B.40/17: Risk appetite statement

The Board, having considered document GCF/B.40/09 titled “Risk appetite statement”:

1. Adopts the risk appetite statement, as contained in annex IX;
2. Agrees that the risk appetite statement referred to in paragraph (a) above replaces the risk appetite statement adopted through decision B.17/11, effective on the date of this decision; and
3. Requests, notwithstanding decision B.24/04, paragraph (h), the Secretariat, in consultation with the Risk Management Committee, to review the other components of the risk management framework, ensuring alignment with the risk appetite statement referred to in paragraph (a).