Policies & strategies
Policies and strategies
As part of its mandate, the GCF Board approves specific operational policies and guidelines, including for programming, project cycle, administration, and financial management. The Board also approves strategies, which guide the overall direction of Fund operations. Together, these strategies and policies establish the framework for implementation of the GCF’s Governing Instrument.
The main GCF policy frameworks, aligned with the Governing Instrument and strategies, are shown in the diagram below.
Governing Instrument
The Governing Instrument for the Green Climate Fund was approved by the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) at its seventeenth session on 11 December 2011 in Durban, South Africa.
Strategic plan & other strategies
In advance of the second Replenishment period the Board updated its Strategic Plan for 2024-2027 at B.36, setting out the major programming directions and operational and institutional priorities for GCF-2. GCF’s initial Strategic Plan was adopted in 2016 for the Initial Resource Mobilization period (2015-2019) and was then updated in 2020 for the GCF first replenishment period (2020-2023).
Private sector strategy
The Board adopted at B.32 the Private Sector Strategy, which sets out the four pillars through which the GCF aims to catalyze private climate finance in a country-driven manner to meet developing countries’ needs and the objectives of the Updated Strategic Plan.
Guidance on adaptation
The Board welcomed at B.33 the Guidance on adaptation which speaks to the GCF’s vision, strategic approach, and scope for supporting adaptation programming, and how the GCF aims to deliver this through its range of modalities that support adaptation activities.
Accreditation strategy
The Board adopted at B.34 the Accreditation Strategy, which clarifies the GCF operating model and guides the evolution of the GCF network of AEs in order to deliver on the GCF’s mandate, objectives and programming directions.
Readiness strategy 2024-2027
The Board adopted at B.37 the Readiness Strategy 2024-2027, which presents the revised strategy for the Readiness Programme that continues to serve as a critical instrument in fulfilling the GCF’s strategic vision and ambition.
Policies
GCF policy frameworks generally include a mix of top-level policies adopted by the Board to govern a specific subject matter, the related Board decisions which adopt the policies and may contain additional policy provisions, and other policy instruments (such as standards or guidelines) which further elaborate how policies should be operationalized.
Clicking on the boxes will take you to the policies in each framework. Alternately, you can search across the entire suite of policies through the search function below.
Search policies & strategies
| Title | Theme | Date |
|---|---|---|
|
Gender action plan Adopted by decision B.24/12. The purpose of the gender action plan is to provide a time-bound framework within which to operationalize the gender policy. |
Sustainability | 14 Nov 2019 |
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Policy on co-financing Adopted by decision B.24/14. Sets out key principles and approaches to determine and monitor public and private co-financing applicable to all GCF-funded activities. |
Investment | 14 Nov 2019 |
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Re-accreditation process for Accredited Entities Adopted by decision B.24/13. Sets out the required standards, approach and process for the re-accreditation of AEs, including approach for upgrades in accreditation scope. |
Accreditation | 14 Nov 2019 |
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Policy on prohibited practices Adopted by decision B.22/19. Establishes the specific conduct and activities which are prohibited, the obligations of Covered Individuals and Counterparties to uphold the highest standards of integrity, and the actions which the GCF may take when prohibited practices are alleged to have occurred in Fund-related Activities. |
Integrity | 08 Jul 2019 |
|
Policy on ethics and conflicts of interest for active observers of the Green Climate Fund Adopted by decision B.23/08 (a). Sets out the ethics and conflicts of interest policies for the active observers of the GCF. |
Administration, Observers | 08 Jul 2019 |
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Compliance risk policy (Component VIII) Adopted by decision B.23/14. The compliance risk policy provides a framework to deal with compliance risks. |
Risk management | 08 Jul 2019 |
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Standards for the implementation of the Anti-Money Laundering and Countering the Financing of Terrorism policy Adopted by decision B.23/15 (a). These AML/CFT Standards set the minimum and mandatory benchmarks to prevent, detect, and investigate money laundering and financing of terrorism, and to control and manage related risk. |
Integrity | 08 Jul 2019 |
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Investment criteria indicators Adopted by decision B.22/15 (a). Adopts for a pilot period of one year investment criteria indicators to guide stakeholders in project development and approval and enhance consistency and transparency. |
Investment | 28 Feb 2019 |
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Policy on restructuring and cancellation Adopted by decision B.22/14. Sets out the mechanism for decision-making in respect of an approved funding proposal in situations of failure to fulfil conditions, extension of time, waiver of conditions, change to FPs. |
Project approval | 28 Feb 2019 |
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Procedures and guidelines of the Independent Redress Mechanism Adopted by decision B.22/22. Introduces the Independent Redress Mechanism (IRM) and its key functions and objectives; addresses requests to the IRM for reconsideration of funding decisions by the GCF Board; addresses grievances and complaints to the IRM by those affected or who may be affected by GCF projects or programmes; and contains general provisions applicable to the IRM. |
Terms of reference | 28 Feb 2019 |