B.19/10: Environmental and Social Management System: Environmental and Social Policy

The Board, having considered document GCF/B.19/06 titled “Environmental and social management system: environmental and social policy”:

1. Affirms that the GCF Environmental and Social Management System comprises the following elements:
   
   1. The Environmental and Social Policy referred to in paragraph (b) below;
   2. The GCF environmental and social safeguards standards, including the interim environmental and social safeguards standards adopted by the Board pursuant to decision B.07/02, paragraph (c);
   3. The Environmental and Social Management System manual containing the rules and procedures for the implementation of the Environmental and Social Management System referred to in paragraph (d) below;
   4. The guidance and tools, consisting of references and best practices, to guide the implementation of the Environmental and Social Management System referred to in paragraph (d) below;
   5. Stakeholder engagement consisting of GCF guidance and related policies promoting multi-stakeholder engagement referred to in paragraph (d) below; and
   6. Related GCF policies and practices relevant to, and complementing and supporting, the Environmental and Social Management System;
2. Adopts the GCF Environmental and Social Policy as presented in annex X to this document;
3. Requests the Secretariat, taking into account input from stakeholders, to present to the Board the proposed approach to developing the GCF environmental and social safeguards standards for its consideration at its twenty-first meeting; and
4. Also requests the Secretariat to develop and publish the Environmental and Social Management System manual and guidance, including guidance related to stakeholder engagement, no later than the twenty-second meeting of the Board.