GS1005 Qori Q'oncha - Improved cookstoves diffusion programme in Peru – VPA4

Audit Analysis

The Qori Q'oncha cookstove project in Peru has VVB-confirmed additionality and a recently reassessed project-specific baseline, but is burdened by an unusually high volume of material findings (40+) and corrective actions (24+), a significant FNRB discrepancy between documents (73.75 vs 0.8726), and an unresolved contradiction on whether reversal events were reported. The project's core design is sound, but the accumulation of compliance gaps and data inconsistencies materially weakens confidence in the integrity and safety of the claimed credits.

Project Description

Red Flags

• ⚠FNRB value discrepancy of 73.75 (verification report, 2023) vs 0.8726 (monitoring report, 2024) — a ~13.5 percentage-point gap that directly affects ER calculations and cannot be reconciled from available documents
• ⚠Reversal events contradiction: the 2022 verification report reports reversal events while the 2023 verification report states they were not addressed, and no buffer pool percentage is stated in any document
• ⚠24+ corrective actions and 40+ material findings across verification and validation reports, including unsubmitted annual reports requiring a deviation request, incomplete PoA-DD/VPA-DD templates, and multiple leakage sources (repairs, LPG, secondary stoves) not initially accounted for
• ⚠13.28% of LPP WVP beneficiaries were cooking on a non-traditional stove in the baseline, requiring separate monitoring or exclusion from ER calculations

Credit Vintages