Carvida
#7of 80 in ARR (afforestation)#29of 124 in Colombia#27of 99 in CerCarbono (CC)
Audit Analysis
Carvida is a large-scale (5,538 ha) Pinus/Eucalyptus plantation project in Colombia verified under the CerCarbono standard by Icontec. The project has a 15% buffer pool and VVB-confirmed additionality, but suffers from a project-specific baseline, contradictory leakage and reversal-event reporting between the monitoring and verification reports, a 15% discrepancy between claimed and verified ERR figures, and absent FPIC/grievance documentation. Fourteen findings (ten corrective actions) were raised in the third verification, with one land-restitution item still open.
Red Flags
- ERR discrepancy of ~15% between the monitoring report (222,486 tCO2e) and the verification/issuance documents (189,114 tCO2e) indicates a material gap between project-side claims and VVB-verified figures
- Leakage justification is contradictory: the verification report states 'quantified' while the monitoring report states 'deemed negligible', yet the deduction is 0% in both cases
- No Free, Prior and Informed Consent (FPIC) or grievance mechanism is documented despite the project operating on 5,538 ha across four departments with community-adjacent land
- One Safeguard Action (SAF 02) remains open regarding a land-restitution case for the La Samaria parcel, raising tenure-security risk
- Additionality test type is not specified in any available document, limiting the ability to assess the robustness of the additionality claim
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2017 | 0 | 0 | 0 | |
| 2018 | 4 | 0 | 4 | |
| 2019 | 4 | 0 | 4 | |
| 2020 | 1,216 | 0 | 1,216 | |
| 2021 | 10,157 | 0 | 10,157 | |
| 2022 | 10,157 | 0 | 10,157 | |
| 2023 | 10,222 | 0 | 10,222 | |
| 2024 | 1,612 | 0 | 1,612 | |
| Total | 33,372 | 0 | 33,372 |
Risk Indicators
VVB-confirmed but test type unspecified
15% buffer present; reversal documentation inconsistent
0% deduction; justification contradictory across documents
Project-specific; reassessment date not documented
Mentioned and benefit-sharing described; no FPIC or grievance mechanism
CORSIA and CCP status not stated in available documents
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