This document presents a progress report on the development of a strategy on accreditation of the Green Climate Fund (GCF), in line with the Board’s decision B.10/06, paragraph (r), which requested the Accreditation Committee, with support from the Secretariat, to work on such a strategy. This document also examines issues including the efficiency, fairness and transparency of the accreditation process, as well as the extent to which current and future accredited entities enable the GCF to fulfil its mandate.