B.37/18: Consideration of accreditation proposals

The Board, having considered document GCF/B.37/03 titled “Consideration of accreditation proposals”:

  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 re-accreditation:
    1. Applicant R043 (RAPL043) is the Foreign Environmental Cooperation Center of the Ministry of Ecology and Environment of China (formerly Foreign Economic Cooperation Office) (FECO), based in China, as contained in document GCF/B.37/03/Add.03;
    2. Applicant R053 (RAPL053) is the Micronesia Conservation Trust (MCT), based in Micronesia (Federated States of), as contained in document GCF/B.37/03/Add.04;
    3. Applicant R040 (RAPL040) is the Food and Agriculture Organization of the United Nations (FAO), based in Italy, as contained in document GCF/B.37/03/Add.05;
    4. Applicant R038 (RAPL038) is the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH (GIZ), based in Germany, as contained in document GCF/B.37/03/Add.06;
    5. Applicant R041 (RAPL041) is the International Fund for Agricultural Development (IFAD), based in Italy, as contained in document GCF/B.37/03/Add.07; and
    6. Applicant R054 (RAPL054) is MUFG Bank, Ltd (MUFG) (formerly Bank of TokyoMitsubishi UFJ, Ltd. (BTMU)), based in Japan, as contained in document GCF/B.37/03/Add.08;

      pursuant to paragraph 45 of the Governing Instrument for the GCF, subject to, and in accordance with, the assessments by the Accreditation Panel contained in the relevant addendum for each of the applicants, and subject to the completion of Stage III of the accreditation process by having an effective amendment to the original accreditation master agreement, in accordance with decision B.24/13;
  2. Approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the reaccreditation of RAPL043, the Foreign Environmental Cooperation Center of the Ministry of Ecology and Environment of China (formerly Foreign Economic Cooperation Office) (FECO), based in China, subject to, and in accordance with, the assessment by the Accreditation Panel contained in document GCF/B.37/03/Add.03, and subject to the completion of Stage III of the accreditation process by having an effective amendment to the original accreditation master agreement, in accordance with decision B.24/13;
  3. Also approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the reaccreditation of RAPL053, Micronesia Conservation Trust (MCT), based in Micronesia (Federated States of), subject to, and in accordance with, the assessment by the Accreditation Panel contained in document GCF/B.37/03/Add.04, and subject to the completion of Stage III of the accreditation process by having an effective amendment to the original accreditation master agreement, in accordance with decision B.24/13;
  4. Further approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the re-accreditation of RAPL040, the Food and Agriculture Organization of the United Nations (FAO), based in Italy, subject to, and in accordance with, the assessment by the Accreditation Panel contained in document GCF/B.37/03/Add.05, and subject to the completion of Stage III of the accreditation process by having an effective amendment to the original accreditation master agreement, in accordance with decision B.24/13;
  5. Approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the reaccreditation of RAPL038, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH (GIZ), based in Germany, subject to, and in accordance with, the assessment by the Accreditation Panel contained in document GCF/B.37/03/Add.06, and subject to the completion of Stage III of the accreditation process by having an effective amendment to the original accreditation master agreement, in accordance with decision B.24/13;
  6. Also approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the reaccreditation of RAPL041, the International Fund for Agricultural Development (IFAD), based in Italy, subject to, and in accordance with, the assessment by the Accreditation Panel contained in document GCF/B.37/03/Add.07, and subject to the completion of Stage III of the accreditation process by having an effective amendment to the original accreditation master agreement, in accordance with decision B.24/13;
  7. Further approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the re-accreditation of RAPL054, MUFG Bank, Ltd (MUFG) (formerly Bank of Tokyo- Mitsubishi UFJ, Ltd. (BTMU)), based in Japan, subject to, and in accordance with, the assessment by the Accreditation Panel contained in document GCF/B.37/03/Add.08, and subject to the completion of Stage III of the accreditation process by having an effective amendment to the original accreditation master agreement, in accordance with decision B.24/13;
  8. Takes note of the efforts of MUFG Bank, Ltd. to advance the purpose of the GCF, including through the MUFG Carbon Neutrality Declaration, and related statements in the context of the United Nations Framework Convention on Climate Change and the Paris Agreement;
  9. Also 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 122 (APL122) is the Federated States of Micronesia Development Bank (FSMDB), based in Micronesia (Federated States of), as contained in document GCF/B.37/03/Add.09;
    2. Applicant 123 (APL23) is the CARICOM Development Fund (CDF), based in Barbados, as contained in document GCF/B.37/03/Add.10; and
    3. Applicant 124 (APL124) is SK Securities, Co., Ltd (SK Securities), based in the Republic of Korea, as contained in document GCF/B.37/03/Add.11; pursuant to paragraph 45 of the Governing Instrument for the GCF, subject to, and in accordance with, the assessment by the Accreditation Panel contained in the relevant addendum for each of the applicants, and subject to the completion of Stage III of the accreditation process by having an effective accreditation master agreement, in accordance with decision B.23/11;
  10. Approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the accreditation of APL122, the Federated States of Micronesia Development Bank (FSMDB), based in Micronesia (Federates States of), subject to, and in accordance with, the assessment by the Accreditation Panel contained in document GCF/B.37/03/Add.09, and subject to the completion of Stage III of the accreditation process by having an effective accreditation master agreement, in accordance with decision B.23/11;
  11. Also approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the accreditation of APL123, the CARICOM Development Fund (CDF), based in Barbados, subject to, and in accordance with, the assessment by the Accreditation Panel contained in document GCF/B.37/03/Add.10, and subject to the completion of Stage III of the accreditation process by having an effective accreditation master agreement, in accordance with decision B.23/11;
  12. Further approves, pursuant to paragraph 45 of the Governing Instrument for the GCF, the accreditation of APL124, SK Securities, Co., Ltd (SK Securities), based in the Republic of Korea, subject to, and in accordance with, the assessment by the Accreditation Panel contained in document GCF/B.37/03/Add.11, and subject to the completion of Stage III of the accreditation process by having an effective accreditation master agreement, in accordance with decision B.23/11;
  13. Takes note of the status of the fulfilment by accredited entities of accreditation conditions as assessed by the Accreditation Panel contained in document GCF/B.37/03/Add.01;
  14. Approves, pursuant to the recommendation by the Accreditation Panel contained in document GCF/B.37/03/Add.01, the modification of the condition of accreditation for the Japan International Cooperation Agency (JICA), as contained in paragraph 45(b)(ii) of annex XVI to decision B.17/13, by amending the condition such that it shall be met by the entity within two years of the first disbursement by the GCF for an approved project/programme to be undertaken by Japan International Cooperation Agency (JICA);
  15. Recalls that the scope of review for assessment of accreditation are set out in the updates to the accreditation framework adopted by the Board in decision B.31/06, annex IV, and, in respect of re-accreditation, the scope of review set out in the re-accreditation process adopted by the Board in decision B.24/13, annex XXVI;
  16. Recognizes that information included by the Accreditation Panel in the assessment of entities that goes beyond the scopes of review recalled in paragraph (o), is informative in nature and does not imply or impose additional requirements on applicants for accreditation or re-accreditation;
  17. Decides, notwithstanding the provisions of decision B.11/10, annex I, paragraph 6, and decision B.24/13, paragraph (a), that the accreditation term of all accredited entities is extended by three (3) years from the date its accreditation term lapsed or will lapse or until the date on which a revised accreditation framework is adopted by the Board, whichever is earlier. For the avoidance of doubt, in respect of the fifth year of the accreditation term, accredited entities are to report to the Secretariat consistent with the form and requirements of the midterm report required under the monitoring and accountability framework. The extension described herein does not apply to (1) any accredited entity which has notified the Secretariat prior to the date of this decision that it will not apply for re-accreditation; or (2) any accredited entity which notifies the Secretariat of its decision to opt out of the extension; in each case the accreditation term is to lapse at the end of the fifth year of their accreditation term; and
  18. Requests the Secretariat, in consultation with the Accreditation Committee, to present a revised accreditation framework at the last Board meeting of 2024.