Frequently Asked Questions

veritree goes beyond simply allocating money. We work closely with the local communities to showcase the immense value newly planted forests bring to their families. Through education and by involving them in the monitoring and reporting process, we find local communities quickly develop a deep sense of ownership and pride over their trees, leading to effective management over the long-term, keeping forests not just alive, but keeping them thriving.

veritree works with planting organizations across the globe to verify their restorative actions. Take a look at our Impact Portfolio for a breakdown of the locations and types of projects we are partnering on. The veritree platform was built to be easily used by any planting organization looking to develop, operate, and scale High-quality Nature-based Solution projects. Our ground-level monitoring tools enable any planting organizations in any location in the world to scale Nature-Based Solutions and allocate their trees to corporate partners and donors.

veritree was created to make investing in nature reliable and simple. veritree is a data-driven, restorative platform that connects nature-based solutions with mission-driven companies ready to lead the restorative economy. With on-the-ground monitoring and data verification and storage through application of blockchain technology, veritree improves transparency and trust through data and tools that revitalize ecosystems, strengthen communities, and build climate solutions. The success behind tentree's planting program, veritree scales consumer-centric programs between planting organizations and corporations around the world. veritree's mission is to restore the planet - planting and verifying one billion trees within the decade. For more information, visit veritree.com.

veritree is a for-profit business. We work with planting organizations across the globe to fund the purchase of seeds, operate nurseries, conduct planting work, provide training to the local farmers, and protect the planting site to ensure high survival rate.

'Nature-Based Solutions’ is a technical term that simply describes an action that results in either avoided deforestation or enhancing a carbon sink through reforestation or ecosystem restoration. According to analysis by the World Economic Forum and McKinsey, Nature-Based Solutions are a cost-effective means to deliver up to one-third of the emissions reduction needed by 2030 as part of the net zero transition to achieve a 2-degree pathway. Moreover, investment in Nature-Based Solutions, when done well, can accrue co-benefits that help address other societal challenges while being good for business, people, and nature. However, when done badly, the investment may do more harm than good.

Let’s start off by acknowledging that carbon accounting is extremely challenging and accounting for carbon sinks is still an evolving practice! Our current estimates are based upon averages derived from a cross-section of studies conducted on mangrove ecosystems in equatorial regions focusing on countries in Southeast Asia and Africa, and Acadian ecosystems in Eastern Canada. The following variables are taken into consideration when we estimate carbon sequestration rate: i) species planted (including maturity age of the tree species), ii) forest type, iii) region, and iv) average tree survivability. Based on these variables, carbon sequestration is first calculated at the hectare level and includes above ground carbon (leaves, plant biomass, stumps, etc.), below ground carbon (roots, debris, etc.), and soil carbon (carbon that has been affixed to the soil). Carbon sequestration estimates are then quantified at the per tree level based on forecasted planting densities. When primary data are not available, as a general rule of thumb, veritree uses a conservative set of secondary data, proxy data or assumptions to ensure that we are not overestimating the carbon sequestration rate resulted from our projects. Moreover, we use data collected at the site-level to validate or adjust our estimations and we will continue to improve our estimation method through building partnership with academics in this space. It is also important to note that veritree currently does not offer carbon credits as part of our service due to uncertainties around carbon credits and accounting of carbon sinks. While we have referenced credible academic papers to arrive at our best estimate of carbon sequestration resulting from our project portfolio, we acknowledge there are limitations and uncertainties based on our current estimation methodology. As such, we will continue to improve our estimation method through building partnership with academics in this space. Source: Jones, Trevor G., Harifidy Rakoto Ratsimba, Lalao Ravaoarinorotsihoarana, Garth Cripps, and Adia Bey. "Ecological variability and carbon stock estimates of mangrove ecosystems in northwestern Madagascar." Forests 5, no. 1 (2014): 177-205. Benson, Lisa, et al. Mangrove Carbon Stocks and Ecosystem Cover Dynamics in Southwest Madagascar and the Implications for Local Management, Multidisciplinary Digital Publishing Institute, 31 May 2017, https://www.mdpi.com/1999-4907/8/6/190/pdf.

Additionality and permanence are critical to ensuring we are actually having an impact (not just doing something that would have happened anyway), and that the impact we have is long lasting. To ensure additionality, we collaborate with both corporate partners and local planting partners from tree order to tree planting and beyond to ensure a seamless process that creates new carbon sinks that otherwise would not have been planted. To ensure permanence, veritree gathers on-the-ground monitoring to ensure trees remain in the ground. Part of the tree planting funding goes towards protection (from animals and human intervention) and by year 5 and onward, remote sensing (e.g. satellite imagery) is incorporated to monitor the long-term growth of the forest.

veritree is a platform that provides registered users with access to integrated planting and reforestation verification and tracking tools to manage projects, share and publicize planting and reforestation initiatives and view planting and reforestation initiatives of other users. We also offer Veritree Collect, a service for organizational users who wish to use our veritree collect technology with third parties (eg. tree planting organizations) in order to track and monitor donations made.

Subject to agreement to our Terms of Service and Privacy Policy, veritree may be used by the following persons: - members of the public may browse publicly available content on the platform - persons who have been given log-in credentials to access personalized and other content on the platform (eg. Impact Hub and Impact Wallet users). - Organizations and their users who may receive access to a variety of free and paid features such as a customized Impact Hub, tree ordering, project management, content management and Restorative Products. These users may be consumers, tree planting organizations and other end users.

Fees depend on service modules/specific products selected and may include recurring fees under a subscription model, implementation and set up fees and one-off fees. Currently the following applies but veritree reserves the right to modify or make updates in accordance with our Terms of Service: Platform: there is no Platform-access fee payable for creating an account with veritree. Impact Wallet: access is provided at no separate cost to end users but organizations offering Impact Wallet on a subscription basis to customers and other end users will be required to pay the fees agreed in a Sales Order Form to enable and maintain access by the organization and its users. Impact Hub: organizations will be provided with access to their own Impact Hub as part of a bundled cost for the purchase of Restorative Products. Veritree Collect: pricing will be specified on the Sales Order Form and will include a one-time implementation fee and a per unit fee invoiced on a monthly basis. Restorative Products: fees are calculated in outline as follows but please refer to your sales order form for precise pricing: Restorative Event; Restorative Commerce. Fees will depend on your Objective commitments and will be set out in the applicable Sales Order Form. Restorative Workforce. Fees will depend on the Restorative Workforce subscription you select and the number of employees that you would like to include in your applicable subscription. When you change your Restorative Workforce subscription, the new Fees will be effective on the first day of the subsequent billing cycle.

Termination rights vary according to whether you are a paid or free user and whether you have signed up to one-time or subscription-based products/services. More specifically, users of Impact Wallet and any free or public sections of the Platform can simply discontinue use. Restorative Products and other paid-products/services may be terminated in accordance with the terms of the Sales Order Form and currently fall into the following categories: Restorative Workforce. Restorative Workforce is a subscription product and the subscription will continue indefinitely until terminated in accordance with the Terms of Service. Restorative Events; Restorative Commerce. Subject to any specific terms and conditions on your Sales Order Form, You may cancel your Objective commitment by reaching out to your designated veritree contact, as set out on your Sales Order Form. Early termination of Restorative Event or Restorative Commerce services will be subject to any terms and conditions set out on your Sales Order Form. Note that Upon termination or expiration of a Restorative Event or Restorative Commerce commitment, your Impact Hub will remain accessible for up to eighteen (18) months following the date of termination of expiration.

Billing frequency and timing of invoices depends on the product(s) you have ordered. In outline the following applies to our core Restorative Products: - Restorative Event. Upon entering into a Sales Order Form detailing your Objective and the respective Fees, you will be invoiced at the end of the month of your Restorative Event. Unless otherwise indicated in a Sales Order Form, invoiced Fees are due upon receipt of invoice. - Restorative Commerce. Upon entering into a Sales Order Form detailing your Objective and the respective Fees, you will be invoiced monthly for Fees incurred for your respective Objective. Unless otherwise indicated in a Sales Order Form, invoiced Fees are due upon receipt of invoice. - Restorative Workforce. Fees for Restorative Workforce require a valid credit card and are billed monthly on the first day of the subscription period. You will be responsible for maintaining accurate payment information and notifying us of any changes to your payment information. We use Stripe, a third-party payment processor, to process Fees for Restorative Workforce subscriptions. No refunds or credits apply to any subscription fees including Restorative Workforce subscription Fees. -