BeZero is a carbon rating agency that provides ratings and risk analytics for the Voluntary Carbon Market (VCM). Its ratings and research tools support buyers, intermediaries, investors, and carbon project developers. BeZero offers solutions such as carbon removal, earth observation market policies, ratings, and more services. The company was founded in 2020 and is based in London, U.K.
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BeZero's Products & Differentiators
BeZero Carbon Ratings
The BeZero Carbon Rating (BCR) of voluntary carbon credits represents BeZero Carbon’s current opinion on the likelihood that a given carbon credit achieves a tonne of CO2e avoided or removed.
Expert Collections containing BeZero
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
BeZero is included in 3 Expert Collections, including Carbon Capture, Utilization, and Storage (CCUS).
Carbon Capture, Utilization, and Storage (CCUS)
Companies in the Carbon Capture Utilization and Storage (CCUS) space, including those that are developing technologies to capture, utilize, and store carbon, as well as those creating carbon negative products.
Companies in the Decarbonization & ESG space, including those working on enterprise and cross-industry decarbonization and emissions monitoring solutions, as well as ESG monitoring and carbon accounting.
Unicorns- Billion Dollar Startups
Latest BeZero News
Sep 6, 2023
Share Framework aims to build trust in controversial voluntary carbon markets, by helping companies buy the right amount of credits to make credible net zero claims Carbon credits agency BeZero Carbon has published a new framework for how organisations purchasing credits can calculate how many carbon credits they need to redeem to make credible net zero claims. The firm published its new methodology in a white paper this morning, arguing it represents a "first of a kind, financial markets framework" for carbon credit buyers which would guide them on how best to 'retire' credits based on project-level quality. A carbon credit is retired when a buyer has redeemed the one tonne of carbon reduction it represents against its carbon footprint. Once retired, the permit can no longer be sold or transferred, and will be listed as such on carbon credit registries so as to avoid double counting. BeZero Carbon's discounting methodology is designed to help buyers of carbon credits understand how many credits they should purchase to make a tonne-based claim, by enabling them to account for the risks involved in different carbon credit projects. The new methodology sets out an estimated discount factor for each rung of Be Zero' Carbon's eight point carbon credit rating scale, which can be used by credit buyers and resellers to calculate an "over-purchasing factor" per tonne of carbon required. The methodology aims to help counter long-standing criticisms of the voluntary carbon market, which has seen campaigners allege that some carbon removal and reduction projects fail to deliver promised emissions savings, and as such allow corporates to make over-inflated 'carbon neutrality' claims. For example, a company that purchases carbon offsets from a forest project that is later wiped out by a forest fire may have already accounted for offset credits that have become worthless. A number of international standards bodies are working to shore up integrity on both the supply and buy sides of the voluntary carbon market in a bid to rebuild trust and unlock much-needed finance for critical carbon removal projects around the world. BeZero Carbon's new methodology aims to complement these standards by helping companies better understand and spread the risk associated with different carbon offset projects. The raitings agency said that creating a language for project-level risk was "vital" to the evolution of the voluntary carbon market, noting the assumption that all carbon credits are equal was leading to questionable net zero claims which were in turn eroding trust in the market. "One of the biggest challenges facing the voluntary carbon market is that all carbon credits have been treated as equal - this is simply not the case," said Sebastien Cross, chief innovation officer and co-founder of BeZero Carbon. "Everyone knows quality isn't binary. But we lack the framework and tools to reflect the fact that some credits perform better than others. "A risk-adjusted approach allows customers to select the quality of credits they invest in. This is essential to tackling a lack of confidence on the demand side, and helping scale the voluntary carbon market effectively." BeZero Carbon said the risk-based claims management methodology complemented the BeZero Carbon Rating, its flagship eight point rating system which assesses the efficacy of carbon credits sold on the voluntary carbon market.
BeZero Frequently Asked Questions (FAQ)
When was BeZero founded?
BeZero was founded in 2020.
Where is BeZero's headquarters?
BeZero's headquarters is located at 28-42 Banner Street, London.
What is BeZero's latest funding round?
BeZero's latest funding round is Series B.
How much did BeZero raise?
BeZero raised a total of $72.47M.
Who are the investors of BeZero?
Investors of BeZero include Molten Ventures, Contrarian Ventures, Quantum Energy Partners, Intercontinental Exchange, Illuminate Ventures and 9 more.
Who are BeZero's competitors?
Competitors of BeZero include Sylvera and 7 more.
What products does BeZero offer?
BeZero's products include BeZero Carbon Ratings and 1 more.
Compare BeZero to Competitors
Sylvera develops a carbon offset rating platform. The company provides application software to deliver clarity performance for carbon markets and develops a proprietary framework to assess carbon credit quality. It helps corporate sustainability leaders, traders, and asset managers to evaluate and invest in carbon credits. The company was founded in 2020 and is based in London, United Kingdom.
Patch provides a unified climate action platform. It offers solutions that include removal, estimation, and education about carbon emissions to e-commerce, carbon accounting, travel, fintech, shipping, logistics, and crypto customers. It was founded in 2019 and is based in San Francisco, California.
Trove Research is a specialist data, analysis, and advisory firm. It focuses on climate policy, carbon markets, and the energy transition. Its intelligent platform serves all parts of the market, including investors, corporations, traders, project developers, governments, and NGOs. It was founded in 2015 and is based in London, United Kingdom.
AlliedOffsets allows researchers, individuals, and businesses to better understand the carbon offset market. It offers advanced document search, carbon data API, carbon market report, carbon developer report, voucher platform, and more. It was founded in 2014 and is based in London, United Kingdom.
Senken provides an on-chain carbon credit marketplace. It enables users to buy, and sell carbon credits from verified climate projects. Senken was founded in 2022 and is based in Glashutten, Austria.
sustainacraft aims to establish a mechanism to circulate corporate funds to nature conservation projects by providing a transparent carbon accounting solution. It was founded in 2021 and is based in Tokyo, Japan.