about-integrity-and-reputation-of-fund/.

Wikipedia

{{cite press release |author=Center for International Environmental Law |title=Green Climate Fund accreditation of Deutsche Bank sparks concern about integrity and reputation of Fund |date=9 July 2015 |url=https://www.ciel.org/news/green-climate-fund-accreditation-of-deutsche-bank-sparks-concern-about-integrity-and-reputation-of-fund/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{centerforinternationalenvironmentallaw2015green, author = {{Center for International Environmental Law}}, title = {{Green Climate Fund accreditation of Deutsche Bank sparks concern about integrity and reputation of Fund}}, publisher = {Center for International Environmental Law}, year = {2015}, month = jul, url = {https://www.ciel.org/news/green-climate-fund-accreditation-of-deutsche-bank-sparks-concern-about-integrity-and-reputation-of-fund/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }