BeZero Carbon: Pioneering the Future of Carbon Ratings
January 17, 2025, 3:33 pm
Location: United Kingdom, England, London
Employees: 11-50
Founded date: 2014
In a world grappling with climate change, BeZero Carbon emerges as a beacon of hope. This London-based ratings agency has just secured €31 million in a Series C funding round, pushing its total funding to over $104 million. The stakes are high, and the implications are profound. BeZero is not just another player in the carbon market; it’s a game-changer.
Founded in 2020, BeZero Carbon specializes in evaluating carbon credits. Think of it as a credit rating agency, but for carbon projects. Its mission? To provide independent assessments that gauge the effectiveness of carbon credits in reducing CO2 emissions. This is crucial in a landscape where the credibility of carbon markets is often questioned.
The company employs a robust analytical framework. It assesses carbon projects across various risk factors, assigning ratings on a seven-point scale from AAA+ to A. This meticulous approach has transformed the carbon credit landscape. In 2022, there was little correlation between a project’s climate impact and the price of its carbon credits. Fast forward to 2025, and each notch up BeZero’s rating scale commands a 40% price premium. This shift underscores the growing importance of reliable ratings in the carbon market.
BeZero’s reach is impressive. It serves clients in over 30 countries and has ratings available on more than 40 platforms, including Bloomberg. Its database includes over 480 carbon credit projects, catering to more than 100 corporate subscribers, such as UBS and Equinor. This extensive network highlights BeZero’s pivotal role in shaping the future of carbon markets.
The recent funding round was led by GenZero, a Singapore-based investment firm focused on decarbonization. Other notable investors include Japan Airlines and the Translink Innovation Fund. This influx of capital will enable BeZero to expand its ratings coverage, particularly in compliance carbon markets like Article 6 and CORSIA. The goal is clear: to enhance the integrity and transparency of carbon markets.
As the world shifts towards net-zero emissions, the demand for reliable carbon ratings will only grow. Countries and organizations are increasingly turning to carbon markets as a means to achieve their climate goals. BeZero’s ratings provide the necessary assurance that these markets can deliver real climate benefits. The company’s CEO, Tommy Ricketts, emphasizes that the funds will sustain their pace of innovation and expand their coverage. This is not just about growth; it’s about fostering trust in a market that desperately needs it.
The implications of BeZero’s work extend beyond corporate clients. A thriving carbon market could support 17 million jobs globally, surpassing the current oil and gas industry. This potential for job creation is a powerful motivator for governments and organizations to invest in carbon markets. BeZero’s ratings are a critical piece of this puzzle, providing the transparency needed to attract investment.
Moreover, the company is committed to leveraging technology. BeZero plans to invest in automation and AI techniques to enhance its rating processes. This technological edge will allow for more efficient data analysis and risk assessment, ensuring that the ratings remain accurate and relevant in a rapidly evolving market.
The collaboration with Japan Airlines exemplifies the growing intersection between carbon ratings and corporate sustainability efforts. Japan Airlines is actively implementing emission reduction strategies, including upgrading to fuel-efficient aircraft and utilizing Sustainable Aviation Fuel (SAF). By partnering with BeZero, the airline aims to enhance its carbon credit trading efforts and contribute to broader societal CO2 reduction goals.
The carbon market is often likened to the Wild West—unregulated and fraught with uncertainty. BeZero aims to bring order to this chaos. By providing standardized assessments of carbon projects, it fosters greater confidence among investors and market participants. This is essential for catalyzing the capital needed to drive meaningful climate action.
As BeZero continues to expand its influence, it is poised to play a pivotal role in the maturation of carbon markets. The company’s ratings are becoming integral to the infrastructure of these markets, guiding investment decisions and shaping corporate strategies. In a world where every ton of CO2 counts, BeZero’s work is more important than ever.
In conclusion, BeZero Carbon is not just a ratings agency; it’s a catalyst for change. With its recent funding, the company is set to enhance its offerings and solidify its position in the carbon market. As the world races towards net-zero emissions, BeZero’s ratings will serve as a compass, guiding organizations and governments in their climate journeys. The future of carbon markets is bright, and BeZero is leading the charge.
Founded in 2020, BeZero Carbon specializes in evaluating carbon credits. Think of it as a credit rating agency, but for carbon projects. Its mission? To provide independent assessments that gauge the effectiveness of carbon credits in reducing CO2 emissions. This is crucial in a landscape where the credibility of carbon markets is often questioned.
The company employs a robust analytical framework. It assesses carbon projects across various risk factors, assigning ratings on a seven-point scale from AAA+ to A. This meticulous approach has transformed the carbon credit landscape. In 2022, there was little correlation between a project’s climate impact and the price of its carbon credits. Fast forward to 2025, and each notch up BeZero’s rating scale commands a 40% price premium. This shift underscores the growing importance of reliable ratings in the carbon market.
BeZero’s reach is impressive. It serves clients in over 30 countries and has ratings available on more than 40 platforms, including Bloomberg. Its database includes over 480 carbon credit projects, catering to more than 100 corporate subscribers, such as UBS and Equinor. This extensive network highlights BeZero’s pivotal role in shaping the future of carbon markets.
The recent funding round was led by GenZero, a Singapore-based investment firm focused on decarbonization. Other notable investors include Japan Airlines and the Translink Innovation Fund. This influx of capital will enable BeZero to expand its ratings coverage, particularly in compliance carbon markets like Article 6 and CORSIA. The goal is clear: to enhance the integrity and transparency of carbon markets.
As the world shifts towards net-zero emissions, the demand for reliable carbon ratings will only grow. Countries and organizations are increasingly turning to carbon markets as a means to achieve their climate goals. BeZero’s ratings provide the necessary assurance that these markets can deliver real climate benefits. The company’s CEO, Tommy Ricketts, emphasizes that the funds will sustain their pace of innovation and expand their coverage. This is not just about growth; it’s about fostering trust in a market that desperately needs it.
The implications of BeZero’s work extend beyond corporate clients. A thriving carbon market could support 17 million jobs globally, surpassing the current oil and gas industry. This potential for job creation is a powerful motivator for governments and organizations to invest in carbon markets. BeZero’s ratings are a critical piece of this puzzle, providing the transparency needed to attract investment.
Moreover, the company is committed to leveraging technology. BeZero plans to invest in automation and AI techniques to enhance its rating processes. This technological edge will allow for more efficient data analysis and risk assessment, ensuring that the ratings remain accurate and relevant in a rapidly evolving market.
The collaboration with Japan Airlines exemplifies the growing intersection between carbon ratings and corporate sustainability efforts. Japan Airlines is actively implementing emission reduction strategies, including upgrading to fuel-efficient aircraft and utilizing Sustainable Aviation Fuel (SAF). By partnering with BeZero, the airline aims to enhance its carbon credit trading efforts and contribute to broader societal CO2 reduction goals.
The carbon market is often likened to the Wild West—unregulated and fraught with uncertainty. BeZero aims to bring order to this chaos. By providing standardized assessments of carbon projects, it fosters greater confidence among investors and market participants. This is essential for catalyzing the capital needed to drive meaningful climate action.
As BeZero continues to expand its influence, it is poised to play a pivotal role in the maturation of carbon markets. The company’s ratings are becoming integral to the infrastructure of these markets, guiding investment decisions and shaping corporate strategies. In a world where every ton of CO2 counts, BeZero’s work is more important than ever.
In conclusion, BeZero Carbon is not just a ratings agency; it’s a catalyst for change. With its recent funding, the company is set to enhance its offerings and solidify its position in the carbon market. As the world races towards net-zero emissions, BeZero’s ratings will serve as a compass, guiding organizations and governments in their climate journeys. The future of carbon markets is bright, and BeZero is leading the charge.