Oslo: The Clean Development Mechanism (CDM) Executive Board has temporarily suspended DNV’s accreditation for validation and verification of CDM projects. DNV is addressing the issues raised by the CDM Executive Board, and expects that the temporary suspension may affect only a limited number of ongoing projects.

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Henrik O. Madsen.
DNV’s CEO Henrik O. Madsen.

DNV was one of the first two organisations to be accredited according to the CDM, and has so far validated close to 50 % of the registered projects worldwide.

“Based on our extensive experience with more than 40 accreditation bodies worldwide for more than 20 years, we are surprised that the CDM Executive Board decided to temporarily suspend our accreditation for validation and verification of CDM projects based on the findings in a spot check audit made early November,” says DNV’s CEO Henrik O. Madsen. “We acknowledge and accept that we have to improve in some areas, but in our opinion a temporary suspension is a strong reaction by the CDM Executive Board.”

The non-conformities mainly relate to DNV’s practices for internal audits, and how DNV documents the allocation of specific competencies to the projects and refer to emerging requirements for allocating competencies. DNV has already been adapting to the new requirements and will now accelerate this process.

Will allocate the best resources
“We will do our utmost to regain our accreditation as quickly as possible. This will presumably take 1 to 2 months, depending on the schedule of the CDM Executive Board, and the formal procedures,” says Henrik O.Madsen.

In the meantime, the validation and verification project work for ongoing projects will continue as usual, except for the fact that no projects can be filed for registration by the CDM Executive Board and DNV cannot request issuance of certified emission reductions. This means that some of DNV’s customers may have to wait some weeks longer than expected for their projects’ formal validation and verification procedures. DNV is not in a position to take on new projects as long as the suspension is valid.

“We are contacting our customers and explaining the situation to them. We strongly regret the situation that has occurred. We are doing our utmost to rectify matters as soon as possible,” says CEO Henrik O. Madsen.

For more information, contact Head of Corporate Communications, Tore Høifødt.
Tel. Office +47 67 57 93 84 / Mobile +47 90 60 26 94.