This document presents the draft Indigenous Peoples Policy for consideration by the Board in accordance with decision B.15/01, paragraph (a). This draft policy is proposed to assist GCF in incorporating considerations related to indigenous peoples into its decision-making while working towards the goals of climate change mitigation and adaptation. The draft policy allows GCF to examine, control, eliminate and reduce the adverse impacts of its activities on indigenous peoples in a consistent way and to improve outcomes over time. The draft policy also allows GCF to promote indigenous peoples’ access to the benefits of GCF activities. These elements of the draft policy will be integrated with other policies and frameworks of GCF, particularly the environmental and social management system, and will be utilized across GCF.