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Consideration of accreditation proposals and activities – Addendum VIII Accreditation assessment of APL180
The GCF Accreditation Panel recommends the accreditation of HELVETAS Swiss Intercooperation (APL180) for 'small' individual projects with a maximum environmental and social risk category of medium risk (category B/I-2). The assessment found that Helvetas fully meets most fiduciary, environmental, social, and gender standards, though it partially meets basic fiduciary standards due to gaps in internal audit quality assessment and the public disclosure of investigative guidelines. Helvetas is recommended for accreditation provided it meets specific conditions regarding the publication of its investigation terms of reference and the delivery of an external quality assessment of its internal audit function.
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Document type: Report
Consideration of accreditation proposals and activities – Addendum X Accreditation assessment of APL172
The GCF Accreditation Panel recommends the accreditation of World Vision Australia (WVA) as an international entity under the normal track, with a medium project size limit and medium environmental and social risk category (Category B). WVA demonstrated strong capacities in project management, gender equality, and environmental and social safeguards, though it must meet specific conditions regarding the publication of investigation and procurement guidelines to finalize its accreditation.
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Document type: Report
Consideration of accreditation proposals – Addendum I Accreditation assessment of APL144
The GCF Accreditation Panel recommends the accreditation of ArmSwissBank, a commercial bank in Armenia, as a national direct access entity for 'small' projects (up to USD 50 million) with a medium environmental and social risk category (B/I-2). The bank demonstrated strong capabilities in on-lending, blending, and project management, with a track record including USD 44.92 million for a KfW renewable energy programme. However, the panel identified gaps in public disclosure of procurement and whistleblower policies, the lack of anonymous complaint channels, and insufficient staff capacity to screen against IFC Performance Standards. Accreditation is recommended subject to conditions: the bank must publish its whistleblower and complaint procedures, establish anonymous reporting channels, provide evidence of staff training on IFC Performance Standards, and publicly disclose its procurement policy before submitting its first funding proposal.
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Document type: Report
Consideration of accreditation proposals – Addendum V Re-accreditation assessment of RAPL040
The Green Climate Fund's Accreditation Panel recommends the re-accreditation of the Food and Agriculture Organization of the United Nations (FAO) for a second term, maintaining its scope for medium-sized projects and medium environmental and social risk (Category B). The assessment confirms FAO's strong technical expertise in adaptation, REDD+, and the blue economy, and its ability to implement GCF's gender and environmental and social policies. While generally compliant, the Panel identified a gap in explicit policy statements regarding Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), making the re-accreditation conditional upon the formal approval of an AML/CFT policy or the inclusion of consistent statements within its prohibited practices policies.
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Document type: Report
Consideration of accreditation proposals – Addendum VIII Re-accreditation assessment of RAPL054
The GCF Accreditation Panel recommends the re-accreditation of MUFG Bank, Ltd. (MUFG) for a second term, maintaining its status for large-scale projects and high environmental and social risk (Category I-1). While MUFG was found to meet basic and specialized fiduciary standards, as well as gender and evaluation policies, a gap was identified in its institutional grievance redress mechanism (GRM). Re-accreditation is conditional upon MUFG providing evidence of an effective GRM via a link to the Japan Center for Engagement and Remedy on Business and Human Rights (JaCER) on its website. MUFG's portfolio includes three approved activities totaling USD 1,657 million, with one project currently under cancellation due to underperformance. The bank has committed to net zero emissions in its finance portfolio by 2050 and its own operations by 2030.
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Document type: Report
Consideration of accreditation proposals – Addendum V Re-accreditation assessment of RAPL045
The Green Climate Fund (GCF) Secretariat and Accreditation Panel (AP) assessed PT Sarana Multi Infrastruktur (PT SMI) for re-accreditation and a scope upgrade. PT SMI demonstrated significant growth in climate financing, increasing its portfolio to USD 976 million by 2021 and committing to phase out fossil fuel financing. The AP recommends re-accreditation with an upgraded scope to include medium-sized projects, equity and guarantees, and high-risk (Category A/I-1) environmental and social (E&S) projects, subject to specific conditions regarding its grievance redress mechanism and external E&S auditing.
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Document type: Report
Consideration of accreditation proposals – Addendum VII Re-accreditation assessment of RAPL049
The Green Climate Fund (GCF) Secretariat and Accreditation Panel (AP) assessed World Wildlife Fund, Inc. (WWF-US) for re-accreditation. The AP recommends re-accreditation for a second term with a medium project size limit and medium environmental and social risk category (B/I-2). While WWF-US met most fiduciary and gender standards, it partially failed the GCF Revised Environmental and Social Policy due to its institutional grievance redress mechanism (GRM) lacking independence, legitimacy, transparency, and predictability. Re-accreditation is conditional upon the AE adopting and publishing a compliant GRM policy. The assessment highlights the success of the 'Bhutan for Life' project and WWF-US's broader climate strategy, which includes a target for renewable energy to provide 50 per cent of global energy supply by 2025.
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Document type: Report
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.
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Document type: Report
Report of the fifteenth meeting of the Board, 13-15 December 2016
The GCF Board approved eight funding proposals totaling USD 387.5 million and accredited seven new entities. Key administrative outcomes include the approval of a USD 43.4 million budget for 2017 and the establishment of work plans for the Independent Redress Mechanism and Independent Integrity Units. The Board also discussed the Readiness and Preparatory Support Programme, allocating up to an additional USD 50 million to it.
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Document type: Report
Annex VIII: Accreditation assessment of Applicant 038 (APL038)
The Green Climate Fund (GCF) Accreditation Panel (AP) recommends the accreditation of Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH (APL038) for international access under a fast-track process. GIZ is recommended for a 'medium' project size limit (up to USD 250 million), medium environmental and social risk (Category B/I-2), and specific fiduciary functions including project management and grant award mechanisms. The recommendation is conditional upon GIZ submitting an operational manual detailing its fiduciary due diligence process, specifically regarding 'know your customer' and anti-money laundering (AML) standards. The assessment highlights GIZ's global presence in over 130 countries and its track record of managing approximately 1,300 projects as of December 2014, with 40% being climate-related.
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Document type: Report
Annex X: Accreditation assessment of Applicant 039 (APL039)
The Green Climate Fund (GCF) Accreditation Panel recommends the South African National Biodiversity Institute (SANBI) for accreditation as a national direct access entity. SANBI is approved for 'small' project sizes, medium environmental and social risk (Category B/I-2), and specific fiduciary functions, including project management and grant award mechanisms. While the panel found SANBI's grant award mechanisms to be 'mature and well-established', it noted a lack of monitoring reports under a newly established process manual. Consequently, accreditation is conditional upon SANBI submitting periodic monitoring reports for two Adaptation Fund (AF) projects: 'Building resilience in the Greater uMngeni Catchment' and 'Taking adaptation to the ground: a small grants facility for enabling local level responses to climate change in South Africa'.
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Document type: Report
Annex XII: Accreditation assessment of Applicant 041 (APL041)
The Green Climate Fund (GCF) Accreditation Panel recommends the accreditation of the International Fund for Agricultural Development (IFAD) for international access under a fast-track process. IFAD is approved for medium-sized projects (up to USD 250 million) and medium environmental and social risk (Category B/I-2). The assessment confirms IFAD meets basic and specialized fiduciary standards, including project management, grant award mechanisms, and on-lending/blending. The panel also validated IFAD's environmental and social safeguards and its gender policy, noting its extensive experience in increasing the climate resilience of rural farming systems.
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Document type: Report
Accreditation assessment of Applicant 049 (APL049)
The Green Climate Fund (GCF) Accreditation Panel recommends the accreditation of the World Wildlife Fund, Inc. (WWF) under a fast-track process. The assessment confirms that WWF meets the GCF's basic and specialized fiduciary standards, environmental and social safeguards for medium-risk projects, and gender policy requirements. WWF is recommended for international access to manage projects of 'medium' size (up to USD 250 million) with a maximum environmental and social risk category of 'medium risk' (Category B/I-2).
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Document type: Report
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.
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Document type: Report
Accreditation assessment of applicant 099 (APL099)
The Green Climate Fund's Accreditation Panel recommends the accreditation of La Banque Agricole (LBA) in Senegal for small-scale projects with a medium environmental and social risk category (I-2). While LBA demonstrates strong basic fiduciary standards and a robust environmental and social management system, the recommendation is subject to six conditions to be met before the first funding proposal. These conditions include establishing procedures to oversee the procurement and loan portfolios of executing entities, demonstrating the application of updated environmental and social tools, and strengthening gender mainstreaming capacity through the appointment of a focal point and the creation of a gender committee.
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Document type: Report
Accreditation assessment of applicant 103 (APL103)
The Green Climate Fund (GCF) Accreditation Panel recommends the accreditation of the National Trust for Nature Conservation (NTNC) in Nepal for 'micro' sized projects with 'minimal to no risk' (Category C) environmental and social risk. While the NTNC's policies and capacities generally meet GCF standards, the assessment identified gaps in its track record regarding the implementation of recently approved fiduciary and environmental and social management systems. Consequently, accreditation is recommended subject to several conditions, including the establishment of an independent Complaints Committee and the provision of evidence demonstrating the application of its financial, risk management, and monitoring frameworks over subsequent years.
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Document type: Report
Accreditation assessment of applicant 104 (APL104)
The Green Climate Fund (GCF) Accreditation Panel assessed KCB Bank Kenya Limited (APL104) for accreditation as a national direct access entity. The bank is recommended for accreditation for medium-sized projects and medium environmental and social risk (category B/I-2), covering basic fiduciary standards, project management, and on-lending/blending. While the bank fully meets standards for transparency, accountability, gender, and environmental and social safeguards, it only partially meets requirements for procurement oversight, independent project evaluation, and public disclosure of project results. Accreditation is recommended subject to several conditions, including the revision of its Supply Chain and Procurement Policy and the future conduct of an external audit of its environmental and social management system.
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Document type: Report
Accreditation assessment of applicant 102 (APL102)
The Green Climate Fund's Accreditation Panel assessed Kemitraan bagi Pembaruan Tata Pemerintahan (Kemitraan), an Indonesian non-profit, for fast-track accreditation. The assessment found that Kemitraan meets all required basic and specialized fiduciary standards, environmental and social safeguards for minimal risk (Category C/I-3), and gender policy requirements. Kemitraan has a track record of managing over USD 130 million in donor contributions and implementing climate-related projects, including peatland restoration and REDD+ infrastructure. The Panel recommends accreditation for micro-sized projects with no conditions.
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Document type: Report
Accreditation assessment of applicant 110 (APL110)
The Green Climate Fund (GCF) Accreditation Panel recommends the accreditation of the Vietnam Development Bank (VDB) as a national direct access entity. VDB is approved for 'small' projects (up to US$ 50 million), medium environmental and social risk (Category B/I-2), and various fiduciary functions including on-lending and grant awards. While VDB's institutional policies and capacities generally meet GCF standards, the assessment identified gaps in its track record regarding the public disclosure of monitoring reports, grant results, and environmental and social (E&S) complaints. Consequently, accreditation is subject to specific conditions, including the formal adoption of a disclosure policy and the provision of gender assessments and E&S communication systems with its first funding proposal.
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Document type: Report
Accreditation assessment of applicant 113 (APL113)
The Green Climate Fund (GCF) Accreditation Panel recommends the accreditation of Joint Stock Company TBC Bank (APL113), a leading Georgian banking group, for medium-sized projects with high environmental and social risk (Category I-1). While the bank fully meets basic fiduciary, environmental, and social standards, the panel identified gaps in its procurement oversight of executing entities, public information disclosure for on-lending operations, and a track record of gender assessments in climate projects. These gaps are addressed through specific conditions for accreditation.
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Document type: Report