Raising the Standard
PFS verifies forestry CO2 sequestration, both for capture and for proven storage. It does this to the highest available standard and integrity. This leads to voluntary carbon credits being issued on an ex post basis.
PFS also verifies greenhouse gas statements about present and future capture and storage of CO2 until 2100 can then be made with little fear of successful regulatory or green washing suits.
For enquiries as to available PFS verified VCCs please contact our associated commercial entity info@forestryverificationservices.com.
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Stakeholders
PFS will have an internationally recognised VVB as a validator and third party certifier. PFS currently retains SGS for validation and verification services.
PFS’ settlement agent, document repository and platform operator will be MUFG Pension and Market Services. MUFG is Japan’s the largest commercial bank.
PFS has granted Tāmata Hauhā Limited the ability to introduce Māori Forests for certification.
Compliance
PFS claims to be compliant with the following where applicable:
ISO 14064-1 Greenhouse gases – Part 1: specification with guidance at the organisational level for quantification and reporting of greenhouse gas emissions and removals.
ISO 14064-2 Greenhouse gases – Part 2: Specification with guidance at the project level for quantification, monitoring and reporting of greenhouse gas emission reductions or removal enhancements.
ISO 14064-3 Greenhouse gases – Part 3: specification with guidance for the verification and guidelines for quantification.
STBi Science Based Targets – Net Zero Standard (2023).
CORSIA – Carbon offsetting and Reduction Scheme for International Aviation ICOA 2023. Corsia will not be available for PFS registration until after 2026.
IC-VCB – core carbon principles: PFS-IB-031.
To best meet IPCC 2100 goals, growing trees need to be left in the ground until at least that time. They also need to be carbon positive for some of that time and never turn carbon negative. The only exception to this is felling trees where necessary to protect the health or maximise carbon storage of a forest.
Capture without proof of legal and silviculture longevity to 2100 provides no certainty of benefit to the planet. This contrasts with the certainty that GHG emissions will remain in the atmosphere for long periods (GWP 100). Only a deed of encumbrance against felling, given in a high rule of law country, can provide that level of certainty.