GEF Corporate Scorecard

About the GEF-7 Scorecard

 

The GEF-7 Corporate Scorecard is a comprehensive report on the performance of the Global Environment Facility during the GEF-7 period. In particular, the Scorecard reports on the progress made towards the achievement of the GEF-7 targets. It also looks at how the GEF is utilizing resources made available for its seventh replenishment cycle and making progress in the implementation of key policies. The Scorecard is published twice a year and this issue includes all projects approved from June 2018 up to and including the December 2021 work program.

 

 

Highlights

 

Half a year away from the end of the GEF-7 cycle, programming has reached 87 percent of the available resources, up from 81 percent in the previous GEF work program. It now features a program to address agricultural chemicals management and removal. The December 2021 work program will benefit 43 countries, including by contributing to a blue and green recovery through delivering nature-based solutions that enhance resilience in communities hard hit by the pandemic.

 

This work program also includes a Non-Grant Instrument project and brings the NGI programming up to 96 percent of GEF-7 resources. This high level of programming highlights a continuous demand for blended finance.

 

The Corporate Scorecard shows the cumulative expected results of projects and programs approved in GEF-7. It highlights that programming has delivered above 88 percent of the Core Indicator targets for seven indicators. Programming already surpassed five of the targets, with the important target on GHG emission reduction very close to reaching its objective.

 

In a year when climate finance sits at the top of the agenda, the GEF continues to do its part to mobilize financing from all sources to meet project and program objectives. With this work program, the GEF-7 co-financing target of mobilizing seven dollars for every “GEF dollar” spent has been surpassed, reaching a ratio of 7.9:1. The investment mobilized ratio has also increased, now standing at 6.4 dollars for every GEF dollar invested, above the 5:1 targeted ratio.

 

At this advanced GEF-7 stage, it is noteworthy that Least Developed Countries register the highest STAR utilization rate across all country groups and regions, standing at 94 percent. Small Island and Developing States made the most progress in 2021 reaching a utilization rate of 89 percent, up from 65 percent a year ago. Many countries have already exhausted their STAR resources. Four out of five countries made use of the flexibility provided in the use of their STAR resources. Resource utilization of the International Waters and Chemicals & Waste focal areas is reaching 90 percent.

 

The Country Support Program strengthened its virtual outreach. It held a total of 27 replenishment-related meetings that captured constituency feedback and fed into the latest proposed programming and policy directions for GEF-8. These events, along with additional country engagement, contribute to build capacity, strengthen ownership and advance South-South cooperation across the partnership. They also confirm the importance of maintaining virtual engagements in combination with in-person events as soon as feasible.

 

Upstream country consultations also took place to increase country capacity and understanding in strategic programming of GEF-7 resources. A number of these occurred at the margin of recent convention meetings.

 

As project preparation teams continue to adapt their engagement with project stakeholders in the context of ongoing social distancing measures and travel restrictions, it is important to note continuous progress in implementing both the stakeholder engagement and gender policies. They show that projects incorporate a gender-responsive approach at design stage and engage and work with stakeholders to better reflect on local priorities.

 

The GEF continues to grow its digital media presence, unveiling a new website at a time when many activities take place online. It features more stories prepared with Agencies and other relevant content also shared in social media channels to build awareness and support action on the global environment. The release of Good Practice Briefs supports this endeavor by promoting tested solutions to reach results.

 

Contents

 

  1. Contribution to the Generation of Global Environmental Benefits

 

  1. Impact Programs

 

  1. Other Programmatic Approaches

 

  1. Programming by Focal Area

 

  1. Programming by GEF Agency

 

  1. System for Transparent Allocation of Resources

 

  1. Co-Financing

 

  1. Climate-Related Finance

 

  1. Climate Change Adaptation

 

  1. Gender Equality

 

  1. Stakeholder Engagement

 

  1. Communications

 

  1. Country Support Program

 

  1. Upstream Country Consultations

 

  1. Knowledge and Learning

 

  1. Contribution to the Generation of Global Environmental Benefits

 

Projects and programs continue to deliver expected results for GEF-7 against the Core Indicator targets. GEF programming is making progress in delivering on the targets three years and a half into the GEF-7 replenishment cycle.

 

Read more…

 

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