Improved Cooking Stoves in Bangladesh – CPA No.12 “SZ Consultancy Services Ltd.”
GS-2933 ↗ · current registry ID: GS10974
#635of 1329 in Industrial#80of 121 in Bangladesh#964of 1801 in Gold Standard (GS)#104of 189 in AMS-II.G
Audit Analysis
This Gold Standard improved cooking stove project in Bangladesh shows a reasonable operational track record with no reversal events and a quantified 5% leakage deduction, but is undermined by a critical contradiction in additionality verification status between the 2022 and 2024 verification reports, an extensive list of material findings and corrective actions, and a project-specific baseline. The CORSIA eligibility flag combined with unknown CCP status introduces dual-channel risk, and the overall documentation quality is weakened by numerous data gaps and formatting inconsistencies across monitoring and verification documents.
Red Flags
- Additionality verification status contradicts between the 2022 verification report (confirmed) and the 2024 verification report (not confirmed by VVB), raising serious questions about whether additionality was properly re-verified in the current crediting period.
- FPIC status is contradictory: the PDD (2022) states FPIC was conducted, while the 2024 verification report records it as not conducted, leaving the current free, prior, and informed consent status unresolved.
- Extensive material findings include missing documentary evidence (sales receipts, training certificates, operation manuals), blank respondent phone numbers in all survey forms, and inconsistencies between the ER worksheet, monitoring report, and submitted documents regarding host country name and coordinates.
- CORSIA eligibility is flagged as true in the 2024 verification report, yet a material finding states 'Issued GSVERs will not be marked CORSIA eligible until further notice,' creating ambiguity about the actual eligibility status and dual-channel risk.
- Multiple corrective actions remain open, including WBT calculator data mismatches, SDG 8 actual values exceeding ex-ante estimates without justification, and a discrepancy in total monitoring survey forms reported versus submitted.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2018 | 23,208 | 0 | 23,208 | |
| 2019 | 44,874 | 44,422 | 452 | |
| 2020 | 43,518 | 869 | 42,649 | |
| 2021 | 55,884 | 0 | 55,884 | |
| 2022 | 54,042 | 0 | 54,042 | |
| 2023 | 1,775 | 0 | 1,775 | |
| Total | 223,301 | 45,291 | 178,010 |
Risk Indicators
VVB verification status contradictory (2022 confirmed, 2024 not confirmed)
energy-efficiency project with moderate reversal risk
5% quantified deduction applied per 2024 verification report
Project-specific baseline (AMS-II.G.), reassessed 2023; not jurisdictional
Grievance mechanism and benefit sharing documented in 2024, but FPIC status contradictory
CORSIA-eligible per 2024 VV; CCP status not stated in available documents
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