Rio Roosevelt REDD+ Project

Audit Analysis

The Rio Roosevelt REDD+ project demonstrates solid structural safeguards including a VVB-verified combined additionality test, an 11.5% buffer pool, no reversal events, and documented FPIC and grievance mechanisms. However, five material contradictions across key fields (baseline method, ERR figures, ex-ante lifetime estimate) combined with low extraction confidence and missing FNRB/leakage-quantification data significantly undermine confidence in the reported figures. The project over-delivered relative to its pro-rata expectation, which is a positive signal, but the data reliability issues prevent a higher assessment.

Project Description

Red Flags

• ⚠Five contradictions across critical fields (baseline method, verified ERR, claimed ERR, ex-ante lifetime ERR, additionality test type) indicate inconsistent reporting between the PDD, monitoring report, validation report, and issuance documents
• ⚠Minimum extraction confidence rated 'low', meaning at least one key document was poorly readable, compounding the reliability concerns from the contradictions
• ⚠Leakage is described as 'quantified' in the justification but the actual deduction percentage is not stated in any available document
• ⚠FNRB value and method are entirely absent from the extracted record, leaving the forest net regeneration baseline unverified

Credit Vintages