How a project is certified against the Standards
Certification confirms that a project meets the Finance for Peace Standards. The project owner and a peace expert apply the Standards and submit an application, the Standards Committee decides, and an independent verifier checks every year that the Peace Plan is being delivered.
Six steps to certification
Who does what
The project owner
Responsible for the project and for raising funds. Before issuance, appoints the peace expert and the independent verifier, and analyses conflict risks and designs the peace measures and indicators with the peace expert. Submits the application to the Standards Committee. After issuance, implements and funds the peace measures, monitors them, and publishes the Annual Peace Impact Report. Co-signs the application and each annual report.
The peace expert
Leads the context analysis and stakeholder engagement, designs the peace measures and indicators, and supports implementation. Must have relevant field experience in conflict-affected contexts, conflict-analysis experience and a track record of inclusive community engagement, and be independent of the project owner. Co-signs the application and each annual report.
The independent verifier
Operationally and financially independent of the project owner and peace expert. Receives and reviews monitoring information regarding implementation and indicator data each year, consults communities separately from the peace expert, checks the complaints mechanism, and verifies the annual Peace Impact Report.
The Standards Committee
Reviews each application against the Standards, decides on certification and publishes a summary of each certified application. Renews, sets remediation for, or withdraws certification each year. Finance for Peace approves peace experts, and does not advise on, structure or place transactions.
Considering certification for a transaction?
Tell us about the project and we will explain what the Standards would ask of it, and what the route to certification involves.