The standard requires the project to publish clear and accessible annual reports. These reports should describe the progress of the project, social performance indicators, any conflict resolution occurrence and outcomes, carbon stock monitoring activities, biodiversity monitoring activities, monitoring reports, resources deployed into the project and the number of Natural Capital Credits issued and sold.
Annual reports should also clearly detail the quantification of carbon benefits and biodiversity rating and describing monitoring and implementation activities, social impacts and general progress of the project. Annual reports should describe the progression that a project has made while also demonstrating that the project remains active.
All active NFS projects must submit annual reports to the NFS Secretariat no later than 12 months after the reporting period ends. Annual project reports shall be made publically available on the NFS Project Index.
The NFS Guidance for Annual Reporting document provides further details regarding the submission requirements for project reporting. A recommended Annual Report template is also available to download.