Accreditation assessment of applicant 094 (APL094)

The Green Climate Fund's Accreditation Panel recommends the accreditation of Yes Bank Limited, a private sector financial institution in India, for medium-sized projects with a maximum environmental and social risk category of B/I-2. While the bank fully meets basic fiduciary and E&S standards, it partially meets specialized fiduciary standards for project management, grant awards, and on-lending due to a lack of demonstrated implementation of its Information Disclosure Policy. It also partially meets gender policy requirements due to limited in-house capacity for gender risk assessment. Accreditation is recommended subject to conditions regarding gender capacity building and the public disclosure of GCF project progress and results.

• Yes Bank Limited commits to mobilizing USD 5 billion by 2020 for climate action in India, focusing on lending, investing, and raising capital for mitigation, adaptation, and resilience.
• The applicant's track record in climate-related financing includes a 170 MW Wind Farm Project (USD 187.4 million), a 100 MW Solar Power Project in West India (USD 125 million), storage food grain silo complexes (USD 9.4 million), and a Rural Housing and Infrastructure Project (USD 4.4 million).
• The Accreditation Panel found that Yes Bank fully complies with GCF basic fiduciary standards, including policies on prohibited practices, whistleblower protection, and anti-money laundering and countering the financing of terrorism.
• Yes Bank partially meets specialized fiduciary standards for project management, grant awards, and on-lending because it has not yet demonstrated the effective implementation of its recently adopted Information Disclosure Policy.
• The bank's environmental and social (E&S) policies and management systems meet GCF standards for medium risk (category B/I-2), including its use of IFC Performance Standards 1 to 8 and an exclusion list to screen projects.
• Yes Bank partially meets the GCF Gender Policy due to limited in-house capacity to conduct or oversee gender assessments and analyses, currently relying on external consultants.
• The Accreditation Panel recommends accreditation for medium-sized projects (up to USD 50 million) and medium E&S risk (category B/I-2), contingent on conditions including gender expert certification and public reporting of GCF project results.

APA

Green Climate Fund (n.d.). Accreditation assessment of applicant 094 (APL094). https://www.greenclimate.fund/sites/default/files/decision/b24/decision-b24-11-b24-a19.pdf

Chicago

Green Climate Fund. Accreditation assessment of applicant 094 (APL094). n.d. https://www.greenclimate.fund/sites/default/files/decision/b24/decision-b24-11-b24-a19.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Accreditation assessment of applicant 094 (APL094) |url=https://www.greenclimate.fund/sites/default/files/decision/b24/decision-b24-11-b24-a19.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefundndaccreditation, author = {{Green Climate Fund}}, title = {{Accreditation assessment of applicant 094 (APL094)}}, institution = {Green Climate Fund}, url = {https://www.greenclimate.fund/sites/default/files/decision/b24/decision-b24-11-b24-a19.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }