Reference

Key Terms

Crediting Period

A 5-year timeframe during which a project can generate carbon credits. At the end of each crediting period, projects undergo a renewal process to demonstrate continued eligibility for the next period.

Validation

An independent assessment by a Validation and Verification Body (VVB) confirming that the project design, baseline, and methodology conform to the applicable standard (ISO 14064-2 / ICR / TGSM) before a crediting period begins.

Verification

An independent assessment by a VVB after project activities have occurred, auditing monitoring data and confirming that quantified emission reductions meet the requirements of the applicable standard. Successful verification results in the issuance of Verified (Ex-Post) carbon credits.

Monitoring Period

A specified timeframe during which the project proponent collects and documents data on project activities and emission reductions. The monitoring report produced at the end of this period is submitted for verification.

Transition Finance Statement

An annual public disclosure of how carbon asset sale proceeds are allocated, first released by May 31, 2027 and published annually by May 31 thereafter. Published even in years with no sales.

Reading This Calendar

Date Display: Standalone dates indicate Theaus Carbon submissions that do not require third-party consultation. Events requiring third-party consultation show a Start date and Target Completion date.

Target Dates: The Transition Finance Statement is first released by May 31, 2027 and published annually by May 31 thereafter.


Overview

Milestones & Upcoming Events

CCA1 was completed first under ISO-aligned verification while ICR registration was pursued for CCA2; public materials now present CCA2, the ICR project, to avoid market confusion.

Current Status

ReceivedVVR from Carbon Check per ICR standards

Upcoming Events

Target Q3 2026ICR Listing, WSCIO-CCA2
May 31, 2027Transition Finance Statement

Ongoing

Recurring Disclosures

DisclosureFrequencyDescription
Transition Finance StatementAnnualAn annual public disclosure of how carbon asset sale proceeds are allocated, first released by May 31, 2027 and published annually by May 31 thereafter. Published even in years with no sales.
Stewardship FrameworkAnnualPublished only if amendments are made following annual Board review.
Project VerificationAt crediting period transitions/renewalsIndependent third-party verification of emission reductions by an ISO 14065:2020 accredited verification body.

Governance

Stewardship Framework

The Theaus Global Stewardship Framework governs how carbon asset proceeds are allocated, how Indigenous participation is structured, and how long-term obligations are maintained across the platform.

View Stewardship Framework (PDF)

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