Environment and social safeguards
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.
This is facilitated by a set of management processes and procedures that allow GCF to identify, analyse, avoid, minimise, and mitigate any potential adverse environmental and social impacts of its activities, to maximise environmental and social benefits, and to improve the environmental and social performance of GCF and its activities consistently over time. This system of processes and procedures is an overarching framework for achieving improvements in environmental and social outcomes while addressing any unintended adverse impacts of all the GCF-financed activities. GCF incorporates environmental and social considerations into its decision-making and operations and identifies opportunities to “do good” and improve environmental and social outcomes.
The interim Environmental and Social Safeguards of the GCF are the International Finance Corporation’s Environmental and Social Performance Standards.