Foundation 1
#8of 44 in Biochar#5of 12 in Cambodia#16of 109 in Puro.earth (PUR)
Audit Analysis
Foundation 1 is a Puro.earth biochar project in Cambodia with a VVB-confirmed investment additionality test, a 10% buffer pool, and documented safeguards including FPIC and a grievance mechanism. However, leakage treatment is entirely absent from the available record, the baseline is project-specific with no reassessment date, and the verified ERR for a ~2.5-month monitoring period (340.76 tCO₂e) is roughly 25× the pro-rata share of the 5-year ex-ante estimate (338.49 tCO₂e), raising questions about the robustness of the original quantification.
Red Flags
- Verified ERR of 340.76 tCO₂e for a ~72-day monitoring period is approximately 25× the pro-rata expectation (~13.4 tCO₂e) derived from the 5-year ex-ante estimate of 338.49 tCO₂e, suggesting either a highly front-loaded production profile or a potential error in one of the figures.
- No leakage deduction or justification is stated in any available document, despite biochar projects carrying inherent displacement and substitution leakage risk.
- Two contradictions between the PDD and the verification report (additionality test type and FPIC status) indicate inconsistent project documentation.
Credit Vintages Exhausted
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2026 | 340 | 340 | 0 | |
| Total | 340 | 340 | 0 |
Risk Indicators
VVB-confirmed investment test
10% buffer pool; reversal events not stated
No deduction or justification in record
Project-specific; no reassessment date
FPIC confirmed; grievance mechanism present
CORSIA and CCP status not stated
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