Adopted by decision B.40/17, paragraph (a). Updates the GCF risk appetite statement, providing direction to guide and steer the overall level of risk-taking and proactive risk management across GCF operations. The risk appetite statement is part of GCF’s risk management framework.

Sets out the financial risk policies, risk monitoring and reporting, and risk governance components, as updated by the Risk Management Committee.

Adopted by decision B.19/04 (b). Presents an update to the risk dashboard.

Adopted by decision B.17/11 (a) (i). Adopts the risk register which provides a comprehensive list of non-overlapping risk types that concern the GCF.

Adopted by decision B.23/14. The compliance risk policy provides a framework to deal with compliance risks.

Adopted by decision B.BM-2015/06 (a). Adopts the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework as the internal control framework for the GCF.
Adopted by decision B.BM-2015/06 (c). Establishes the administrative guidelines on the internal control framework and internal audit standards.

Adopted by decision B.17/11 (a) (iv). Provides guidelines for the risk assessment of Funding Proposals and Concept Notes by GCF.

Adopted by decision B.19/04 (a) (iii). This document presents the policy governing funding risk management for the GCF.

Adopted by decision B.19/04 (a) (i). Defines the investment risk management requirements related to the risk of failure of a Funded Activity or Readiness / Project Preparation Facility (“PPF”) Proposal to deliver the expected impact, or the risk of delay or shortfall of reflows from these activities.

Adopted by decision B.19/04 (a) (ii). This policy describes management approach to non-financial risks and the definition of non-financial risks.