CARBONO OXIGENO PARA TODOS

Audit Analysis

A Colombian forestation/reforestation project (2009–2028) verified by ICONTEC with a 15% buffer pool and no reported reversals, but undermined by a 0% leakage deduction with no justification, absence of FPIC, and 16 material findings spanning missing safeguards sections, un-updated ex-ante quantification, and unverifiable technical parameters. The verified ERR (34,261 t) is conservative relative to the claimed figure (40,307 t), yet the project delivered roughly 2.9× the pro-rata expectation for the elapsed monitoring period, a pattern consistent with accelerating forest growth but one that warrants scrutiny given the un-updated ex-ante baseline.

Project Description

Red Flags

• ⚠Leakage deduction of 0% with justification recorded as 'not addressed' in the verification report, despite the project involving active plantation management with harvests and thinning
• ⚠FPIC explicitly not conducted (false) for a project operating on multiple parcels in Normandía, La Cascada, Escandinavia, Lepanto, and Patagonia, with no grievance mechanism documented
• ⚠16 material findings in the verification report, including missing safeguards and stakeholder-consultation sections in the monitoring report, ICA registration gaps, area discrepancies between inventory and cartography, and ex-ante quantification not updated to reflect second/third rotation harvests
• ⚠Contradiction in verified ERR between two issuance documents (34,261 t on 2026-01-27 vs 40,307 t on 2026-01-19), creating ambiguity about the actual credit quantity issued
• ⚠Crediting period start date differs between the verification report (2009-01-06) and the validation report (2009-06-01), a 5-month discrepancy that affects pro-rata calculations

Credit Vintages