Accreditation assessment of Applicant 011 (APL011)

The Green Climate Fund's Accreditation Panel recommends the accreditation of Applicant 011 (APL011) for large-scale projects and high environmental and social risk categories. APL011, a regional financial institution in Latin America and the Caribbean, met basic and specialized fiduciary standards, including on-lending and grant allocation. While it substantially meets environmental and social safeguard (ESS) requirements, accreditation is conditional upon the finalization of its consolidated blueprint for E&S management and alignment of its performance standard 2 with the Fund's ESS. The applicant also demonstrated consistency with the Fund's gender policy, despite lacking a track record in gender and climate change.

• APL011 is recommended for accreditation to manage large projects (those with total projected costs above US$ 250 million) and high-risk environmental and social (E&S) categories (Category A/Intermediation 1).
• The applicant fully meets the Fund's basic fiduciary standards and specialized fiduciary standards for project management, grant award/funding allocation mechanisms, and on-lending/blending for loans, equity, and guarantees.
• APL011 has a history of investing over US$ 800 million in green energy and greenhouse gas emissions mitigation, specifically targeting renewable energy, energy efficiency, sustainable transport, and disaster risk reduction.
• Accreditation is conditional upon APL011 completing two requirements before the first disbursement: aligning its project-specific performance standard 2 with the Fund's ESS and obtaining senior management approval for its consolidated blueprint for E&S management.
• The applicant's environmental and social management system (ESMS) utilizes an E&S risk matrix and a geographical information system to identify sensitive or vulnerable areas during project origination.
• While APL011's policies and competencies are consistent with the Fund's gender policy, the institution lacks a proven track record of implementing gender and climate change projects.

APA

Green Climate Fund (n.d.). Accreditation assessment of Applicant 011 (APL011). https://www.greenclimate.fund/sites/default/files/decision/b10/decision-b10-06-b10-a11.pdf

Chicago

Green Climate Fund. Accreditation assessment of Applicant 011 (APL011). n.d. https://www.greenclimate.fund/sites/default/files/decision/b10/decision-b10-06-b10-a11.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Accreditation assessment of Applicant 011 (APL011) |url=https://www.greenclimate.fund/sites/default/files/decision/b10/decision-b10-06-b10-a11.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefundndaccreditation, author = {{Green Climate Fund}}, title = {{Accreditation assessment of Applicant 011 (APL011)}}, institution = {Green Climate Fund}, url = {https://www.greenclimate.fund/sites/default/files/decision/b10/decision-b10-06-b10-a11.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }