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 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.
The Board has adopted the GCF Strategic Plan, which sets out its long-term vision for the Fund, as well as its objectives, strategic priorities and operational priorities for the current programming period. The initial Strategic Plan was adopted in 2016 for the Initial Resource Mobilization period (2015-2019). The Strategic Plan 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.
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.
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. The main GCF policy frameworks, aligned with the Governing Instrument, are shown in the boxes below.
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.
Accreditation framework of the GCF
Adopted by decision B.31/06. Updates the initial accreditation framework of the GCF and adopted a new project specific assessment approach. To be effective from 1 April 2023.
|Accreditation framework||28 Mar 2022|
Revised environmental and social policy
Adopted by decision B.BM-2021/18; applicable to all projects from B.32 onwards. Revises the environmental and social policy to reaffirm the Fund's commitment to addressing Sexual Exploitation, Sexual Abuse, and Sexual Harassment in addition to environmental and social considerations in its funded activities.
|Sustainability policies||13 Sep 2021|
Revised initial financial risk management framework
Sets out the financial risk policies, risk monitoring and reporting, and risk governance components, as updated by the Risk Management Committee.
|Risk management framework||30 Jul 2021|
Integrated results management framework
Adopted by decision B.29/01; applicable from B.32 onwards. Establishes an updated results management framework that integrates and supersedes the initial results management framework and performance measurement frameworks, to allow the Fund to measure and report the impact of its investments.
|Results, monitoring and evaluation||16 Jul 2021|
Updated terms of reference of the Independent Evaluation Unit
Adopted by decision B.BM-2021/15. Adopts the updated terms of reference of the Independent Evaluation Unit.
|Terms of reference||25 Jun 2021|
Administrative remedies and exclusion policy
Adopted by decision B.BM-2021/09. Sets out the administrative process by which the Fund determines, through administrative proceedings or settlements, whether or not to apply administrative remedies and exclusions against counterparties found to have engaged in prohibited practices in connection with Fund-related activities.
|Integrity policies||12 May 2021|
Revised policy on the prevention and protection from Sexual Exploitation, Sexual Abuse, and Sexual Harassment
Adopted by decision B.BM-2021/08. This policy sets out the obligations for GCF Covered Individuals to prevent and respond to SEAH and to refrain from condoning, encouraging, participating in, or engaging in SEAH.
|Integrity policies||11 May 2021|
Evaluation policy for the GCF
Adopted by decision B.BM-2021/07. Sets out the evaluation policy to assess the results, performance, efficiency and effectiveness of the GCF in delivering its mandate.
|Results, monitoring and evaluation||04 May 2021|
Updated independent Technical Advisory Panel review procedure
Adopted by decision B.28/03. Establishes an updated independent Technical Advisoy Panel review procedure.
|Project approval process||19 Mar 2021|
Initial investment framework (updated)
||Investment framework||13 Nov 2020|