July '24
This month’s updates
Science based carbon ratings: climate action today
Yesterday, the Science Based Targets initiative (SBTi) released an update on the revision of its Corporate Net-Zero Standard. The review focused largely on offsetting and excludes the bigger picture: incentivising companies to compensate for Scope 3 emissions means a carbon credit market that delivers millions of jobs, unprecedented land restoration and climate finance.
We know that climate projects done right are a powerful instrument for climate action today. We know not every credit is equal, and the spectrum of carbon quality is broad. We also know that businesses need guidance and clarity on how to use them.
That's why carbon ratings (and other industry standard improving initiatives) exist:? to channel finance towards effective climate action and encourage a race to the top. It’s also why companies around the world are using carbon ratings to:
? Accelerate their due diligence
?? Identify high-quality carbon credits
?? Make credible, defensible green claims when retiring them
Learn why ratings have become a cornerstone of due diligence for some of the world's biggest tech giants, energy houses and investment banks in their credit procurement process.
Independent ratings for credible carbon markets
Independent carbon ratings and rating agencies matter because they provide corporates, and everyone in the market, with expert third party analysis for their due diligence and decision-making - with no vested interest in the transaction.?
That’s why we impose seven pillars essential to ensuring independent carbon ratings. Beyond that, we believe in the value of regulation to define market structure. We are also voluntary early adopters of the International Capital Market Association (ICMA)’s code of conduct, reinforcing our position as a strong advocate for robust disclosure practices and increased transparency to ensure the development of and evolution of a high-functioning carbon market. Visit our website to learn more.
Corporate retirements: see the volume and quality of retired carbon credits
Ratings are driving buyer behaviour: since launching in 2022, the proportion of retired credits with high BeZero ratings has grown from 17% to 27%. Our latest platform feature brings together details about the volume, type and quality of credits companies are retiring, all in one place. Covering more than 3,000 companies, the tool allows you to not only understand what businesses are retiring every year, but the quality of those retired credits as measured by the BeZero Carbon Rating. Learn how our data scientists have built the largest and most dependable dataset on retirements, alongside the market’s leading risk metric.?
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What we’re reading:?
Events
Join BeZero at Climate Week NYC!?
22nd-29th September, New York
Our team will be in town for the Climate Group 's Climate Week NYC!? We’ll be there to discuss ways to strengthen carbon markets for urgent climate action. If you’re in New York, we’d love to connect with you and invite you to join us at our events. We'll be announcing more events in the coming weeks, stay tuned to hear about them or get in touch to meet the team.
ECOWAS, West Africa workshop
6th-8th August, Abidjan, C?te d'Ivoire
Our Senior Manager, Carbon Markets, Joel Gould , will be taking part in ECOWAS’ West Africa workshop to discuss how ratings can help set up a regional carbon market.??
Asia-Pacific Events
7th-8th August, Kuala Lumpur, Malaysia
15th-16th August, Singapore
Liam Marshall , Director of APAC, Commercial Development, will be speaking at Bursa Carbon Exchange (BCX)’s flagship forum on the opportunities, challenges, and lessons learned for nature-based projects and the role ratings play in increasing the quality and integrity of these projects. You can also catch him in Singapore the following week as he’ll join the Carbon Market Institute’s Carbon Market & Investment forum on the 15-16th August. ?
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Teaching Ai @ CompleteAiTraining.com | Building AI Solutions @ Nexibeo.com
3 个月Great update! It's crucial we keep the conversation around effective carbon markets going. Looking forward to seeing how these changes drive real impact. Sharing this for broader visibility! ??