1.1. Board Decisions on Accreditation
10 meeting of the Board
th
Agenda item 10: Additional modalities that further enhance direct access: Terms of
reference for a pilot phase
DECISION B.10/04
The Board, having considered document GCF/B.10/05 Additional Modalities that Further
Enhance Direct Access: Terms of Reference for a Pilot Phase:
(a) Approves the terms of reference for a pilot phase enhancing direct access to the Green
Climate Fund (the Fund) as contained in Annex I to this document
(b) Requests the Secretariat, under the guidance and oversight of the Accreditation
Committee and in consultation with relevant stakeholders and the independent Technical
Advisory Panel, to prepare and launch a request for proposal for countries, in accordance
with Annex I hereto (Request for Proposal), through their national designated authorities
or focal points and public media;
(c) Recalls that access to Fund resources will be through accredited entities. As such,
nominated entities must be accredited by the Fund, in respect of the Fund’s fit-forpurpose approach, prior to the review by the Board of their pilot proposals; ;
(d) Requests the Secretariat to publish the pilot proposals on the Fund’s website at least 21
calendar days before the first day of the meeting at which they will be presented to the
Board for approval;
(e) Also requests the Secretariat and the independent Technical Advisory Panel to
undertake the assessment of pilot proposals received in response to a request for proposal
from countries in accordance with the Fund’s initial proposal approval process, and the
initial investment framework and to provide recommendations on pilots to be approved
with the initial aim of providing up to US$ 200 million for at least 10 pilots, including at
least four pilots to be implemented in small island developing States, the least developed
countries and African States; and
(f) Further requests the Secretariat to report back to the Board on the progress made on this
request for proposal at the twelfth meeting of the Board.
Agenda item 12: Consideration of accreditation proposals
DECISION B.10/06
The Board, having considered document GCF/B.10/03 Consideration of Accreditation
Proposals and after further exchange with the Accreditation Panel (AP):
(d) Decides that the Board shall continue to exercise its discretion and best judgement in
future accreditation decisions;
(e) Requests the Secretariat to track and report on the fulfilment of conditions of
accreditation on a regular basis;;
(f) Takes note that, pursuant to decision B.08/03, paragraph (k), the Secretariat in
consultation with the AP, is proposing that the eligibility to apply under the fast-track
accreditation process be extended to those entities listed in Annex XXI; ;
(g) Decides that those entities referred to in Annex XXI are also eligible to apply under the
fasttrack accreditation process for the Fund’s standards in accordance with decision
B.08/03, paragraph (e), for Global Environment Facility agencies, decision B.08/03,
paragraph (f), for entities accredited by the Adaptation Fund, and decision B.08/03,
paragraph (g), for entities under the Directorate-General for Development and
Cooperation – EuropeAid of the European Commission;
(h) Also decides that, recalling decision B.06/06 and pursuant to decision B.09/07,
paragraph (g), the Secretariat will actively support applications for accreditation received
from subnational, national and regional public and private sector entities in order to
ensure a balance of diversity, including between entities under the direct access and
international access modalities, in the list of entities being considered for accreditation by
the Board;
(i) Further decides that, recalling decision B.08/03, all international entities, as an
important consideration of their accreditation application, shall indicate how they intend
to strengthen capacities of, or otherwise support, potential subnational, national and
regional entities to meet, at the earliest opportunity, the accreditation requirements of the
Fund in order to enhance country ownership and that they report annually on these
actions;
(j) Reaffirms that information on how the entity will contribute to the mandate of the
Fund and any information considered material, particularly information with potential
reputational risks to the Fund, shall be provided in the recommendation of the AP to the
Board;
(k) Requests the Secretariat, as part of the information disclosure policy to be considered by
the Board at its eleventh meeting, in consultation with relevant stakeholders, to develop a
proposal to increase the transparency of the accreditation process, including the
modalities for the disclosure of the names of applicant entities and/or those
recommended by the AP to the Board for accreditation;
(l) Decides that, recalling decision B.09/08, the accreditation master agreement, to be
signed between the Fund and each accredited entity, shall define the relationship
between the Fund and the entity, including the roles of each and how each will carry out
its responsibilities, under those arrangements, with regard to the extent and scope of its
accreditation;
(m) Requests the Secretariat to address through the accreditation master agreement or
other relevant documents, including the risk management framework, any conflict of
interest, potential conflict of interest and reputational risks which may arise from the
relationship between the Fund and its accredited entities reflecting generally accepted
international standards;
(n) Also requests the Secretariat to present relevant policies addressing fraud, corruption
and other prohibited practices, and policies addressing anti-money laundering and
countering the financing of terrorism issues, taking into account relevant Board decisions
and international best practices and standards for inclusion in the Fund’s fiduciary
principles and standards adopted in decision B.07/02, for consideration by the Board no
later than its eleventh meeting;
(o) Authorizes the Executive Director to recruit a fiduciary compliance specialist with
antimoney laundering and countering financing of terrorism skills
(p) Decides that, in accordance with the disclosure policies of the Fund:
(i)
The Secretariat will submit a document on the consideration of accreditation
proposals, including the AP’s assessment and recommendations on accreditation
and names of the entities, to the Board at least 21 days before the start of the
Board meeting;
Board members may provide questions about the entities being recommended for
accreditation, in writing, to the Secretariat within one week of the AP’s
recommendations being circulated to the Board;
(iii) The Secretariat shall compile questions provided by the Board, and circulate the
compilation of questions, verbatim, to the AP and all Board members; and
(iv) The AP shall respond to all questions and provide a compilation of those
responses to the Board at the latest one week before the Board meeting. The AP
will have sole authority to decide whether or not to make changes to its
recommendation in response to feedback from the Board.
(q) Also decides to revise the membership of the Accreditation Committee, as contained in
Annex IV to decision B.07/02, to comprise
(i)
Three Board members or alternate members from developing country Parties;
and
(ii) Three Board members or alternate members from developed country Parties; and
(r) Requests the Accreditation Committee with the support of the Secretariat to work on a
strategy on accreditation for consideration by the Board at its eleventh meeting. The
report should examine issues including efficiency, fairness and transparency of the
accreditation process, as well as the extent to which current and future accredited entities
enable the Fund to fulfil its mandate.
Agenda item 13: Initial monitoring and accountability framework for accredited
entities (progress report)
DECISION B.10/07
The Board, having reviewed document GCF/B.10/Inf.11 Initial Monitoring and
Accountability Framework for Accredited Entities (Progress Report):
(a) Notes the need for ongoing monitoring of compliance with the Green Climate Fund’s
(the Fund) fiduciary standards, environmental and social safeguards, and gender policy;
(b) Decides that the accreditation of an entity to the Fund is valid for a fixed term of five
years or less, depending on the terms of accreditation;
(c) Also decides that the Board will decide whether an entity is to be re-accredited, based
on the assessment conducted by the Secretariat and the Accreditation Panel; ;
(d) Further decides that the initial monitoring and accountability framework will focus on
compliance with the Fund’s environmental and social safeguards, fiduciary standards,
and gender policy, and will comprise at least four compliance checks of the accredited
entities and activities financed by the Fund as follows:
(i)
Annual self-reporting to the Secretariat by the accredited entity and at any time
when an important change in the capacity or any other material aspect of the
accredited entity with regard to the Fund’s fiduciary standards, environmental
and social safeguards, and gender policy occurs;
(ii) Ad hoc checks by the Secretariat at the level of the accredited entity and/or at the
level of the project/programme, when any significant concern of potential noncompliance arises;
(iii) Annual review on a given proportion by number of projects, of the Fund’s
portfolio of projects and programmes, where projects and programmes to be
reviewed are selected inter alia with consideration of the risk category of the
project/programme; and
(ii)
A light-touch review of the accredited entity halfway through its five-year
accreditation period;
(e) Requests the Secretariat to further develop the initial monitoring and accountability
framework for consideration by the Board at its eleventh meeting, in particular providing
more detail on:
(i) Corrective actions and remedies that can be implemented in cases of noncompliance;
(ii) The implementation of the compliance checks listed in paragraph (d) above and
any additional compliance checks that may be identified;
(iii) An early warning system to support ad hoc checks and the annual review of a
portion of the Fund’s portfolio;
(iv) Local monitoring (including feedback from a range of stakeholders, including
women);
(v) How to process the potential reaccreditation of accredited entities at the end of
their five-year accreditation period;
(vi) How the initial monitoring and accountability framework will relate to and work
with the Fund’s accountability units;
(vii) Ensuring there are sufficient resources available to the Secretariat to implement
the framework;
(viii) How the framework will use a risk-based approach, including by leveraging other
monitoring processes, to use its resources efficiently;
(ix) Reporting on the findings of activities under the monitoring and accountability
framework; and
(x) How the national designated authority or focal point can be included in the initial
monitoring and accountability framework; and
(f) Also requests the Secretariat, when further developing the initial monitoring and
accountability framework, to do so in consultation with the Accreditation Committee and
entities accredited by the Fund, and by engaging a wide group of stakeholders, including
women through a call for public input.
(iv)
9 meeting of the Board
th
Agenda item 15: Legal and formal arrangements with accredited entities
DECISION B.09/08
The Board, having considered document GCF/B.09/03 Legal and Formal Arrangements
with Accredited Entities:
(a) Endorses that the Fund shall enter into agreements or other arrangements with entities
upon their accreditation by the Board taking into account the considerations set out
in Annex XI
(b) Authorizes, to the extent necessary, the Executive Director – or his/her designee – on
behalf of the Fund to negotiate and agree on the terms and conditions of such
agreements with accredited entities reflecting the scope of the accreditation, and to enter
into such agreements;
(c) Requests the Secretariat to inform the Board regularly on progress made in the
implementation of this decision;;
(d) Also requests the Secretariat to include in the proposal on the monitoring and
accountability framework to be prepared for consideration by the Board at its tenth
meeting a proposal on the potential fixed term of the accreditation decisions.
Agenda item 23: Gender policy and action plan
DECISION B.09/11
The Board, having considered document GCF/B.09/10 Gender Policy and Action Plan:
(a) Adopts the gender policy proposed in Annex XIII, acknowledging the progress made in
advancing gender balance and gender equality within the context of climate change
policies and in line with individual country circumstances, when applying said policy;
(b) Also adopts the gender action plan as contained in Annex XIV;
(c) Requests the Secretariat to take the necessary measures in order to expedite the
implementation of the policy and action plan; and;
(d) Also requests the Secretariat’s Gender and Social Development Specialist to conduct a
review of the gender policy and action plan, in consultation with the civil society
organizations accredited with the Fund, and to submit an updated version of both by the
twelfth meeting of the Board. Members of the Board are invited to submit their comments
or additional proposals regarding the current policy and action plan by the tenth meeting
of the Board.
8 meeting of the Board
th
Agenda item 6: Guiding framework and procedures for accrediting national, regional
and international implementing entities and intermediaries, including the Fund’s
fiduciary principles and standards and environmental and social safeguards
A. Guidelines for the operationalization of the fit-for-purpose accreditation approach
DECISION B.08/02
The Board, having considered document GCF/B.08/02 Guidelines for the
Operationalization of the Fit-for-purpose Accreditation Approach and recalling decision
B.07/02, paragraph (r):
(a) Recalls that all entities, including international, regional, national and subnational
entities, can apply for accreditation to the Green Climate Fund;
(b) Stresses the fundamental importance for the accreditation process to contribute to
building the capacities of entities in developing countries;
(c) Approves the guidelines for the operationalization of the fit-for-purpose accreditation
approach set out in Annex I;
(d) Requests the Secretariat to finalize the relevant accreditation application documents
and open a call for submissions of accreditation applications from implementing entities
and intermediaries within four weeks after the eighth meeting of the Board, and use best
efforts to have applications ready for consideration and possible decision on accreditation
by the Board at its ninth meeting;
(e) Requests the Secretariat to develop a monitoring and accountability framework, which
will include policies on the suspension and cancellation of accreditation to complement
the operational guidelines approved in Annex I to document GCF/B.07/11 and the Fund’s
other relevant accountability mechanisms, for consideration by the Board at its ninth
meeting; and
(f) Requests the Secretariat to prepare a document on additional guidelines of the Fund
with regard to non-multilateral international entities, in particular on their role with
respect to the Fund’s objectives and modalities, and following a country-driven approach,
for consideration by the Board at its ninth meeting.
B. Assessment, including gap analysis, of institutions accredited by other relevant funds
DECISION B.08/03
The Board, having reviewed document GCF/B.08/03 Assessment of Institutions Accredited
by Other Relevant Funds and Their Potential for Fast-track Accreditation:
(a) Recalls that all entities, including subnational, national, regional and international
entities, can apply for accreditation to the Green Climate Fund;
(b) Takes note of the assessment of institutions accredited by other relevant funds and their
potential for eligibility to apply under the fast-track accreditation process presented
in Annex II to this document;
(c) Decides that the purpose of the fast-track accreditation is to expedite the accreditation
of entities, including subnational, national, regional, and international entities, that have
already been accredited by a relevant fund or institution that has an accreditation
process, and whose fiduciary and environmental and social standards are found to be
comparable to the Fund’s fiduciary standards and environmental and social safeguards
(ESS);
(d) Decides that in the fast-track accreditation process, the Accreditation Panel shall:
(i)
Identify, with the support of the Secretariat, the extent to which the fiduciary and
environmental and social standards of the relevant fund or institution are
comparable to those of the Fund and where gaps may exist;
(ii) Rely on the assessment of the relevant fund or institution with respect to the
fiduciary and environmental and social standards that are comparable to those of
the Fund when accrediting an entity to the Fund;
(iii) Assess whether the applicant adequately meets the Fund’s fiduciary standards
and ESS where there are gaps, consistent with the application of the fit-forpurpose approach, and
(iv) Recommend to the Board whether an applicant entity shall be granted
accreditation and indicate conditions, if any;
(e) Decides that entities accredited by the GEF up to the time of this Board decision and in
full compliance with the GEF’s Minimum Fiduciary Standards and Minimum Standards
on Environmental and Social Safeguards (ESS) are eligible to apply under the fast-track
accreditation process for the Fund’s basic fiduciary standards, the specialized fiduciary
standard for project management, and ESS. The assessment for accreditation will focus on
the following gaps (see paragraphs (e) (i) and (ii) below) insofar as they are relevant to
the entity’s intended activities, which are to be addressed by the entity. The entity will be
assigned a risk category for funding proposals for projects and activities commensurate
with its track record if and when the entity is approved for accreditation:
(i)
Fiduciary gap: Anti-money laundering and anti-terrorist financing (basic
fiduciary criteria for the purpose of transparency and accountability) (see Annex
III); and
(ii) ESS gap: Have the capacity to assess and manage relevant elements of
Performance Standards 1-4 and 6 environmental and social risks and impacts, per
Table 1 in Annex IV, in line with the Fund's ESS through an ESMS (see Annex IV);
(f) Decides that entities accredited by the Adaptation Fund (AF) up to the time of this Board
decision and in full compliance with the AF’s fiduciary standards are eligible to apply
under the fast-track accreditation process for the Fund’s basic fiduciary standards, the
specialized fiduciary standard for project management, and ESS. The assessment for
accreditation will focus on the following gaps (see paragraphs (f) (i)–(iv) below) insofar as
they are relevant to the entity’s intended activities, which are to be addressed by the
entity. The entity will be assigned a risk category for funding proposals for projects and
activities commensurate with its track record if and when the entity is approved for
accreditation:
(i)
Fiduciary gap: Have publicly available terms of reference that outline the
purpose, authority and accountability for the investigation function (basic
fiduciary criteria for the purpose of transparency and accountability and scope of
investigation) (see Annex III);
(ii) Fiduciary gap: Ensure functional independence by having the investigations
function headed by an officer who reports to a level of the organization that
allows the investigation function to fulfil its responsibilities objectively (basic
fiduciary criteria for the purpose of transparency and accountability and scope of
investigation) (see Annex III);
(iii) Fiduciary gap: Publish guidelines for processing cases, including standardized
procedures for handling complaints received by the function and managing cases
before, during and after the investigation process (basic fiduciary criteria for the
purpose of transparency and accountability and scope of investigation) (see
Annex III); and
(iv) ESS gap: Have the capacity to assess and manage relevant Performance
Standards 1-8 environmental and social risks and impacts in line with the Fund's
ESS through an ESMS (see Annex IV);
(g) Decides that entities accredited by the Directorate-General for Development and
Cooperation – EuropeAid of the European Commission (EU DEVCO) up to the time of this
Board decision and in full compliance with EU DEVCO’s fiduciary standards are eligible to
apply under the fast-track accreditation process for the Fund’s basic fiduciary standards,
the specialized fiduciary standard for grant award and/or funding allocation
mechanisms, and ESS. The assessment for accreditation will focus on the following gaps
(see paragraphs. (g) (i) and (ii) below), insofar as they are relevant to the entity’s intended
activities, which are to be addressed by the entity. The entity will be assigned a risk
category for funding proposals for projects and activities commensurate with its track
record if and when the entity is approved for accreditation:
(i)
Fiduciary gap: anti-money laundering and anti-terrorist financing (basic
fiduciary criteria for the purpose of transparency and accountability) (see Annex
III); and
(ii) ESS gap: Have the capacity to assess and manage relevant Performance
Standards 1-8 environmental and social risks and impacts in line with the Fund's
ESS through an ESMS (see Annex IV).
(h) Decides that any entity accredited by funds referred to in paragraphs (e), (f) and (g)
must address any remaining gaps identified in relation to those funds. The entity will be
assigned a risk category for funding proposals for projects and activities commensurate
with its track record if and when the entity is approved for accreditation;
(i) Recommends that those entities referred to in paragraphs (e), (f) and (g) to apply for
fast-track accreditation once the application process is open;
(j) Recommends that international entities who apply for fast-track propose, as an
important additional consideration of their fast track accreditation application, how they
intend to strengthen capacities of or otherwise support potential subnational, national
and regional implementing entities and intermediaries to meet, at the earliest
opportunity, the accreditation requirements of the Fund in order to enhance country
ownership; and
(k) Requests the Secretariat, in consultation with the Accreditation Panel, to identify other
entities applying fiduciary and environmental and social principles or standards found to
be comparable with the Fund’s fiduciary standards and ESS, and to propose to the Board
that the eligibility to apply under the fast-track accreditation process be extended to those
entities.
C. Policy on fees for accreditation
DECISION B.08/04
The Board, having reviewed document GCF/B.08/04 Policy on Fees for Accreditation of the
Fund:
(a) Approves the policy on fees for accreditation of the Green Climate Fund set out in Annex
VI; and
(b) Requests the Secretariat to initiate, no later than three years from the date of approval
of the policy, a review, based on lessons learned, of the policy on fees for accreditation of
the Fund.
D. Identification of relevant potential international private sector best-practice fiduciary
principles and standards and environmental and social safeguards
DECISION B.08/05
The Board, having reviewed document GCF/B.08/05 Relevant International Private Sector
Best-Practice Fiduciary Principles and Standards and Environmental and Social
Safeguards:
(a) Recalls decision B.07/02 in which the Board decided to adopt the initial guiding
framework for the Fund’s accreditation process as contained in Annex I to document
GCF/B.07/11, recognizing that it also applies to private sector entities;
(b) Reaffirms that the fiduciary standards and environmental and social safeguards (ESS)
will apply to all applicant entities, regardless of their public or private sector status;
(c) Invites institutions with a track record of engaging with the private sector, in particular
those in areas that are relevant to the Fund’s objectives, to apply for accreditation to the
Fund; and
(d) Requests the Secretariat, in consultation with the Accreditation Panel, to provide
recommendations on their potential accreditation or fast-tracking for decision by the
Board at its first meeting in 2015.
E. Application documents for submissions of applications for accreditation
DECISION B.08/06
The Board, having reviewed document GCF/B.08/06 Application Documents for
Submissions of Applications for Accreditation and recalling decision B.07/02, paragraph
(r):
(a) Adopts the content of the application for accreditation to the Green Climate Fund set
out in Annex VII;
(b) Requests
the Secretariat to finalize the relevant accreditation application documents
and open a call for submissions of accreditation applications from implementing entities
and intermediaries within four weeks after the eighth meeting of the Board, and use best
efforts to have applications ready for consideration and possible decision on accreditation
by the Board at its ninth meeting; and
(c) Requests the Secretariat, recognizing that applications and supporting information will
be initially submitted in English, to work on a way to allow for the submission of
applications in other United Nations official languages with due consideration of
implications in terms of cost and complexity.
Agenda item 8: Additional modalities that further enhance direct access, including
through funding entities
DECISION B.08/09
The Board, having considered document GCF/B.08/09 Additional Modalities that Further
Enhance Direct Access, Including through Funding Entities:
(a) Requests the Secretariat, under the guidance of the Accreditation Committee and in
consultation with relevant stakeholders, to prepare terms of reference for modalities for
the operationalization of a pilot phase that further enhances direct access, which will
include relevant readiness support if requested by subnational, national and regional
entities, for approval by the Board at its ninth meeting; these terms of reference will
launch the pilot phase; and
(b) Clarifies that the terms of reference will specify, inter alia:
(i)
The objective of the pilot phase;
(ii) The type of entities to be involved;
(iii) The specialized fiduciary standards required;
(iv) The type of activities to be undertaken;
(v)
The timeframe of the pilot phase; and
(vi) The financial volume of the pilot phase.
7 meeting of the Board
th
Agenda item 6: Guiding framework and procedures for accrediting national, regional
and international implementing entities and intermediaries, including the Fund’s
fiduciary principles and standards and environmental and social safeguards
DECISION B.07/02
The Board, having considered document GCF/B.07/02 Guiding Framework and Procedures
for Accrediting National, Regional and International Implementing Entities and
Intermediaries, Including the Fund’s Fiduciary Principles and Standards and
Environmental and Social Safeguards:
(a) Decides to adopt the initial guiding framework for the Fund’s accreditation process as
contained in Annex I to this document, recognizing that it also applies to private sector
entities;
(b) Also decides to adopt the initial fiduciary principles and standards contained in Annex
II to this document, and will conduct a review of these standards within three years;
(c) Further
decides to adopt, on an interim basis, the Performance Standards of the
International Finance Corporation (IFC), as contained in Annex III to this document,
noting that their use and implementation will be guided by the IFC Guidance Notes;
(d) Decides to aim to complete the process of developing the Fund’s own environmental
and social safeguards (ESS), which will build on evolving best practices, within a period of
three years after the Fund becomes operational, and with inclusive multi-stakeholder
participation;
(e) Establishes an Accreditation Committee comprised of four Board members or alternates
in accordance with the terms of reference contained in Annex IV ;
(f) Invites the Board members in the team established in decision B.05/08, paragraphs (d)
and (e), to serve as the Fund’s Accreditation Committee for its first term, with [Name of
Board member or alternate] as Chair and [Name of Board member or alternate] as ViceChair;
(g) Establishes the Fund’s Accreditation Panel as an independent technical panel to advise
the Board on matters related to the accreditation of implementing entities (IEs) and
intermediaries to the Fund. The Panel will be comprised of six expert members with
balanced representation between developing and developed countries and the
appropriate range of expertise, to be nominated by the Accreditation Committee for
endorsement by the Board soon thereafter. This Panel will be in charge of conducting the
accreditation process in accordance with its terms of reference;
(h) Adopts the terms of reference for the Fund’s Accreditation Committee and Accreditation
Panel contained in Annex IV and Annex V to this document, respectively;
(i) Requests the Secretariat to develop, in consultation with the Accreditation Committee
hereby established, a policy on accreditation fees that takes into account the financial
capacities of institutions;
(j) Agrees on a fit-for-purpose accreditation approach that matches the nature, scale and
risks of proposed activities to the application of the initial fiduciary standards and interim
ESS;
(k) Requests the Secretariat to elaborate, under the guidance of the Accreditation
Committee and Panel, the following elements for decision by the Board at its third
meeting in 2014:
(i)
Guidelines for the operationalization of the fit-for-purpose accreditation
approach referred to in paragraph (j) above; and
(ii) A work programme on complementarity and coherence with the accreditation
systems and processes of other relevant funds, as well as relevant private sector
associations, in consultation with the Private Sector Advisory Group (PSAG) and
relevant stakeholders;
(l) Requests the Accreditation Panel, with the support of the Secretariat, under the
guidance of the Accreditation Committee, to elaborate the following elements for decision
by the Board at its third meeting in 2014:
(i)
An assessment, including a gap analysis, of institutions accredited by other
relevant funds and in line with the Fund’s objectives against the interim ESS and
initial fiduciary standards with recommendations on their potential accreditation
or fast-tracking; and
(ii) The identification of potential relevant private sector international best practice
fiduciary principles or standards and ESS, and an assessment of gaps against the
Fund’s initial fiduciary standards and interim ESS, in collaboration with the PSAG
and in consultation with relevant stakeholders;
(n) Further requests the Secretariat, in consultation with the Accreditation Committee and
the Accreditation Panel as needed, to develop an environmental and social management
system for the Fund, based on the outline contained inAnnex VI, which will include
guidelines on the categorization of projects by IEs and intermediaries according to the
level of environmental and social risk and in accordance with the Fund’s interim ESS;
(o) Requests the Accreditation Panel, in collaboration with the Accreditation Committee
and the Secretariat, to report annually to the Board on the status of applications for
accreditation, identifying and analyzing barriers faced by applicants in meeting the
requirements;
(p) Recalling decision B.05/14, paragraph (b), on providing readiness and preparatory
support to enable IEs and intermediaries to meet the Fund’s fiduciary principles and
standards, and ESS, in order to directly access the Fund, requests the Secretariat to
consider the findings of the report referenced in paragraph (m) above in updating its
readiness support programme accordingly, and to prepare tools and guidance materials
to enable applicants to comply with the fit-for-purpose accreditation requirements and
process;
(q) Requests the Secretariat to develop, under the guidance of the Accreditation Panel,
additional specialized fiduciary standards that may be deemed necessary to effectively
accommodate all institutional capacities required in IEs and intermediaries in the initial
phase of operations of the Fund; and
(r) Decides to open a call for submissions of accreditation applications from IEs and
intermediaries after the Board’s third meeting of 2014, and requests the Secretariat to
prepare the relevant application documents for consideration by the Board at its third
meeting in 2014.