Sylvera Ratings Disclaimer
Last updated: 21 February 2025
Sylvera Limited and its affiliates (together, “Sylvera”) provide ratings, estimated ratings, provisional ratings and other information relating to carbon credit issuing and pre-issuance projects. Sylvera’s Ratings, Estimated Ratings and Provisional Ratings (together “Rating Products”) are indications of the likelihood that the claimed carbon impact of a project is a true representation of its real impact. Sylvera also provides assessments, screenings, reports, and ongoing monitoring of pre-issuance projects, which vary in depth and intended purpose (together “Pre-Issuance Deliverables”, and together with Rating Products, “Opinions”). As part of, or independently of an Opinion, Sylvera also provides other information, including narrative, analytical and geospatial assessment of, and information relating to, specific aspects of a project or Opinion, as well as profiles and risk assessments of individual host countries (the “Data”). In addition, Sylvera provides data and analytics products to allow the comparison of portfolios of carbon credits (including by reference to other data, such as greenhouse gas emissions), (the “Data Products”).
Opinions are, and will be construed solely as, a statement of opinion on the carbon impact of a project at a certain point in time, and not statements of current or historical fact, investment or financial advice, endorsements or criticisms of any project, nor recommendations to take or not take a particular action by Sylvera or its directors, employees, contractors, agents or shareholders (collectively, the “Sylvera Parties”). Rating Products are expressed in relative rank order, which is to say they are ordinal measures of the expected carbon impact and are not predictive of a specific outcome. Opinions do not address any other risk or assessment, including but not limited to market value risk or price volatility, and do not take account of any objectives or requirements of a user (a “User”). In addition, while Opinions may make reference to project proponents, they do not include “know-your-customer” checks on any project proponent(s) and Users are advised to conduct such checks on all transaction counterparties prior to purchasing any credits. Opinions are the collective work product of Sylvera, and no individual, or group of individuals, is solely responsible for an Opinion. Opinions are not facts and, therefore, cannot be described as being "accurate" or "inaccurate."
Each User will, with due care, make their own study and evaluation of a project before taking any decisions or actions, and nothing provided by the Sylvera Parties should be a substitute for the exercise of independent judgement, skill and expertise by a User, and will take any investment decision solely at its own risk. Equally, each User is responsible for the conclusions that it draws from any use of the Data, Opinions or Data Products, and acknowledges that, by providing Data, Opinions and Data Products, Sylvera is not expressing any judgement or opinion, nor providing any advice. Furthermore, Pre-Issuance Deliverables and Estimated Ratings will always be superseded by a Rating, and do not in any way represent a guarantee of the Rating that a Project will receive. By accessing a Pre-Issuance Deliverable or an Estimated Rating, each User confirms that it has acknowledged, and understands, the distinctions between Ratings, Pre-Issuance Deliverables and Estimated Ratings.
Sylvera adopts all reasonable measures to ensure the information that it relies upon or makes available is of sufficient quality and from sources that Sylvera considers to be reliable and/or independent. Notwithstanding, Sylvera cannot independently verify or validate all of the information used or made available. As a result of the possibility of human, technical and/or other error, all information is provided on an “as is” basis without representation or warranty of any kind, express or implied by the Sylvera Parties. Each User agrees that no oral or written information given by Sylvera Parties in respect of the Data, an Opinion, or its Data Products shall constitute a representation or a warranty. The Sylvera Parties make no guarantee of accuracy, completeness, timeliness, or availability. THE SYLVERA PARTIES EXPRESSLY DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE DATA OR DATA PRODUCTS' FUNCTIONING WILL BE UNINTERRUPTED OR THAT THE DATA OR DATA PRODUCTS WILL OPERATE WITH ANY SOFTWARE OR HARDWARE CONFIGURATION. In no event shall a Sylvera Party be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs or losses caused by negligence) in connection with any use of the Opinions, Data or Data Products even if advised of the possibility of such damages.
The Data, Opinions and/or Data Products may include inaccuracies or typographical errors, and there may be times when the Data, Opinions and/or Data Products are unavailable. Sylvera has no obligation to keep the Data, Opinions and/or Data Products updated, but Sylvera may make modifications and/or changes to the Data, Opinions, and/or Data Products at any time, for any reason, and the User assumes the sole risk of making use of / relying on the Data, Opinions and/or Data Products. The Sylvera Parties shall not be responsible for any errors or omissions (negligent or otherwise).
Opinions, Data and Data Products are not intended for use by any person as a benchmark, as that term is defined for regulatory purposes, and must not be used in a way that could result in them being considered a benchmark except with Sylvera’s express written agreement. In particular, Opinions, Data and Data Products are not intended, and should not be used to, provide advice or recommendations, or influence any decision in respect of, any specified investment (as that term is defined in The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001).
Sylvera has not consented to being named an “expert” or any similar designation under applicable securities laws.
Sylvera may receive compensation for its Opinions, Data and/or Data Products, normally from purchasers of carbon credits or market operators. Sylvera reserves the right to disseminate its opinions and analyses.
All information contained on this website (“Site”), unless otherwise indicated, is protected by law, including but not limited to, copyright, trade secret, database right and trademark law. This Site and all information contained are the exclusive property of Sylvera or its licensors and, except as expressly provided herein or agreed separately, Sylvera does not grant any express or implied right in the information to you. You may not use scraping tools or other computer automation to copy or extract any information contained on this Site for any purpose. Sylvera owns the copyright in the Site as a collective work and/or compilation, as well as any and all databases accessible on the Site. “Sylvera” and all other names, logos and icons identifying Sylvera and/or Sylvera’s products and services are proprietary marks of Sylvera. Third-party trademarks displayed on the Site are the property of their respective owners.
Opinions are, and will be construed solely as, a statement of opinion on the carbon impact of a project at a certain point in time, and not statements of current or historical fact, investment or financial advice, endorsements or criticisms of any project, nor recommendations to take or not take a particular action by Sylvera or its directors, employees, contractors, agents or shareholders (collectively, the “Sylvera Parties”). Ratings are expressed in relative rank order, which is to say they are ordinal measures of the expected carbon impact and are not predictive of a specific outcome. Opinions do not address any other risk or assessment, including but not limited to market value risk or price volatility, and do not take account of any objectives or requirements of a user (a “User”). Opinions are the collective work product of Sylvera, and no individual, or group of individuals, is solely responsible for a rating. Opinions are not facts and, therefore, cannot be described as being "accurate" or "inaccurate."
Each User will, with due care, make their own study and evaluation of a project before taking any decisions or actions, and nothing provided by the Sylvera Parties should be a substitute for the exercise of independent judgement, skill and expertise by a User, and will take any investment decision solely at its own risk. Equally, each User is responsible for the conclusions that it draws from any use of the Data Products, and acknowledges that, by providing the Data Products, Sylvera is not expressing any judgement or opinion, nor providing any advice.
Sylvera adopts all reasonable measures to ensure the information that it relies upon or makes available is of sufficient quality and from sources that Sylvera considers to be reliable and/or independent. Notwithstanding, Sylvera cannot independently verify or validate all of the information used or made available. As a result of the possibility of human, technical and/or other error, all information is provided on an “as is” basis without representation or warranty of any kind, express or implied by the Sylvera Parties. Each User agrees that no oral or written information given by Sylvera Parties in respect of the Data, an Opinion, or its Data Products shall constitute a representation or a warranty. The Sylvera Parties make no guarantee of accuracy, completeness, timeliness, or availability. THE SYLVERA PARTIES EXPRESSLY DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE DATA OR DATA PRODUCTS' FUNCTIONING WILL BE UNINTERRUPTED OR THAT THE DATA OR DATA PRODUCTS WILL OPERATE WITH ANY SOFTWARE OR HARDWARE CONFIGURATION. In no event shall a Sylvera Party be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs or losses caused by negligence) in connection with any use of the Opinions, Data or Data Products even if advised of the possibility of such damages.
The Data, Opinions and/or Data Products may include inaccuracies or typographical errors, and there may be times when the Data, Opinions and/or Data Products are unavailable. Sylvera has no obligation to keep the Data, Opinions and/or Data Products updated, but Sylvera may make modifications and/or changes to the Data, Opinions, and/or Data Products at any time, for any reason, and the User assumes the sole risk of making use of / relying on the Data, Opinions and/or Data Products. The Sylvera Parties shall not be responsible for any errors or omissions (negligent or otherwise).
The Ratings are not intended for use by any person as a benchmark, as that term is defined for regulatory purposes, and must not be used in a way that could result in them being considered a benchmark except with Sylvera’s express written agreement.
Sylvera has not consented to being named an “expert” or any similar designation under applicable securities laws.
Sylvera may receive compensation for its Opinions, Data and/or Data Products, normally from purchasers of carbon credits or market operators. Sylvera reserves the right to disseminate its opinions and analyses.
All information contained on this website (“Site”), unless otherwise indicated, is protected by law, including but not limited to, copyright, trade secret, database right and trademark law. This Site and all information contained are the exclusive property of Sylvera or its licensors and, except as expressly provided herein or agreed separately, Sylvera does not grant any express or implied right in the information to you. You may not use scraping tools or other computer automation to copy or extract any information contained on this Site for any purpose. Sylvera owns the copyright in the Site as a collective work and/or compilation, as well as any and all databases accessible on the Site. “Sylvera” and all other names, logos and icons identifying Sylvera and/or Sylvera’s products and services are proprietary marks of Sylvera. Third-party trademarks displayed on the Site are the property of their respective owners.
Opinions are, and will be construed solely as, a statement of opinion on the carbon impact of a project at a certain point in time, and not statements of current or historical fact, investment or financial advice, endorsements or criticisms of any project, nor recommendations to take or not take a particular action by Sylvera or its directors, employees, contractors, agents or shareholders (collectively, the “Sylvera Parties”). Rating Products are expressed in relative rank order, which is to say they are ordinal measures of the expected carbon impact and are not predictive of a specific outcome. Opinions do not address any other risk or assessment, including but not limited to market value risk or price volatility, and do not take account of any objectives or requirements of a user (a “User”). In addition, while Opinions may make reference to project proponents, they do not include “know-your-customer” checks on any project proponent(s) and Users are advised to conduct such checks on all transaction counterparties prior to purchasing any credits. Opinions are the collective work product of Sylvera, and no individual, or group of individuals, is solely responsible for an Opinion. Opinions are not facts and, therefore, cannot be described as being "accurate" or "inaccurate."
Each User will, with due care, make their own study and evaluation of a project before taking any decisions or actions, and nothing provided by the Sylvera Parties should be a substitute for the exercise of independent judgement, skill and expertise by a User, and will take any investment decision solely at its own risk. Equally, each User is responsible for the conclusions that it draws from any use of the Data, Opinions or Data Products, and acknowledges that, by providing Data, Opinions and Data Products, Sylvera is not expressing any judgement or opinion, nor providing any advice. Furthermore, Pre-Issuance Deliverables and Estimated Ratings will always be superseded by a Rating, and do not in any way represent a guarantee of the Rating that a Project will receive. By accessing a Pre-Issuance Deliverable or an Estimated Rating, each User confirms that it has acknowledged, and understands, the distinctions between Ratings, Pre-Issuance Deliverables and Estimated Ratings.
Sylvera adopts all reasonable measures to ensure the information that it relies upon or makes available is of sufficient quality and from sources that Sylvera considers to be reliable and/or independent. Notwithstanding, Sylvera cannot independently verify or validate all of the information used or made available. As a result of the possibility of human, technical and/or other error, all information is provided on an “as is” basis without representation or warranty of any kind, express or implied by the Sylvera Parties. Each User agrees that no oral or written information given by Sylvera Parties in respect of the Data, an Opinion, or its Data Products shall constitute a representation or a warranty. The Sylvera Parties make no guarantee of accuracy, completeness, timeliness, or availability. THE SYLVERA PARTIES EXPRESSLY DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE DATA OR DATA PRODUCTS' FUNCTIONING WILL BE UNINTERRUPTED OR THAT THE DATA OR DATA PRODUCTS WILL OPERATE WITH ANY SOFTWARE OR HARDWARE CONFIGURATION. In no event shall a Sylvera Party be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs or losses caused by negligence) in connection with any use of the Opinions, Data or Data Products even if advised of the possibility of such damages.
The Data, Opinions and/or Data Products may include inaccuracies or typographical errors, and there may be times when the Data, Opinions and/or Data Products are unavailable. Sylvera has no obligation to keep the Data, Opinions and/or Data Products updated, but Sylvera may make modifications and/or changes to the Data, Opinions, and/or Data Products at any time, for any reason, and the User assumes the sole risk of making use of / relying on the Data, Opinions and/or Data Products. The Sylvera Parties shall not be responsible for any errors or omissions (negligent or otherwise).
Opinions, Data and Data Products are not intended for use by any person as a benchmark, as that term is defined for regulatory purposes, and must not be used in a way that could result in them being considered a benchmark except with Sylvera’s express written agreement. In particular, Opinions, Data and Data Products are not intended, and should not be used to, provide advice or recommendations, or influence any decision in respect of, any specified investment (as that term is defined in The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001).
Sylvera has not consented to being named an “expert” or any similar designation under applicable securities laws.
Sylvera may receive compensation for its Opinions, Data and/or Data Products, normally from purchasers of carbon credits or market operators. Sylvera reserves the right to disseminate its opinions and analyses.
All information contained on this website (“Site”), unless otherwise indicated, is protected by law, including but not limited to, copyright, trade secret, database right and trademark law. This Site and all information contained are the exclusive property of Sylvera or its licensors and, except as expressly provided herein or agreed separately, Sylvera does not grant any express or implied right in the information to you. You may not use scraping tools or other computer automation to copy or extract any information contained on this Site for any purpose. Sylvera owns the copyright in the Site as a collective work and/or compilation, as well as any and all databases accessible on the Site. “Sylvera” and all other names, logos and icons identifying Sylvera and/or Sylvera’s products and services are proprietary marks of Sylvera. Third-party trademarks displayed on the Site are the property of their respective owners.
Opinions are, and will be construed solely as, a statement of opinion on the carbon impact of a project at a certain point in time, and not statements of current or historical fact, investment or financial advice, endorsements or criticisms of any project, nor recommendations to take or not take a particular action by Sylvera or its directors, employees, contractors, agents or shareholders (collectively, the “Sylvera Parties”). Ratings are expressed in relative rank order, which is to say they are ordinal measures of the expected carbon impact and are not predictive of a specific outcome. Opinions do not address any other risk or assessment, including but not limited to market value risk or price volatility, and do not take account of any objectives or requirements of a user (a “User”). Opinions are the collective work product of Sylvera, and no individual, or group of individuals, is solely responsible for a rating. Opinions are not facts and, therefore, cannot be described as being "accurate" or "inaccurate."
Each User will, with due care, make their own study and evaluation of a project before taking any decisions or actions, and nothing provided by the Sylvera Parties should be a substitute for the exercise of independent judgement, skill and expertise by a User, and will take any investment decision solely at its own risk. Equally, each User is responsible for the conclusions that it draws from any use of the Data Products, and acknowledges that, by providing the Data Products, Sylvera is not expressing any judgement or opinion, nor providing any advice.
Sylvera adopts all reasonable measures to ensure the information that it relies upon or makes available is of sufficient quality and from sources that Sylvera considers to be reliable and/or independent. Notwithstanding, Sylvera cannot independently verify or validate all of the information used or made available. As a result of the possibility of human, technical and/or other error, all information is provided on an “as is” basis without representation or warranty of any kind, express or implied by the Sylvera Parties. Each User agrees that no oral or written information given by Sylvera Parties in respect of the Data, an Opinion, or its Data Products shall constitute a representation or a warranty. The Sylvera Parties make no guarantee of accuracy, completeness, timeliness, or availability. THE SYLVERA PARTIES EXPRESSLY DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE DATA OR DATA PRODUCTS' FUNCTIONING WILL BE UNINTERRUPTED OR THAT THE DATA OR DATA PRODUCTS WILL OPERATE WITH ANY SOFTWARE OR HARDWARE CONFIGURATION. In no event shall a Sylvera Party be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs or losses caused by negligence) in connection with any use of the Opinions, Data or Data Products even if advised of the possibility of such damages.
The Data, Opinions and/or Data Products may include inaccuracies or typographical errors, and there may be times when the Data, Opinions and/or Data Products are unavailable. Sylvera has no obligation to keep the Data, Opinions and/or Data Products updated, but Sylvera may make modifications and/or changes to the Data, Opinions, and/or Data Products at any time, for any reason, and the User assumes the sole risk of making use of / relying on the Data, Opinions and/or Data Products. The Sylvera Parties shall not be responsible for any errors or omissions (negligent or otherwise).
The Ratings are not intended for use by any person as a benchmark, as that term is defined for regulatory purposes, and must not be used in a way that could result in them being considered a benchmark except with Sylvera’s express written agreement.
Sylvera has not consented to being named an “expert” or any similar designation under applicable securities laws.
Sylvera may receive compensation for its Opinions, Data and/or Data Products, normally from purchasers of carbon credits or market operators. Sylvera reserves the right to disseminate its opinions and analyses.
All information contained on this website (“Site”), unless otherwise indicated, is protected by law, including but not limited to, copyright, trade secret, database right and trademark law. This Site and all information contained are the exclusive property of Sylvera or its licensors and, except as expressly provided herein or agreed separately, Sylvera does not grant any express or implied right in the information to you. You may not use scraping tools or other computer automation to copy or extract any information contained on this Site for any purpose. Sylvera owns the copyright in the Site as a collective work and/or compilation, as well as any and all databases accessible on the Site. “Sylvera” and all other names, logos and icons identifying Sylvera and/or Sylvera’s products and services are proprietary marks of Sylvera. Third-party trademarks displayed on the Site are the property of their respective owners.
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