Standards

RICA Standards

RICA makes regenerative rural infrastructure legible to private capital. The standards define how local assets are documented, compared, financed, monitored, and reported from proposal to project loan, portfolio eligibility, and note-level disclosure.

Current standards are early-stage and will be versioned as the RICA market architecture develops.

01 Principles The guiding principles for regenerative investment in authentic inclusive climate adaptation.
02 Project development The design and operating layer that helps a project move from opportunity to financeable asset.
03 Project finance The reference tools for structuring and comparability in project lending across asset types.
04 Impact and assurance The standards for impact design and open project accounts that support verification.
05 Distribution The disclosure layer for purchase, pooling, note programs, and investor monitoring.
06 Market data The data and technology conventions that keep distributed assets visible and governable.

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Project development Stakeholder Engagement Lifecycle Defines who participates, reviews, approves, and maintains accountability from origination through reporting and remediation. In development
Project development Sponsor and Operator Qualification Standard Sets baseline expectations for governance, implementation capacity, operating controls, maintenance ability, and reporting readiness. In development
Project development Solution Framework Eligibility Guides Translates the RICA Principles into theme-specific requirements for eligible asset patterns, evidence, safeguards, metrics, and risk controls. In development
Project development Implementation Readiness Checklist Gives sponsors a practical checklist for site control, community alignment, permits, procurement, operating roles, and Project Information Model completion. In development
Impact and assurance Open Project Account Data Standard Defines the documents, evidence, GIS records, stakeholders, financial records, metrics, and material events held for each asset. In development
Project finance Reference Project Finance Model Provides a simplified underwriting model with modular assumptions for different solution frameworks and revenue or repayment profiles. In development
Project finance Reference Project Loan Term Sheet Establishes common project-loan terms for tenor, repayment structure, covenants, reserves, reporting, servicing, and material events. In development
Project finance Purchase Eligibility and Seasoning Standard Defines when a project loan becomes eligible for purchase, pooling, or investor-facing reporting based on operating history and disclosure quality. In development
Distribution Note-Level Disclosure Standard Defines the disclosure categories used for pooled project-loan exposure, note monitoring, composition reporting, and investor updates. In development
Distribution Reference RICA Notes Term Sheet Outlines a reference note structure for future pooled exposure without presenting a live investment offering. Later-stage
Market data Climate Action Frontier Maps Uses country-level data layers to identify where adaptation assets may be most relevant, financeable, and strategically useful. In development
Impact and assurance Evidence Quality Tiers Distinguishes self-reported, platform-reviewed, third-party verified, and audited evidence so market participants can compare assurance levels. In development
Market data Atlas Permissions and Audit-Trail Standard Defines access roles, record updates, reviewer actions, versioning, and retention conventions for the Atlas operating record. In development