California Assembly Bill 1305 Seller Disclosures

Last Updated: December 2024

Terraformation, on behalf of itself and/or its affiliates (collectively, “Terraformation” or “we”), is making the following disclosures pursuant to Section 44475 of Division 26 of the California Health and Safety Code (“California Assembly Bill 1305” or “AB 1305” or “Voluntary Carbon Market Disclosures”) for compliance purposes only.

Without first obtaining the express written consent of Terraformation, none of the information contained within these disclosures may be used or relied upon by any company, organization, or other person for any purpose, including, without limitation, to form the definitive basis for any decision, purchase, investment, contract or action whatsoever.

These disclosures are not all-inclusive, nor do they contain all information that may be necessary to properly evaluate any decision, purchase, investment, contract or other action. The information presented in these disclosures has been developed internally and/or obtained from sources believed to be reliable.

While Terraformation believes the information in these disclosures to be accurate, Terraformation is not making any representation, express or implied, as to the accuracy, adequacy, timeliness, or completeness of any information contained herein.

Further, Terraformation neither assumes nor accepts any responsibility, obligation, or liability of any kind in relation to any of such information, disclaims all warranties, express or implied, with respect to such information and disclaims any obligation to update any such information except to the extent required by law.

Sembrando Futuro 2.0 – Colombia

View this project listing on the Verra registry.

Details regarding the applicable carbon offset project, including all of the following information:
The specific protocol used to estimate emissions reductions or removal benefits. VM0047 Afforestation, Reforestation, and Revegetation, v1.0
The location of the offset project site. Colombia
The project timeline. 2023 - 2063
The date when the project started or will start. Carbon removal
Whether the project meets any standards established by law or a nonprofit entity. Carbon removal
Whether the project meets any standards established by law or a nonprofit entity. Verified Carbon Standard (VCS)
The durability period for any project that the seller knows. 40 years
Whether there is independent expert or third-party validation or verification. Yes; the VCS Project Validator has not yet been selected at this stage.
Emissions reduced or carbon removed on an annual basis. The estimated average annual emission reductions from this project are 7,813 mtCO2e/year.
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