Independent Auditor’s Report on Applying Agreed-Upon Procedures
RY2014 Audit Procedures - Set 2 - Sales of Fixed and/or Customized Mixes Only
To the Board of Directors of [Participant Company for which Audit was Performed] and Center
for Resource Solutions (CRS):
[Name of Auditor Company] has performed the procedures enumerated below, which were
agreed to by [Participant Company for which Audit was Performed], solely to assist [Participant
Company for which Audit was Performed] with respect to complying with annual reporting
requirements of the Center for Resource Solutions’ Green-e Climate program for the year
ended December 31, 2014. This agreed-upon procedures engagement was performed in
accordance with standards established by the American Institute of Certified Public
Accountants. The sufficiency of the procedures is solely the responsibility of the specified users
of the report.
Consequently, we make no representation regarding the sufficiency of the procedures
described below either for the purpose for which this report has been requested or for any
other purpose.
III.A. Verification of Emissions Reduction Retirements and/or Transfers
The objectives of performing these procedures are to provide assurances relating to the
following:

The emissions reductions retired and transferred by Seller were eligible emissions
reductions and accurately measured, reported and documented.
1. Obtain a completed copy of Worksheet 11 from the Seller, containing the detail of the
annual retirements and transfers of emissions reductions used to supply a Certified Product.
For every project that is identified on Worksheet 1, the Project Name, Project Type, Project
Location (country), Project Start Date (year), Endorsed Program, Registry Name, Project ID,
Vintage (year), Quantity of Emissions Reductions (Metric tons CO2e), Registry Serial ID
Number(s) (range), and Name of Wholesale Supplier (where applicable) must be disclosed
on Worksheet 1. Note any exceptions.
Step III.A.1 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
2. For each project listed on Worksheet 1, confirm that the Project Name, Project Type,
Project Location, and Endorsed Program match the information found on the Checklist.
Note if any projects on the Checklist are not included on Worksheet 1, and if any projects on
Worksheet 1 are not included on the Checklist.
Step III.A.2 was performed:
1
Yes.
No.
N/A.
For descriptions of the individual Worksheets, see Appendix B of the Audit Overview and Provisions document.
Page 1 of 20
Exceptions, Notes, Reason for “No” or “N/A”:
3. For each project listed on Worksheet 1, confirm that the Endorsed Program reported in
Column 1E is either the American Carbon Registry (ACR), Climate Action Reserve (CAR), the
Verified Carbon Standard (VCS), or the Gold Standard (GS) (listed by their acronyms), and
that only one Endorsed Program is reported for each project listed. Note any exceptions.
Step III.A.3 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
4. For ownership of emissions reductions from the American Carbon Registry (ACR), Climate
Action Reserve (CAR), the Verified Carbon Standard (VCS), and the Gold Standard (GS) listed
on Worksheet 1, the Seller must have a Registry Report from an Approved Registry
demonstrating the retirement or transfer of emissions reductions for Certified Product
sales. Obtain these Registry Reports.
Step III.A.4 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
a. For each unique row on Worksheet 1, verify that the combination of Project Name
(Column 1A), Vintage (year) (Column 1H), Project ID in Registry (Column 1G),
Quantity of Emissions Reductions (metric tons CO2e) (Column 1I), and Registry Serial
ID Number(s) (Column 1J) reported matches and corresponds to
retirements/transfers, or aggregations thereof2, listed on the Registry Reports. Note
a discrepancy in any of the above categories as an exception. Also for these
retirements/transfers, please note if the “retirement reason” or “memo” field,
and/or the “subaccount name” in the Registry Report indicates retirement for a
voluntary program other than Green-e Climate or a compliance program, or for a RY
that is not RY2014.
Step III.A.4.a was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
b. On all Registry Reports, examine the Registry Serial ID Number(s) associated with all
retirements/transfers indicated or marked as being for RY2014 Green-e Climate
Certified sales and verify that these numbers are included in the numbers or ranges
reported in Column 1J on Worksheet 1. Note any exceptions.
Step III.A.4.b was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
c. Confirm the accuracy of all Registry Reports by accessing Seller’s Registry electronic
account(s) and comparing Registry Reports to actual data in the Seller’s account(s).
Follow the instructions in Section I of Appendix C of the Audit Overview and
2
Individual retirements/transfers listed in Registry Reports may be aggregated in Worksheet 1 by vintage year.
Page 2 of 20
Provisions document and verify that the information in the Registry matches the
information on the Registry Reports. Note any exceptions.
Step III.A.4.c was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
d. The Registry used must be an Approved Registry listed on the Checklist. Note any
exceptions.
Step III.A.4.d was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
5. For each project, verify that the total unique Registry Serial ID Number(s) in Column 1J
equals the total Supply of Emissions Reductions in Column 1I (if a range is provided: [end
serial ID] – [beginning serial ID] + 1 = [metric tons reported in Column 1I]). Note any
exceptions.
Step III.A.5 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
6. Obtain a copy of the Seller’s Carbon Offset Content Label(s) for each Certified Product.
Examine the projects listed on Worksheet 1 and verify that each project contains an eligible
combination of Project Type, Project Location (country), Endorsed Program, and Vintage
(year), in Columns 1B, 1C, 1E, and 1H of Worksheet 1, respectively, according to the Seller’s
Carbon Offset Content Label(s). Note any exceptions.
Step III.A.6 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
7. Examine the vintage year reported in Column 1H for each unique combination of Project
Type, Project Location (country), and Endorsed Program on Worksheet 1 and verify that the
Vintage (year) reported in Column 1H matches or falls within the Vintage (year or range of
years) reported in Column 2O of Table 2.3 in Worksheet 2 for that combination.
Step III.A.7 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
8. Examine the projects listed on Worksheet 1 and verify that they are included in the Seller’s
Project List. Note any exceptions.
Step III.A.8 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
Page 3 of 20
9. For hydropower facilities listed on Worksheet 13 where the Project Location (country) in
Column 1C is listed as the United States or Canada, verify that at least one of the following
is true for each hydropower facility listed:
a. The facility is listed on the Low Impact Hydropower Institute (LIHI) website, at:
http://www.lowimpacthydro.org/certified-facilities/; also in this case, check that the
date of LIHI certification is on or before the first generation date of any emissions
reduction being claimed from a LIHI Certified facility; note any exceptions;
b. For Canadian hydropower facilities only, the facility is listed as EcoLogoTM Certified
at: http://www.ecologo.org/en/participatingcompanies/4; also in this case, check
that the date of EcoLogo certification is on or before the first generation date of any
emissions reduction being claimed from a EcoLogo Certified facility; and/or
c. The hydropower facility consists of a turbine in a pipeline or a turbine in an irrigation
canal.
Explain how these were confirmed5 and note any exceptions.
Step III.A.9 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
10. For hydropower facilities listed on Worksheet 1 where the Project Location (country) in
Column 1C is listed as a country other than the United States or Canada, verify that the
nameplate capacity of the hydropower facility is less than 10MW, or if it is a “grouped
project” (consisting of more than one instance of the project activity at multiple locations
within a defined geographic boundary), which is certified as a group or program of
activities, verify that no single instance of the project within the group exceeds 10MW
nameplate capacity.6 Note any exceptions.
Step III.A.10 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
11. Examine any projects where the Endorsed Program in Column 1E is listed as CAR and the
Project Type in Column 1B is listed as Forestry, and verify that the project was
3
Where neither the Project Type or Project Name reported on Worksheet 1 indicate whether or not the project is
a hydropower project (e.g. Project Type is reported as “Renewable Energy” and the Project Name does not contain
words indicating the technology type, such as the word wind, solar, hydro, etc.), check the Registry Reports or
elsewhere in the Registry to confirm.
4
If the EcoLogo website does not list the supplying facility, request documentation from the Seller that shows that
the facility is EcoLogo Certified.
5 Confirming (c) may require accessing Project Description documentation for the project, which for ACR, VCS, and
GS projects is available through the Registries and through public reports or project registries available on their
respective websites.
6
Confirming this may require accessing Project Description documentation for the project, which for ACR, VCS, and
GS projects is available through the Registries and through public reports or project registries available on their
respective websites.
Page 4 of 20
certified/validated under version 3.0 or later of the CAR Forest Protocol.7 Note any
exceptions.
Step III.A.11 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
12. Examine any projects where the Endorsed Program in Column 1E is listed as VCS.
a. Confirm that the project was validated according to version VCS 2007 or VCS 3.0.8
Note any exceptions.
Step III.A.12.a was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
b. If the project was validated according to version VCS 2007 and used VCS “Test 2 –
Performance Test” to demonstrate additionality (see the Project Design Document
for the project, available on the VCS website9), confirm that the performance
standard used explicitly lists eligible technologies. Note any exceptions.
Step III.A.12.b was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
c. Where the Project Type in Column 1B is NOT listed as Agriculture, Forestry and/or
Land Use (AFOLU), confirm that the period of time for which GHG
reductions/removals are verified (verification period) does not exceed three years.10
Note any exceptions.
Step III.A.12.c was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
d. Where the Project Type in Column 1B is listed as Agriculture, Forestry, and/or Land
Use project, confirm that the period of time for which GHG reductions/removals are
verified (verification period) does exceed seven years.11 Note any exceptions.
7
Verifying this may require accessing documentation for the project, which can be obtained through the CAR
Registry or using the Project Documentation link here:
https://thereserve2.apx.com/myModule/rpt/myrpt.asp?r=111. Go to “Projects” under public reports.
8
Confirming this may require accessing documentation for the project, which can be obtained through the VCS
Registry or through the VCS Project Database located here:
https://vcsprojectdatabase2.apx.com/myModule/Interactive.asp?Tab=Projects&a=1. Auditors should review the
validation (not verification) report and Project Design Document (PDD). If still unsure, Auditors should contact VCS
at 202 480 2282.
9
The PDD can be obtained through the VCS Registry or through the VCS Project Database located here:
https://vcsprojectdatabase2.apx.com/myModule/Interactive.asp?Tab=Projects&a=1.
10
Confirming this may require accessing documentation for the project, which can be obtained through the VCS
Registry or through the VCS Project Database located here:
https://vcsprojectdatabase2.apx.com/myModule/Interactive.asp?Tab=Projects&a=1. Auditors should review the
verification (not validation) report. If still unsure, Auditors should contact VCS at 202 480 2282.
11
Ibid.
Page 5 of 20
Step III.A.12.d was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
e. Where the Project Type in Column 1B is listed as Agriculture, Forestry, and/or Land
Use, verify receipt of proof from Seller that the project meets the native species
requirement under the Green-e Climate Standard v2.112 (Section 6.4.d, pg. 10).
Note any exceptions.
Step III.A.12.e was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
f. Where the Project Type in Column 1B is listed as Agriculture, Forestry, and/or Land
Use, and where the project start date is before 2002, verify that the project was
validated with 5 years of the start date.13 Note any exceptions.
Step III.A.12.f was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
13. Examine any projects where the Endorsed Program in Column 1E is listed as ACR. 14
a. Confirm that the project was validated in accordance with an ACR methodology that
was approved after v2.0 of the ACR Standard in 2010. Note any exceptions.
Step III.A.13.a was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
b. Confirm that the project was not operational for five years without becoming
validated or producing verified emissions reductions according to ACR’s or another
Endorsed Program’s requirements (i.e. that the period of time between the project’s
start date and the date of validation does not exceed 5 years).15 Note any
exceptions.
Step III.A.13.b was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
12
The Green-e Climate Standard v2.1 is located here: http://www.green-e.org/docs/climate/GreeneClimateStandard_V2.1.pdf.
13
Confirming this may require accessing documentation for the project, which can be obtained through the VCS
Registry or through the VCS Project Database located here:
https://vcsprojectdatabase2.apx.com/myModule/Interactive.asp?Tab=Projects&a=1. If still unsure, Auditors
should contact VCS at 202 480 2282.
14
Confirming this may require accessing documentation for the project, which can be obtained through the APX
registry or through the ACR Project Database located here: https://acr2.apx.com/myModule/rpt/myrpt.asp?r=111.
If still unsure, Auditors should contact ACR at 703-302-6500.
15
Confirming this may require accessing documentation for the project, which can be obtained through the APX
registry or through the ACR Project Database located here: https://acr2.apx.com/myModule/rpt/myrpt.asp?r=111.
If still unsure, Auditors should contact ACR at 703-302-6500.
Page 6 of 20
c. Where the Project Type on Column 1B is listed as Agriculture, Forestry and/or Land
Use (AFOLU), determine whether the project was registered under ACR’s
Afforestation and Reforestation of Degraded Lands methodology. If so, verify that
the project was approved under v1.1 or later of the methodology.16 Note any
exceptions.
Step III.A.13.c was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
d. Where the Project Type on Column 1B is listed as Industrial Process Emissions,
determine whether the project was registered under ACR’s Conversion of High-Bleed
Pneumatic Controllers in Oil and Natural Gas Systems methodology. If so, verify that
the project was approved under v1.1 or later of the methodology.17 Note any
exceptions.
Step III.A.13.d was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
14. Test the mathematical accuracy of Worksheet 1. Agree total Quantity of Emissions
Reductions in Column 1I of Table 1 to the total listed in the last row of Column 1I. Note any
exceptions.
Step III.A.14 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
B.
Verification of Sales
The objectives of performing these procedures are to provide assurances relating to the
following:


The emissions reductions sold were accurately measured and reported.
The quantity and characteristics of the emissions reductions sold are accurately
calculated and reported.
1. Obtain a completed copy of Worksheet 2. Reference the Seller’s Checklist for a list of the
Fixed and Customized Mix Products (“Mix Products”) that must be included in Tables 2.1
and 2.2. Note if any Mix Products on the Checklist are not included Columns 2A and 2F of
Tables 2.1 and 2.2, respectively, or if any Mix Products in Columns 2A and 2F of Tables 2.1
and 2.2, respectively, are not included on the Checklist.
Step III.B.1 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
2. Confirm that the list of Mix Product Names included in Column 2A in Table 2.1 matches the
list of Mix Product Names included in Column 2F in Table 2.2. Note any exceptions.
16
17
Ibid.
Ibid.
Page 7 of 20
Step III.B.2 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
3. Obtain copies of Internal Reporting Documents that Indicate Sales (“internal reporting
documents”) from the Seller that were used to complete Worksheet 2. They should contain
the details of sales and scheduled deliveries under multi-year purchase agreements per
customer for each Mix Product sold, including the type of Mix Product (Customized Mix or
Fixed Mix), the transaction type (online sales, offline sales, automatic recurring sales, or
multi-year purchase agreement), the customer type (individual/residential, commercial, or
wholesale customer), the customer location (US State or non-US country), whether or not it
was a sale made by a Third-party Distributor, and whether or not it was a sale for LEED
certification (see Appendix B of the Audit Overview and Provisions document for a list of
documents that Sellers should supply to their Auditor). From the Internal Reporting
Documents:
a. Recalculate the Total Sales (metric tons CO2e) per Mix Product and agree this to
sales recorded in Columns 2E and 2K in Tables 2.1 and 2.2, respectively.18 Note any
exceptions.
Step III.B.3.a was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
b. Recalculate the sales and scheduled deliveries to individual customers per Mix
Product and agree this to Column 2C in Table 2.1. Note any exceptions.
Step III.B.3.b was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
c. Recalculate the sales and scheduled deliveries to commercial customers per Mix
Product and agree this to Column 2B in Table 2.1. Note any exceptions.
Step III.B.3.c was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
d. Recalculate the sales and scheduled deliveries to wholesale customers per Mix
Product and agree this to Columns 2D in Table 2.1.19 Note any exceptions.
Step III.B.3.d was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
18
Tables 2.1 and 2.2 should include sales made by Third-party Distributors. Table 2.1 should include all customer
types (sales to individual/residential customers, commercial customers, and wholesale customers). Table 2.2
should include all transaction types (online sales, offline, one-time sales, deliveries under multi-year purchase
agreements, and automatic recurring sales).
19
Sales to wholesale customers should not be included in sales to individuals or commercial customers. Rather,
wholesale sales should be recorded separately in Column 2D.
Page 8 of 20
e. Recalculate online sales per Mix Product and agree this to Column 2G in Table 2.2.
Note any exceptions.
Step III.B.3.e was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
f. Recalculate the one-time, offline sales per Mix Product and agree this to Column 2H.
Note any exceptions.
Step III.B.3.f was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
g. Recalculate the scheduled RY2014 deliveries under multi-year purchase agreements
per Mix Product and agree this to Column 2I. Note any exceptions.
Step III.B.3.g was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
h. Recalculate automatic recurring sales per Mix Product and agree this to Column 2J.
Note any exceptions.
Step III.B.3.h was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
4. Using the Sampling Guidelines in Section II.G of the Audit Overview and Provisions
document, select a sample of customer sales transactions detailed in the Internal Reporting
Documents for customers that purchased fewer than 25,000 metric tons CO 2e of emissions
reductions from Seller.20,21 Report the total population size and the sample size chosen.
Step III.B.4 was performed:
Yes.
No.
Total population:
Sample size:
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
5. For each transaction selected in III.B.4:
a. Obtain copies of Billing Statements and/or any other necessary records that contain
the details of the individual sale. This could be a multi-year agreement entered into
in a previous RY, or an automatic recurring purchasing agreement entered into in a
previous RY. Specify what type of records are used.
Step III.B.5.a was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
20
Transactions made through Third-party Distributors should be included as a part of the population being
sampled. Auditor should be granted access to all Third-party Distributor Billing Statements. See Step III.E.2.
21
Sales of 25,000 metric tons CO2e or more to an individual customer will be checked as part of Table 2.4.
Page 9 of 20
b. Using Billing Statements obtained in the previous step, confirm that the emissions
reductions sold per customer that is reported on the Internal Reporting Documents
is accurate in terms of the amount of emissions reductions and type of Mix Product
sold. Note any exceptions.
Step III.B.5.b was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
c. Verify that the sale of each Mix Product in RY2014 occurred within the range of
“Dates when Active in 2014” reported on the Checklist. Note any exceptions.
Step III.B.5.c was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
d. Using the Billing Statements obtained in Step III.B.5.a, verify that the details of the
sale reported on the Internal Reporting Documents are accurate, including the mix
product sold, the mix product type (Fixed or Customized), the customer type
(individual, commercial, or wholesale), customer location (US state or non-US
country), transaction type (online, offline, multi-year purchase agreement, or
automatic recurring sale), whether or not it was a sale made by a Third-party
Distributor, and whether or not it was a sale for LEED certification. Note any
exceptions.
Step III.B.5.d was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
e. Note if review of RY2014 Billing Statements reveals evidence or indication that
Certified Sales were made (Billing Statements exist for sales) which were not
reported on Internal Reporting Documents.
Step III.B.5.e was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
6. Using the Sampling Guidelines in Section II.G of the Audit Overview and Provisions
document, select a sample of transactions detailed in the Internal Reporting Documents for
customers scheduled to receive deliveries in RY2014 in accordance with a multi-year
purchase agreement. Report the total population size and the sample size chosen.
Step III.B.6 was performed:
Yes.
No.
Total population:
Sample size:
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
a. For each transaction selected in III.B.6, verify that customer was informed of the
quantity and vintage delivered this RY, either within the agreement or by the time of
this audit. Note any exceptions.
Step III.B.6.a was performed:
Yes.
No.
N/A.
Page 10 of 20
Exceptions, Notes, Reason for “No” or “N/A”:
b. For each transaction selected in III.B.6, verify that a 2014 Carbon Offset Content
Label with accurate vintage for the most recent delivery (or a link to an online such
Content Label) was delivered to the customer by the time of this audit. Note any
exceptions.
Step III.B.6.b was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
7. Using the Sampling Guidelines in Section II.G f the Audit Overview and Provisions document,
select a sample of transactions detailed in the Internal Reporting Documents for customers
purchasing in RY2014 in accordance with an agreement for automatic recurring purchases.
Report the total population size and the sample size chosen.
Step III.B.7 was performed:
Yes.
No.
Total population:
Sample size:
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
a. For each transaction selected in III.B.7, verify that customer was informed of the
quantity and vintage purchased this RY (or provided with a link to this information
online), either within the agreement or by the time of this audit. Note any
exceptions.
Step III.B.7.a was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
b. For each transaction selected in III.B.7, verify that a 2014 Carbon Offset Content
Label with accurate vintage for the most recent delivery (or a link to an online such
Content Label) was delivered to the customer by the time of this audit. Note any
exceptions.
Step III.B.7.b was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
8. Using the Sampling Guidelines in Section II.G of the Audit Overview and Provisions
document, select a sample of customer sales transactions detailed in the Internal Company
Documents for customers that purchased Customized Mix Products from Seller. Report the
total population size and the sample size chosen.
Step III.B.8 was performed:
Yes.
No.
Total population:
Sample size:
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
Page 11 of 20
a. For each transaction selected in III.B.8, compare the information reported on the
Internal Reporting Documents to a copy of the Carbon Offset Content Label that the
customer received and verify that the customer received the emissions reductions
from the correct type of project, project location (by country) and Endorsed
Program. Note any exceptions.
Step III.B.8.a was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
b. For each transaction selected in III.B.8, verify that the customer was provided with a
Carbon Offset Content Label reflecting the customer’s unique selected proportions
of different GHG emissions reductions from project type(s), location(s), and
Endorsed Program(s), within 30 days of purchase (Note: this Carbon Offset Content
Label will not list “up to 100%” as % of product). Note any exceptions.
Step III.B.8.b was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
9. Test the mathematical accuracy of Tables 2.1 and 2.2:
a. Agree that the Total Sales per Mix Product in Column 2E in Table 2.1 equal the Total
Sales per Mix Product in Column 2K in Table 2.2. Notes any exceptions.
Step III.B.9.a was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
b. Agree that the sum of Columns 2B-2D equals Column 2E for each row in Table 2.1,
and that the sum of Columns 2G-2J equals Column 2K for each row in Table 2.2.
Note any exceptions.
Step III.B.9.b was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
c. Agree that the sum of rows in Columns 2B-2K equals the total listed in the last row
of each Column. Note any exceptions.
Step III.B.9.c was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
10. Reference the Seller’s Checklist and Carbon Offset Content Label(s) to identify the Mix
Products that must be included in Table 2.3. The name of each Certified Product must be
input in the cells below “Mix 1” in Columns 2Q and 2R, below “Mix 2” in Columns 2S and 2T,
etc. as needed. All Certified sales for RY2014, including those to the large retail customers
that are also listed in Table 2.4 and those for LEED certification that are also listed in Table
2.5, must be included in Table 2.3. Sales made through Third-party Distributors should be
included in Table 2.3 as well.
Page 12 of 20
a. Note if any Mix Products included on the Checklist are not included in Table 2.3, or if
any Mix Products included on Table 2.3 are not included on the Checklist.
Step III.B.10.a was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
b. For each Mix Product, verify that the information listed in Table 2.3 matches the
information provided on the Checklist, including the Project Type(s), Project
Location(s) (country), and Endorsed Program(s) included, and whether the product is
a Fixed or Customized Mix Product. Note any exceptions.
Step III.B.10.b was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
c. For each Mix Product, verify that the information listed in Table 2.3 matches the
information provided on the Carbon Offset Content Label for that Mix Product,
including the Project Type(s), Project Location(s) (country), and Endorsed Program(s)
included.22 Note any exceptions.
Step III.B.10.c was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
11. For each Mix Product, obtain from the Seller a copy of the RY2014 Carbon Offset Content
Label. If the project type, project location, or Endorsed Program of a given Mix Product
changed during RY2014, the change should be treated as a new Mix Product and should be
recorded on a new pair of columns (e.g. 2Q and 2R, 2S and 2T, etc. if needed) for reporting
purposes. For each Fixed Mix Product being tested (denoted by a check mark next to
“Fixed” in columns 2Q, 2S, etc.), agree the percentages in the column labeled “% of
Product” (Column 2R, 2T, 2V, etc. if needed) in Table 2.3 with the “% of product” claims
displayed on the Carbon Offset Content Labels and on the Checklist. Note as an exception
any differences that are greater than 20% of the percent promised on the Carbon Offset
Content Label and listed in the Checklist. For example, if the Carbon Offset Content Label
promised 30% of a specific combination of project type, location and Endorsed Program, the
actual percent In Table 2.3 must fall between 24% and 36% (30% +/- (.2*30%), or 30% +/6%). If the difference is greater than 20%, please attach to the Agreed-Upon Procedures
Report the Seller’s explanation for this difference.
Step III.B.11 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
12. Examine the Vintage (year or range of years) listed in Column 2O In Table 2.3 and verify that
they fall within the vintage years displayed on the Carbon Offset Content Label for each
applicable Mix Product. Note any exceptions.
Step III.B.12 was performed:
Yes.
No.
N/A.
22
The project type and project location reported in Table 2.3 must be as specific as what is specified on the Carbon
Offset Content Label.
Page 13 of 20
Exceptions, Notes, Reason for “No” or “N/A”:
13. Test the mathematical accuracy of Table 2.3. Agree the sum of Sales for Mix Products
(Columns 2Q, 2S, 2U, 2W, 2Y, etc.) equals Total Sales in Column 2P for each row. Note any
exceptions.
Step III.B.13 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
14. Agree the total Sales for Mix (metric tons CO2e) in the last row of Columns 2Q, 2S, 2U, 2W,
2Y, etc.23 with the totals listed for each Mix Product in Columns 2E and 2K in Tables 2.1 and
2.2, respectively. Note any exceptions.
Step III.B.14 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
15. Using Internal Reporting Documents (obtained in III.B.3), and Billing Statements if
necessary, confirm that all customers listed on these documents that purchased 25,000
metric tons CO2e or more in total are listed in Column 2AA in Table 2.4. Note any
exceptions.
Step III.B.15 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
16. For each customer listed in Column 2AA in Table 2.4, compare the Metric tons CO2e
purchased in RY2014 reported in Column 2CC to copies of Billing Statements and/or any
other necessary records that contain the details of the emissions reductions sales by Mix
Product by customer and verify that the sales in Column 2CC are accurate. Note any
exceptions. Specify in the report what, if any, other record was used.
Step III.B.16 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
17. For each customer listed in Column 2AA in Table 2.4, verify that the details of the sale
reported on the Internal Reporting Documents are accurate, including the mix product sold,
the mix product type (Fixed or Customized), the customer type (individual, commercial, or
wholesale), customer location (US state or non-US country), transaction type (online,
offline, multi-year purchase agreement, or automatic recurring sale), whether or not it was
a sale made by a Third-party Distributor, and whether or not it was a sale for LEED
certification. Note any exceptions.
Step III.B.17 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
18. For each customer listed in Column 2AA in Table 2.4, note if Billing Statements reveal that
sales were made in units other than CO2e, and in this case note the unit used.
23
Sales made through Third-party Distributors should be included in these columns.
Page 14 of 20
Step III.B.18 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
19. Reference the Seller’s Checklist. Note if any Mix Products in Column 2FF in Table 2.5 are not
included on the Checklist.
Step III.B.19 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
20. Using Internal Reporting Documents obtained in Step III.B.3, recalculate sales for LEED
certification per Mix Product and per Vintage year in Column 2GG in Table 2.5.
Step III.B.20 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
21. Test the mathematical accuracy of Table 2.5. Agree that the sum of rows in Column 2GG
equals the total listed in the last row of Column 2GG. Note any exceptions.
Step III.B.21 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
C.
Sales by Customer Location
The objectives of performing these procedures are to provide assurances relating to the
following:

The emissions reductions sold by customer location were accurately measured and
reported.
1. Obtain a completed copy of Worksheet 3 and copies of Internal Reporting Documents from
the Seller that were used to complete Worksheets 2 and 3. They should contain the details
of sales per customer for all Certified Products sold, including the location of the customer
by U.S state or non-US country. From the Internal Reporting Documents, recalculate the
amount of emissions reductions sold by customer location and agree this to the sales
reported in Column 3B of Table 3.1. Sales recorded in Column 3B should include all sales,
including sales made by Third-party Distributors. Note any exceptions.
Step III.C.1 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
2. Test the mathematical accuracy of Table 3.1. Agree that the sum of rows in Column 3B and
3C, respectively, equals the total listed in the last row of each Column. Note any exceptions.
Step III.C.2 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
3. Verify that the total Sales in the last row of Column 3B of Table 3.1 equals the last row of
both Columns 2E and 2K of Worksheet 2. Note any exceptions.
Step III.C.3 was performed:
Yes.
No.
N/A.
Page 15 of 20
Exceptions, Notes, Reason for “No” or “N/A”:
4. Compare the last row of Column 3C (the total number of customers in RY2014) with the
sum of the population recorded in Step III.B.4 and the number of large customers listed in
Column 2AA in Table 2.4, and compare these two numbers with the number of customers
listed on the Internal Reporting Documents. Attach to the Agreed-Upon Procedures Report
the Seller’s explanation of any difference between these numbers (e.g. multiple contracts
per customer or multiple customers per contract).
Step III.C.4 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
D.
Balance of Supply and Sales
The objectives of performing these procedures are to provide assurances relating to the
following:

The Seller retired or transferred correct tons CO2e to meet its customer sales.
1. Obtain a completed copy of Worksheet 4 from the Seller, containing the detail of the
balance of supply and sales of emissions reductions sold as Green-e Climate certified.
Referencing Worksheet 1, verify that each unique combination of Project Type (Column 1B),
Project Location (Column 1C), and Endorsed Program (Column 1E) appears on Worksheet 4
in Columns 4A, 4B, and 4C, respectively. Note any exceptions.
Step III.D.1 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
2. For each unique combination of Project Type, Project Location and Endorsed Program on
Worksheet 1, sum the Quantity of Emission Reductions (metric tons CO2e) in Column 1I and
verify that this matches the Supply listed in Column 4D of Worksheet 4 for each unique
combination. Note any exceptions.
Step III.D.2 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
3. Referencing Table 2.3 in Worksheet 2, for each unique combination of Project Type (Column
2L), Project Location (Column 2M), and Endorsed Program (Column 2N), verify that the
Total Sales in each row of Column 2P matches the Sales listed in Column 4E of Worksheet 4.
Note any exceptions.
Step III.D.3 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
4. Test the mathematical accuracy of Column 4F, Net: Supply minus Sales, by subtracting Sales
in Column 4E from Supply in Column 4D for each row. Note any exceptions.
Step III.D.4 was performed:
Yes.
No.
N/A.
Page 16 of 20
Exceptions, Notes, Reason for “No” or “N/A”:
5. Report as an exception if the “Net: Supply minus Sales” is a negative number in any row on
Worksheet 4. For each instance, attach to the Agreed-Upon Procedures Report the Seller’s
explanation for this exception.
Step III.D.5 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
E.
Sales of Green-e Climate Certified Products by Third-party Distributors
Worksheet 5 applies only to Sellers selling Certified Products through one or more Third-party
Distributors. The objectives of performing these procedures are to provide assurances relating
to the following:

The emissions reductions sold by Third-party Distributors were accurately measured and
reported.
1. Obtain a completed copy of Worksheet 5 from Seller. Reference the Checklist to identify the
Third-party Distributors and Organization Types selling Offset Cards that must be included
in Worksheet 5.
a. The name of each Third-party Distributor must be input in the first cell in Columns
5B, 5C, 5D, etc. as needed in Table 5.1. Note if any Third-party Distributors included
in Table 5.1 are not included on the Checklist, or if any Third-party Distributors
included on the Checklist are not included in Table 5.1.
Step III.E.1.a was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
b. The name of each Organization Type selling Offset Cards on behalf of Seller must be
input in the first cell in Columns 5G, 5H, 5I, etc. as needed in Table 5.2. Note if any
Organization Types included in Table 5.2 are not included on the Checklist, or if any
Organization Types included on the Checklist are not included in Table 5.2.
Step III.E.1.b was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
2. Obtain copies of the Internal Reporting Documents of each Third-party Distributor that
were used by Seller to complete Worksheet 5. For Third-party Distributor sales (reported in
Table 5.1), these documents should contain the details of Third-party Distributor sales of
Mix Product(s) per customer. For Third-party Distributor sales of offset cards (reported in
Table 5.2), these documents should contain the number of cards and/or equivalent number
of tons CO2e sold by each individual Third-party Distributor within each Organization Type
by Mix Product. Auditor should have access to all Internal Report Documents and Billing
Statements of the Third-party Distributor for sales of Certified Product(s) and Offset Cards.
Note if access to Third-party Distributor records was not granted.
Page 17 of 20
Step III.E.2 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
3. For Third-party Distributors that are not Third-party Distributors of only Offset Cards, if the
Distributor reported no sales for RY2014, it must provide a letter on company letterhead
with a wet signature from the manager of emissions reduction sales attesting that in
RY2014 they:



Made no Green-e Climate Certified sales,
Did not represent any sales as Green-e Climate Certified, and
Did not authorize any of their sales to be represented as Green-e Climate Certified.
Verify that for all Third-party Distributors with zero sales a letter was received attesting to
these statements.
Step III.E.3 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
4. Using the Internal Reporting Documents obtained in Step III.E.2, recalculate the amount of
emissions reductions sold by each Third-party Distributor for each Mix Product and agree
this to the sales reported in Table 5.1. Note any exceptions.
Step III.E.4 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
5. Verify that RY2014 sales by each Third-party Distributor occurred within the range of “Dates
when Active in 2014” for Third-party Distributors reported on the Checklist. Note any
exceptions.
Step III.E.5 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
6. Using the Internal Reporting Documents obtained in III.E.2, recalculate the amount of
emissions reductions sold as Offset Cards by Third-party Distributors for each Certified
Product and agree this to the sales reported in Table 5.2. Note any exceptions.
Step III.E.6 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
7. Verify that RY2014 sales of Offset Cards by each Third-party Distributor occurred within the
range of “Dates when Active in 2014” for Distributors of Offset Cards reported on the
Checklist. Note any exceptions.
Step III.E.7 was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
8. Test the mathematical accuracy of all products on Worksheet 5:
Page 18 of 20
a. Agree total Sales by each Third-party Distributor (in Column 5B, 5C, 5D, etc. as
needed) of Table 5.1 to the total listed in the last row of each Column. Note any
exceptions.
Step III.E.8.a was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
b. Verify that Total Sales (metric tons CO2e) in Column 5E equals the sum of all Sales of
Mix Products by Third-party Distributors (Columns 5B, 5C, 5D, etc. as needed) for
each row in Table 5.1. Note any exceptions.
Step III.E.8.b was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
c. Agree total Sales by each Organization Type selling Offset Cards (in Column 5G, 5H,
5I, etc. as needed) in Table 5.2 to the total listed in the last row of each column.
Note any exceptions.
Step III.E.8.c was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
d. Verify that Total Sales (metric tons CO2e) of Offset Cards in Column 5J equals the
sum of all Sales of Certified Products by Third-party Distributors (Columns 5G, 5H, 5I,
etc. as needed) for each row in Table 5.2. Note any exceptions.
Step III.E.8.d was performed:
Yes.
No.
Exceptions, Notes, Reason for “No” or “N/A”:
N/A.
Page 19 of 20
IV.
FINAL STEPS AND CHECKS
A.
Additional Auditor Comments
B.
Signature and Report Completion
We were not engaged to and did not perform an examination the objective of which would be
the expression of an opinion on the compliance of the annual reporting requirements of the
Center for Resource Solutions’ Green-e Climate Program. Accordingly, we do not express such
an opinion. Had we performed additional procedures, other matters might have come to our
attention that would have been reported to [Participant Company for which Audit was
Performed] and Center for Resource Solutions.
This report is intended solely for the use of the specified users listed above and should not be
used by those who have not agreed to the procedures and taken responsibility for the
sufficiency of the procedures for their purposes.
Date: [Date of Report Completion]
Name: [Name of Lead Auditor]
Signed: _____________________________
Page 20 of 20