REDD+ Project Magnolios de Yarumal

Audit Analysis

The Magnolios de Yarumal REDD+ project has a sound core design — VVB-verified combined additionality, a 22% buffer pool, and a quantified 15% leakage deduction — but is undermined by 15 material findings in the verification report, unresolved contradictions in the baseline method and total ERR figures, and several key parameters left unstated. The project over-delivered relative to its pro-rata expectation, which is positive for claim safety, yet the documentation gaps and data inconsistencies limit confidence in the overall record.

Project Description

Red Flags

• ⚠15 material findings in the verification report (2021), including missing leakage analysis in the PDD, missing carbon pools and GHG sources sections, incorrect risk ratings in the Non-Permanence Report, and missing grievance mechanism details
• ⚠Baseline method contradiction: the PDD (2021) describes a jurisdictional baseline while the validation report (2023) records a project-specific baseline
• ⚠Total ERR discrepancy: the PDD (2021) states 41,100 tCO₂e while the validation report (2023) states 19,786 tCO₂e — a factor-of-two gap with no documented reconciliation
• ⚠Multiple critical parameters not stated in any available document: FNRB method, usage rates, CORSIA eligibility, CCP status, and baseline reassessment date

Credit Vintages