Dear Members and Alternate Members of the Board

A coalition of civil society organizations requests that the Green Climate Fund (GCF) maintain its fossil fuel-free status by establishing a formal investment policy consistent with ESG standards and the Paris Agreement. The signatories argue that investing in high-carbon sectors poses systemic financial and reputational risks and call for the GCF to require any candidate for Permanent Trustee to commit to an ethical, fossil-free asset management strategy.

• The GCF is urged to adopt an investment policy for its treasury that maintains a "fossil fuel-free status" and aligns with international environmental, social, and governance (ESG) standards.
• The authors argue that a decarbonized portfolio is necessary for compliance with Article 2 of the Paris Agreement, which seeks to make "finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development."
• Investments in high-carbon and environmentally unsustainable sectors are identified as posing "systemic financial risk" as well as physical and reputational risks to the GCF.
• The document highlights a global trend toward divestment, noting that as of December 2016, approximately 688 institutions and nearly 60,000 individuals committed to fossil fuel divestment, with an estimated asset value of "USD $5 trillion".
• The signatories request that the GCF Board require candidates for the Permanent Trustee to commit to an "ethical, fossil-free investment policy" and that the Secretariat develop a policy prohibiting fossil fuel investments in line with the UN Principles for Responsible Investment.

APA

Carbon Market Watch (2017). Dear Members and Alternate Members of the Board. https://carbonmarketwatch.org/wp-content/uploads/2017/09/GCF-investment-letter.pdf

Chicago

Carbon Market Watch. Dear Members and Alternate Members of the Board. 2017. https://carbonmarketwatch.org/wp-content/uploads/2017/09/GCF-investment-letter.pdf.

Wikipedia

{{cite press release |author=Carbon Market Watch |title=Dear Members and Alternate Members of the Board |date=March 2017 |url=https://carbonmarketwatch.org/wp-content/uploads/2017/09/GCF-investment-letter.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{carbonmarketwatch2017dear, author = {{Carbon Market Watch}}, title = {{Dear Members and Alternate Members of the Board}}, publisher = {Carbon Market Watch}, year = {2017}, month = mar, url = {https://carbonmarketwatch.org/wp-content/uploads/2017/09/GCF-investment-letter.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }