While CGI has chosen not to disclose the name of the new GHG program at this time, we are pleased to confirm that the initial due diligence process for full onboarding has been successfully completed. With this approval in hand, CGI is now positioned to appoint the appropriate Validation and Verification Body (VVB). A formal announcement regarding the involved parties will be made once the registration is complete and desktop review processes are comfortably underway.
CGI remains committed to maintaining the highest standards of integrity and transparency. We will continue to provide Verra with all necessary information and ensure adherence to the standards set forth by the VCS and CCBA programs. The outcome of Verra’s review of the registry account, which will provide access to the information essential for the completion of our pending internal audits, which will in turn allow the project to continue to deliver the benefits to all stakeholders.
CGI has provided Verra with all requested technical documentation, courtesy of South Pole, as well as commercial documentation from CGI, alongside historical verification reports previously reviewed by Verra. This will confirm that all calculations have been correctly adhered to.
Upon lifting the suspension of the registry account, the pending Emission Reduction Purchase Agreement for the remaining issued credits will be utilized to support the continuation of the project as it under go’s validation and verification by the newly selected GHG program. It will ensure the project has delivered and will only deliver genuine Emission reductions of substance and the project continues to deliver the said benefits.
CGI wishes to state that views and opinions made in the Podcasts and magazine interviews, soon to be released into the public domain, do not reflect those of the company. All discussions and statements made are entirely the personal views and opinions of the individuals present in the discussions/ interviews.
About Carbon Green Investments (CGI)
Carbon Green Investments (CGI) is a leader in the development and management of environmental sustainability projects, with a strong focus on innovative ecological conservation solutions. Founded with a mission to combat environmental degradation, CGI specializes in sustainable initiatives that enhance global ecological integrity. Committed to transparency, accountability, and excellence, CGI collaborates with various stakeholders to ensure the success and credibility of its projects. Through strategic approaches and a dedicated team, CGI aims to create significant environmental impacts and deliver sustainable value to communities and ecosystems, ensuring a fair share across the landscape.