CCP Tagging and Attribute Assignment Policy

1. Overview

This document describes the procedures adopted by Teravent Limited for assigning Core Carbon Principles (“CCP”) Approval tags and CCP Attribute tags to carbon credits that are issued, held, retired, or otherwise processed through the Teravent Registry. The procedures are based on the standards established by the Integrity Council for the Voluntary Carbon Market (ICVCM) and are designed to ensure that every credit associated with Teravent reflects the highest levels of transparency, integrity, and alignment with global best practice.

2. CCP-Approval Tag Assignment

Teravent will apply the CCP-Approved tag to credits that originate from protocols formally recognised by ICVCM as meeting the CCP criteria. This applies not only to credits issued after a protocol has been approved but also to older credits that were generated prior to formal ICVCM approval, including credits that have already been retired. When ICVCM specifies that only certain versions of a protocol are CCP Approved, Teravent will limit the application of the tag to credits issued strictly under those versions. In circumstances where ICVCM approval is conditional, for example, when a specific project activity, methodology requirement, or technical condition is stipulated - Teravent will only assign the CCP Approved tag to credits that clearly meet those conditions.

On occasions where a single project uses more than one protocol, Teravent will only apply the CCP-Approved tag if every protocol being used has itself received formal CCP approval. Once all eligibility requirements have been met, Teravent will apply the CCP Approved tag through the Registry, ensuring that all relevant metadata is accurate and made publicly accessible. For credits that were issued prior to the establishment of this tagging system, Teravent will review their eligibility and will inform ICVCM whenever historical credits are newly tagged. For all future credit issuances under CCP Approved protocols, the tagging will occur automatically as part of the issuance workflow.

3. Assignment of CCP Attributes

Teravent may also assign up to three additional CCP Attributes to eligible CCP-Approved credits. These Attributes relate to host-country authorisation under Article 6 of the Paris Agreement, voluntary contributions to the Adaptation Fund, and verified positive contributions to Sustainable Development Goals (SDGs) other than climate mitigation (SDG 13). A credit may carry none, one, two, or all three Attributes, and these labels will always be clearly differentiated from other forms of tagging used within the Teravent Registry.

Before any Attribute is assigned, the credit must already hold the CCP-Approved tag and must meet all Attribute-specific criteria. In the case of Article 6 authorisation, Teravent requires the project proponent to submit verifiable evidence that the host country has issued an Article 6 approval. This information will be assessed and then made publicly available on the Registry. Teravent will also produce an annual public report summarising the status of Article 6 authorisations, broken down by host country, activity type, and vintage. If a corresponding adjustment required under Article 6 is not applied within two years, Teravent will remove the Attribute from the affected credits. Teravent will not use any Article 6-related labels other than this CCP Attribute.

For Attributes linked to the Adaptation Fund, Teravent requires evidence that at least five percent of revenue from credit sales has been contributed to the Fund or that an equivalent quantity of credits (not less than five percent) has been transferred into an Adaptation Fund-managed account. This evidence must be verifiable and will be publicly disclosed.

For Attributes relating to positive SDG impacts, project proponents must submit a quantification assessment that demonstrates ex-post, measurable contributions to one or more SDGs, except SDG 13. The methodology used for this assessment must be one approved by Teravent, and the results must have been reviewed as part of a verification conducted by a recognised Validation and Verification Body (VVB). All supporting documents will be published on the Registry.

4. Attribute Verification and Retroactive Application

The responsibility for providing complete and accurate documentation lies with the project proponent. Teravent will only apply an Attribute once it is satisfied that all requirements have been met. Attributes may be applied retroactively to previously issued credits if adequate verification documentation exists. In such cases, Teravent will inform ICVCM once the tag has been added.

5. Oversight, Error Correction, and ICVCM Cooperation

Teravent is accountable for ensuring that all CCP-Approval tags and Attributes are applied correctly and transparently. ICVCM retains supervisory authority and may conduct audits or request additional information at any time. Teravent will provide all such information subject to appropriate confidentiality controls. If ICVCM suspends Teravent’s status as a CCP Eligible programme, Teravent will pause all tagging and attribute assignments until eligibility is restored. If eligibility is terminated, no new credits will receive CCP Approval or CCP Attributes, though any credits tagged prior to termination will remain unchanged.

In the event that a tagging error is identified whether by ICVCM, a project proponent, or Teravent’s internal review—Teravent will correct the error within five working days. If necessary, Teravent may conduct additional sampling or verification checks to confirm that the correction has been properly implemented.

Throughout ICVCM’s assurance activities, Teravent will maintain full cooperation, provide required information, and participate in periodic reporting exercises.

6. Transparency

Teravent will ensure that all internal labels, statuses, or programme specific designations used for operational purposes are clearly distinguished from CCP Approval and CCP Attribute tags, avoiding any risk of confusion among market participants. All CCP-related information including protocol eligibility, attribute documentation, and historical tagging decisions—will be published openly on the Registry.

7. Contact Information

Any project proponent or stakeholder who requires clarification or support regarding CCP-Approval or CCP Attribute tagging may contact Teravent at the official support channel: support@teravent.com.