Agrocortex REDD Project
Score Breakdown
Integrity
verified Additionality was confirmed by the VVB, and the issuance report cites a barrier test under VM0015.
missing The VVB required ERR calculation spreadsheets for review, and the record shows contradictions on the additionality test type and buffer pool percentage.
Transparency
verified The monitoring period is clearly stated for 2020-01-01 to 2021-12-31, and the VVB is identified as Earthood Services Private Limited.
missing Total ERR claimed and verified are not stated, usage monitoring is not described, and the extraction confidence is only medium.
Claim Safety
verified Leakage was quantified with a 5% deduction, which is better than an unaddressed leakage assumption.
missing The baseline is project-specific rather than jurisdictional, and CORSIA eligibility is not stated, leaving residual over-crediting and double-claim uncertainty.
Documentation
verified The record includes a substantial set of extracted documents and a named VVB, with safeguards such as FPIC, grievance mechanism, and benefit sharing described.
missing One or more key documents were not fully readable, and the VVB noted missing ERR calculation spreadsheets, reducing documentation completeness.
Detailed Analysis
Integrity
The project shows moderate integrity because additionality was verified by Earthood Services Private Limited and the issuance report uses a barrier test under VM0015. Leakage is not ignored: the record states a quantified leakage deduction of 5%, and no reversal events are reported. However, the VVB still required the ERR calculation spreadsheets, which suggests unresolved review gaps, and the contradiction log shows disagreement over the additionality test type and buffer pool percentage.
Transparency
Transparency is limited by missing core quantitative fields: total ERR claimed and verified are not stated, and the usage monitoring method is not found in the extracted record. The monitoring period is clear, and the VVB is named, but the extraction confidence is only medium, so some source material was not fully legible. That weakens confidence in the completeness of the public record.
Claim Safety
Claim safety is mixed. A quantified 5% leakage deduction and a buffer pool provide some protection, but the baseline is project-specific rather than a more standardized or jurisdictional approach, which increases over-crediting risk. CORSIA eligibility is not stated, and the contradictions around buffer pool size and additionality test type reduce reliability of the claim.
Documentation
Documentation is only fair because the record includes many extracted documents and identifies the VVB, but key supporting materials were missing or not fully usable. The VVB explicitly requested ERR calculation spreadsheets, and the extraction confidence is medium rather than high. On the positive side, FPIC, grievance mechanism, and benefit sharing are described, which improves completeness on safeguards.
Overall
Overall, this is a mid-quality REDD issuance record with some solid project-level controls but meaningful evidence gaps. I privileged the 2022 issuance report for the buffer pool and additionality test because it is the most recent document, but I discounted confidence because earlier documents conflict on both points. I also treated the reversal record cautiously: the latest document says no reversals were reported, while an earlier document did not address reversals, so the newer statement is more specific but still not fully corroborated.
Audit Analysis
The project has some positive integrity signals, including VVB-confirmed additionality, a quantified leakage deduction, and a buffer pool, but the evidence base is incomplete and contains contradictions. Documentation quality is weakened by missing ERR spreadsheets and several key fields not being stated, which limits confidence in the issuance claim.
Project Description
The Agrocortex REDD Project aims to prevent the unplanned deforestation of 186,369.66 ha of Amazon rainforest in the South-western region of Brazil. The project also establishes a barrier against deforestation and contributes to the conservation of the region's biodiversity and climate regulation. Public comments were open from 12 May - 11 June 2017, with no comments received.
Red Flags
- The VVB required the project proponent to provide ERR calculation spreadsheets, indicating incomplete review support.
- There are contradictions across documents on the buffer pool size, additionality test type, and whether reversal risk was addressed.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2014 | 75,523 | 74,518 | 1,005 | |
| 2015 | 259,940 | 259,760 | 180 | |
| 2016 | 282,490 | 282,490 | 0 | |
| 2017 | 296,775 | 180,198 | 116,577 | |
| 2018 | 436,595 | 420,394 | 16,201 | |
| 2019 | 445,946 | 359,618 | 86,328 | |
| 2020 | 397,013 | 138,956 | 258,057 | |
| 2021 | 497,962 | 0 | 497,962 | |
| Total | 2,692,244 | 1,715,934 | 976,310 |
Cosa migliorerebbe questo punteggio
- Provide the ERR calculation spreadsheets and a complete reconciliation of claimed versus verified issuance.
- Publish a clear baseline reassessment history and resolve the contradictions on buffer pool size and additionality test type.
Questi suggerimenti indicano quali prove pubbliche aggiuntive potrebbero migliorare il livello di confidenza di questa valutazione. Non garantiscono un punteggio futuro più alto.
Risk Indicators
VVB-confirmed but conflicting test history
Buffer pool present, no reversals reported
Leakage quantified at 5%
Project baseline, reassessment timing not stated
FPIC and grievance mechanism documented
CORSIA/CCP status not stated
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Registry Documents
issuance
monitoring
- T&C_Agrocortex_2nd MR.pdf
- VCS-Non-Permanence-Risk-Report-Agrocortex REDD Project-MR 2-v03.pdf
- VCS MR Agrocortex_period_01_01 07 2014_31 12 2016_v03.pdf
- VCS MR Agrocortex_period_03_01_01_2020_31 12 2021_v05_.pdf
- VCS-Non-Permanence-Risk-Report-Agrocortex REDD Project-MR 3-v02.pdf
- VCS MR Agrocortex_period_02_01 01 2017_31 12 2019_v03.pdf
Other
validation
- VCS-Verification-Representation-v4.1_Agrocortex.pdf
- FINAL REPORT_VCSSocialCarbon-Verification-Report-Template-v4.0-1_Agrocortex.pdf
- VCS SocialCarbon-Verification-Report_Agrocortex.pdf
- VCS Verification Representation, v3.2_2017BQMD21.pdf
- VCS-Verification-Representation-Agrocortex.pdf
- FVR 2017BQ21MD_ version 3Aa 20180511.pdf
- +1 more
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