BeZero Carbon Ratings Qualifying criteria

This document outlines the information and data required for a project to be eligible for a BeZero Carbon Rating. It also contains elements recommended as best practice for project reporting.

Primary Criteria 

A project must fulfil the following criteria to be eligible for a BeZero Carbon Rating: 

A. The project must have applied an additionality test or provide sufficient information on how it is deemed additional (see appendix for more details). 

B. The project must have sufficient publicly available information to enable BeZero Carbon to assign a rating (see appendix for more details). 

C. The project must be audited by a recognised third party auditor in order to ensure the robustness of the data and information published. 

It is pertinent to note that BeZero Carbon Ratings are based entirely on publicly available information on the project and the underlying credits being issued. We cannot rely on or factor in any non-public information into our ratings analysis. 

Appendix 

Test for Additionality 

A project must apply an additionality test as part of the accreditation process in order to be eligible for a BeZero Carbon Rating. There must be sufficient information available to assess how the test is applied and subsequent results. In the case where a project has been deemed automatically additional, there must be sufficient information on the criteria for this assessment, available either through the accreditation agency or from the project documentation. 

Minimum public information 

In order for sufficient information to be gathered to rate a project, the following data elements must be available in the public domain for all ex-post vintages: 

- Change in project carbon stocks 

- Baseline assumptions 

- Leakage assumptions (if any) 

- Risk buffer allocation (if any) 

Any retrospective changes to these data elements must be published, with the justification for any amendments and its impact on the credits issued clearly defined. Examples include but are not limited to any loss events, exceptions to leakage or buffer accountancy and credit cancellations. 

Further public information 

Transparency on project related information is a critical pillar of our analytical approach. It follows therefore that projects sharing more information in the public domain will be viewed more favourably in the ratings process as compared to those publishing the minimum information. The following additional information will contribute to a positive view on the transparency of the project developer: 

- Any assumptions and calculations used to derive the data elements listed in the minimum public information 

- Reconciliation between published calculation and assumptions and final total issuance 

- Ex ante data for the elements listed in the minimum public information 

- Data available at a reasonable frequency and presented on an annualised basis 

- Data on credit retirements available from a single source and at a reasonable frequency.

Click here to download the full document.