TCL Aobo (Tianjin) E-waste recycling and comprehensive utilization project(Phase II)

Audit Analysis

A VCS-registered e-waste recycling project in China with a VVB-confirmed investment additionality test and low permanence risk, but undermined by 16 material findings, 13 corrective actions, a project-specific baseline, a 0% leakage deduction with a thin 'deemed negligible' justification, and a confirmed absence of FPIC. The first monitoring period delivered roughly 87% of the pro-rata expectation, which is within a reasonable band but leaves modest over-crediting headroom unaddressed.

Project Description

Red Flags

• ⚠16 material findings and 13 corrective actions were raised during validation, including double-counting concerns on upstream/downstream processors, unclear hazardous-waste handling, and a missing demonstration of compliance with VCS Standard 4.7 requirement 2.1.3 (Excluded Project Activities).
• ⚠FPIC was not conducted according to the VVB's validation report, despite the PDD claiming otherwise; local informal waste collectors and recyclers were initially excluded from the local stakeholder consultation.
• ⚠Leakage deduction is 0% with a 'deemed negligible' justification in the validation report, which is a weak basis for an e-waste project operating in a market with active informal recycling channels.
• ⚠The quantity of metal and plastic recycled (Qi,y) was found to be inconsistent between the ER calculation spreadsheet and the Joint PD&MR, raising data-integrity concerns in the credit calculation.

Credit Vintages

No issuances recorded on the registry.