Forteko afforestation on degraded grasslands under extensive grazing
#117of 261 in Soil carbon#10of 15 in Uruguay#843of 1339 in Verra (VCS)#4of 8 in AR-ACM0001
Audit Analysis
The Forteko afforestation project in Uruguay has a verified additionality test and a 10% buffer pool with no reversal events, but is undermined by a project-specific baseline, a 0% leakage deduction whose justification is contradicted by the VVB's own material findings, and a heavy load of 28 verification findings (18 non-conformities). The project delivered only about 10% of its pro-rata ex-ante expectation for the elapsed monitoring period, and the low extraction confidence across 19 documents limits assurance in the underlying data.
Red Flags
- Leakage deduction of 0% justified as 'deemed negligible' while the VVB's own material findings flag 'Missing information on assessing leakage due to activity displacement' — a direct contradiction that undermines the 0% claim
- 28 verification findings including 18 non-conformities (NCRs) covering calculation errors, missing equations, area corrections (16,928 ha → 16,553.31 ha), and template non-conformances, all resolved but indicating systemic data-quality weaknesses
- Ex-ante lifetime estimate contradicts between documents by a factor of 100 (453,491,421 in the verification report vs 4,534,914 in the monitoring report), creating uncertainty about the true baseline projection
- FPIC status is contradictory: the 2024 verification report confirms FPIC was conducted, but the 2013 validation report records it as not conducted, and a material finding notes 'Unclear validation of FPIC requirements'
- Baseline reassessment timing is not stated in any available document; the project started in July 2007, making the first 10-year reassessment due by July 2017, yet no evidence of completion is found in the extracted record
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2007 | 289,186 | 281,874 | 7,312 | |
| 2013 | 10,000 | 0 | 10,000 | |
| 2014 | 5,000 | 0 | 5,000 | |
| 2015 | 5,000 | 0 | 5,000 | |
| 2016 | 5,000 | 0 | 5,000 | |
| 2017 | 5,000 | 0 | 5,000 | |
| 2018 | 5,000 | 0 | 5,000 | |
| 2019 | 5,000 | 0 | 5,000 | |
| 2020 | 5,000 | 0 | 5,000 | |
| 2021 | 9,493 | 0 | 9,493 | |
| Total | 343,679 | 281,874 | 61,805 |
Risk Indicators
VVB-confirmed combined test
10% buffer, no reversals
0% deduction, justification contradicted by VVB findings
Project-specific, reassessment not documented
FPIC confirmed but contradicted; grievance mechanism present
CORSIA and CCP status not stated
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