Factor selected as an accredited observer of the Green Climate Fund (GCF)
21 June 2018 | Adaptation
This week the list of organizations selected to be accredited observers by the Green Climate Fund (GCF) was published and Factor has been selected to be part of this group, making it the only Spanish organization within it.
Founded in 2010 by the United Nations Framework Convention on Climate Change (UNFCCC), the GCF is a global fund created to support the efforts of developing countries to respond to the challenges of climate change by helping them to limit or reduce their greenhouse gas (GHG) emissions and to adapt to climate change.
Its main objective is to catalyze a flow of climate finance to invest in a low-emission and climate-resilient development, driving a paradigm shift in the global response to climate change.
The GCF, based in Songdo, Republic of Korea, is governed by a 24-member Board, composed of an equal number of developed and developing countries, representing the United Nations Regional Groups.
The GCF seeks the active engagement of the various stakeholders and is mandated by the GCF Council to grant a group of accredited observers access to its meetings. There are currently 79 organizations from the private sector registered as observers in the GCF.
In 2018, following a significant selection process, Factor was appointed as an accredited observer, enabling it to participate in the Fund's annual meetings. This accreditation will be valid for two years and may be renewed at the end of this period.
Factor is a group specialized in providing ideas and services in the face of climate change since 2004, through an extensive international network of offices and collaborators.
Its main value is its people. Its working method is based on offering specialized knowledge, with a deep customer vision and a global approach.