Lanao del Sur Bamboo Reforestation Project

Audit Analysis

The Lanao del Sur Bamboo Reforestation Project is a VCS ALM project at the validation stage with a confirmed combined additionality test by TÜV NORD CERT, a 10% buffer pool, and no reported reversal events. However, the project relies on a project-specific baseline, applies a 0% leakage deduction justified only as 'deemed negligible' without quantification, and no monitoring reports are yet available to assess delivery. Three contradictions between the PDD and validation report (FPIC, reversal events, leakage) were resolved in favour of the validation report as the higher-priority document.

Project Description

Red Flags

• ⚠Leakage deduction of 0% with justification limited to 'deemed negligible' — no quantified analysis of displaced logging or land-use change in the surrounding area
• ⚠Project-specific baseline (not jurisdictional) with no documented reassessment date; first reassessment not yet due under VCS 10-year rule but baseline robustness is inherently weaker
• ⚠No monitoring reports available; all ERR figures (6,301,343) are ex-ante validation estimates with no verified delivery data
• ⚠Three contradictions between PDD and validation report on FPIC, reversal events, and leakage treatment indicate internal documentation inconsistencies

Credit Vintages

No issuances recorded on the registry.