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.
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.
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.
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|
Updated Strategic Plan for the Green Climate Fund 2020-2023
Adopted by decision B.27/17. Sets out the funding allocation parameters and guidelines from B.27 onwards for the GCF-1 period.
|Business model and allocation framework||13 Nov 2020|
Adopted by decision B.24/12. Sets out the updated gender policy and gender action plan across its investment criteria, and as an integrated measure of the social dividends of the overall portfolio.
|Sustainability policies||14 Nov 2019|
Policy for contributions to the Green Climate Fund for the first replenishment
Adopted by decision B.24/02 (f); applicable to GCF-1. Defines the resource mobilization approach for the first replenishment period including the sources of funds, types of contributions, conditions, commitment authority, and risk mitigation measures.
|Resource mobilisation||14 Nov 2019|
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 policies||14 Nov 2019|
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 framework||14 Nov 2019|
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 framework||14 Nov 2019|
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 policies||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.
|Administrative policies, Observers||08 Jul 2019|