TDB Group is pleased to announce that it has obtained the Green Climate Fund (GCF) accreditation as an African regional direct access entity which will enable the Group to partner with the GCF in the implementation of climate action projects in all its Member States.
TDB Group was accredited in the large size category, which qualifies it to execute projects exceeding USD 250 million, as well as those valued below this amount. Likewise, the type of accreditation received will also enable the Bank to implement GCF-funded projects across all levels of Environmental & Social Safeguards (ESS), ranging from the lowest to the highest ESS risk categories.
The accreditation reflects the Bank’s track record and commitment to upholding rigorous and specialised fiduciary standards, environmental and social safeguards, and gender policy. Special attention was paid to TDB Group’s capabilities in project management, funding allocation mechanisms, award of grants, on-lending and the blending of various financial instruments such as loans and guarantees, among others.
TDB Group is a development finance institution; as such sustainability is at the core of all its operations. Supported by its ESG framework, the Group is firmly committed to the global development agenda as guided by the Sustainable Development Goals, the African Union’s Agenda 2063, and the Paris Agreement on Climate.
