Multi-Species Reforestation in Mato Grosso, Brazil

Audit Analysis

A long-running (21-year) multi-species reforestation project in Mato Grosso with VVB-verified additionality and a 12% buffer pool, but significant documentation quality issues (29 corrective actions, multiple calculation errors) and a notable gap in free, prior and informed consent. The project delivered only about 26% of its pro-rata ex-ante expectation, indicating a conservative (under-crediting) posture that reduces over-crediting risk but raises questions about baseline calibration.

Project Description

Red Flags

• ⚠FPIC was not conducted despite the project operating in Mato Grosso, Brazil, where indigenous and traditional land rights are a material concern
• ⚠29 corrective actions were identified across verification cycles, including sampling bias in plot selection, SOP inconsistencies, and multiple calculation formula errors
• ⚠Achieved emissions reductions were 50% lower than ex-ante estimations, suggesting the project-specific baseline was overly optimistic
• ⚠CORSIA eligibility and CCP status are not stated in any available document, leaving dual-channel risk unassessed

Credit Vintages