Article 3 of the Articles of Association

The purpose of the Association is to be an independent, not-for-profit organisation dedicated to the development and establishment of effective processes and criteria for and related to the validation and verification of emission reduction and carbon removal projects and to represent the members at relevant regulatory bodies ruling voluntary or mandatory certification schemes, such as those of the United Nations Framework Convention on Climate Change (UNFCCC), but also other Greenhouse Gas (“GHG”) programmes that accept either UNFCCC accredited bodies or bodies accredited according to relevant ISO standards referring to GHG validation or verification services (ISO 17029 in connection with ISO14064 part 2).

In collaboration with its members, the Association will:

• Be a forum for mediation and communication between members and scheme owners, UNFCCC bodies, governments, non-governmental and business associations and the general public on issues relating to the purpose of the Association;

• Be a forum for communication on experiences related to the purpose of the Association;

• Be active to put in place a robust and reliable legal basis for validation and verification services in the voluntary and regulated framework

• Foster close links with other bodies which have responsibilities and/or expertise that are relevant to the Association’s purpose, including but not limited to governments, non-governmental and business organisations;

• Do all such other lawful things as may be incidental or conducive to the purpose of the Association and/or shall further the above objectives or any of them;

• Not to exercise any profit making activity;

Members will not engage in activities that are in breach of competition laws, including the activities set out in Annex 2