Carbono Agroporvanda

Audit Analysis

The Agroporvanda Eucalyptus afforestation project in Colombia has a VVB-verified combined additionality test and a 15% buffer pool with no reported reversals, but is undermined by 20 material findings at validation (all subsequently corrected), significant ERR figure contradictions across documents, a project-specific baseline with no stated reassessment date, and an unquantified 0% leakage deduction. The low extraction confidence and missing FNRB/usage-rate data further limit confidence in the credit figures.

Project Description

Red Flags

• ⚠20 material findings at validation including 17.2% height-measurement errors, missing land tenure certificates, missing ICA registration records, and inconsistent Eucalyptus species identification between the PDD and Project Document
• ⚠ERR figures contradict across documents: the validation report (Dec 2018) lists 81,169 tCO₂e verified while the issuance (Apr 2023) records only 68,994; the PDD claims 62,740 while the validation report claims 81,169
• ⚠Leakage deduction of 0% justified only as 'deemed negligible' with no quantified analysis, despite the project type (Eucalyptus plantation) where displaced wood demand is a plausible leakage pathway
• ⚠Low extraction confidence across the document set, indicating at least one key document was poorly readable or incomplete

Credit Vintages