Consideration of accreditation proposals – Addendum I Re-accreditation assessments

The document details the re-accreditation reviews for three international entities: the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), and the United Nations Environment Programme (UNEP). All three entities are recommended for re-accreditation without conditions. ADB and EBRD are recommended for 'large' project sizes and 'high risk' (Category A/I-1) environmental and social (E&S) risk categories. UNEP is recommended for an upgrade to 'medium' project size and maintains a 'medium risk' (Category B/I-2) E&S category. The assessments cover fiduciary standards, E&S safeguards, gender policies, and the entities' overall climate portfolios, noting that all three have aligned their strategies with the Paris Agreement and GCF's 2020–2023 Strategic Plan.

• The Asian Development Bank (ADB) is recommended for re-accreditation for its second term with a maximum project size of 'large' and a maximum E&S risk category of 'high risk (category A/I-1)'.
• ADB's GCF portfolio consists of 12 approved projects worth USD 0.95 billion in GCF investment and USD 6.8 billion in co-financing, making it the entity with the fourth largest volume of GCF funding.
• ADB has committed to ensuring that 75 per cent of its committed operations support climate change mitigation and adaptation by 2030, with a cumulative climate finance target of USD 100 billion from 2019 to 2030.
• The European Bank for Reconstruction and Development (EBRD) is recommended for re-accreditation for its second term with a maximum project size of 'large' and a maximum E&S risk category of 'high risk (Category A/I-1)'.
• EBRD's GCF portfolio includes seven funded activities totaling USD 4,502 million, with approximately USD 1,080 million in GCF funding, ranking it as the entity with the second largest volume of GCF funding as of 30 April 2022.
• EBRD aims to achieve a green finance target ratio of over 50 per cent of its annual investments by 2025, having reached 51 per cent of its annual investment in 2021.
• The United Nations Environment Programme (UNEP) is recommended for re-accreditation and an upgrade in its accreditation scope to a maximum project size of 'medium'.
• UNEP's GCF portfolio consists of seven approved funded activities with GCF financing of USD 160.2 million, though the portfolio has experienced start-up delays and slow implementation progress.
• UNEP is recommended to maintain a maximum E&S risk category of 'medium risk (category B/I-2)', though the Accreditation Panel noted it may seek an upgrade to high risk (category A/I-1) in the future.
• All three entities (ADB, EBRD, and UNEP) were found to meet the GCF basic fiduciary standards, including policies on prohibited practices, whistleblower protection, and AML/CFT.

APA

Green Climate Fund (2022). Consideration of accreditation proposals – Addendum I Re-accreditation assessments. https://www.greenclimate.fund/sites/default/files/document/gcf-b33-09-add01.pdf

Chicago

Green Climate Fund. Consideration of accreditation proposals – Addendum I Re-accreditation assessments. 2022. https://www.greenclimate.fund/sites/default/files/document/gcf-b33-09-add01.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Consideration of accreditation proposals – Addendum I Re-accreditation assessments |date=25 June 2022 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b33-09-add01.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2022consideration, author = {{Green Climate Fund}}, title = {{Consideration of accreditation proposals – Addendum I Re-accreditation assessments}}, institution = {Green Climate Fund}, year = {2022}, month = jun, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b33-09-add01.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }