CARBONO SANTA INES

Audit Analysis

Carbon Santa Ines is a Colombian afforestation project (AR-ACM0003 v2.0) verified by ICONTEC with a 15% buffer pool, but it carries significant documentation concerns including over 20 material findings (all resolved), contradictory leakage justifications, and a project-specific baseline with no recorded reassessment date. The absence of a lifetime ex-ante estimate prevents a meaningful pro-rata delivery check, and key parameters such as the additionality test type, FNRB value, and safeguards documentation remain unresolved in the extracted record.

Project Description

Red Flags

• ⚠Over 20 material findings in the verification report, including sampling error exceeding the 10% threshold, property-name mismatches against legal certificates, calculation spreadsheet errors, and eligibility analysis including stands without inventory data — all resolved but indicating weak initial documentation quality
• ⚠Leakage justification is contradictory: the 2022-12-04 verification report states 'quantified' while the 2022-05-09 report states 'deemed negligible', yet the deduction is 0% in both cases
• ⚠Reversal events are listed as 'not addressed' in the most recent verification report (2022-05-09), despite a 15% buffer pool being in place
• ⚠No lifetime ex-ante ERR estimate is available in the extracted record, making it impossible to verify whether the 59,872 tCO2e verified over ~3.4 years is consistent with the project's original projections
• ⚠Safeguards documentation is contradictory: one verification report (2022-03-29) confirms safeguards are mentioned, while a later one (2022-05-09) states they are not; FPIC and grievance mechanism are not stated in the extracted record

Credit Vintages