Risk register

The Green Climate Fund (GCF) risk register categorizes potential threats to its operations into eight primary risk areas. Strategic risks focus on the failure to deliver transformative climate impacts or maintain a balanced portfolio. Reputational risks involve adverse publicity from fraud or poor oversight of accredited entities (AEs). Operational risks include staffing shortages and fiduciary failures, while legal and compliance risks center on regulatory gaps and the lack of privileges and immunities. Performance risks address the failure of AEs to meet financial or investment criteria. Funding risks involve the failure to convert pledges into contributions, and market risks cover foreign exchange, interest rate, and liquidity volatility.

• The GCF identifies a high-priority strategic risk regarding the failure to achieve transformative mitigation and adaptation climate impacts, triggered by low levels of mobilized funding, ineffective resource use, or insufficient demand for resources.
• There is a high-priority risk of portfolio concentration, where the GCF may rely on a limited number of accredited entities (AEs) or specific geographies, potentially failing to balance adaptation allocations for African states, Least Developed Countries (LDCs), and Small Island Developing States (SIDS).
• Reputational risk is considered high priority when associated with 'unexpected shocks' such as fraud or implementation failures, which may result from poor GCF oversight of AEs or poor AE oversight of executing entities.
• Operational risks are rated as high priority, specifically regarding staffing models—including recruitment, retention, and the use of consultants—and fiduciary failures resulting from internal control gaps or fraud.
• Legal and compliance risks are categorized as high priority, primarily driven by the current lack of privileges and immunities for the GCF and its staff in the countries where it operates.
• Funding risk is a high-priority concern, specifically the failure to convert pledges into actual contributions in a timely manner due to fiscal issues or changing policy priorities in contributor countries.
• Market risks include a high-priority liquidity risk caused by timing mismatches between cash inflows and outflows, which could hinder the GCF's ability to meet payment obligations and disbursements to AEs.

APA

Green Climate Fund (n.d.). Risk register. https://www.greenclimate.fund/sites/default/files/decision/b12/decision-b12-34-b12-a28.pdf

Chicago

Green Climate Fund. Risk register. n.d. https://www.greenclimate.fund/sites/default/files/decision/b12/decision-b12-34-b12-a28.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Risk register |url=https://www.greenclimate.fund/sites/default/files/decision/b12/decision-b12-34-b12-a28.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefundndrisk, author = {{Green Climate Fund}}, title = {{Risk register}}, institution = {Green Climate Fund}, url = {https://www.greenclimate.fund/sites/default/files/decision/b12/decision-b12-34-b12-a28.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }