Nature Climate Standard
MethodologiesModulesGovernance
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English
  • Nature Climate Standard
    • Preamble
    • 1. Introduction
      • 1.1 Scope
      • 1.2 Versioning
    • 2. Methodology Requirements
      • 2.1 Methodology Certification Process
      • 2.2 Consultation Requirements
      • 2.3 Modular Framework
      • 2.4 Updates to Methodologies
      • 2.5 Methodology Contents
      • 2.6 Grandfathering of Existing Projects
    • 3. Project Requirements
      • 3.1 Ownership
      • 3.2 Documentation
      • 3.3 Eligibility
      • 3.4 Project Crediting
      • 3.5 Stakeholder Input Process
      • 3.6 Regulatory Compliance
      • 3.7 Environmental and Social Impacts
      • 3.8 Transparency
      • 3.9 Early Termination by the Project Proponent
    • 4. Validation and Verification Requirements
      • 4.1 Validation and Verification Body Requirements
      • 4.2 Validation and Verification Process
      • 4.3 Materiality Threshold
      • 4.4 Conflicts of interest
      • 4.5 Rotation of Validation and Verification Bodies
      • 4.6 Validation and Verification Body Oversight
    • 5. Crediting
      • 5.1 Credit Attributes
      • 5.2 Issuance Process
      • 5.3 Transfer and Delivery Rules and Ownership History
      • 5.4 Retirement Rules
      • 5.5 Retirement Certificates
      • 5.6 Reversals and Buffer Pools
      • 5.7 No Double Counting
    • 6. Glossary
  • Feedback on the Standard
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  1. Nature Climate Standard
  2. 4. Validation and Verification Requirements

4.4 Conflicts of interest

VVBs are required to be free from any conflicts of interest with the project and project proponent who they are contracted to audit. To mitigate potential conflicts of interest between the project proponent and the VVB, NCS will take responsibility for selecting and engaging VVBs for project validation and verification. Additionally, all VVBs are required to submit a conflict of interest disclosure prior to engagement.

VVBs are beholden to the NCS conflicts of interest policy, where they fall into the category of contractors to NCS.

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