The rapid transformation of the world through urbanization has been a defining feature of the last century. This shift has elevated cities into economic powerhouses that foster innovation, economic development, and social interactions. However, this has come at a cost: often prioritizing immediate economic gains, the fast and unplanned expansion of cities around the world has created a variety of challenges that have a negative impact on both people and the environment, significantly contributing to the intensification of the global climate and biodiversity crises.

The Corporate Scorecard is a comprehensive report on the performance of the Global Environment Facility during the eighth replenishment (GEF-8) period. In particular, the Scorecard reports on the progress made towards the achievement of the GEF-8 targets. It also looks at how the GEF is utilizing resources available for its eighth replenishment cycle and making progress in the implementation of key policies. The Scorecard is published twice a year; this issue includes all projects approved from July 2022 to date, including the February 2024 work program.