Reforestación Comercial en Meta
#32of 80 in ARR (afforestation)#84of 124 in Colombia#62of 99 in CerCarbono (CC)#53of 97 in AR-ACM0003
Audit Analysis
A 20-year commercial reforestation project in Meta, Colombia, with VVB-confirmed additionality and a 15% buffer pool, but significant gaps in safeguards (no FPIC, no grievance mechanism), an unjustified 0% leakage deduction, and 13 material findings in the verification report. The project delivered approximately 91% of its pro-rata ex-ante expectation for the monitoring period, indicating reasonable but not exceptional performance.
Red Flags
- No Free, Prior and Informed Consent (FPIC) conducted despite project location in Meta department (Mapiripán, Puerto Gaitán, Puerto López) where indigenous and peasant communities are present
- 0% leakage deduction with no substantive justification in the verification report; the monitoring report's 'deemed negligible' claim was not confirmed by the VVB
- 13 material findings including errors in carbon content per hectare, biomass estimation formula, and BCEFi parameters, all requiring corrective action
- San Gabriel farm is in an active land restitution process (started April 2018), creating tenure uncertainty for a portion of the project area
- No grievance mechanism and no benefit-sharing arrangement documented in the final verification report
- Leakage not addressed in project documentation
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2009 | 694 | 694 | 0 | |
| 2010 | 60,256 | 0 | 60,256 | |
| 2018 | 1,478 | 0 | 1,478 | |
| 2019 | 5,084 | 0 | 5,084 | |
| 2020 | 5,098 | 0 | 5,098 | |
| 2021 | 420 | 0 | 420 | |
| Total | 73,030 | 694 | 72,336 |
Risk Indicators
VVB-confirmed barrier test
15% buffer present; reversals not explicitly confirmed by VVB
0% deduction; justification not confirmed by VVB
Project-specific baseline; no reassessment date stated
No FPIC, no grievance mechanism, no safeguards documented
CORSIA and CCP status not stated in available documents
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