Consideration of accreditation proposals – Addendum V Re-accreditation assessment of RAPL040

The Green Climate Fund's Accreditation Panel recommends the re-accreditation of the Food and Agriculture Organization of the United Nations (FAO) for a second term, maintaining its scope for medium-sized projects and medium environmental and social risk (Category B). The assessment confirms FAO's strong technical expertise in adaptation, REDD+, and the blue economy, and its ability to implement GCF's gender and environmental and social policies. While generally compliant, the Panel identified a gap in explicit policy statements regarding Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), making the re-accreditation conditional upon the formal approval of an AML/CFT policy or the inclusion of consistent statements within its prohibited practices policies.

• The FAO portfolio consists of 20 approved funded activities, with 18 under implementation as of 31 July 2023, totaling a value of USD 1,049.25 million, of which GCF funding is USD 622.5 million.
• Eight funded activities are considered not to be on track due to COVID-19 pandemic impacts and operational challenges: FP062, FP089, FP108, FP118, FP126, FP159, SAP014, and SAP019.
• FAO's current pipeline includes 21 proposals (15 concept notes and 6 funding proposals) with an estimated total financing of USD 1.1 billion, with a strong focus on adaptation and cross-cutting results.
• FAO has a significant track record in REDD+ results-based payments, accounting for 38 per cent of approved REDD+ RBP projects, and has reduced a cumulative 430.4 million tonnes of carbon dioxide equivalent from 2019 to 2021 across seven countries.
• Between 2018 and 2022, FAO's total investments in climate-related projects amounted to USD 4,377,506,862, with the agriculture sector dominating at 40.19 per cent and forestry at 13.55 per cent.
• FAO's corporate greenhouse gas emissions showed a 15 per cent drop from 2020 figures and are 67 per cent below the 2018 benchmark, with air travel remaining the primary contributor.
• FAO's gender policy, procedures, and competencies are consistent with the Updated GCF Gender Policy, supported by a Gender Team of 36 headquarters staff and five regional officers.
• The re-accreditation is conditional upon FAO providing evidence of a formally approved AML/CFT policy or including clear AML/CFT statements within its prohibited practices policies consistent with GCF standards.

APA

Green Climate Fund (2023). Consideration of accreditation proposals – Addendum V Re-accreditation assessment of RAPL040. https://www.greenclimate.fund/sites/default/files/document/13-considersation-aps-add-v-rapl040-gcf-b37-03-add05.pdf

Chicago

Green Climate Fund. Consideration of accreditation proposals – Addendum V Re-accreditation assessment of RAPL040. 2023. https://www.greenclimate.fund/sites/default/files/document/13-considersation-aps-add-v-rapl040-gcf-b37-03-add05.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Consideration of accreditation proposals – Addendum V Re-accreditation assessment of RAPL040 |date=2 October 2023 |url=https://www.greenclimate.fund/sites/default/files/document/13-considersation-aps-add-v-rapl040-gcf-b37-03-add05.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2023consideration, author = {{Green Climate Fund}}, title = {{Consideration of accreditation proposals – Addendum V Re-accreditation assessment of RAPL040}}, institution = {Green Climate Fund}, year = {2023}, month = oct, url = {https://www.greenclimate.fund/sites/default/files/document/13-considersation-aps-add-v-rapl040-gcf-b37-03-add05.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }