Matters related to accreditation: report on the analysis of the accredited entity portfolio

The report assesses the GCF's network of 113 accredited entities (AEs), evaluating their capacity to deliver on the Fund's strategic priorities. While the network is diverse and expanding—particularly in private sector and direct access entities—significant gaps remain in the ability of direct access entities (DAEs) to manage high environmental and social (E&S) risk projects and large-scale adaptation programming. The analysis highlights a low AE-to-project ratio, which may disincentivize institutional capacity building, and notes that GCF's internal processing capacity is currently insufficient to meet the growing volume of new and re-accreditation applications.

• As of 31 March 2022, the GCF has a network of 113 Board-approved AEs, but only 77 are fully accredited with effective Accreditation Master Agreements (AMAs) and eligible to submit projects.
• There is a significant gap in the capacity of direct access entities (DAEs) to handle high environmental and social (E&S) risk projects; only 12 DAEs possess this capacity, and they are primarily national development banks and private sector DAEs.
• The AE network shows a heavy reliance on international access entities (IAEs) for large-scale projects, as 55% of IAEs can undertake large projects compared to only 8% of national DAEs.
• A low AE-to-project ratio creates a lack of incentive for entities to invest in the institutional transformation required to meet GCF standards, with an estimated average of one project of approximately USD 50 million per AE every five-year term.
• The GCF's internal capacity to process accreditations is insufficient to meet demand; the Fund can approve approximately 15 AEs per year, while the pipeline of re-accreditations alone is expected to average 30 per year from 2023.
• While the number of private sector AEs has increased, they are predominantly engaged in mitigation projects, creating a potential trade-off with GCF-1 targets for adaptation and direct access.
• The GCF is the only climate vertical fund that allows for 'accreditation with conditions,' which enables promising entities to partner with the Fund while building their institutional capacities.
• There is an under-utilization of the existing AE network across all access modalities, particularly national DAEs, in submitting funding proposals that address the GCF's specific results areas.

APA

Green Climate Fund (2022). Matters related to accreditation: report on the analysis of the accredited entity portfolio. https://www.greenclimate.fund/sites/default/files/document/gcf-b32-08.pdf

Chicago

Green Climate Fund. Matters related to accreditation: report on the analysis of the accredited entity portfolio. 2022. https://www.greenclimate.fund/sites/default/files/document/gcf-b32-08.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Matters related to accreditation: report on the analysis of the accredited entity portfolio |date=25 April 2022 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b32-08.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2022matters, author = {{Green Climate Fund}}, title = {{Matters related to accreditation: report on the analysis of the accredited entity portfolio}}, institution = {Green Climate Fund}, year = {2022}, month = apr, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b32-08.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }