In decision B.22/16, the Board decided to streamline the accreditation process in order to accelerate the review and consideration of entities applying for accreditation. In decision B.23/11, the Board agreed to the principle of the project-specific assessment approach, as contained in section VII in annex II to document GCF/B.23/05, that combines assessments undertaken during the existing accreditation and proposal approval processes in a fit-for-purpose manner. In line with these and related decisions, this document presents updates to the Accreditation Framework, including the implementation arrangements and budget for the project-specific assessment approach, for the Board’s consideration. The updates made incorporate Board decisions taken between B.23 and up to 28 February 2022 that affect the accreditation and the re-accreditation processes, feedback from and consultations with the Board, Accredited Entities and stakeholders, as well as information up to 28 February 2022.