Organization of Riverse
Presentation of Riverse
Riverse: A mission-driven company
Riverse is a simplified joint-stock company ("société par actions simplifiée") with its headquarters situated at 28 Avenue des Pépinières, 94260 Fresnes, France, and is registered in the Créteil Companies and Trade Register with the number 908 082 332.
As a mission-driven entity ("Société à Mission"), Riverse has a defined purpose pursuant to Article 1835 of the French Civil Code.
The company's mission is to create significant and positive environmental or social impact through its commercial and operational activities, and to conduct its business with exemplary professionalism in the pursuit of the collective interest. In alignment with its mission, the company is dedicated to:
Advancing solutions that contribute a net environmental or social benefit to both the community and the planet;
Engaging with partners and customers who share the company's values and objectives;
Delivering significant value and impact through its partnerships and client interactions;
Ensuring the dignity of individuals and promoting a healthy work-life balance for its employees.
Riverse Standard and Riverse Tech Infrastructure
Building upon its core mission, the simplified joint-stock company Riverse operates two entities:
The Riverse Standard: A European crediting program within the voluntary carbon market, tailored for industrial projects that demonstrate the potential for significant reductions or sequestration of greenhouse gas (GHG) emissions. The Riverse Standard prescribes exacting certification criteria, rooted in stringent scientific methodology and designed to align with the principal frameworks dedicated to fostering transparency and integrity in the voluntary carbon market.
The Riverse Tech Infrastructure: Serving as the operational backbone for the Riverse Standard, this infrastructure comprises two principal components:
The Riverse Registry: Ensuring traceability and transparency, it maintains detailed records of Riverse Carbon Credits from issuance to retirement, thereby preventing double counting and adhering to the protocols recommended by carbon market integrity organizations.
The Impact Certification Platform: This platform streamlines the RCCs certification (validation and verification) process for Project Developers by offering tools for environmental impact assessment, documentation assembly, and simplifying validation and verification procedures. With features designed for third-party Validation and Verification Bodies (VVB), it promotes a transparent and efficient pathway for project auditing and RCC management.
Both entities are managed by the Riverse Executive Team and supported by the internal teams within Riverse.
Overview of the Riverse Organization:
Riverse Standard: Governance, roles, and responsibilities
The Riverse Standard's governance architecture is designed to ensure scientific rigor, independence and efficiency.
It is spearheaded by two principal independent entities: the Standard Advisory Board and the Technical Advisory Committee.
| Entity | Function |
|---|---|
Standard Advisory Board (SAB) | Ensures Riverse’s activity is continuously in line with its foundational mission. Provides strategic direction, endorses or vetoes amendments to the standard rules and methodologies, and recommends enhancements. |
Technical Advisory Committee (TAC) | Composed of independent experts, provides technical expertise and reviews on specific methodological aspects or project certification. |
In addition to these independent governance entities, four specialized Riverse teams are dedicated to the standard's operational execution:
| Entity | Function |
|---|---|
Executive Team | Manages the organization's day-to-day operations |
Secretariat | Compiles and synthesizes feedback and updates on standard documents, and conveys these to the Standard Advisory Board for deliberation and approval. |
Certification team | Primary point of contact for Project Developers navigating the standard processes, provides technical assistance, process guidance, feedback, and performs the final validation review. |
Climate team | Oversees the scientific approach and choices behind Riverse Standard Rules and methodologies. As GHG quantification and climate solution experts, they assist the Certification team in case of technical inquiries. |
Conflict of interest, safeguards and grievance mechanisms
All Riverse ecosystem stakeholders are contractually linked with Riverse. The following stakeholders are publicly disclosed:
Moreover, any stakeholder of Riverse’s ecosystem is under Riverse Complaints and Appeals Policy.
Finally, Riverse implements a robust Conflict of Interest Policy that sets out how the Riverse organization identifies, manages, prevents, and discloses potential or real conflicts of interest to comply with the applicable regulatory requirements and code of practices.
The following is the minimum list of stakeholders who must sign the policy:
Members of the Executive board
Members of the Secretariat, Standard Advisory Board
Members of the Climate, Certification, R&D and Partnerships teams
Members the Technical Advisory Board
VVBs
Contractors to the Riverse Standard involved in at least one of the procedures described in the Riverse Procedures Manual.
Riverse Registry
The Riverse Registry is openly accessible through Riverse’s website registry.riverse.io, and displays the following information to ensure maximum transparency and traceability of Riverse Carbon Credits:
Project information, including documentation, detailed calculations, audit/verification/monitoring statements, as well as reports and legal representations
Transparent issuance tracking, transfer and retirement/cancellation of units
Individually identified units through unique serial numbers containing sufficient information to avoid double counting (type, geography, vintage)
Unit status (issued, verified, retired, canceled), with full traceability of the chain of custody
The Riverse Registry IT security requirements are detailed in the Riverse Standard Rules Appendix 6.5.
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