This report identifies to what extent the GCF already finances measures to avert, minimise and address L&D, and how the fund could continue to do so, in the context of the guidance given by the COP. In the context of the five ‘strategic workstreams’ of the work plan of the UNFCCC’s Executive Committee of the WIM (ExCom), this report analyses both the current institutional set-up and the current project portfolio of the GCF (including projects approved at the 27th Board meeting (B.27)) to determine to what extent the GCF may play a role in financing L&D measures in the coming years.