Process Update

From 5 December 2024 Gold Standard is introducing an updated assurance process. To find out more information please visit the announcement page.

The Fundamentals

Project Planning

Project planning is a key stage of any climate and development initiative. Before embarking on the Gold Standard certification process project developers are encouraged to review the relevant methodologies, standard documentation and terms of use to check that the project meets the Gold Standard for the Global Goals principles and requirements and could be eligible for Gold Standard certification.

Before the project starts, Project Developers should:

1.     Identify if there is an applicable methodology for the proposed project.

• View the mitigation and removals options for a high-level overview of feasible scopes (both current and upcoming) under Gold Standard for the Global Goals.
• For a more detailed review the methodology tool can be used to find eligible and available methodologies for Gold Standard for the Global Goals
• For new technologies, measures and/or interventions, where a methodology is not yet available, there is a methodology approval procedure. Initial ideas, both for brand new methodologies or methodology revisions, can be submitted to check eligibility using the concept note template.  Submissions should be emailed to [email protected].

2.    Once you have found your methodology, the next step is to check project eligibility within the Principles & Requirements and the relevant Project Activity Requirements.

3.     For projects that plan to issue Gold Standard carbon credits, additional requirements are located in the GHG emission reductions and sequestration product requirements. 

Note

projects need to apply the latest version of the methodology and any applicable tools at the time of first submission (preliminary review). For transition projects please refer to Annex B of the product requirements for more information.

4.     Confirm the basic project design and assess against Gold Standard safeguarding principles.

Start to prepare a document that summarizes the key project information, including initial estimates for the climate and sustainable development impacts.

STEP 1 - Stakeholder Consultation & Safeguards

Once project planning has been completed and a summary of the key project information is developed. Projects can start the stakeholder consultation process.

Stakeholder consultations and meaningful engagement with those who may be affected by a project is an essential element for ensuring the success and sustainability of a project. As part of the Gold Standard certification process projects must hold a Stakeholder Consultation Meeting following these requirements. Additional guidelines have been developed to provide  support and practical examples to project developers when applying the requirements.

STEP 2 - Preliminary Review

Once the stakeholder consultation process has been completed a project will have all the necessary documentation to move onto a Preliminary Review.

The Preliminary Review considers whether a project has the potential to conform to the Gold Standard Requirements and may therefore progress to listed status. To reach this decision a review of the draft documentation submitted will be completed by the certification body. The reviewer may request clarifications if/where required.

Projects must:

• Submit the Preliminary Review Request Form
• Submit a completed Stakeholder Consultation Report
• Submit signed GS4GG Cover Letter
• Submit signed Gold Standard Terms & Conditions
• Pay the fee for the Preliminary Review

TOP TIPS

• Make sure you’ve opened a Registry Account in plenty of time to avoid any delays in scheduling a review and submitting your documentation
• Ensure all documents are fully completed and submitted in time to pass the ‘completeness check’ to avoid any unnecessary delays.

Fees: View the relevant on the Gold Standard Fee Schedule.  

Timeline

Review dates are to be scheduled with the certification body. As an approximate guideline a simple ‘Completeness Check Review’ can take as little as 14 days from submission of documents and payment of the fee. The timeline is 4 weeks for a more extensive review, (i.e., for new project types, methodologies, or products, or for projects applying the land use and forestry Activity Requirements). View the Principles and Requirements Section 5 for more detailed information on the Preliminary Review and its timelines.

PRELIMINARY DESIGN APPROVAL

Approval of the Preliminary Review by the certification body results in “GOLD STANDARD PROJECT LISTED” status - making the project publicly visible in the Impact Registry, enabling promotion of the project as per the claims guidelines and giving the project the green light to proceed to validation.

STEP 3 - Validation by an Independent Third-Party

To apply for Gold Standard certification, projects need to demonstrate compliance with Gold Standard for the Global Goals principles and requirements.

Validation that a project meets these principles and requirements is done through an independent assessment conducted by an approved validation and verification body (VVB), appointed by the project developer. This step consists of a field visit and/or a desk-based review and provides impartial confirmation that the project's design and monitoring system is in line with the GS4GG Requirements and that the project can indeed achieve the expected impact. Validation must be successfully completed within two years of the date of ‘listing’ the project. 

To undertake a third-party validation, projects must:

• Have “Gold Standard Project Listed” status
• Identify, contract and pay an eligible VVB to carry out validation - Find an approved VVB
• Submit to the VVB fully completed estimates of the climate and sustainable development impacts for at least 3 SDGs, including SDG13 Climate, via the digital SDG Impact Tool
• Provide the VVB with a fully completed Project Design Document (PDD) or the relevant POA and/or VPA design document if you are doing a Programme of Activities and all relevant supporting documentation for VVB validation, including:

- A Safeguarding Principles Assessment to demonstrate that the project does no harm - submitted as part of the digital SDG Impact Tool.

- Monitoring Plan, to show how the project's impact can be credibly and conservatively monitored, reported on, and verified throughout the project's lifetime. Exports from the digital SDG Impact Tool can be used, where relevant, to complete the information in the monitoring plan.

Timeline

Validation timelines are to be scheduled with the contracted VVB directly.

STEP 4 - Design Certification Review

The Design Review is a final check of the documentation after a positive validation is given by the Gold Standard approved VVB. On approval, the project will appear as ‘Design Certified’ in the Gold Standard Impact Registry.

Once the third-party validation has been completed, the documents are submitted to the certification body for design review.
Clarifications and resolutions of corrective actions may be requested as/where required.

To initiate the design review, projects must:

• Have a positive validation opinion from an approved VVB
• Ensure VVB submits the VVB-approved Project Design Document (PDD), SDG Impact Tool, and all relevant supporting documentation
• Ensure VVB submits the Final Validation Report
• Pay the fee for Design Review. View the Gold Standard Fee Schedule for an overview of the fees.
  
  

TOP TIP

Ensure all documents are fully completed and submitted in time to pass the ‘completeness check’ to avoid any unnecessary delays.

Timeline

• Project design reviews are managed and scheduled by the certification body. They last for a minimum of 4 weeks from the date of the booked review on condition that all documents are submitted, and the payment of the fee is received. They are concluded when all Corrective Action requests (CARs)/Clarification Requests (CLs) are successfully closed.
• The date of ‘Design Certification’ is the last day of the 4-week Design Review period, even if the design review is concluded after this.
• The validation and design review checks that:
• Safeguards are covered by the project design
• Stakeholder inclusive design
• Robust monitoring plan
• Credible baseline and additionality
• Credible estimation of climate and sustainable development impacts

DESIGN CERTIFICATION

Approval results in “GOLD STANDARD DESIGN CERTIFIED” status.

This means that documentation, including the PDD, Monitoring + Reporting Plan and final Validation Report are made public. The project can be promoted according to the claims guidelines and project becomes eligible to move forward to Performance Certification.

PROJECT MONITORING AND REPORTING

The Project Developer implements the project and its monitoring system according to the certified project design.

Projects must

• Monitor the project's safeguards and impacts according to the certified monitoring plan
• Continuously engage with stakeholders
• Submit Annual Reports in years when verification does not occur
• Prepare a Monitoring Report for verification to request issuance of impact statements and/or products

STEP 5 - Verification by an Independent Third-Party

Verification of the project activity involves an independent assessment conducted by an accredited validation and verification body (VVB), appointed by the project developer. This consists of a site visit and/or desk-based review and provides independent confirmation that the project and its impacts are in line with the Gold Standard Requirements and relevant methodology(ies).

To initiate the verification, projects must

• Have “Gold Standard Design Certified” status
• Identify, contract, and pay an eligible VVB to carry out verification.
• Provide a fully completed Monitoring Report (MR) and all relevant supporting documentation for VVB verification

Timeline

• Verification timelines are to be scheduled with the contracted VVB directly. Verification ends when the VVB submits a positive verification report
• Verification must occur at least once during the five-year certification cycle with the first verification completed within two years of the project implementation date or design certification date, whichever is later.

STEP 6 - Performance Review

Once the third-party verification is completed, the documents are submitted to the certification body for design review. Clarifications and resolutions of corrective actions maybe requested as/where required.

To initiate the performance review, projects must

• Have a positive verification opinion from a VVB
• Ensure VVB submits the VVB approved Monitoring Report and all relevant supporting documentation
• Ensure VVB submits the VVB Final Verification Report
• Pay the fee for performance review. See full Gold Standard fee schedule for more details.

TOP TIP

Ensure all documents are fully completed and submitted in time to pass the ‘completeness check’ to avoid any unnecessary delays.

Timeline

-       Project performance reviews are managed and scheduled by the certification body. They last for a minimum of 3 weeks from date of review, unless otherwise stated in the methodology or Activity Requirements, and are concluded when all Corrective Action requests (CARs)/Clarification Requests (CLs) are successfully closed.

The verification and performance review checks:

• Adherence to safeguards
• Adherence to stakeholder inclusivity
• Climate and sustainable development impact achieved

PERFORMANCE CERTIFICATION

Approval results in “CERTIFIED GOLD STANDARD PROJECT” status.

Once a project has received ‘Certified Project Status’ it can choose to issue Gold Standard certified products (including carbon credits) and/or impact statements.

FEES

View the Gold Standard Fee schedule for information on issuance fees for first year of issuance and subsequent years by fee model (i.e., CASH or Share of proceeds).

CLAIMS

Claims guidelines assist project developers, fund managers, partners, supporters, purchasers and claimants of certificates/credits and investors in communicating accurately and appropriately about the certification status of projects and funds as well as climate and development impacts derived from Gold Standard-certified projects, programmes and funds.

STEP 7 - Design Certification Renewal (Validation)

To maintain Gold Standard Certified Project status beyond five years, a project must undergo Design Certification Renewal. To renew a project’s certified design, it needs to apply the newest versions of the methodologies, tools and standard documents, demonstrate ongoing finance need, redefine the baseline scenario, and update its monitoring system accordingly. These updates are then validated by a third-party approved Validation and Verification Body.

Projects must

• Have “Gold Standard Design Certified” status
• Update the project design and monitoring plan, applying the newest version of relevant methodologies, tools and standard requirements
• Identify, contract and pay VVB to carry out validation - Find an approved VVB>>
• Re-submit to the VVB an updated SDG Impact Tool, Project Design Document (PDD) and all relevant supporting documentation for VVB re-validation

Timeline

• Validation timelines are to be scheduled with the contracted VVB directly.
• A renewal opinion shall be submitted by a VVB no later than the last date of the current certification cycle. A delay in completion of revalidation shall result in a reduction of issued products/impact statements.

STEP 8 - Design Certification Renewal (Review)

Once the third-party validation for design certification renewal has been completed, the documents are submitted to the certification body for review. Clarifications and resolutions of corrective actions maybe requested as/where required.

To initiative the review for design certification renewal, projects must

• Have a positive validation opinion from VVB
• Ensure VVBs submit a VVB-approved updated Project Design Document (PDD), updated SDG Imnpact Tool, and all relevant supporting documentation
• Ensure VVBs submit the Final Validation Report
• Pay the Design Certification Renewal Review Fee.  See full Gold Standard fee schedule for more details.

Other Important Information
about the Certification Process

TRANSITION PROJECTS

Eligible projects can transition from other standards to Gold Standard for the Global Goals. More information, including the eligibility criteria, requirements and procedures, are included in ANNEX B of the GHG Emission Reduction and Sequestration Product Requirements and guidance is available in Transition Procedure for Transitioning Projects from Other Standards to Gold Standard for the Global Goals. You can find the relevant documents and templates in the Project Transition Page.

DESIGN CHANGE

Once a project design is certified, it must be implemented as described in the Project Design Document. Any significant, permanent changes or corrections, including of project size, installed capacity, methodology used, crediting period start date, etc. must be submitted for review and re-certification in the form of a formal request for a design change.

The procedure for a design change doesn’t apply to temporary deviations. There is a deviation process to support these short-term amendments.

To submit a request for a design change project developers need to follow the requirements outlines in Annex A of the Principles and Requirements.

The template for submitting a design change is located in the Design Document templates (i.e. PDD | PoA DD | VPA DD). Design changes are submitted to the certification body. Upon receipt of the formal request for a design change and once payment of the design change fee has been received a review is conducted. 

To initiate a design change, projects must

• Complete Annex 4 of the relevant Project Design Document, including justification of the impact of the design change on the project’s additionality, eligibility, safeguards, and estimated impact.
• Conduct a stakeholder consultation, if necessary
• Update the Project Design Document
• Identify, contract and pay VVB to carry out validation - Find an approved VVB>>
• Pay the Design Change Review Fee. See full Gold Standard fee schedule for more details.

For the review the following documentation must be submitted:

• A VVB-approved Design Change Request Form
• An updated Project Design Document (PDD)
• Updated SDG Tool
• All relevant supporting documentation
• A final Validation Report

DEVIATIONS

If a project is temporarily unable to comply with the certified monitoring plan, or with specific deadlines, it may apply for an exception for a given process or monitoring period. Such deviations are granted on a project-by-project basis on the discretion of the Gold Standard Technical Advisory Committee or based on precedents already reviewed and published.

The procedure for submitting a deviation request is outlined in the Deviation Approval Requirements and Procedures. The deviation request form and the full list of published deviations can be viewed online.

Project developers seeking permanent changes to a registered project activity need to follow the Design Change Approval Process.

To initiate a deviation request, projects must

• Fill out a Deviation Request form, including justification of the need for the deviation and a proposed alternative ensuring conservative outcomes
• If necessary identify, contract and pay an eligible VVB to provide an opinion - Find an approved VVB
• Submit the Deviation Request Form and all relevant supporting documentation. The request will be initially reviewed to check for precedents – if none exist it will be passed to Gold Standard Secretariat for review and elevated to the Technical Advisory Committee (TAC), if required.

CLARIFICATION REQUESTS

To seek clarifications or an interpretation of the Gold Standard for the Global Goals requirements, fill-in the clarification request form and submit to [email protected]. The submission will be reviewed by the team and a resolution will be provided within 10 working days.  Please note that Gold Standard cannot give advice on project eligibility or how to best structure a project to meet requirements.

This process has been developed to formalise and expedite the process for answering queries and questions received daily. In time, resolved clarification requests deemed useful to other stakeholders will be made publicly available on the Gold Standard for the Global Goals website.