Non-financial Risk Policy (Component VI)

Document cover for Non-financial Risk Policy (Component VI)
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Non-financial Risk Policy (Component VI)

This document, the Non-financial Risk Policy (“policy”), is a part of the comprehensive Risk Management Framework, and describes management approach to non-financial risks. Non-financial Risk is defined as the potential for financial and non-financial losses arising from the failure of people, process, or technology or the impact of external events.

This document captures the policy as adopted by the Board in decision B.19/04. The policy was sent to the Board for consideration at B.19 in document GCF/B.19/19 titled “Risk management framework: Proposal by the Risk Management Committee”.

All decisions and documents adopted at B.19 can be found in document GCF/B.19/43 titled “Decisions of the Board – nineteenth meeting of the Board, 26 February – 1 March 2018”.

Cover date 01 March 2018
Document type Policies, strategies, and guidelines
Table of contents
  • Introduction
  • Objectives and scope
  • Roles and Responsibilities: GCF Operational Process Error Risks and IT Risks
  • Business Continuity Management
  • Reputation Risk Management
  • Staffing Risk Management
  • Administrative provisions