VVBs
Validation and Verification Bodies: eligibility, empanelment, how audits work and how VVB performance is reviewed.
Validation and Verification Bodies (VVBs) are the independent auditors of the programme. These articles cover empanelment and the rules VVBs follow under the Validation and Verification Standard.
A VVB is an independent, impartial auditor, accredited and empanelled with CR-I. It validates project designs, verifies results before MCUs are issued, and assesses new methodologies.
A VVB is eligible if it is a UNFCCC Designated Operational Entity, an active Verra VVB, or accredited to ISO 14065 or ISO 17029. Empanelment takes an application, a review, the annual fee and a signed agreement.
Validation and Verification Standard v1.1 lets qualified individual experts (IVVEs) validate and verify micro-scale projects, subject to training, conflict-of-interest rules and annual re-qualification.
VVBs must reach at least reasonable assurance. A discrepancy between the IPP’s and the VVB’s figures is material if it exceeds 5%, 3% or 1%, depending on the size of the project.
During validation and verification, VVBs raise Clarification Requests (CL), Corrective Action Requests (CAR) and Forward Action Requests (FAR), and report how each was closed.
The VVB that validated a project cannot carry out its first three verifications, and no VVB can verify more than three consecutive monitoring periods.
NCCF reviews every VVB through witness audits and report reviews, scores each completed activity out of 25, and publishes each VVB’s category on the Registry website.
