High Impact Programme for the Corporate Sector

High Impact Programme for the Corporate Sector

  • Status Under implementation
  • Date approved 21 Aug 2020 at B.26
  • Est. completion 27 Aug 2029
  • ESS Category Category B

Emissions from industry account for about 30 percent of total global greenhouse gas (GHG) emissions. They arise mainly from the extraction of primary materials and materials processing for manufacturing and construction, including for chemicals and fertilizers, pulp and paper, non-ferrous metals, food processing, and textiles.

This programme is GCF's first at-scale investment to promote the uptake of low-carbon technologies in the industrial sector. It has been designed to facilitate a transformational shift within energy-intensive industries, agribusinesses, and the mining sector in Armenia, Jordan, Kazakhstan, Morocco, Serbia, Tunisia, and Uzbekistan. It seeks to forge a low-carbon pathway by promoting the uptake of high climate impact technologies and stimulating behavioural change at the corporate governance and management level. This includes integrating climate change considerations into strategic, financial, and technological decision making.  

Total project value


Tonnes of emissions avoided




Result areas

Project timeline


17 Mar 2017 - 1254 days

Concept note received

17 Mar 2017

Funding proposal received

23 Jan 2020

Cleared by GCF Secretariat

30 Mar 2020

Cleared by iTAP

28 Jul 2020


21 Aug 2020 - 372 days

Approved by GCF Board

21 Aug 2020

Legal opinion on AE's Internal Approval

07 Dec 2020

FAA executed

02 Jun 2021

Under implementation

27 Aug 2021 - 524 days so far

FAA effective

27 Aug 2021

Disbursement - USD 3,000,000

13 Mar 2022


27 Aug 2029 - 2,399 days to go

Three regions

  • Asia-Pacific
  • Africa
  • Eastern Europe

Seven countries

One priority group

  • African States
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing1% disbursed

LoanUSD 75,750,000
GrantUSD 5,530,000
LoanUSD 176,750,000
Total GCF Financing
USD 258,030,000


Co-FinancingLoanUSD 530,250,000
Co-FinancingGrantUSD 1,360,000
Co-FinancingLoanUSD 227,250,000
Total Co-Financing
USD 758,860,000

GCF Contacts

General media inquiries

GCF Communications
Phone +82 32 4458 6338 (KST)
Send e-mail

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6186 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155 (KST)
Send e-mail

Accredited Entity

European Bank for Reconstruction and Development
Mr. Alexis Franke

Associate Director, Pillar Head, Donor Co-financing
Ms. Elodie Loppé

Associate Manager, Donor Co-financing
More contacts

National Designated Authority

Ministry of Ecology, Geology and Natural Resources of the Republic of Kazakhstan
Ms. Zulfiya Suleimenova Primary
Vice-Minister, Ministry of Ecology, Geology and Natural Resources of the Republic of Kazakhstan
Mangilik el ave., 8, House of Ministries, 14 entrance, office 433, Kazakhstan
Phone +7 (7172) 740069
Mr. Olzhas Agabekov Secondary
Director of Climate Policy and Green Technologies Department
Phone +7 7172 740228
Mrs. Ainur Kopbayeva Secondary
Deputy Director of Climate Policy and Green Technologies Department
Phone +7 7172 740293
Mrs. Shattyk Tastemirova Operational focal point
Head of Adaptation to Climate Change Unit, Climate Policy, and Green Technologies Department
Phone +7 7172 740293
Ministry of Investments and Foreign Trade of the Republic of Uzbekistan
Mr Badriddin Abidov Primary
Deputy Minister
1 Islam Karimov Str., Tashkent city, Uzbekistan
Phone +998 71 238 50 81
Ministry of Environment
Mr. Belal Shqarin Primary
Director, Climate Change Directorate
King Faisal Bin Abd Aziz Street, 83 Um Uthaina, Amman, Jordan
Ministry of Energy Transition and Sustainable Development- Department of Sustainable Development
Mr. Bouzekri Razi Primary
Director of Climate Change, Biodiversity, and Green Economy
Ministry of Environment and Sustainable Development
Mr. Chokri Mezghani Primary
Director of General Directorate of Sustainable Development
Ministere des Affaires Locales et l'Environnement, Cite Administrative, Rue du Developpement, Cite el Khadra, Tunis, Tunisia
Phone +216 22 74 93 62
Phone +216 70 24 38 00
Ministry of Agriculture, Forestry and Water Management
Mr. Branislav Nedimović Primary
Nemanjina 22-26, Belgrade, Serbia
Ministry of Environment
Mr. Hakob SIMIDYAN Primary
3 Government Bld, Republic Square, Yerevan, Armenia
Phone +37411818501
Ms. Ruzanna Grigoryan Secondary
Head of International Cooperation Department
Phone +37411818513


News + Stories

GCF-EBRD agreement launches USD 1 billion initiative to curb industry emissions

02 Jun 2021 / The Green Climate Fund (GCF) is taking a major step to reduce industrial emissions in developing countries following the signing on Wednesday of a USD 1 billion partnership agreement with the European Bank for Reconstruction and Development (EBRD).