BeZero Carbon
55Mixed / Improving· ProvisionalLondon-based independent carbon ratings agency providing science-based quality assessments of voluntary carbon credits to bring standardised integrity ratings to global carbon markets.
Why it's on ClimateTicker
BeZero Carbon is a legitimate market-infrastructure enabler: its core product — independent, science-based ratings of voluntary carbon credits — directly addresses the integrity deficit that allows greenwashing to flourish in carbon markets. Its climate value is real but indirect: it does not itself cut or remove emissions, and its commercial growth depends on carbon markets expanding, creating a subtle incentive to view carbon credits favourably. Investors should note that several of its backers (ICE, Japan Airlines, EDF) are active carbon market participants, and no verified data on BeZero's own operational emissions or SBTi commitments has been found.
Commitments & Certifications
Controversy & Greenwashing Watch
BeZero CEO Tommy Ricketts publicly and sharply criticized the SBTi framework for limiting carbon credit use in net-zero targets, a commercially motivated position that raises questions about whether BeZero's policy advocacy is driven by science or by the business case for expanding credit markets.source ↗
BeZero's business model depends on the growth of voluntary carbon markets that have faced widespread credible criticism for over-crediting, greenwashing, and lack of additionality — risks BeZero acknowledges but cannot fully resolve as a ratings rather than standards body.source ↗
Key investors including Intercontinental Exchange (ICE), EDF, Hitachi Ventures, and Japan Airlines are active participants in the very carbon markets BeZero rates, creating a structural independence risk that the company's own stated governance principles do not fully resolve.source ↗
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