Board decisions

The Board, having considered document GCF/B.45/13 titled “Dates and venues of upcoming meetings of the Board”:

1. Recalls and confirms that the forty-sixth meeting of the Board will take place from Monday, 26 October to Thursday, 29 October 2026 in Songdo, Incheon, Republic of Korea;
2. Decides that the forty-seventh meeting of the Board will take place from Tuesday, 20 April to Friday, 23 April 2027, in the Republic of Korea;
3. Also decides that the forty-eighth meeting of the Board will take place from Monday, 5 July to Thursday, 8 July 2027, in a location to be decided further by the Board upon recommendation by the Secretariat by the forty-sixth meeting of the Board; and
4. Further decides that the forty-ninth meeting of the Board will take place from Monday, 18 October to Thursday, 21 October 2027, in the Republic of Korea.

The Board, having considered document GCF/B.45/14/Rev.01 titled “Independent Evaluation of the GCF’s Gender Approach”:

1. Takes note of the findings and recommendations in the Independent Evaluation of the GCF’s Gender Approach undertaken by the Independent Evaluation Unit;
2. Notes the Secretariat’s management response to the evaluation report as presented in document GCF/B.45/14/Add.01; and
3. Requests the Independent Evaluation Unit to submit a management action report to the Board no later than one year following the adoption of this decision.

The Board, having considered document GCF/B.45/05 titled “Independent Evaluation of the GCF’s Project Preparation Facility”:

1. Takes note of the findings and recommendations in the Independent Evaluation of the GCF’s Project Preparation Facility undertaken by the Independent Evaluation Unit;
2. Notes the Secretariat’s management response to the evaluation report as presented in document GCF/B.45/05/Add.01; and
3. Requests the Independent Evaluation Unit to submit a management action report to the Board no later than one year following the adoption of this decision.

The Board, having considered document GCF/B.45/20/Rev.01 titled “Methodology for salary scale review and adjustment”:

1. Adopts the Methodology for Salary Scale Review and Adjustment, as contained in annex II to document GCF/B.45/20/Rev.01; and
2. Decides that the Methodology for Salary Scale Review and Adjustment shall enter into force from the date of the adoption of this decision by the Board.

The Board, having reviewed document GCF/B.45/19/Rev.01 titled “Arrangements for the third replenishment of the Green Climate Fund” and taking into account decision B.44/17 as well as guidance from the Conference of Parties to the United Nations Framework Convention on Climate Change:

1. Affirms that the replenishment process will be conducted in line with the principles and provisions of the United Nations Framework Convention on Climate Change and the Paris Agreement;
2. Stresses decision B.21/18, paragraph (c), reaffirmed through decision B.33/11, paragraph (a), which states that the replenishments of the Fund should take into account the stated ambitions, actions and contributions of developing countries to reduce their greenhouse gas emissions by meaningful mitigation actions and to adapt to the impacts of climate change, and that the Board will provide the replenishment process with strategic guidance;
3. Recalls paragraph 3(e) of the “Updated Policy for contributions to the Green Climate Fund for the second replenishment”, which states that “GCF will initiate the next replenishment 30 months after the commencement of GCF-2 in order to allow sufficient time for the preparation and consideration of such reports and/or evaluations as may be necessary”;
4. Also recalls decision B.44/17, by which the Board took note of the process to adopt updated Strategic Plan for GCF 2028 – 2031 no later than the second Board meeting in 2027 and requested the Co-Chairs to prepare a draft decision for the Board to launch the replenishment process;
5. Decides to commence the process for the GCF’s third replenishment from July 2026;
6. Also decides that the period of the third replenishment will be from 1 January 2028 to 31 December 2031;
7. Further decides that replenishment meetings will be open to all potential contributors and to all Board members, as set out in annex II to document GCF/B.45/19/Rev.01, and will be supported by inclusive and targeted engagement approaches to facilitate participation;
8. Endorses the process of collective engagement for the third replenishment process set out in annex II to document GCF/B.45/19/Rev.01, aimed at supporting an inclusive and effective replenishment;
9. Requests the Secretariat to begin making arrangements to facilitate the process of collective engagement referred to in paragraph (h) above, including finding hosts for the in-person replenishment meetings;
10. Also requests the Trustee to provide support to the Secretariat, as part of its function to administer the GCF Trust Fund, on issues related to:
    1. Updating the standard provisions and template for contribution agreements and/or arrangements; and
    2. Other relevant financial management issues as agreed between the Executive Director of the Green Climate Fund Secretariat and the Trustee;
11. Further requests the Co-Chairs, in consultation with the Board and with the support of the Secretariat, to identify and appoint, if needed, a suitable chairperson(s)/facilitator with climate finance experience for the third replenishment process;
12. Requests the Secretariat to prepare for consideration (1) a draft updated policy for contributions for the third replenishment period of GCF; (2) a separate draft policy for contributions from other sources not covered in the updated policy for contributions for the third replenishment period of GCF; and (3) any other documents that may be required to support the objectives of the GCF’s replenishment period, including those referred to in paragraph 3(a) in annex II to document GCF/B.45/19/Rev.01; and
13. Decides to conclude its consideration of (1) the updated policy for contributions for the third replenishment period of GCF; and (2) the separate policy for contributions from other sources not covered in the updated policy for contributions for the third replenishment period of GCF, by no later than the forty-seventh meeting of the Board in 2027.

The Board, having considered document GCF/B.45/17 titled “Updated Gender Action Plan for the GCF 2026–2031” and its addendum Add.01:

1. Welcomes the progress made in implementing the Gender Action Plan for the updated Strategic Plan for the GCF 2020–2023, as set out in document GCF/B.45/17;
2. Adopts the Gender Action Plan 2026–2031, as contained in annex II, noting that its implementation is subject to the availability of administrative budget, which will be integrated within the multi-year budgeting process;
3. Requests the Secretariat to implement the Gender Action Plan 2026–2031, including by developing, where not yet established, baselines and targets for the indicators set out in annex II; to report on progress through existing reporting mechanisms to the Board and to the Conference of the Parties to the United Nations Framework Convention on Climate Change; and to share the results of the midterm and final assessments of the implementation of the Gender Action Plan with the Board;
4. Encourages national designated authorities, and accredited entities in coordination with national designated authorities, to engage national gender and climate change focal points to assess readiness and preparatory support programmes, project preparation support, funding proposals and funded activities, with the aim of ensuring that these assessments actively promote a gender-responsive approach across the GCF portfolio; and 
5. Requests the Secretariat to integrate into the development process for the updated Strategic Plan for the GCF 2028–2031, and the further development of the Readiness and Preparatory Support Programme and the Project Preparation Facility, relevant actions from the Gender Action Plan 2026–2031 and the associated resources required.

The Board, having considered document GCF/B.45/16 titled “Implementation review of the Policy on Restructuring and Cancellation”:

1. Takes note of the review of the implementation of the Policy on Restructuring and Cancellation undertaken pursuant to paragraph 36 thereof; and
2. Requests the Secretariat to present a revised Policy on Restructuring and Cancellation for Board consideration, taking into account comments from the Board during its forty-fifth meeting and on the basis of further consultations to be held with the Board, national designated authorities, accredited entities, and active observers.

The Board, having considered document GCF/B.45/15/Rev.01 titled “Fifteenth Report of the Green Climate Fund to the Conference of the Parties to the United Nations Framework Convention on Climate Change”:

1. Requests the Co‐Chairs, assisted by the Secretariat, to finalize the “Fifteenth Report of the Green Climate Fund to the Conference of the Parties to the United Nations Framework Convention on Climate Change”, presented in annex II to document GCF/B.45/15/Rev.01, taking into consideration the comments made and decisions taken at the forty-fifth meeting of the Board, and submit the revised report to the United Nations Framework Convention on Climate Change secretariat, no later than 12 weeks prior to the thirty-first session of the Conference of the Parties, in accordance with decision 7/CP.20, paragraph 23; and
2. Also requests the Co‐Chairs, assisted by the Secretariat, to develop an addendum to the “Fifteenth Report of the Green Climate Fund to the Conference of the Parties to the United Nations Framework Convention on Climate Change” capturing the progress and decisions to be made during the forty-sixth meeting of the Board and submit the addendum to the United Nations Framework Convention on Climate Change secretariat.

The Board, having considered document GCF/B.45/03 titled “Consideration of accreditation proposals and activities”:

1. Takes note with appreciation of the assessments conducted by the Secretariat and the Accreditation Panel contained within the relevant documents for the following applicants for accreditation:
   1. Applicant 173 (APL173), Banco de Desarrollo del Ecuador B.P. (BDE), based in Ecuador, as contained in document GCF/B.45/03/Add.01;
   2. Applicant 174 (APL174), Corporación Financiera de Desarrollo S.A. (COFIDE), based in Peru, as contained in document GCF/B.45/03/Add.02;
   3. Applicant 175 (APL175), Mali-Folkecenter – NYETAA (MFC), based in Mali, as contained in document GCF/B.45/03/Add.03;
   4. Applicant 176 (APL176), PT Indonesia Infrastructure Finance (PT IIF), based in Indonesia, as contained in document GCF/B.45/03/Add.04;
   5. Applicant 177 (APL177), Town Development Fund (TDF), based in Nepal, as contained in document GCF/B.45/03/Add.05;
   6. Applicant 178 (APL178), Equity Group Holdings PLC (EGH), based in Kenya, as contained in document GCF/B.45/03/Add.06;
   7. Applicant 179 (APL179), Climate Fund Managers B.V. (CFM), based in the Netherlands, as contained in document GCF/B.45/03/Add.07;
   8. Applicant 180 (APL180), HELVETAS Swiss Intercooperation (Helvetas), based in Switzerland, as contained in document GCF/B.45/03/Add.08; and

   9. Applicant 181 (APL181), People in Need (PIN), based in the Czech Republic, as contained in document GCF/B.45/03/Add.09;

      pursuant to paragraph 45 of the Governing Instrument for the GCF, subject to, and in accordance with, the recommendation of the Accreditation Panel contained in the relevant addendum for each of the applicants, and subject to the issuance of a certificate/confirmation evidencing their accreditation in accordance with the transitional arrangements in respect of the revised accreditation framework adopted in paragraph (m) of decision B.42/13;

2. Approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the accreditation of APL173, Banco de Desarrollo del Ecuador B.P. (BDE), based in Ecuador, subject to, and in accordance with, the recommendation on accreditation of the Accreditation Panel contained in section 4.2 of document GCF/B.45/03/Add.01, and subject to the issuance of a certificate/confirmation evidencing their accreditation in accordance with the transitional arrangements in respect of the revised accreditation framework adopted in paragraph (m) of decision B.42/13;
3. Also approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the accreditation of APL174, Corporación Financiera de Desarrollo S.A. (COFIDE), based in Peru, subject to, and in accordance with, the recommendation on accreditation of the Accreditation Panel contained in section 4.2 of document GCF/B.45/03/Add.02, and subject to the issuance of a certificate/confirmation evidencing their accreditation in accordance with the transitional arrangements in respect of the revised accreditation framework adopted in paragraph (m) of decision B.42/13;
4. Further approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the accreditation of APL175, Mali-Folkecenter – NYETAA (MFC), based in Mali, subject to, and in accordance with, the recommendation on accreditation of the Accreditation Panel contained in section 4.2 of document GCF/B.45/03/Add.03, and subject to the issuance of a certificate/confirmation evidencing their accreditation in accordance with the transitional arrangements in respect of the revised accreditation framework adopted in paragraph (m) of decision B.42/13;
5. Approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the accreditation of APL176, PT Indonesia Infrastructure Finance (PT IIF), based in Indonesia, subject to, and in accordance with, the recommendation on accreditation of the Accreditation Panel contained in section 4.2 of document GCF/B.45/03/Add.04, and subject to the issuance of a certificate/confirmation evidencing their accreditation in accordance with the transitional arrangements in respect of the revised accreditation framework adopted in paragraph (m) of decision B.42/13;
6. Also approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the accreditation of APL177, Town Development Fund (TDF), based in Nepal, subject to, and in accordance with, the recommendation on accreditation of the Accreditation Panel contained in section 4.2 of document GCF/B.45/03/Add.05, and subject to the issuance of a certificate/confirmation evidencing their accreditation in accordance with the transitional arrangements in respect of the revised accreditation framework adopted in paragraph (m) of decision B.42/13;
7. Further approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the accreditation of APL178, Equity Group Holdings PLC (EGH), based in Kenya, subject to, and in accordance with, the recommendation on accreditation of the Accreditation Panel contained in section 4.2 of document GCF/B.45/03/Add.06, and subject to the issuance of a certificate/confirmation evidencing their accreditation in accordance with the transitional arrangements in respect of the revised accreditation framework adopted in paragraph (m) of decision B.42/13;
8. Approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the accreditation of APL179, Climate Fund Managers B.V. (CFM), based in the Netherlands, subject to, and in accordance with, the recommendation on accreditation of the Accreditation Panel contained in section 4.2 of document GCF/B.45/03/Add.07, and subject to the issuance of a certificate/confirmation evidencing their accreditation in accordance with the transitional arrangements in respect of the revised accreditation framework adopted in paragraph (m) of decision B.42/13;
9. Also approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the accreditation of APL180, HELVETAS Swiss Intercooperation (Helvetas), based in Switzerland, subject to, and in accordance with, the recommendation on accreditation of the Accreditation Panel contained in section 4.2 of document GCF/B.45/03/Add.08, and subject to the issuance of a certificate/confirmation evidencing their accreditation in accordance with the transitional arrangements in respect of the revised accreditation framework adopted in paragraph (m) of decision B.42/13; and
10. Further approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the accreditation of APL181, People in Need (PIN), based in the Czech Republic, subject to, and in accordance with, the recommendation on accreditation of the Accreditation Panel contained in section 4.2 of document GCF/B.45/03/Add.09, and subject to the issuance of a certificate/confirmation evidencing their accreditation in accordance with the transitional arrangements in respect of the revised accreditation framework adopted in paragraph (m) of decision B.42/13.

The Board, having considered document GCF/B.45/10 titled “Status of approved funding proposals: Adding a host country in respect of FP252 (‘Acumen Resilient Agriculture Fund II’)” and its limited distribution addendum Add.01:

1. Approves the inclusion of Kenya as a host country for FP252; and
2. Authorizes the Secretariat to negotiate and execute the relevant legal agreements to reflect the approval set out in paragraph (a) above.

The Board, having considered document GCF/B.45/09 titled “Consideration of funding proposals: Extension of deadline in respect of FP224 (Renewstable Barbados Project)” and its limited distribution addendum Add.01:

Decides to extend until the day which is one day after the last day of the forty-eighth meeting of the Board the deadline for the submission by the accredited entity of a certificate or legal opinion, in form and substance satisfactory to the Secretariat, confirming that the accredited entity has obtained all final internal approvals needed by it and has the capacity and authority to implement the proposed project for the following approved funding proposal:

1. FP224, titled “Renewstable Barbados Project”.

The Board, having considered document GCF/B.45/08 titled “Status of approved fundings proposals: Waiver of Board Conditions in respect of FP050 (Bhutan for Life)”:

1. Approves the waiver of the Board condition as described in document GCF/B.45/08;

2. Agrees that the following condition for FP050 that was set out in decision B.18/08, annex XIII, table 2:

   “(i) Submission by the Accredited Entity of the following documents:

   (1) APRs, including technical and financial monitoring and reporting on BFL to ensure that:
   - All Activities planned in a given year, as specified in the Funding Proposal are implemented; and
   - All Milestones and Indicators Targets, as specified in the Funding Proposal, relevant to a given year are achieved.

   (2) …

   (3) Evidence showing RGoB budget allocation for the BFL project corresponding to a 20% real increase for the first year, and a 5.2% real increase for each subsequent year until the end of the 14 years Transition Fund period;

   (4) Evidence showing that the RGoB through the Bhutan Trust Fund for Environmental Conservation contributes at least 500,000 USD per year to support BFL activities throughout the 14 year life of the Transition Fund in addition to the RGOB budget increases specified in point (3) above; and

   (5) …”

   shall be modified to read as follows:

   “(i) Submission by the Accredited Entity of the following documents:

   (1) APRs, including technical and financial monitoring and reporting on BFL to track the extent to which:
   - Activities planned in a given year, as specified in the Funding Proposal, are implemented; and
   - Progress against outputs and Indicators Targets, as specified in the Funding Proposal, relevant to a given year, has been demonstrated.

   (2) …

   (3) Evidence showing RGoB budget allocation for the BFL project corresponding to a 20% real increase for the first year, and a 5.2% real increase for each subsequent year until the end of the 14th year of the Transition Fund period;

   (4) Evidence showing that the RGoB through the BTFEC contributes at least 500,000 USD per year to support BFL activities for the first 14 years of the Transition Fund in addition to the RGoB budget increases specified in point (3) above; and

   (5) …”; and

3. Authorizes the Secretariat to negotiate and execute the relevant legal agreements to reflect the changes approved in paragraph (b) above.

The Board, having considered document GCF/B.45/06 titled “Consideration of funding proposals: extension of the deadline in respect of SAP047: ‘Climaventures: Harnessing the Domestic Private Sector Ecosystem for Climate Action in Pakistan’” and its limited distribution addendum Add.01:

Decides to extend until the day which is one day after the last day of the forty-seventh meeting of the Board the deadline for the execution of the funded activity agreement for the following approved funding proposal:

1. SAP047, titled “Climaventures: Harnessing the Domestic Private Sector Ecosystem for Climate Action in Pakistan”.

The Board, having considered document GCF/B.45/07 titled “Consideration of funding proposals: Consideration of a request for changes to the scope of funded activity FP034 (“Building Resilient Communities, Wetland Ecosystems and Associated Catchments in Uganda”)” and its limited distribution addendum Add.01:

1. Approves the Major Change with respect to funded activity FP034 titled “Building Resilient Communities, Wetland Ecosystems and Associated Catchments in Uganda” as described in document GCF/B.45/07; and
2. Authorizes the Secretariat to negotiate and execute relevant amendments to the funded activity agreement for FP034 to reflect the changes hereby approved.

The Board, having considered document GCF/B.45/02 titled “Consideration of funding proposals”:

1. Takes note of the following funding proposals:
   1. Simplified approval process funding proposal 070, titled “Building Flood Resilient Community through Adaptive Livelihood and Runoff Management in Petanglong Area of Central Java Province of Indonesia (BRAVE)” by Kemitraan bagi Pembaruan Tata Pemerintahan, as contained in document GCF/B.45/02/Add.01;
   2. Simplified approval process funding proposal 071, titled “Building Climate Resilience of Forest Dependent Communities through Enhanced Livelihood Opportunities and Local Capacity in Karnali Province, Nepal” by the
      National Trust for Nature Conservation, as contained in document GCF/B.45/02/Add.02;
   3. Simplified approval process funding proposal 072, titled “WATER-RES - Enhancing the ability to address the risks of water scarcity in areas most affected by climate change and water shortage in Syria” by ACTED, as contained in document GCF/B.45/02/Add.03/Rev.01;
   4. Funding proposal 303, titled “Climate Resilient Water Sanitation and Hygiene (WASH) and Disaster Management services for vulnerable children in the Central African Republic (CRDM-CAR)” by the United Nations Children’s Fund, as contained in document GCF/B.45/02/Add.04;
   5. Funding proposal 304, titled “Enhancing Sustainable Land Management and Climate-Resilient Agri-food Systems in Côte d’Ivoire (LARACI)” by the CGIAR System Organization, as contained in document GCF/B.45/02/Add.05;
   6. Funding proposal 305, titled “Building the resilience of Togo’s national health system and vulnerable communities to climate-sensitive health outcomes” by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, as contained in document GCF/B.45/02/Add.06;
   7. Funding proposal 306, titled “Forest Landscape Restoration for Climate Benefits and Resilience (Fiji FLR)” by the Food and Agriculture Organization of the United Nations, as contained in document GCF/B.45/02/Add.07;
   8. Funding proposal 307, titled “Mekong Earth Regeneration Fund (MERF)” by Deutsche Bank AG, as contained in document GCF/B.45/02/Add.08 and Add.11;
   9. Funding proposal 308, titled “Improving climate resilience of vulnerable communities and enabling conditions for local climate action in Tajikistan” by the World Food Programme, as contained in document GCF/B.45/02/Add.09; and
   10. Funding proposal 309, titled “Resilient Water Systems for All (RWS4All): Deep Adaptation Pathways for Water Infrastructure in Kyrgyz Republic and Tajikistan” by the European Bank for Reconstruction and Development, as contained in document GCF/B.45/02/Add.10; 
2. Approves simplified approval process funding proposal 070, submitted by Kemitraan bagi Pembaruan Tata Pemerintahan (Kemitraan), for the amount of USD 9,310,960, in accordance with the term sheet agreed between the Secretariat and Kemitraan and set out in document GCF/B.45/02/Add.12, and subject to the conditions set out in annex I;
3. Also approves simplified approval process funding proposal 071, submitted by the National Trust for Nature Conservation (NTNC), for the amount of USD 8,509,500, in accordance with the term sheet agreed between the Secretariat and NTNC and set out in document GCF/B.45/02/Add.12, and subject to the conditions set out in annex I;
4. Further approves simplified approval process funding proposal 072, submitted by ACTED, for the amount of USD 25,000,000, in accordance with the term sheet agreed between the Secretariat and ACTED and set out in document GCF/B.45/02/Add.12, and subject to the conditions set out in annex I;
5. Approves funding proposal 303, submitted by the United Nations Children’s Fund (UNICEF), for the amount of USD 69,093,470, in accordance with the term sheet agreed between the Secretariat and UNICEF and set out in document GCF/B.45/02/Add.12, and subject to the conditions set out in annex I;
6. Also approves funding proposal 304, submitted by the CGIAR System Organization (CGIAR), for the amount of USD 40,000,000, in accordance with the term sheet agreed between the Secretariat and CGIAR and set out in document GCF/B.45/02/Add.12, and subject to the conditions set out in annex I;
7. Further approves funding proposal 305, submitted by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, for the amount of EUR 37,600,000, in accordance with the term sheet agreed between the Secretariat and GIZ and set out in document GCF/B.45/02/Add.12, and subject to the conditions set out in annex I;
8. Approves funding proposal 306, submitted by the Food and Agriculture Organization of the United Nations (FAO), for the amount of USD 29,350,964, in accordance with the term sheet agreed between the Secretariat and FAO and set out in document GCF/B.45/02/Add.12, and subject to the conditions set out in annex I;
9. Also approves funding proposal 307 submitted by Deutsche Bank AG (Deutsche Bank), for the amount of USD 50,000,000, in accordance with the term sheet agreed between the Secretariat and Deutsche Bank and set out in document GCF/B.45/02/Add.11, and subject to the conditions set out in annex I;
10. Further approves funding proposal 308, submitted by the World Food Programme (WFP), for the amount of USD 30,000,000, in accordance with the term sheet agreed between the Secretariat and WFP and set out in document GCF/B.45/02/Add.12, and subject to the conditions set out in annex I;
11. Approves funding proposal 309, submitted by the European Bank for Reconstruction and Development (EBRD), for the amount of EUR 55,000,000, in accordance with the term sheet agreed between the Secretariat and EBRD and set out in document GCF/B.45/02/Add.12, and subject to the conditions set out in annex I;
12. Reaffirms that pursuant to annex IV to decision B.17/09 the Executive Director or his/her delegate(s) is authorized to negotiate and enter into legal agreements on behalf of GCF in respect of funding proposals approved by the Board, taking into account any condition approved by the Board in this decision and in the decision accrediting the relevant accredited entity; and
13. Authorizes the Secretariat to disburse fees for each funded project/programme approved by the Board as per the disbursement schedule to be agreed in the funded activity agreement in accordance with the policy on fees and the general principles and indicative list of eligible costs covered under GCF fees and project management costs adopted by the Board pursuant to decision B.19/09.

The Board:

Requests the Operations and Portfolio Committee, with the support of the Secretariat, to consider the process for the future reappointment of members of the independent Technical Advisory Panel, taking into account the comments made by the Board, as part of the broader review of the independent Technical Advisory Panel.

The Board, having considered document GCF/B.45/21 titled “Appointment of a member of the independent Technical Advisory Panel”:

Endorses the nomination by the Operations and Portfolio Committee of Mr. Cyrille Arnould (France) to the independent Technical Advisory Panel for one three-year term starting no later than 31 July 2026.

The Board, having considered document GCF/B.45/04 titled “Reappointment of members of the independent Technical Advisory Panel” and its limited distribution addendum Add.01:

Endorses the nomination by the Operations and Portfolio Committee for the reappointment of the following members of the independent Technical Advisory Panel for a three-year term starting on the date of the expiration of their current term:

1. Ms. Marianne Kjellén; and
2. Ms. Debbie Menezes.

The Board, having considered document GCF/B.45/11 titled “Performance review of the members of the Accreditation Panel”:

1. Reaffirms that, prior to the expiry of each of their terms of membership of the Accreditation Panel, each member of the Accreditation Panel shall undergo a performance review and that any such member shall only be eligible for a subsequent term of membership of the Accreditation Panel if the Board considers that the outcome of the relevant performance review is satisfactory;
2. Adopts the updated guiding principles and methodology for the performance review of members of the Accreditation Panel as set out in annex II to document GCF/B.45/11;
3. Endorses the updated terms of reference of the performance review of members of the Accreditation Panel as contained in annex III to document GCF/B.45/11;
4. Requests the Secretariat to promptly procure the independent consultant or firm for conducting the performance review with the aim of presenting the outcome of such review to the Board for its consideration at its forty-seventh meeting; and
5. Also requests the Secretariat to promptly launch the call for experts to the Accreditation Panel, and the Operations and Portfolio Committee to select and nominate members of the Accreditation Panel for the consideration by the Board at its forty-seventh meeting.

The Board, having considered document GCF/B.45/12 titled “Audited financial statements of the Green Climate Fund for the year ended 31 December 2025”:

Approves the audited financial statements of the Green Climate Fund for the year ended 31 December 2025 as contained in annex II to document GCF/B.45/12.

The Board, having considered document GCF/B.45/Inf.12/Add.02 titled “GCF Brand Refresh”:

1. Recalls decision B.BM-2014/04, by which the Board adopted the GCF logo;
2. Adopts the proposed refreshed logo, which enhances visibility across platforms and alignment with partner branding while preserving its integrity; and
3. Requests the Secretariat to continue providing protection for the GCF logo.

The Board, having considered document GCF/B.45/Inf.12 titled “Report on the activities of the Secretariat”:

1. Endorses the refined Commitment Authority Framework methodology, with its risk-based approach, as set out in annex III to document GCF/B.45/Inf.12, for the purpose of increasing programming capacity;
2. Requests the Secretariat to apply the refined Commitment Authority Framework methodology in determining available commitment authority, exercising due prudence in the initial implementation period, while ensuring that the implementation does not affect the Board’s approval of resources already committed and that sufficient resources remain available to honour all approved funding commitments as and when required;
3. Also requests the Secretariat to report to the Board on available commitment authority ahead of each Board meeting, and quarterly via the Risk Dashboard, applying the refined Commitment Authority Framework methodology from its implementation;
4. Delegates to the Risk and Finance Committee responsibility for monitoring the implementation and performance of the refined Commitment Authority Framework methodology, and to advise the Board on any material issues arising from the initial implementation; and
5. Notes that the commitment authority will be determined by the evolving shape of the portfolio, reflecting the policy and programming decisions taken by the Board, which will continue to be taken in line with approved decisions with respect to financial instruments without seeking to influence the risk appetite or financial instrument mix.

A limited distribution decision was adopted through a decision between meetings.

DECISION B.BM-2026/05 on the recommendation on waiver before employment with the Secretariat

This matter was considered by the Board in an executive session.

A limited distribution decision was adopted under this agenda item: 

DECISION B.44/01 on accreditation master agreements