BeZero Carbon

What BeZero Carbon does

BeZero Carbon is a London-headquartered carbon ratings agency founded in 2020 that produces independent, project-level ratings (AAA to D) assessing the likelihood that a carbon credit delivers a tonne of CO2e avoided or removed. The company operates a platform-plus-products architecture centered on the BeZero Carbon Rating, the public BeZero Carbon Markets platform (bezerocarbonmarkets.com), and adjacent products including Project Fundamentals (standardized digitized project datasets launched December 2024) and an AI Assistant (launched October 2025) that surfaces proprietary ratings analysis via a natural-language interface. Underlying technology combines geospatial analysis (satellite imagery and remote sensing with a 200,000+-site ground-truth plots database), proprietary dynamic-baseline statistical models, in-house machine learning for project-specific analysis, and a corpus of 7 billion+ data points extracted from registry documentation. The business model is a hybrid of flat-fee, paid-upfront project ratings (revenue-independent of rating outcomes) and enterprise platform subscriptions, distributed through a direct enterprise sales team, a self-serve free-registration platform, and event-led engagement; an 80+ analytical team (70% PhDs) supports the rating methodology. BeZero serves large corporations, financial institutions, carbon project developers, and market infrastructure participants across energy, mining, banking, commodity trading, and asset management, with named enterprise clients including BHP, UBS, Salesforce, Emirates NBD, Mirova, Alibaba, Bloomberg, Trafigura, Equinor, Engie, ENI Plenitude, Petrobras, RWE, Woodside, NatWest, LSEG, and ICE, and has raised approximately $104M across four funding rounds through January 2025.

Name

BeZero Carbon

Legal name

BeZero Carbon Ltd

Website

https://bezerocarbon.com/

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

101–250 employees

Short description

BeZero Carbon is a London-based carbon ratings agency that issues independent AAA-to-D ratings on carbon projects, serving enterprises, financial institutions, and project developers across energy, mining, banking, and commodity trading via a ratings-plus-platform business model.

Ownership category

akta.pro rank

Product category

Carbon Ratings & Risk Analytics

NAICS

Environmental Consulting Services (541620), Geophysical Surveying and Mapping Services (541360)

akta.pro industry

PRIMARYEUABADAF

Carbon Credit Ratings & Due Diligence (Quality Scoring, Integrity Assessments)

Energy, Utilities & Environment/Carbon & Climate Solutions (Carbon Markets, Offsets, CCS/CCUS)/Carbon Advisory, Brokerage & Portfolio Management

SECONDARYEUABACAA

Voluntary Carbon Credit Verification & Validation (VCS/Gold Standard/ACR/CAR)

Energy, Utilities & Environment/Carbon & Climate Solutions (Carbon Markets, Offsets, CCS/CCUS)/Carbon Credit Verification, Validation & MRV (VVBs, Auditing, Remote Sensing)

SECONDARYEUABACAH

Soil & Biomass Carbon Measurement (Soil Sampling, Forest Inventory, Blue Carbon)

Energy, Utilities & Environment/Carbon & Climate Solutions (Carbon Markets, Offsets, CCS/CCUS)/Carbon Credit Verification, Validation & MRV (VVBs, Auditing, Remote Sensing)

SECONDARYEUABACAE

GHG Monitoring Plans & Sampling Design (Field Protocols, QA/QC)

Energy, Utilities & Environment/Carbon & Climate Solutions (Carbon Markets, Offsets, CCS/CCUS)/Carbon Credit Verification, Validation & MRV (VVBs, Auditing, Remote Sensing)

Keywords

• Carbon credit ratings
• Carbon risk analytics
• Carbon market data
• Carbon ratings platform
• Climate project assessment

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Carbon Ratings Services: Flat fee assessments for carbon project ratings. All BeZero Carbon Rating requests are 100% flat fees, paid upfront. Assessments are not linked to fees or rating outcomes, ensuring independence.
2. Platform Subscriptions: Access to the BeZero Carbon Markets platform with ratings, project information, AI assistant, and project fundamentals data. Free registration available with premium features for subscribers.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels9 records

Core offering

BeZero Carbon is an independent carbon ratings agency that assesses the quality of carbon projects of any type, at any stage, anywhere. It assigns risk-based letter ratings (AAA to D) indicating the likelihood a carbon credit delivers a tonne of CO2e avoided or removed, and delivers these ratings through a web-based platform (bezerocarbonmarkets.com) supported by standardized project data, geospatial monitoring, and an AI assistant for project insights.

Product overview

BeZero Carbon operates a platform-plus-products architecture offering a comprehensive carbon risk toolkit. The core platform provides ratings (BeZero Carbon Ratings), analytics, and portfolio construction tools. Adjacent products include Project Fundamentals (standardised technical data), the AI Assistant (natural language project insights), Pre-rating Scorecard (pre-assessment tool), Geospatial Analysis (satellite-based monitoring), and Beyond Carbon (socio-economic risk assessment). All offerings are underpinned by an 80+ analytical team, proprietary datasets (7 billion+ data points), and global partnerships with space agencies and research institutions.

Differentiator

Problem solved

Functional benefit

Products and services

• BeZero Carbon Ratings Independent, expert-driven carbon credit ratings that assess the quality of carbon projects of any type, at any stage, anywhere. Provides an informed opinion on the likelihood that a carbon credit achieves a tonne of CO2e avoided or removed, delivered as risk-based letter ratings (AAA to D). Used by corporations, financial institutions, and project developers for carbon credit due diligence.
• BeZero Carbon Markets Platform A full carbon risk toolkit providing ratings, analytics, portfolio risk tools, project fundamentals data, and AI-powered insights for every stage of a carbon project's lifecycle. Accessible via self-serve registration at bezerocarbonmarkets.com with premium features available to enterprise subscribers.
• Project Fundamentals Standardised, digitised technical carbon project data providing decision-ready datasets for Forestry, Cookstoves, and Renewable Energy sectors. Extracted from thousands of registry documents (project design documents, monitoring reports, non-permanence risk reports) and structured into consistent, downloadable, analysis-ready templates for subscribers.

Quantifiable outcome

• 600+ projects rated across sectors and countries
• +4 more outcomes

Named customers26 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature8 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Mitsubishi CorporationcoreStrategic or Co-development PartnerExisting partnership including co-hosting the Tokyo Carbon Credit Conference. Strategic collaboration for Asian carbon market development.
• South PolecoreStrategic or Co-development PartnerExisting partnership including co-hosting the Tokyo Carbon Credit Conference. Collaboration on carbon project development and market expansion in Asia.
• Tokyo Metropolitan GovernmentcoreGTM or Marketing PartnerSupport through Green Finance Subsidy Programme for establishment of BeZero Carbon K.K. in Tokyo. Selected as one of only seven international sustainability companies from 68 applicants.
• National Space AgenciescoreTechnology or IntegrationPartnerships with national space agencies for satellite imagery and geospatial data to monitor carbon projects globally.
• Commercial Satellite OperatorscoreTechnology or IntegrationPartnership with Planet and other commercial satellite providers for enhanced satellite monitoring of carbon projects.
• Local Research InstitutionscoreStrategic or Co-development PartnerPartnerships with local research institutions in Brazil (INPE, IPAM) and Uganda (Uganda Wildlife Authority) for field research and ground-truthing of satellite data.
• City of London CorporationminorStrategic or Co-development PartnerJoint report on UK carbon credit sector valued at £1.2bn annually. Collaborative research on carbon market development and policy.
• UK Carbon Markets ForumminorStrategic or Co-development PartnerJoint report with City of London Corporation on UK carbon credit market. Industry body working on carbon market development.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Sylvera: London-based carbon credit ratings agency providing independent ratings, MRV, and market intelligence on voluntary carbon credits. Closest direct competitor to BeZero across ratings methodology, customer base (corporates and financial institutions), and go-to-market.
• Renoster: US-based carbon credit ratings and analytics firm using satellite and on-the-ground data to rate nature-based carbon projects. Directly comparable product offering and customer segments, with similar emphasis on geospatial and remote-sensing methodologies.

Others

• South Pole: Major carbon project developer and climate consultancy that both develops projects BeZero may rate and partners with BeZero on market expansion (e.g., Tokyo Carbon Credit Conference). Sits in the same buyer-seller ecosystem and competes for enterprise carbon advisory budgets.
• ClimatePartner: Carbon offset solutions provider combining project development, consulting, and software for enterprise climate strategies. Overlaps with BeZero in serving large corporates seeking credible carbon credit quality assessment, while primarily acting as a project developer and intermediary.
• Gold Standard: Voluntary carbon standard setter whose certified projects are a major part of BeZero's rated universe. Functions as an adjacent ecosystem participant that shapes the integrity baseline BeZero assesses against.
• Verra: Operator of the Verified Carbon Standard and largest voluntary carbon registry. BeZero rates projects issued under Verra's standards, making Verra both an ecosystem partner and a competitive force as it expands its own integrity and ratings-adjacent services.

Broad incumbents

• MSCI Carbon Markets: MSCI has launched carbon credit ratings and analytics as part of its broader ESG and climate data franchise. Brings incumbent distribution, balance sheet, and bundled pricing pressure against independent specialists like BeZero.
• Moody's Ratings: Moody's has expanded into carbon credit assessments alongside its core credit rating business. Brings sovereign-style rating methodology, established regulatory standing, and entrenched financial-institution relationships that overlap with BeZero's buyer base.
• S&P Global Commodity Insights: S&P Global's Commodity Insights division offers carbon credit assessments and market analytics within its wider commodities and energy data franchise. Competes with BeZero at the enterprise and financial-institution buyer level through bundled offerings.

Emerging players

• Pachama: Carbon marketplace and project-verification platform using satellite data and ML to qualify nature-based projects. Competes indirectly with BeZero on the integrity-assessment and project-discovery layer while also acting as a project developer channel.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/bezerocarbon
• YouTubeyoutube.com/@bezerocarbon
• LinkedInlinkedin.com/company/bezero-carbon

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors14 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BeZero Carbon