Mixed afforestation with native and non-native species in Argentina-I

Audit Analysis

This young afforestation project in Argentina (90.75 ha, planted 2022–2023) has a VVB-confirmed investment additionality test and a 25% buffer pool, but is undermined by seven material findings—including use of the wrong tool version for baseline and additionality, data discrepancies in tree density and buffer allocation, and a 0% leakage deduction with inconsistent justification across documents. Ten contradictions across the document set, a low extraction confidence rating, and the absence of key MRV parameters (FNRB, usage monitoring, CORSIA status) limit confidence in the project's data integrity.

Project Description

Red Flags

• ⚠Verification report lists seven material findings, including use of the wrong tool version (AR-TOOL02) for baseline and additionality sections, and discrepancies in HCV area, tree density, and buffer pool allocation
• ⚠Buffer pool percentage is 25% in the monitoring report but 12% in the PDD, with the verification report flagging this as a data discrepancy requiring correction
• ⚠Leakage deduction is 0% with justification described as 'not addressed' in the verification report but 'deemed negligible' in the validation report—no consistent, documented rationale
• ⚠Ten contradictions across documents span critical parameters including additionality test type, safeguards, FPIC, grievance mechanism, and ERR figures
• ⚠Minimum extraction confidence is rated low, indicating at least one key document was poorly readable

Credit Vintages