Policies: Administration

GCF’s administrative policies cover GCF’s key administrative processes including information disclosure, human resources, travel, procurement, accounting, communications, and management of conflict of interests. They also set out draft provisions for privileges and immunities.

Information disclosure

1 policy
1. Information disclosure policy
  
  Adopted by decision B.12/35 (a). Sets out the policy regarding the information that the Fund makes available to the public either as a routine matter or upon request.
Administration

6 policies, 4 decisions
1. Administrative policies of the Fund
  
  Adopted by decision B.06/03 (a). Covers various administrative matters including administrative guidelines on HR, admin budget, procurement and asset management, ICT, and audit and internal controls.
2. Corporate procurement guidelines for goods and services – replaced by AI on corporate procurement
  
  Adopted by decision B.08/21 (a); delegated to Secretariat per decision B.23/02. Establishes the corporate procurement guidelines for goods and services. Resulting from the delegation to the Secretariat, an administrative instruction on corporate procurement was developed.
3. Corporate procurement guidelines on the use of consultants – replaced by AI on corporate procurement
  
  Adopted by decision B.08/21 (a); delegated to Secretariat per decision B.23/02. Establishes the corporate procurement guidelines for goods and services. Resulting from the delegation to the Secretariat, an administrative instruction on corporate procurement was developed.
4. Administrative guidelines on the internal control framework and internal audit standards
  
  Adopted by decision B.BM-2015/06 (a). Adopts the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework as the internal control framework for the GCF.
  Adopted by decision B.BM-2015/06 (c). Establishes the administrative guidelines on the internal control framework and internal audit standards.
5. Initial fiduciary principles and standards of the Fund
  
  Adopted by decision B.07/02. Sets out the initial basic fiduciary standards for administrative and financial capacities.
6. Accounting standard for the Fund
  
  Decision B.08/18 adopts the International Financial Reporting Standards as the accounting standard for the Fund.
7. Administrative budget and accounting framework
  
  Adopted by decision B.38/07 and applicable as of 2025. This framework sets out the accounting policy of GCF and requirements related to the preparation and execution of the GCF administrative budget to enable the efficient allocation and management of financial resources for the administrative operations of the Fund and to support its mission and goals. It introduces a rolling multi-year budgeting approach aligned with GCF replenishment cycles.
8. Interim travel policy
  
  Decision B.01-13/02 sets out that the travel and daily subsistence allowance for Board and Alternate Members will be provided from the administrative budget of the Fund.
9. Agreement on use of the administrative tribunal of the International Labour Organization in disputes involving staff of the GCF Secretariat
  
  Decision B.15/15 decides to recognize the jurisdiction of the ILO in respect of disputes involving a member of staff of the Secretariat or its independent units.
10. GCF logo
  
  Decision B.BM-2014/04 adopts the GCF logo.
Human resources

1 policy
1. GCF compensation philosophy
  
  Adopted by decision B.38/06. The compensation philosophy will guide compensation decisions with a distinct focus on attracting, nurturing, motivating, and retaining diverse, world-class talent. The key guiding principles of the Compensation Philosophy include competitiveness, transparency and predictability, equity, rewards, and responsibility and accountability.
Ethics and conflicts of interests

5 policies
1. Policy on ethics and conflicts of interest for the Board of the Green Climate Fund
  
  Adopted by decision B.09/03 (a). Sets out the ethics and conflicts of interest policies for the Board.
2. Policy on ethics and conflicts of interest for Board-appointed officials
  
  Adopted by decision B.13/27 (a). Sets out the ethics and conflicts of interest policies for the Board-appointed officials.
3. Policy on ethics and conflicts of interest for the Executive Director of the Green Climate Fund Secretariat
  
  Adopted by decision B.10/13 (c). Sets out the ethics and conflicts of interest policies for the Executive Director.
4. 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.
5. Policy on ethics and conflicts of interest for external members of the Green Climate Fund panels and groups
  
  Adopted by decision B.10/13 (a). Sets out the ethics and conflicts of interest policies for external members of the GCF panels and groups.
Privileges and immunities

1 policy
1. Draft provisions for privileges and immunities
  
  Adopted by decision B.10/12 (a). Sets out the status, immunities, exemptions and priviledges of the Fund in the territory of [country].
Communications

1 decision
1. Communications and outreach
  
  Decision B.13/25 sets out the preliminary communication objectives of the GCF.
Hedging policy

1 policy
1. Policy to minimize the effect of currency fluctuations on the commitment authority of GCF
  
  Adopted by decision B.34/22. Sets out the approaches by which GCF will seek to manage its foreign exchange (FX) risk exposure to minimize the effect of currency fluctuations on the commitment authority of GCF.
Retired

2 policies
1. Administrative guidelines on the budget and accounting system
  
  Adopted by decision B.BM-2015/05 and applicable up to 2024. These guidelines formulate and document procedures to implement policies; ensures that all financial transactions are recorded, define financial operating controls; includes implementation and compliance modalities and exemptions.
2. Administrative guidelines on human resources
  
  Adopted by the Board in decision B.08/17, paragraph (a); subsequently amended by decisions B.34/20, B.34/21, and B.37/08; Superseded by B.42/15.

Information disclosure

Administration

Corporate procurement guidelines for goods and services – replaced by AI on corporate procurement

Corporate procurement guidelines on the use of consultants – replaced by AI on corporate procurement

Accounting standard for the Fund

Interim travel policy

Agreement on use of the administrative tribunal of the International Labour Organization in disputes involving staff of the GCF Secretariat

GCF logo

Human resources

Ethics and conflicts of interests

Privileges and immunities

Communications

Communications and outreach

Hedging policy

Retired

Other policy categories