Policy on Ethics and Conflicts of Interest for Active Observers of the Green Climate Fund

The policy defines the professional and personal behavior expected of Active Observers of the Green Climate Fund, focusing on integrity, confidentiality, and the prevention of conflicts of interest. It mandates the signing of a Declaration of Confidentiality and Conflicts of Interest and outlines procedures for disclosing and managing conflicts, including recusal. The document also prohibits specific 'Prohibited Practices' such as corruption and fraud, restricts the acceptance of gifts, and imposes a one-and-a-half-year cooling-off period before Active Observers or their immediate family members can be employed by the Fund's Secretariat.

• Active Observers must adhere to strict standards of integrity and ethics, which includes signing a 'Declaration of Confidentiality and Conflicts of Interest for Active Observers' upon nomination and before every subsequent Board meeting.
• The policy prohibits 'Prohibited Practices' related to Fund activities, specifically defining corruption, fraud, coercion, collusion, obstructive practices, abuse, money laundering, retaliation against whistleblowers, and the financing of terrorism.
• Conflicts of interest are defined as interests—including financial ones—that could improperly influence an observer's conduct. Observers must disclose these to the Head of the IIU and the Chair of the Ethics and Audit Committee and are generally required to be recused from relevant discussions unless a waiver is granted.
• Active Observers are bound by strict confidentiality rules, prohibiting the disclosure of proprietary or confidential information during and after their term of office without written consent from the Fund or the information provider.
• There is a strict prohibition on the giving or receiving of gifts by Active Observers and their immediate family members if the gift is perceived to be motivated by the observer's position or intended to influence Fund policies.
• To prevent conflicts of interest, a cooling-off period is mandated: Active Observers and their immediate family members are ineligible for employment or consultancy with the Secretariat for one and a half years after the observer's service ends, unless the Board grants a waiver.
• Non-compliance with the policy is referred to the Ethics and Audit Committee, which can recommend actions to the Board, including temporary limits on participation, suspension, or permanent exclusion from Board meetings.

APA

Green Climate Fund (n.d.). Policy on Ethics and Conflicts of Interest for Active Observers of the Green Climate Fund. https://www.greenclimate.fund/sites/default/files/document/policy-ethics-coi-observers.pdf

Chicago

Green Climate Fund. Policy on Ethics and Conflicts of Interest for Active Observers of the Green Climate Fund. n.d. https://www.greenclimate.fund/sites/default/files/document/policy-ethics-coi-observers.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Policy on Ethics and Conflicts of Interest for Active Observers of the Green Climate Fund |url=https://www.greenclimate.fund/sites/default/files/document/policy-ethics-coi-observers.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefundndpolicy, author = {{Green Climate Fund}}, title = {{Policy on Ethics and Conflicts of Interest for Active Observers of the Green Climate Fund}}, institution = {Green Climate Fund}, url = {https://www.greenclimate.fund/sites/default/files/document/policy-ethics-coi-observers.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }