This document outlines the formal Gold Standard for the Global Goals procedures to address and remediate over-issuance or erroneous issuance of certified products. It addresses systemic risks, process integrity, and corrective actions for both project-level and broader methodological shortcomings.
The procedure applies to cases where Gold Standard Verified Emission Reductions (GSVERs), verified Sustainable Development Goal (SDG) impacts, or other Gold Standard-labelled products are found to have been issued in excess of the correct amount. This includes instances caused by calculation errors, protocol breaches, or misreporting.
This is the first time a process has been established to manage these integrity risks with detailed, step-by-step requirements. These rules apply across all GS4GG-certified products, with the specific exception of Land Use and Forestry (LUF) projects.