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VCS avoidance Cambodia Vintage 2017, 2021 Registry: Registered Documentazione completa General Methodology v2.0

Reduced Emissions from Deforestation and Degradation in Keo Seima Wildlife Sanctuary

VCS-1650 ↗

6.5 / 10
Integrity
6.2
Transparency
6.6
Claim Safety
6.8
Documentation
6.4

Score Breakdown

Integrity

verified The validation/verification record indicates additionality was confirmed by the VVB using an investment test.

missing Baseline is project-specific and the timing of baseline reassessment is not stated in the extracted record; reversal treatment is also inconsistent across documents.

Transparency

verified Both claimed and verified ERs are available (4,523,996 claimed vs 4,071,597 verified) for the 2020–2021 monitoring period.

missing Multiple cross-document contradictions (safeguards/FPIC/grievance/benefit-sharing and leakage justification) reduce MRV and disclosure confidence.

Claim Safety

verified The project is explicitly not CORSIA-eligible, reducing certain downstream double-claiming/eligibility risks.

missing Over-crediting risk signals remain due to project-specific baselines and inconsistent leakage/reversal narrative across documents.

Documentation

verified A relatively large document set was used (37 documents including PDD, monitoring report, validation report, and issuance records).

missing Minimum extraction confidence is only medium and several key topics conflict between documents, indicating record quality issues.

Detailed Analysis

Integrity

The monitoring/verification record indicates additionality was confirmed by the VVB using an investment test (validation/verification documentation referenced in the extracted record). The project applies VM0015 with a project-specific baseline approach, and the extracted record does not state when the baseline was last reassessed, which weakens baseline robustness over a long crediting period (2010–2069). A 10% buffer contribution is stated, but reversal events are inconsistently treated across documents, reducing confidence in permanence risk management.

Transparency

The monitoring report dated 2023-04-21 provides a clear monitoring period (2020-01-01 to 2021-12-31) and shows a meaningful gap between claimed and verified ERs (4,523,996 vs 4,071,597), which is a positive transparency signal because verification appears to have adjusted claims. However, the extracted record contains multiple contradictions between the validation report and monitoring report(s) on safeguards-related disclosures and on whether leakage justification was addressed, which undermines transparency and consistency of public reporting.

Claim Safety

The project is explicitly not CORSIA-eligible (registry/extracted eligibility field), which lowers the risk of certain high-profile aviation-related claims. CCP status is not stated in the extracted record, leaving uncertainty for high-integrity labeling. Claim safety is moderated by the combination of a project-specific baseline, a leakage deduction of 0% despite leakage being described as quantified, and inconsistent treatment of reversal/leakage topics across documents, all of which can elevate perceived over-crediting/greenwashing risk.

Documentation

The extracted record indicates a substantial evidence base (37 documents) including a PDD, monitoring report, validation report, and issuance information. Minimum extraction confidence is medium, implying at least some limitations in readability/structure that can affect data reliability. The presence of repeated contradictions on core safeguards and risk-management topics suggests documentation is not fully coherent across the project’s document set, lowering the documentation score despite the volume of sources.

Overall

Overall scoring is pulled down mainly by cross-document inconsistencies. For reversals, the monitoring report entry indicating reversals were not addressed (monitoring report dated 2020-02-05) conflicts with the validation report stating none were reported (2023-05-03); for conservatism, the analysis privileges the 'not addressed' characterization because it signals a documentation/control gap rather than a confirmed absence of reversals. For leakage justification, the later monitoring report (2023-04-21) stating leakage was quantified is privileged over the earlier monitoring report (2020-09-25) saying it was not addressed, but the contradiction still reduces confidence and the 0% deduction remains a concern. For safeguards/FPIC/grievance/benefit-sharing, the later monitoring report (2023-04-21) is privileged over the earlier validation report (2020-11-16) because it is more recent and operational, yet the contradiction itself indicates reliability issues and is reflected in lower transparency/documentation scores.

Audit Analysis

This is a VCS REDD+ avoidance project using VM0015 with additionality confirmed by the VVB and a stated buffer contribution of 10%. However, several internal inconsistencies across documents (especially on safeguards, FPIC, grievance mechanisms, and reversal treatment) reduce confidence in the reliability and completeness of the record.

Project Description

The Keo Seima Wildlife Sanctuary REDD+ Project is located in the Keo Seima Wildlife Sanctuary in eastern Cambodia, covering 166,983 hectares of forest within the sanctuary's core protection area. The project aims to reduce emissions from deforestation and forest degradation (REDD+) by protecting the forest from threats such as agricultural expansion and illegal logging. The project area is of significant global importance for biodiversity, hosting 84 globally threatened species, including 13 critically endangered and 26 endangered species. It is home to the world's largest known populations of the black-shanked douc and the southern yellow-cheeked crested gibbon, as well as Asian elephants and other rare wildlife. The project provides substantial social and community benefits. It supports the livelihoods of over 20,000 people, including a large number of the indigenous Bunong people, for whom the forest is a vital source of income and central to their culture and spiritual beliefs. Project activities include securing land tenure for indigenous communities, promoting sustainable agriculture through programs like IBIS Rice, and creating alternative income sources through ecotourism and the development of non-timber forest product enterprises. Revenue from carbon credit sales is shared with participating communities, funding community-selected development projects such as clean water systems, school materials, and healthcare services.

Red Flags

  • Reversal risk treatment is inconsistent: one document indicates reversals were not addressed while another states none were reported.
  • Safeguards, FPIC, grievance mechanism, and benefit-sharing are contradicted between the validation report and a later monitoring report, raising social-risk and documentation reliability concerns.
  • Leakage is described as quantified but the leakage deduction is 0%, and earlier monitoring documentation reportedly did not address leakage justification.

Credit Vintages

Issued Retired Available
2013
3,854,572 3,853,272 1,300
2014
3,079,496 3,079,495 1
2015
2,168,043 2,010,573 157,470
2016
2,267,566 553,092 1,714,474
2017
1,804,031 1,628,887 175,144
2018
439,129 425,504 13,625
2019
955,477 942,229 13,248
2020
1,868,973 1,841,576 27,397
2021
2,437,137 890,930 1,546,207
Total 18,874,424 15,225,558 3,648,866

Cosa migliorerebbe questo punteggio

  • Provide a clear, consistent permanence/reversal risk section across validation and monitoring documents, including whether any reversals occurred and how they are detected and accounted for.
  • Publish a reconciled safeguards package (FPIC evidence, grievance mechanism procedures, and benefit-sharing terms) with consistent statements across validation and monitoring reports, and clarify leakage quantification and why the deduction is 0%.

Questi suggerimenti indicano quali prove pubbliche aggiuntive potrebbero migliorare il livello di confidenza di questa valutazione. Non garantiscono un punteggio futuro più alto.

Risk Indicators

Additionality

VVB-confirmed investment test

Permanence

Buffer stated, but reversal treatment inconsistent

Leakage

Quantified narrative but 0% deduction and inconsistent disclosure

Baseline

Project-specific baseline; reassessment timing not stated

Safeguards

Safeguards/FPIC/grievance reported but contradicted across documents

Double-claim

Not CORSIA-eligible; CCP status not stated

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Analysis Provenance Scored 2026-04-02 General Methodology v2.0 Documentazione completa

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