Manejo Sostenible de los Bosques Aplicado en el Oriente Antioqueño bajo el esquema BancO2®

Audit Analysis

A jurisdictional-baseline REDD+ project in Antioquia, Colombia with a 14% buffer pool and quantified leakage, but undermined by an extensive list of 18+ verification findings, a confirmed absence of FPIC, deforestation in participant plots, and multiple cross-document contradictions in key emission figures. The project delivered only ~67% of its pro-rata ex-ante expectation for the 2022–2023 period, which is conservative but raises questions about baseline calibration. Documentation quality is further weakened by three rounds of certifier findings and low extraction confidence.

Project Description

Red Flags

• ⚠FPIC was NOT conducted per the verification report (Nov 2024), despite 155 beneficiaries in a rural, poverty-affected community — a significant safeguard gap for a land-use project
• ⚠18+ material findings (SAC, SA, SAF) spanning property-area inconsistencies, socialization failures, legal documentation gaps, and deforestation in participant plots, all requiring corrective action
• ⚠Major contradictions in verified ERR figures: 80,512 tCO2e (issuance, 2024) vs 418,946 tCO2e (validation report, 2022) — a 5× discrepancy that undermines data reliability
• ⚠Deforestation of 29 ha detected in project area (26 ha non-fire, 3 ha fire), including one participant (552 ha predio) excluded for deforestation
• ⚠Three rounds of certifier findings and clarifications (document v5.0, 'tercera ronda') indicate persistent documentation and data-quality issues

Credit Vintages