Supplier Verification Report

Bayer Carbon Program

November 17, 2023

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Attestations

1. If more than one party has ownership interest in the land, building and/or business operations that are located within the project boundaries, have all such parties assigned authority to register this project in the Nori market, on behalf of all parties, to the person identified herein as the project's Primary Contact?

Yes

No, this project does not have confirmed, legal ownership.

2. Is this project independent of other registries and programs and is there no conflict of interest where this project has been issued any form of credit representing real interest in the carbon removal claims outlined in the application by any other registry or market administrator?

Yes

No, this project not independent of other registries and programs.

3. Is the data the applicant submitted to Nori reasonable given the operating records (e.g. invoices, receipts, etc.) and any other evidence to which the Verifier was granted access by the applicant?

Yes

No

4. Does the data or evidence found in the applicant's operating records meet with the Nori Guidelines definition for completeness and accuracy?

Yes

No, this project does not meet my standards as a professional verifier.


Verification opinion

As a result of the attestations above, what is the final verification opinion?

Positive - reasonable assurance

Positive - reasonable assurance with qualifications

Neutral - limited assurance

Adverse - no assurance

Verification summary

The C21-0357 Nori US Croplands Project is comprised of multiple fields totaling 578 acres located Iowa. The reduced tillage methods employed to produce food in these fields draw CO2 out of the atmosphere, enhancing soil health, moisture retention, soil productivity and increasing the percent of soil organic matter (SOM%), and related organic carbon (SOC), that is retained in the top 20 centimeters of soil. Of the 578 acres reported by applicant, 574 acres were determined by the Nori model as eligible forNRT issuance. This project qualifies for a maximum of 5 years of “vintage” NRTs, or NRTs the Supplier has phased in a sequence of regenerative soil management, crop choice and cropping practices in the past (vintages 2018 through 2022), subject to verification of the annual Carbon Removal Claims. An NRT represents approximately 1 tonne of CO2 removed from the atmosphere and sequestered in the soil for 10 years. This project reflects practice changes that were adopted during and/or after 2014 in 12 fields and after 2013 in 1 field (the project “Switch year”).

Qualifying statement

We provide assurance at a limited level that regenerative agriculture practices that sequester additional carbon have been implemented since the switch event. Though no negative findings were noted during review, and overall evidence provided by the farm is thorough, uncertainty stems from limited verifier ability to confirm switch practices across the entire field – provided photographs only cover a small portion of total fields. We recommend periodic onsite audits, or more extensive video, in the renewal cycle to confirm the extent of verified practices.


Verifier's signature

David Jaber

David Jaber

nsf.org

November 17, 2023

Supplier's signature

Cornelius Streit

Cornelius Streit

Bayer Carbon Program

November 17, 2023

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