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RICA

Stakeholder Governance And Ownership

This chapter defines who has rights, obligations, decision authority, and reporting responsibility. RICA projects combine community participation, commercial operation, and nature stewardship, so governance must be explicit.

Stakeholder Map

Section titled “Stakeholder Map”
StakeholderRoleLegal / Contractual BasisDecision RightsReporting Obligations
SponsorDevelops and submits the Project Information Model; coordinates financing and delivery.[Agreement or corporate record][Rights][Reports]
OperatorRuns the asset and maintains performance records.[Operating agreement][Rights][Reports]
Local participation entityHolds ownership, participation, or benefit-sharing role.[Agreement][Rights][Reports]
Stewardship entityReceives and applies residual stewardship economics.[Stewardship agreement][Rights][Reports]
Origination investorProvides or reviews project loan capital.[Financing agreement][Rights][Reports]
RICA reviewerAssesses eligibility and completeness.[Review mandate][Rights][Reports]
Atlas administratorMaintains open project account records and permissions.[Platform role][Rights][Reports]

Responsibility Matrix

Section titled “Responsibility Matrix”
ActivitySponsorOperatorCommunity EntityStewardship EntityInvestor / LenderRICA Reviewer
Project Information Model preparationAccountableConsultedConsultedConsultedInformedReviews
Asset constructionAccountableConsultedInformedInformedInformedMonitors conditions
OperationsInformedAccountableConsultedInformedMonitorsMonitors
ReportingAccountableResponsibleProvides evidenceProvides evidenceReviewsReviews
Material eventsAccountableResponsibleEscalatesEscalatesReceives noticeReviews

Decision Rights And Escalation

Section titled “Decision Rights And Escalation”
DecisionRequired ApprovalEscalation PathInvestor Notification
Change of operator[Approver][Path]Required / Not required
Major capex change[Approver][Path]Required / Not required
Stewardship distribution change[Approver][Path]Required / Not required
Covenant waiver[Approver][Path]Required / Not required

Conflicts Of Interest

Section titled “Conflicts Of Interest”

Sponsors must disclose related-party transactions, overlapping ownership, contractor affiliations, buyer relationships, land relationships, and any arrangement that could affect pricing, procurement, reporting, or stewardship decisions.