How Climeworks enhanced project due diligence and won new business using BeZero’s platform

To help companies achieve their net zero goals, Climeworks is striving to build the world’s lowest-cost Direct Air Capture technology, and deliver high-quality portfolios spanning both engineered and nature-based carbon removals. 

With a commitment to trust, impact, and risk, Climeworks only partners with high-quality players (details of their quality framework here). Accordingly, their in-house Science Team is tasked with assessing third-party projects, and ensuring only high-integrity credits earn a place in their portfolio offering. The team maintains regular engagement with CDR developers they have offtake agreements with, to ensure timely delivery remains feasible.

To stay on top of a vast and highly fragmented market, with projects spread across multiple locations, registries, methodologies, and quality bands, Climeworks needed a way to get a quick yet reliable understanding of this dynamic landscape to inform future portfolio decisions. This included identifying promising removal projects across sectors, screening them for quality, and reviewing CDR credit retirements by buyers active in the market.

By using BeZero’s platform alongside their own due diligence, Climeworks reported they were able to rapidly assess project quality at scale, vastly accelerating early-stage evaluations. They highlighted how the platform made it easy to scan highly-rated CDR projects across tech- and nature-based solutions, which in turn significantly lowered RFP response times. Paired with the Science Team’s first-hand insights from developers, this combined approach ensured robust, transparent, and science-based decision making, as well as resilient carbon portfolios. 

Climeworks also noted how the platform’s corporate retirements tool helped their commercial team refine their go-to-market strategy by focusing outreach efforts on relevant organisations, with a known history of purchasing removal credits. This targeted approach resulted in stronger engagement with prospects, and a higher closed deal conversion rate.

Finally, the team called out the CDR-themed research and webinars hosted on the platform which allows them to stay on top of market developments from the perspective of both BeZero’s analytical team, and external thought leaders.