A Bearadise

Audit Analysis

The Afognak Forest Carbon Project (VCS-872) is a long-running forestry project (crediting period 2006–2035) with VVB-confirmed additionality and a 12% buffer pool, but it carries 19 material findings and 10 outstanding corrective actions, including missing FPIC, no grievance mechanism, and a significant unexplained shift in the leakage deduction from 20% to 0%. The project remains in 'verification approval requested' status, meaning credits have not yet been issued for the current period, and multiple contradictions between successive verification reports undermine confidence in the data trail.

Project Description

Red Flags

• ⚠Leakage deduction dropped from 20% (2019 VR) to 0% (2026 VR) while the justification label changed from 'deemed negligible' to 'quantified' — the quantified result of zero is not clearly supported in the extracted record
• ⚠FPIC is recorded as not conducted in the most recent verification report (2026-04-20), contradicting an earlier report (2026-03-29) that recorded it as conducted
• ⚠No grievance mechanism is in place per the latest verification report, and the VVB has not provided a conformance assessment for safeguard requirements (a)–(g)
• ⚠19 material findings and 10 corrective actions remain open, including failure to demonstrate contribution to at least three SDGs as required by VCS Standard v4.7
• ⚠Registry status is 'Verification approval requested' — the project has not yet received verification approval for the current monitoring period

Credit Vintages