Validation and Verification Body (VVB)is a juristic person who is responsible for validation and verification of Premium T-VER project. A VVB shall have the following qualifications according to the announcement of the Board of Directors of TGO. Details are as follows.
A juristic person submits an application form for designation as a VVB and supporting documents according to the announcement to TGO. TGO conducts a preliminary review, considering the completeness of all documents. If not complete, TGO will notify the juristic person to submit additional documents or evidences.
TGO reviews the correctness of the documents to determine whether it meets the criteria fordesignation as a VVB. If there is a lack of important information, TGO will inform the juristic person to submit additional documents or evidences.
TGO presents details of the application to the Subcommittee on Consideration of GHG Mitigation Projects and Activities. The recommendations of the subcomittee will be proposed to the Board of Directors of TGO for approval.
TGO notifies the juristic person of the result of consideration.
The VVB is valid for three years from the date of the Board of Directors of TGO for approval.