Pedeguita y Mancilla REDD+

Audit Analysis

The Pedeguita y Mancilla REDD+ project has a VVB-verified additionality test, a jurisdictional baseline, and a 10.7% combined buffer pool, but is undermined by 17 verification findings (including a double-counting concern), multiple contradictions between documents on baseline method, leakage, and buffer percentage, and a low extraction confidence rating. Pro-rata delivery is adequate (~103% of expectation), but the shift from a 10% leakage deduction at validation to 0% at verification, combined with unresolved community-participation and sampling-bias issues, creates meaningful over-crediting risk.

Project Description

Red Flags

• ⚠SAC 02 identifies potential double counting with the Jiguamiandó project; the PDD was updated to remove the Jiguamiandó reference, but the underlying boundary overlap risk warrants ongoing monitoring.
• ⚠Leakage deduction dropped from 10% (validation report, Dec 2022) to 0% (verification report, Nov 2024) with only a 'quantified' justification; the monitoring report separately characterises leakage as 'deemed negligible', creating an inconsistency in how leakage is treated.
• ⚠Baseline method is stated as 'jurisdictional' in the 25 Nov 2024 verification report but as 'project' in the 19 Nov 2024 verification report — a fundamental methodological discrepancy that affects the validity of the baseline.
• ⚠17 verification findings (10 SAC, 5 SA, 2 SAF) remain on record, including sampling bias (plots not randomly distributed), community members lacking awareness of project documents, and missing legal certificates for three associations.
• ⚠Minimum extraction confidence is rated 'low', indicating at least one key document was poorly readable, reducing reliability of the extracted data.

Credit Vintages