Portfolio Management: Project Selection through Ongoing Oversight
Virridy's portfolio management follows a structured two-phase process: an initial screening and onboarding phase, followed by continuous performance oversight once a project is operational.
Eligibility Criteria — Detail
- Favourable fNRB values
- Baseline cooking practices support additionality
- 100,000+ additional users reached each year
- Was clean water unavailable before the project?
- Evidence that microbially free drinking water is delivered at the household level
- Community/Household Water Supply or Treatment
- Mechanized borehole or handpump
- Preference for mechanized and distributed systems, which enable more reliable delivery and stronger MRV
- Partner able to secure national-level approval letters
- Article 6 corresponding adjustment letters obtainable
Phase 1 — Project Screening & Onboarding
- Initial eligibility screening against the five criteria above
- Due diligence calls and review of partner documentation
- In-person scoping visit by Virridy's regional team: operational assessment, infrastructure review, and water system evaluation
- Water quality testing at the point of consumption to confirm Gold Standard safety requirements are met
- Formal partnership agreement upon successful completion
Phase 2 — Ongoing Performance Oversight
- All projects are set up in mWater, Virridy's central data management and MRV platform
- Water system assets and monitoring data tracked in one place and shared with auditors in real time
- Water quality results monitored regularly, with automatic data validation and flagging
- Full audit trail of all data changes for Gold Standard compliance
- Regular project meetings (weekly calls) and in-person support during critical activities (baseline, monitoring campaigns, audits, stakeholder consultations)
Setting up a project in mWater is the first and most critical operational step after onboarding. The platform serves dual purposes: it is the primary data collection system for Gold Standard carbon credit reporting and the main tool for managing partner relationships and oversight.
Monitoring Systems: mWater and Data Collection
mWater is Virridy's primary monitoring and data management platform. It is used across all active projects to collect, validate, and report data required for Gold Standard MRV.
All project water systems and physical assets are registered and tracked in a single consolidated view.
Enumerators collect water quality data using standardized bag tests. Results are automatically generated from photos — removing manual transcription errors.
Survey locations are mapped and cross-checked. Inconsistent responses, unusual completion speeds, and outlier answers are automatically flagged for review.
Project data and audit trails are accessible to third-party verifiers (VVBs) in real time via shareable mWater console links — streamlining verification.
All data edits and changes are tracked with timestamps. This is critical for Gold Standard auditability requirements.
Virridy's regional team conducts site visits during baseline campaigns, monitoring periods, audits, and local stakeholder consultations.
Carbon Development & Carbon Market Functions
Virridy manages the full carbon project lifecycle on behalf of its partner organizations, from initial project design through credit issuance and sale. Key functions are described below.
Virridy supports partners in conducting local stakeholder consultations, establishing the baseline scenario through surveys, developing a monitoring plan, and estimating emission reductions. These project design documents are submitted to Gold Standard for review.
Virridy supports the audit of project data by an independent third-party verifier (VVB) and manages the final document review process before formally confirming the project's registration with Gold Standard.
Virridy supports project teams to collect monitoring data as specified in the approved monitoring plan — including survey design and deployment via mWater. Virridy prepares the monitoring report and the emission reduction calculation table documenting actual ERs achieved.
Monitoring reports, ER calculation tables, and supporting documentation are submitted to an independent third-party verifier. Virridy coordinates any required site visits and manages the submission process through to final credit issuance by Gold Standard.
Individual projects rarely generate credits at the scale required by buyers. Virridy aggregates credits across its portfolio, enabling sales to institutional and corporate buyers at viable volumes. Virridy manages all offtake negotiations and transactions on behalf of project partners.
Lume Sensor Projects: Additional Support
Pioneering dMRV in Safe Drinking Water Carbon Projects
Virridy has received Gold Standard approval to pilot the Lume water quality sensor within its drinking water carbon projects — making it one of the first organizations to introduce device-based digital MRV (dMRV) in this methodology category.
During the pilot phase, Virridy is actively evaluating sensor performance, data integrity, and integration with Gold Standard reporting requirements. Once the pilot is complete and Lume is formally integrated into operational projects, Virridy will provide the following additional support to project partners:
- Technical installation support — hands-on deployment assistance and integration with existing water systems
- Operational support — ongoing troubleshooting, maintenance guidance, and sensor calibration
- Personalized monitoring dashboards — each project receives a dedicated dashboard for real-time water quality tracking and MRV reporting