STANDARDS SETTING WORKPLAN 2021 2022

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STANDARDS SETTING WORKPLAN 2021 - 2022

31 May 2021
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 any supporting initiatives. The table below reflects the work
planned for the year 2021-2022 as well as work completed in 2020. 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 2022, although please note that significant updates may be made
during the intervening period.

 Document or project            Document         Objectives                     Timeline            Remarks
 being developed                series
                                ( as per
                                GS-SSP)
    I.    Gold Standard for the Global Goals – Standard Updates
 Gold Standard for the          All              Updates to align with          Rules to be         Proposals for aligning
 Global Goals (GS4GG) –                          the Paris Agreement            developed Q3 +      the voluntary carbon
 Post-2020 carbon market                         Article 6.4, including:        Q4 2021 based       market (VCM) to the
 policies and requirements                       • Rules and                    on outcomes of      Paris Agreement were
                                                     requirements for           third-party         released for consultation
                                                     corresponding              negotiations and    between 18 Feb – 15
                                                     adjustments or             ongoing             April 2021:
                                                     domestic policy            consultations.      https://www.goldstanda
                                                     recognition                                    rd.org/our-
                                                                                                    work/innovations-
                                                 • Updates to                   Updates may
                                                                                                    consultations/integrity-
                                                     baseline, ongoing          defer to later in
                                                                                                    scale-aligning-gold-
                                                     financial need (OFN),      2022, if required
                                                                                                    standard-projects-paris-
                                                     additionality, MRV in
                                                                                                    agreement
                                                     line with Article 6

                                                                2
•   Develop a Practitioners                To read the current
                                                   Guidebook                              thinking on how the
                                               •   Assess suppressed                      VCM can transition:
                                                   demand approaches for                  https://www.goldstanda
                                                   post-2020 scenarios                    rd.org/our-story/vcm-
                                                                                          transition-framework

 Claims guidelines            Principles &    Develop additional guidance for Q3 2021     Consultations will be
                              Requirements    ‘financing’ claims, to be used              held where required
                                              by companies wishing to
                                              purchase carbon credits.

 Rule updates to meet         All             Develop rule updates to ensure Q2-Q4 2021   Gold Standard has
 CORSIA1 requirements                         requirements are user friendly              been approved as an
                                              & align with CORSIA.                        eligible standard to
                                                                                          participate in the pilot
                                              Update the Gold Standard                    phase of CORSIA that
                                              Impact Registry to ensure its               will run from 2021-
                                              equipped to flag adjusted units             2023.
                                              and cancellation remarks.
                                                                                          Several updates to
                                                                                          GS4GG requirements
                                                                                          will be published
                                                                                          throughout 2021 to
                                                                                          comply with additional
                                                                                          requirements set by
                                                                                          ICAO Council.

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

                                                             3
II.   Gold Standard for the Global Goals – Standard Documentation Review & Simplification

Standard                   All            Review standard documents       Standard updates
streamlining                              in collaboration with           and updated
                                          SustainCERT to streamline       templates will be
                                          and bring clarity to            released on an
                                          standard documents +            ongoing basis
                                          templates where required        throughout the
                                                                          year

ISEAL                      Governance     In 2021, Gold Standard          Updates on
alignment +                               achieved ISEAL Code             governance will be
reporting                                 Compliant Status, to ensure     released on an
                                          we retain this status we        ongoing basis
                                          regularly review our code for   throughout the year
                                          standard setting, assurance     when and where
                                          and impacts.                    relevant.

Micro scale requirements   Principle &    Review of micro scale           Q4 2021               Consultations will be
                           Requirements   requirements including                                held where required
                                          micro-PoA requirements and
                                          make necessary changes
                                          where required

                                                       4
III.   Innovation / Programmes

Integration of new         Principles &     Inclusion of technology-based        Q4 2021      Consultations will be
products/pathways          Requirements     removal activities.                               held where required

                                            Scoping studies to expand
                           SDG Impact       eligibility to include Blue Carbon
                           Quantification   and Integrated Forest
                                            Management activities.

                                            We will also review PERs, and
                                            potentially, shipping sector
                                            requirements and renewable
                                            energy options.

SDG Tool Programme         Principles &     Update the SDG tool based on         Q2-Q3 2021   A 60-day piloting
                           Requirements     pilot phase feedback.                             period was initiated
                                                                                              between 04 Feb – 04
                                            Develop user guidelines, case                     Apr 2021:
                                            studies and training to support                   https://www.goldsta
                                            application.                                      ndard.org/our-
                                                                                              work/innovations-
                                                                                              consultations/gold-
                                                                                              standard-sdg-
                                                                                              impact-tool-piloting-
                                                                                              consultation
Digital innovation        All               MRV                                  Q4 2021

                                            Research innovative approaches
                                            to digitalize Monitoring,
                                            Reporting and Verification (MRV)
                                            for Nature Based Solutions and
                                            Energy activities.

                                                          5
Digitalising the Standard

                                            Research into how Gold Standard
                                            can digitalize its standard
                                            documentation + SDG tools

  IV.   Gold Standard for the Global Goals – Methodologies
METHODOLOGY REVIEW

TPDDEC methodology and     SDG Impact       Improvements to the following      Q2-Q3 2021   Further guidelines
simplified cookstove       Quantification   methodologies will be made to                   will be developed for
methodology                                 further enhance the integrity of                VVBs to use during
                                            credits generated using                         audits of distributed
                                            approaches as defined within                    technology projects
                                            these methodologies:                            to enhance the rigour
                                             • Safe water supply                            of their assessments
                                                methodology                                 by applying various
                                             • Improved cookstove                           cross-check
                                                methodology                                 mechanisms.
                                             • Biogas methodology

                                            A new methodology is under
                                            review and will be submitted for
                                            TAC approval:
                                             • Metered technology
                                                methodology

The Gold Standard          SDG Impact       Methodology revision               Q3 2021
Simplified Methodology     Quantification
for Efficient Cookstoves

                                                          6
Soil Organic Framework      SDG Impact       Review on the following Soil    Q4 2021
                            Quantification   Organic Carbon methodologies:

                                              •   SOC Framework
                                                  Methodology
                                              •   SOC Activity Modules
                                                  Approval Procedure

Afforestation/Reforestati   SDG Impact       A/R methodology review &        Q4 2021/Q1
on GHG Emissions            Quantification   revision                        2022
Reduction &
Sequestration                                A new methodology for
Methodology                                  Mangroves/blue carbon

NEW METHODOLOGY
DEVELOPMENT
AGR - Activity Module       SDG Impact       New methodology review and      Q3 2021
Recycled Fertilizers and    Quantification   submission for approval
Soil Amendments

                                                           7
Completed documents/projects (2020):

 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                 In 2020 Gold             Consultation   Latest consultation
 Global Goals (GS4GG) –                          Standard hosted a        completed in   results, held in Q1
                                                 consultation on          Q2 2020        2021:
 Post-2020 carbon market
                                                 operationalising +                      https://www.goldstand
 policies and requirements
                                                 scaling post-2020                       ard.org/our-
                                                 VCM:                                    work/innovations-
                                                 https://www.goldsta                     consultations/integrity-
                                                 ndard.org/our-                          scale-aligning-gold-
                                                 work/innovations-                       standard-projects-
                                                 consultations/operati                   paris-agreement
                                                 onalising-and-
                                                 scaling-post-2020-                      Current thinking on
                                                 voluntary-carbon-                       transitioning the
                                                 market                                  VCM:
                                                                                         https://www.goldstan
                                                                          Updates        dard.org/our-
                                                 Post consultation
                                                                          completed in   story/vcm-transition-
                                                 updates, include:
                                                                          Q1 2021        framework
                                                 • Develop criteria to
                                                    support the
                                                    transition of high
                                                    impact CDM projects
                                                 • Update of GWP
                                                    values for GHGs
                                                    asper IPCC-AR5
II.   Gold Standard for the Global Goals – Standard Documentation Review & Simplification
Standard                  All                   Review to bring clarity   Rule updates
streamlining                                    to standard documents     and clarifications
                                                + templates where         were provided
                                                required                  throughout the
                                                                          year

COVID-19 interim          All                   Guidance on measures     Updates
measures                                        that can be adopted by   completed in Q2
                                                projects to ensure they  2020
                                                are not adversely
                                                impacted during the
                                                duration of the COVID-19
                                                crisis.

Standard setting          Governance            Review of the SSP to      Completed in Q3
procedure (SSP)                                 identify procedures       2020
                                                that need to be
                                                updated based on past
                                                experience
Impacts Monitoring &      Governance            System + manual to     Completed in Q1 Consultation:
Evaluation (M&E) System                         track progress of      2021            https://www.goldstand
                                                contributions that our                 ard.org/our-
                                                standards system makes                 work/innovations-
                                                toward achieving long-                 consultations/impacts-
                                                term social,                           monitoring-and-
                                                environmental or                       evaluation-system
                                                economic impacts.
Stakeholder consultation   Governance     New document              Completed in Q3
policy                                    developed that defines    2020
                                          the policy we follow
                                          when hosting a public
                                          stakeholder consultation.

Deviations                                Procedures released for     Completed in Q3
                                          projects seeking a          2020
                                          deviation from GS4GG
                                          requirements.

                                          This procedure helps
                                          Gold Standard review
                                          unique project situations
                                          on a case-by-case basis,
                                          providing additional
                                          flexibility to projects
                                          whilst maintaining the
                                          robustness fundamental
                                          to Gold Standard
                                          certification.

Validation and             Principles &   VVB requirements            Completed in Q2
Verification Bodies        Requirements   reviewed and enhanced       2020
requirements                              for auditing purposes
III.   Innovations / Programmes
SDG Impact Tools           Principles &          SDG Impact Tools          Completed in Q1   Consultation:
                           Requirements          developed and released    2021              https://www.goldsta
                                                 for piloting                                ndard.org/our-
                                                                                             work/innovations-
                                                                                             consultations/gold-
                                                                                             standard-sdg-
                                                                                             impact-tool-piloting-
                                                                                             consultation

  IV.    Gold Standard for the Global Goals – Methodologies
Soil Organic Framework     SDG Impact            Methodology to quantify   Completed in Q1
Methodology                Quantification        changes in GHG            2020
                                                 emissions and soil
                                                 organic carbon stocks
                                                 through the adoption of
                                                 improved agricultural
                                                 practices
Safe Water Supply          SDG Impact                                      Completed in
Methodology                Quantification                                  April 2021
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