San Jacinto Tizate geothermal project
Score Breakdown
Integrity
verified Additionality is supported by an investment test and confirmed by the VVB (TÜV SÜD) in the verification/assurance record.
missing Leakage is not robustly evidenced (no stated deduction and later monitoring states leakage was not addressed), and a corrective action notes non-implementation versus the registered PDD.
Transparency
verified Key MRV elements are present (named VVB, stated monitoring period, methodology ACM0002, and a stated grid emission factor).
missing Internal inconsistencies across documents (including ERR figures and safeguards statements) reduce transparency and auditability.
Claim Safety
verified The project is explicitly not CORSIA-eligible, reducing some double-claiming/dual-eligibility risk.
missing Baseline is project-specific with no reassessment date found, and contradictions plus missing leakage quantification elevate over-crediting/greenwashing risk.
Documentation
verified A relatively complete document set is referenced (PDD, validation, monitoring, issuance) with high extraction confidence and many documents used.
missing Contradictions between core documents (PDD/validation vs monitoring) on safeguards and stakeholder processes indicate documentation reliability issues.
Detailed Analysis
Integrity
Additionality appears reasonably supported because the extracted record indicates an investment test and that additionality was confirmed by TÜV SÜD. However, integrity is weakened by the monitoring report (2021) listing a corrective action that the project was not implemented in accordance with the registered PDD, which can undermine baseline and monitoring assumptions. Leakage is also weakly treated: the monitoring report (2021) says leakage was not addressed and no leakage deduction is stated in the extracted record.
Transparency
The extracted record provides several core MRV fields (TÜV SÜD as VVB, monitoring period 2011-01-01 to 2012-05-31, ACM0002 v4.0, and a grid emission factor of 0.754). Transparency is reduced by inconsistencies across documents, including conflicting claimed ERR values across monitoring reports and a mismatch where verified ERR (76,651) exceeds claimed ERR (44,468), which complicates traceability of what was actually asserted versus verified.
Claim Safety
Claim safety benefits from the project being explicitly not CORSIA-eligible, lowering the risk of certain aviation-related claims. Over-crediting risk remains material because the baseline is project-specific and no baseline reassessment date is found in the extracted record, while leakage is inconsistently handled (negligible in an earlier monitoring report versus not addressed in a later one). The corrective action about non-implementation versus the registered PDD further increases the risk that public claims could overstate performance or compliance.
Documentation
Documentation coverage is relatively strong: the evidence list includes the PDD, validation report, monitoring report, and issuance, with 20 documents used and high extraction confidence. Nonetheless, reliability is weakened by repeated contradictions between the PDD/validation and the monitoring report on FPIC, safeguards, grievance mechanism, and benefit sharing, suggesting either changes over time not clearly documented or inconsistent reporting.
Overall
I privileged the more recent monitoring report (2021-04-18) over older PDD/validation statements for operational realities, which leads to a more conservative view on safeguards (FPIC, grievance mechanism, benefit sharing) and leakage treatment. Specifically: FPIC, grievance mechanism, and benefit sharing are treated as not evidenced in practice because the monitoring report contradicts the PDD; safeguards are treated as not clearly demonstrated because the monitoring report contradicts the validation report; and leakage is treated as inadequately addressed because the later monitoring report says it was not addressed despite an earlier monitoring report deeming it negligible. ERR contradictions across monitoring reports and the claimed-versus-verified mismatch reduce confidence and pull down integrity, transparency, and claim safety scores.
Audit Analysis
The project has a credible additionality basis (investment test confirmed by TÜV SÜD) and uses a recognized grid-connected renewable methodology, but key integrity elements are weakened by missing/unclear leakage treatment and a serious implementation non-conformance noted in monitoring. Multiple cross-document contradictions on safeguards and stakeholder processes reduce confidence and increase greenwashing/over-crediting risk.
Project Description
Polaris Renewable Energy Inc. ("Polaris") is dedicated to the acquisition, development, and operation of renewable energy projects in Latin America. As a high-performing and financially sound company, we are a key contributor to the energy transition. Our commitment to sustainability is deeply embedded in our business stra…
Red Flags
- Monitoring report requires corrective action stating the project was not implemented in accordance with the registered PDD.
- Verified emission reductions exceed claimed emission reductions (76,651 verified vs 44,468 claimed), indicating data consistency/traceability issues in the extracted record.
- Leakage is inconsistently treated across monitoring reports (one says negligible; a later one says not addressed) and no leakage deduction is stated.
- Safeguards, FPIC, grievance mechanism, and benefit sharing are contradictory between the PDD/validation and the monitoring report.
Credit Vintages
Nessuna emissione registrata sul registro.
Il marketplace dichiara i vintage: 2008, 2012, 2013 (non verificato).
Cosa migliorerebbe questo punteggio
- Provide a clear, reconciled ERR table (claimed vs verified) for the monitoring period with references to the exact monitoring and verification sections, and explain why verified exceeds claimed in the extracted record.
- Document and publish consistent evidence of stakeholder engagement (FPIC where applicable), a functioning grievance mechanism, and benefit-sharing arrangements, with dates and outcomes aligned across PDD, validation, and monitoring.
- Add an explicit leakage assessment consistent with ACM0002 requirements, including justification and any quantified deduction (even if 0%) in the monitoring/verification documentation.
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
Investment test confirmed by VVB
Avoidance project; no reversals evidenced
Leakage not consistently addressed; no deduction stated
Project-specific baseline; reassessment timing not evidenced
Safeguards/FPIC/grievance inconsistent across documents
Not CORSIA-eligible; CCP status not stated
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