Validation, Verification and Certification Process
Validation, Verification and Certification Process
The overall certification process is composed of the following steps:
Step 1 - Eligibility evaluation
- The Project Application (PA) form is filled by the project developer to assess eligibility.
- A presentation meeting takes place between the project developer and Riverse. The PA is updated by the project developer if needed.
- The PA is either validated or declined, with explanations sent to the developer.
Step 2 - Pre-certification
- The project developer is given access to the Riverse certification platform.
- The Detailed Project Description (DPD) is completed on Riverse’s platform.
- The DPD is reviewed by Riverse’s climate team, who may ask additional questions or request additional data.
- If necessary, the DPD is sent to an expert for proofreading and review.
- The DPD is validated and the project is pre-certified.
Step 3 - Third-party validation and certification
- Contractual commitment is established between the third-party validation and verification body (VVB) and the project developer for the validation audit.
- The DPD is made accessible to the VVB on Riverse’s platform.
- The VVB’s questions concerning the DPD are answered by the project developer.
- The DPD is validated by the third party.
- A summary of the audit’s exchanges is attached to the project’s certification report.
- The project is certified.
- Pre-credits are issued for pre-purchase agreements.
Step 4 - Monitoring & verification
- On a quarterly or bi-annual basis, Key Impact Indicators (KII) are measured by the project developer and uploaded to the platform.
- KIIs and their measurement sources are verified.
- Pre-credits turn into credits, and are issued according to the actual project outcomes.
- Credits are on the registry and can be sold.
Step 5 - Credits claims
- All transactions (sales, transfers, claims) are tracked on the platform.
- As a project developer, you recieve directly the request from buyers.
