CARBONO RINCCO

Audit Analysis

CARBONO RINCCO is a long-running Colombian AFOLU project (since 2008) with VVB-confirmed additionality and a 15% buffer pool, but it is undermined by a 0% leakage deduction paired with an inconsistent 'quantified' justification, the absence of FPIC, seven material findings (including land-title and cartography gaps), and multiple cross-document contradictions in ERR figures and the crediting period. The project is functional but carries moderate data-reliability and safeguards risks.

Project Description

Red Flags

• ⚠Leakage deduction is 0% yet the justification is labelled 'quantified' in the May 2025 verification report while an earlier March 2025 verification report called it 'deemed negligible' — the two characterisations are mutually inconsistent and a truly quantified leakage figure should yield a non-zero deduction.
• ⚠Free, Prior and Informed Consent (FPIC) was not conducted, a significant safeguard gap for a land-use project in Colombia involving community land.
• ⚠Seven material findings were raised in the 2025 verification, including a Corrective Action Request for missing historical cartography and unresolved land-title issues on parcel 014-13629, indicating ongoing data-quality and legal-tenure concerns.
• ⚠The crediting period differs between the PDD (2008-01-01 to 2035-12-31, 28 years) and the verification report (2008-05-01 to 2028-05-01, 20 years), creating ambiguity about the project's actual duration and the denominator for any pro-rata credit calculation.

Credit Vintages