Progress Report on Accreditation

The Green Climate Fund Secretariat has developed proposed guidelines for a 'fit-for-purpose' accreditation approach that scales fiduciary and environmental and social safeguard (ESS) requirements based on the nature and risk of proposed activities. To ensure coherence with other institutions, the Secretariat conducted a gap analysis comparing the Fund's standards with those of the Adaptation Fund, Global Environment Facility, and EU DEVCO, as well as an assessment of private sector best practices in consultation with the Private Sector Advisory Group.

• The proposed guidelines for a fit-for-purpose accreditation approach will determine conformity with initial fiduciary standards by evaluating the type of institution and the nature and scale of its intended activities. For interim environmental and social safeguards (ESS), the guidelines will focus on the categories of environmental and social risk associated with the proposed activities.
• The Secretariat conducted a gap analysis to ensure complementarity and coherence with other funds, comparing the Fund's initial fiduciary standards and interim ESS against those of the Adaptation Fund, Global Environment Facility (GEF), and the European Commission's EuropeAid Development and Co-operation Directorate-General (EU DEVCO).
• Because other funds could not disclose specific fiduciary and ESS information of their accredited entities without prior approval, the Secretariat performed its assessment at the fund level rather than the institutional level.
• The Secretariat has begun identifying and assessing gaps between the Fund's standards and international private sector best practice fiduciary principles and ESS, specifically to facilitate the accreditation of Financial Institutions (FIs) providing products and services to the private sector and consumers.

APA

Green Climate Fund (2014). Progress Report on Accreditation. https://www.greenclimate.fund/sites/default/files/document/gcf-b08-inf02.pdf

Chicago

Green Climate Fund. Progress Report on Accreditation. 2014. https://www.greenclimate.fund/sites/default/files/document/gcf-b08-inf02.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Progress Report on Accreditation |date=7 October 2014 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b08-inf02.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2014progress, author = {{Green Climate Fund}}, title = {{Progress Report on Accreditation}}, institution = {Green Climate Fund}, year = {2014}, month = oct, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b08-inf02.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }