This analysis looks at the 26 private sector entities currently accredited with the GCF as implementing entities and the approaches and financial instruments they use for GCF funded climate actions. It critically highlights significant transparency and accountability deficits at accreditation with a number of these actors, many of them commercial banks, including with respect to their experience and track record in implementing environmental and social safeguards and gender mandates of the GCF. The paper also highlights core considerations for re-accreditation efforts, including how such private sector entities can demonstrate a shift of their entire portfolio away from providing fossil fuel financing support as a results of their funding relationship with the GCF.
Date of Publication
Heinrich-Böll-Stiftung Washington, DC
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Language of publication