BeZero Carbon

UK-based BeZero Carbon provides carbon rating and risk analytics. The company assesses the quality of carbon offsets on the voluntary carbon market. The company uses geospatial analytics to provide a toolkit for evaluating carbon projects around the world. 

BeZero Carbon Rating provides users with a risk-based assessment of the likelihood of a given carbon credit avoiding or removing a ton of CO2. The BeZero Carbon Rating uses a seven-point scale across three categories—A, AA, AAA. In September 2023 , the company introduced a new methodology for discounting carbon credits in the voluntary carbon market (VCM). It is formulated to assist customers in understanding how many credits they should purchase to make a tonne-based claim. On the heels of this development, the company launched the industry’s first engineered carbon removal credit rating as an “A” rating for a biochar project. In November 2023, BeZero Carbon introduced a risk assessment tool to analyze a carbon project's lifecycle.

BeZero offers two core services—a web platform and an API. The web platform presents project performance and quality ratings using interactive map-based tools to enable real-time and granular data interrogation. The API serves this data for presentation and analysis on other platforms. 

Key customers and partnerships

BeZero Carbon rating API partners include Cloverly , Patch , Xpansiv , Allied Offsets, Emsurge, Senken, and Viridios. In February 2023, the company joined Salesforce’s Net Zero Marketplace to list its carbon credit ratings. In October 2023, the company partnered with Oka, The Carbon Insurance Company , to integrate its carbon credit ratings into the latter's underwriting platform. In November 2023, BeZero Carbon partnered with Planet to scale the former's geospatial analysis and research methodologies with Planet's satellite information. Some of the company’s clients include Watershed, Anglo American, Equinor, and Glencore. As of December 2023, BeZero Carbon had rated 360+ offsetting projects.

Funding and financials 

The company’s most recent funding round was in November 2022, when it raised GBP 42.4 million (USD 50 million) in a Series B funding round led by Quantum Energy Partners. The proceeds were used to expand into a new location in Singapore and to scale up its office premises in New York.