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Environmental and Social Policy

Environmental and Social Policy

In carrying out its mandate of promoting a paradigm shift towards low-emission and climate-resilient development pathways in the context of sustainable development, GCF will effectively and equitably manage environmental and social risks and impacts, and improve outcomes of all GCF-financed activities. The Environment and Social Policy presents the commitments of GCF and articulates the principles and standards to which GCF will hold itself accountable.

Through this policy, GCF will require that all GCF-supported activities will commit to:

  • Avoid, and where avoidance is impossible, mitigate adverse impacts to people and the environment;
  • Enhance equitable access to development benefits; and
  • Give due consideration to vulnerable and marginalised populations, groups, and individuals, local communities, indigenous peoples, and other marginalized groups of people and individuals that are affected or potentially affected by GCF-financed activities.

The policy articulates the commitments of GCF to sustainable development, elaborates how GCF integrates environmental and social issues into its processes and activities, and sets the roles and responsibilities including the requirements to deliver these commitments. To achieve these, the policy defines how GCF will manage the environmental and social risks and impacts, and how GCF will support the overall sustainability of its operations and investments in line with its obligations under national and international law and other relevant standards.

This document captures the policy as adopted by the Board in decision B.19/10. The policy was sent to the Board for consideration at B.19 in document GCF/B.19/06 titled “Environmental and social management system: environmental and social policy”.

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
Ref. number
GCF policy
Document type
GCF policy
Table of contents
  • Introduction
  • Definitions
  • Objectives and scope
  • Guiding principles
  • Overview of roles and responsibilities
  • General requirements for environmental and social risk management
  • Information disclosure, stakeholder engagement, and grievance redress
  • Implementation arrangements and resource provision
  • Effective date and review