B.25/05: Board decisions without a Board meeting

The Board, having considered document GCF/BM-2020/01 titled “Implementation matters relating to the GCF’s obligations under the Policy on the Prevention and Protection from Sexual Exploitation, Sexual Abuse, and Sexual Harassment”:

1. Reiterates the commitment of the GCF to the highest standards of integrity, including its zero tolerance for sexual exploitation, sexual abuse and sexual harassment;
2. Decides that the provisions of the Policy on the Prevention and Protection from Sexual Exploitation, Sexual Abuse, and Sexual Harassment relating to third parties (including Counterparties and Victims that are not Covered Individuals, each as defined in the Policy on the Prevention and Protection from Sexual Exploitation, Sexual Abuse, and Sexual Harassment) are to be reviewed and revised and, pending the outcome of such review and revision, are inoperative;
3. Takes note that, subject to paragraph (b) above, the Policy on the Prevention and Protection from Sexual Exploitation, Sexual Abuse, and Sexual Harassment is in effect;
4. Requests the Secretariat to present to the Board, no later than its twenty-seventh meeting, the proposed revisions of the Policy on the Prevention and Protection from Sexual Exploitation, Sexual Abuse, and Sexual Harassment, in line with best practices among international financial institutions and the business model of the GCF;
5. Also requests the Secretariat to assess the cost implications of implementation of the Policy on the Prevention and Protection from Sexual Exploitation, Sexual Abuse, and Sexual Harassment and to submit to the Budget Committee a budget request for its consideration prior to its presentation to the Board at its twenty-seventh meeting; and
6. Further requests the Secretariat to present to the Board for its consideration, no earlier than the consideration of the proposed revisions to the Policy on the Prevention and Protection from Sexual Exploitation, Sexual Abuse, and Sexual Harassment described in paragraph (d) above, amendments to the relevant standards, safeguards and policies of the GCF, to address the requirements placed on accredited entities to integrate the obligations set out in the Policy on the Prevention and Protection from Sexual Exploitation, Sexual Abuse, and Sexual Harassment.