Accreditation assessment of Applicant 015 (APL015)

The Accreditation Panel (AP) recommends the accreditation of Applicant 015 (APL015) for 'Large' project sizes and 'High risk' (Category A/I-1) environmental and social risk categories. The applicant, a public international financial institution operating in over 90 developing countries, was assessed via a fast-track process as an EU DEVCO entity. The AP found that APL015 fully meets the Fund's basic and specialized fiduciary standards, including project management, grant award mechanisms, and on-lending/blending. It also complies with interim environmental and social safeguards (ESS) and gender policies, although it was advised to finalize its formal stakeholder complaints mechanism.

• Applicant 015 (APL015) is a public international financial institution with operations in more than 90 developing countries, including small island developing States and least developed countries, and committed nearly US$3 billion to climate finance last year.
• The applicant is recommended for accreditation for 'Large' projects, defined as those with total projected costs above US$ 250 million, and for 'High risk' (Category A/I-1) environmental and social risk categories.
• The Accreditation Panel concluded that APL015 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 and guarantees.
• APL015 demonstrates compliance with anti-money laundering and countering the financing of terrorism (AML/CFT) regulations through a comprehensive framework, 'know-your-customer' due diligence, and employee training.
• The applicant's environmental and social (E&S) policy framework, including its risk categorization system, is fully consistent with the Green Climate Fund's interim environmental and social safeguards (ESS).
• While the applicant meets E&S requirements, the Accreditation Panel recommends that it finalize its formal stakeholder response mechanism and make the contact information for complaints public on its website.
• The applicant has a well-developed gender policy and experience in gender equality and women's empowerment, utilizing gender-specific indicators and dedicated specialists.

APA

Green Climate Fund (n.d.). Accreditation assessment of Applicant 015 (APL015). https://www.greenclimate.fund/sites/default/files/decision/b10/decision-b10-06-b10-a15.pdf

Chicago

Green Climate Fund. Accreditation assessment of Applicant 015 (APL015). n.d. https://www.greenclimate.fund/sites/default/files/decision/b10/decision-b10-06-b10-a15.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Accreditation assessment of Applicant 015 (APL015) |url=https://www.greenclimate.fund/sites/default/files/decision/b10/decision-b10-06-b10-a15.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefundndaccreditation, author = {{Green Climate Fund}}, title = {{Accreditation assessment of Applicant 015 (APL015)}}, institution = {Green Climate Fund}, url = {https://www.greenclimate.fund/sites/default/files/decision/b10/decision-b10-06-b10-a15.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }