Aprosacao Reforestation Project: community reforestation and agroforestry with small-scale cocoa farmers in Honduras.

Audit Analysis

The Aprosacao Reforestation Project in Honduras is a community-based agroforestry initiative with verified additionality, a 20% buffer pool, and quantified leakage, but it is undermined by a project-specific baseline, 14 corrective action requests at verification, and a severe discrepancy between the ex-ante ERR estimate and the verified monitoring figure (roughly 8× the pro-rata expectation). CORSIA eligibility without a stated CCP status adds dual-channel risk, and the overall evidence base, while broad (26 documents), carries medium extraction confidence.

Project Description

Red Flags

• ⚠Verified ERR of ~94,953 tCO₂e for the 2018–2023 monitoring period is approximately 8.3× the pro-rata expectation derived from the PDD lifetime estimate of 118,691 tCO₂e over 50 years, raising serious over-crediting concerns.
• ⚠The PDD (June 2019) states a lifetime ERR of 118,691 tCO₂e while a September 2019 appendix states only 18,655 tCO₂e — a 6.4× discrepancy between two documents from the same verification cycle.
• ⚠14 corrective action requests (CARs), 2 critical-level findings, and 3 further-action requests were raised by ECOCERT during verification, indicating substantial design or MRV deficiencies at the time of certification.
• ⚠Reversal risk was marked as 'not addressed' in the 2019 verification report; the 2024 monitoring report later states no reversal events, but the initial gap is a documentation weakness.
• ⚠CORSIA eligibility is confirmed while CCP status is not stated in any available document, leaving the dual-channel allocation question unresolved.

Credit Vintages