STANDARDS SETTING WORKPLAN 2020 2021 - Gold ...

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STANDARDS SETTING WORKPLAN 2020 - 2021

                      13 May 2020
Gold Standard’s vision is ‘climate security and sustainable development for all.’ We believe that this is only possible if impact
quantification and certification become mainstream.

Following the ISEAL Alliance “Setting Social and Environmental Standards” Code of Best Practice, we are sharing our work
plan to update Gold Standard for the Global Goals and launch supporting initiatives. The table below reflects the work
planned for the year 2020-2021 as well as work completed in 2019. It’s split into four areas and includes any requirements,
methodologies, frameworks, tools or supporting programmes to help accelerate progress toward climate security and
sustainable development.

The next Gold Standard work plan will be published in April 2021, although please note that significant updates may be made
during the intervening period.

 Document or project             Document series           Objectives                  Timeline            Remarks
 being developed                 (as per GS-SSP)
    I.     Gold Standard for the Global Goals – Standard Documentation Updates
 Gold Standard for the           All                       Proposal for new            Q2 2020 - public
 Global Goals (GS4GG) –                                    voluntary carbon market     consultation on
 Post-2020 carbon market                                   (VCM) requirements to       broad policy.
 policies and requirements                                 optimise and align where
                                                           required with Paris
                                                                                       Rules to be
                                                           Agreement including but
                                                                                       finalized by Q4
                                                           not limited to;
                                                                                       2020 based on
                                                           • Rules and                 outcomes of
                                                              requirements for         third-party
                                                              corresponding            negotiations
                                                              adjustments or           (Paris) and
                                                              domestic policy          consultations.
                                                              recognition

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•   Transition period        Updates may
                                                                 before new rules will    defer to later in
                                                                 come into force          2021, if required
                                                             •   Limitations and
                                                                 process for CDM
                                                                 projects to transition
                                                                 to Gold Standard
                                                             •   Update of GWP
                                                                 values for GHGs as
                                                                 per IPCC-AR5
                                                             •   Assess updates to
                                                                 baseline,
                                                                 additionality, MRV in
                                                                 line with Article 6
    Rule updates to meet            All                      Develop the set of           Q2-Q4 2020          Gold Standard has
    CORSIA1 requirements                                     requirements for                                 been approved as an
                                                             projects seeking                                 eligible standard to
                                                             approval to participate                          participate in the
                                                             under CORSIA                                     pilot phase of
                                                                                                              CORSIA that will run
                                                                                                              from 2021-2023.
                                                                                                              Several updates to
                                                                                                              GS4GG requirements
                                                                                                              will be published
                                                                                                              throughout Q2-Q4
                                                                                                              2020 to comply with
                                                                                                              additional
                                                                                                              requirements set by
                                                                                                              ICAO Council.

1   https://www.icao.int/environmental-protection/CORSIA/Pages/default.aspx

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II.    Gold Standard for the Global Goals – Standard Documentation Review & Simplification
Standard                   All                   Review standard             Standard
streamlining                                     documents in                updates and
                                                 collaboration with          updated
                                                 SustainCERT to              templates will be
                                                 streamline and bring        released on an
                                                 clarity to standard         ongoing basis
                                                 documents + templates       throughout the
                                                 where required              year
Standard setting           Governance            This is a planned review    Q3 2020
procedure (SSP)                                  of the SSP to identify
                                                 procedures that need to
                                                 be updated based on
                                                 past experience
Validation and             Principles &          This is a planned review    Q2 2020
Verification Bodies        Requirements          of the VVB requirements
requirements                                     to identify procedures
                                                 that need to be updated
                                                 based on past
                                                 experience
Micro scale requirements   Principle &           Review of micro scale       Q3-Q4 2020
                           Requirements          requirements including
                                                 micro-PoA requirements
                                                 and make necessary
                                                 changes where required
  III.   Innovation Programmes
Labelling principles       All                   Development of labelling    Q4 2020             Gold Standard will
                                                 principles for identified                       develop high level
                                                 domestic and other                              principles to label
                                                 schemes                                         credits generated

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from other schemes.
                                                                                              These principles will
                                                                                              be used to develop
                                                                                              customised labelling
                                                                                              requirements for
                                                                                              individual schemes
Scope expansion           Principles &          Scoping study to expand      Q2-3 2020
                          Requirements          eligibility scope to         publication
                                                include Blue Carbon and      consultation
                                                Integrated Forest
                                                Management activities
                                                                             Q4 2020
                                                (full details of specific
                                                                             approval
                                                scopes will be included in
                                                                             decision on
                                                a policy brief for
                                                                             scope
                                                consultation)
                                                                             expansions
                                                                             where required
SDG Tool Programme        Principles &          Release SDG tools for        Q3-4 2020        Testing will be
                          Requirements          piloting:                                     carried out in
                                                 i. Renewable energy,                         collaboration with
                                                 ii. Community services                       SustainCERT on
                                                      &                                       these three SDG
                                                 iii. LUF activities                          tools this year before
                                                                                              releasing them for
                                                                                              wider use
  IV.   Gold Standard for the Global Goals – Methodologies
TPDDEC methodology and    SDG Impact            Improvements to these        Q4 2020          Further guidelines
simplified cookstove      Quantification        methodologies will be                         will be developed for
methodology                                     made to further enhance                       VVBs to use during
                                                the integrity of credits                      audits of distributed
                                                that are generated using                      technology projects
                                                                                              to enhance the rigour

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approaches defined in                  of their assessments
                                                  these methodologies                    by applying various
                                                                                         cross-check
                                                                                         mechanisms.

Completed documents/projects (2019):
Document or         Document         Objectives                 Timeline       Remarks
project developed   Series (as per
                    GS-SSP)
Gold Standard for   All              Planned revision and       Completed in
the Global Goals                     update of GS4GG            October 2019
(GS4GG)                              documents based on
scheduled updates                    feedback received
                                     since last update
                                     launch in March
                                     2018

Safeguarding        Principles &     Review of                  Completed in
Principles &        Requirements     documents to               October 2019
Requirements                         restructure for ease
                                     of understanding
                                     and application

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Stakeholder        Principles &     Review of                  Completed in
Procedure,         Requirements     documents to               October 2019
Requirements &                      restructure for ease
Guidelines                          of understanding
                                    and application

Future proofing    -                Developing solutions       This work will
Voluntary Carbon                    for double counting        culminate with
Markets (VCM)                       under the Paris            rule updates
                                    Agreement and for          to be
                                    new opportunities to       published in
                                    link to corporate          Q4 2020
                                    reporting.

SDG impact         SDG Impact       Create guidance for        Completed in     This work will continue with piloting the
assessment tools   Quantification   development of SDG         Q4 2019          three SDG tools on projects in 2020
                                    tools. First tool to be
                                    developed

Soil organic       SDG Impact       Improve soil tillage       Completed in     https://globalgoals.goldstandard.org/soil-
carbon             Quantification   methodology to             February 2020    organic-carbon-framework-methodology/
                   (for VERs)       make it framework
                                    methodology for soil
                                    carbon projects

Shared Value       -                Framework to               Approach was     It will be piloted along with SDG tools in
calculation                         calculate shared           developed in     2020
approaches                          value of the SDG           June 2019
                                    outcomes – pilot
                                    along with SDG
                                    Tools

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