Agroforestry Plantations in the Country by Greenply

Audit Analysis

A VCS-registered agroforestry project in Gujarat and Nagaland with VVB-confirmed additionality, a 20% buffer pool, and no material findings, but undermined by a project-specific baseline, a thin 0% leakage justification, contradictory buffer-pool and leakage figures across documents, and a low-confidence data extraction that casts doubt on the reliability of the monitoring record. The project delivered roughly 57% of its pro-rata ex-ante expectation for the elapsed monitoring period, which is conservative but the repeated identical 'achieved' values across five years raise data-integrity questions.

Project Description

Red Flags

• ⚠The monitoring report lists an identical achieved-reductions figure of 46,267 tCO₂e for every year from 2019 through 2023, which is highly unusual for a growing plantation and may indicate a data-extraction error or a methodological shortcut.
• ⚠Buffer-pool percentage is stated as 20% in the monitoring report but 10% in the PDD (2022-07-19); the operative figure is unclear.
• ⚠Leakage is recorded as 'deemed negligible' in the monitoring report yet 'not addressed' in the issuance document, leaving the 0% deduction without a consistent, documented justification.
• ⚠Minimum extraction confidence is rated low, meaning at least one key document was poorly readable and the structured record may not faithfully reflect the source documents.

Credit Vintages

No issuances recorded on the registry.