Afforestation in Eucalyptus and Acacia plantations for Burapha Agroforestry Co., Ltd.
#26of 261 in Soil carbon#3of 10 in Lao#296of 1339 in Verra (VCS)#10of 97 in AR-ACM0003
Audit Analysis
A small (21 ha) Eucalyptus afforestation project in Laos under VCS methodology AR-ACM0003 v2.0, with VVB-confirmed additionality, FPIC, and a 10% buffer pool. The project over-delivered relative to its pro-rata expectation (163%), but seven inter-document contradictions, a project-specific baseline, a 0% leakage deduction, and a 20% non-permanence risk that exceeds the buffer pool introduce moderate uncertainty.
Red Flags
- Non-permanence risk rated at 20% (2025 appendix) exceeds the 10% buffer pool, leaving a 10-percentage-point gap in reversal protection
- Seven contradictions across documents, including a buffer pool reduction from 20% to 10% between the 2023 and 2025 verification reports, and a discrepancy in verified ERR between the monitoring report (146,768) and the verification report (163,075) on the same date
- Leakage deduction of 0% is justified as 'quantified' in the 2025 verification report, yet no quantified leakage figure is provided in the extracted record
- CORSIA eligibility and CCP status are not stated in any available document, leaving dual-channel risk unassessed
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2017 | 14,001 | 7,000 | 7,001 | |
| 2018 | 33,421 | 16,711 | 16,710 | |
| 2019 | 41,025 | 20,513 | 20,512 | |
| 2020 | 75,721 | 60,988 | 14,733 | |
| 2021 | 58,520 | 30,960 | 27,560 | |
| 2022 | 58,520 | 27,260 | 31,260 | |
| Total | 281,208 | 163,432 | 117,776 |
Risk Indicators
VVB-confirmed barrier test
20% risk exceeds 10% buffer
0% deduction, quantified but no figure shown
Project-specific, reassessment not yet due
FPIC, grievance mechanism, safeguards documented
CORSIA and CCP status not stated
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