In decision B.17/11, the Board adopted the first set of components of the risk management framework (“RMF”) and requested the Secretariat to continue with the development of the RMF and its remaining components in consultation with the Risk Management Committee and to present these for consideration of the Board at its eighteenth meeting.

Through the same decision at its seventeenth meeting, the Board also requested the Secretariat to further develop the risk dashboard and the underlying methodologies for consideration by the Board at its eighteenth meeting and to publish the risk dashboard every quarter thereafter.

At its eighteenth meeting, the Board took note of document GCF/B.18/05 titled “GCF risk management framework: Proposal by the Risk Management Committee”. However, no decision was taken under this item.

This document presents the Risk Management Committee proposal on the second set of components of the risk management framework and the update to the risk dashboard.