Requirements for Validation and Verification Bodies (VVBs)

This document presents guidelines for Validation and Verification Bodies (VVBs) for conducting evaluations of greenhouse gas emission avoidance and/or removals of project developers.

Purpose of this document

The aim of this document is to present guidelines for Validation and Verification Bodies (VVBs) for conducting comprehensive evaluations of greenhouse gas emission avoidance and/or removals of Project Developers under the Rainbow Standard.

This document delineates the requirements and procedures necessary for ensuring compliance with the Rainbow Standard Rules and Rainbow Procedures Manual. It pertains to the following types of audits:

• Validation Audits

• Verification Audits

Introduction

This guidance is part of the larger framework of the Rainbow Standard system, which encompasses the Rainbow Standard Rules and the methodologies. Moreover, it complements the Rainbow Procedures Manual that delineates project registration and supervision This document offers targeted guidance for auditors performing validation and verification audits within the specialized scope of Project Developers.

The guidelines detailed in this document become binding upon its formal release. Post this date, any VVB that meets the requirements can contribute to the validation and verification of Rainbow Standard Projects.

Existing VVBs must reapply and provide the necessary documentation outlined in this text before continuing validation or verification tasks.

For VVBs who have an existing formalized agreement with Project Developers before the activation date of this guidance, a grace period of twelve months is given to apply again and comply with the new requirements.

Henceforth, Project Developers can only collaborate with VVBs officially recognized by Rainbow, based on the requirements and processes defined herein. Projects already registered that haven't transitioned to the Rainbow Standard Rules might be subjected to different review templates than those mentioned here.\

VVB acknowledgement

I hereby acknowledge that I have read and understand the above requirements.

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Company name:____________________

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Name:_________________

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Signature: ____________________________________ Date:_____________

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