BaumInvest Mixed Reforestation in Costa Rica

Audit Analysis

The BaumInvest reforestation project in Costa Rica has a verified combined additionality test and a 20% buffer pool, but is undermined by a 0% leakage deduction with no substantive justification, a project-specific baseline, a 2023 bark-beetle reversal event, and extensive documentation gaps flagged across 20+ material findings. The low extraction confidence and multiple cross-document contradictions (crediting period, buffer pool, reversal events) reduce confidence in the overall data reliability.

Project Description

Red Flags

• ⚠Leakage deduction of 0% with justification recorded as 'not addressed' in the 2021 verification report, contradicting the 2026 monitoring report's 'deemed negligible' claim — no quantified leakage analysis found in either document
• ⚠2023 monitoring report records a reversal event (bark beetle infestation at El Ceibo farm leading to harvest of all Botarrama trees), while the 2026 verification report states 'none reported' — the contradiction is unresolved in the extracted record
• ⚠Crediting period discrepancy: the 2026 verification report states 2021–2025 (~4.3 years) while the 2026 monitoring report states 2007–2037 (~30 years), creating fundamental uncertainty in the pro-rata ERR expectation
• ⚠Buffer pool reduced from 30% (2013 validation report) to 20% (2026 verification report) without a documented justification for the reduction
• ⚠Min extraction confidence is low, indicating at least one key document was poorly readable, reducing reliability of all extracted figures
• ⚠Leakage not addressed in project documentation

Credit Vintages