RESOURCES

Past Consultations

PAST CONSULTATION - PFS Standard, Terms and Conditions and IB updates June 2025

The Consultation Period is Now Closed

Introduction

PFS launched a public consultation on proposed changes to its Standard, Terms and Conditions and supporting Information Bulletins. The purpose of the proposed changes is to increase the level of detail, enhance the methodology and processes including an increased alignment with the direction of the UNFCCC Article 6.4 Supervisory Body recommendations, and provide a greater degree of transparency in order to improve the overall quality of the Standard. This includes the addition of information as well as the  removal of redundant clauses and details.

We invited feedback from the public to ensure that the changes that are proposed are clear and have the impact that they are intended to achieve.

The attached notification of amendments document outlines the changes that are proposed and these changes can be viewed on the relevant documents which have the tracked changes highlighted.

The consultation period was from 16 June to 7 July 2025 with all required feedback to be received by 11:59pm on 7 July NZT.

Documents:

Notification of Amendments

PFS Standards

PFS Standard Part I V2

PFS Standard Part II V2

PFS Standard Part III V2

PFS Information Bulletins

PFS-IB-001 Standard Application Form V2

PFS-IB-003 Info to allow Forest Risk Assessments V2

PFS-IB-005 Standard Application form for PFS positive risk assessment V2

PFS-IB-007 Receiving more NZUs than promised V2

PFS-IB-008 Avoiding adverse Impacts - Governance V2

PFS-IB-009 Avoiding adverse Impacts- Social V2

PFS-IB-010 Avoiding adverse Impacts - Environmental V2

PFS-IB-011 Climate Change Risk Assessment V2

PFS-IB-012 Silviculture Risk Assessment V2

PFS-IB-013 Legal Risk Assessment V2

PFS-IB-014 Part Certification of Project Forest V2

PFS-IB-016 Prior Counting of Removals under another Project V3

PFS-IB-017a Form of Acceptable Deed of Encumbrance V2

PFS-IB-017b Encumbrance Trustee Deed 30 April 2025 V2

PFS-IB-018 GHG Statements may qualify for positive legal risk V2

PFS-IB-021 PFS Measurement of Project GHG V2

PFS-IB-022 PFS required procedures upon discovery of loss event V2

PFS-IB-028 Risk Assessment referred to in PFS Standard Part II V2

PFS-IB-029 Uploading information to PFS and MUFG portals V2

PFS-IB-031 PFS Statement of consistency with ISO14064-1 V2

PFS-IB-032 GHG Statement and compliance with ISO 14064-3 14068 V2

PFS-IB-039 Principles for PFS and approved VVB required by Part III V2

PFS-IB-043 Leakage V1

PFS-IB-045- PFS Standard consideration of UNFCCC A6.4-TOOL-AC-001 V1

PFS-IB-301 Standard Protocols for the verification of projects V1

PFS-IB-302 Governance and Consultation for Projects V1

PFS-IB-401 Standard Protocols for registration of projects V1

PFS-IB-402 Surrenders and Cancellations V1

PFS-IB-403-Consultation requirements for Amendments V1