SKCARBONO

Audit Analysis

SKCARBONO is a 20-year Pinus/Eucalyptus reforestation project in Colombia with FSC certification and a 15% buffer pool, but the verification report records 13 findings (7 significant adverse conditions) including overlaps with the Páramo del Duende buffer zone, Ley 2da high-conservation areas, and indigenous resguardos. The project delivered roughly 71% of its pro-rata ex-ante expectation for the elapsed monitoring period, which is conservative, yet the 0% leakage deduction for a timber-harvesting forestry project and multiple unresolved contradictions across documents undermine confidence in the credit's integrity.

Project Description

Red Flags

• ⚠13 verification findings (7 SAC, 5 SA, 1 SAF) including overlaps with the Páramo del Duende buffer zone, Ley 2da Zone A, and three indigenous resguardos (Bajo Cáceres, La Paila-Naya, Poblazón)
• ⚠Leakage deduction of 0% justified as 'deemed negligible' for a Pinus/Eucalyptus plantation project that will be commercially harvested, while the PDD originally described leakage as 'quantified'
• ⚠Reversal events are marked as 'not addressed' in the verification report but 'none reported' in the monitoring report — an unresolved contradiction on a key permanence indicator
• ⚠FPIC status and grievance mechanism are not stated in any available document despite documented overlaps with indigenous territories
• ⚠Seven contradictions across the document set (ERR figures, leakage basis, safeguards, reversal events, additionality test type, crediting period) reduce data reliability

Credit Vintages