How ENGIE built bespoke high-impact portfolios for carbon credit buyers
What they said
Enhanced ENGIE’s project due diligence with additional and specific analysis and insights.
Helped screen high-impact carbon projects.
Facilitated risk monitoring of ENGIE carbon portfolios.
Alexis Manual, Head of Carbon Desk ENGIEAccess to BeZero’s ratings analysis and suite of tools on the platform has further enhanced our due diligence process. Their expert insights into essential project features, such as additionality, permanence, and over-crediting risks, enable us to provide our clients with top-tier analysis, ensuring the construction of high-quality, diversified carbon portfolios.
Challenge
Among those who recognise the need to support sustainability leaders in their selection of high-quality carbon credits is ENGIE, a global energy and renewables supplier, who’s been active in carbon markets for the past 15 years. Part of their strategy includes building diversified portfolios of carbon credits that not only remove carbon, but also provide meaningful benefits to local ecosystems and communities. However, evaluating the quality of a carbon credit is a complex process that demands specialised expertise and extensive data analysis. On top of ENGIE’s own expertise, ENGIE also relies on third-party insights like BeZero to help identify high-impact carbon projects and monitor thoroughly the associated risks.
BeZero platform
ENGIE enhances its in-house capabilities by using BeZero’s platform to access ratings, methodologies and sector deep dives. They use a comprehensive suite of portfolio management and risk assessment tools to gauge and assess risk exposure at both a project and portfolio level. They also have access to BeZero’s team of analysts to dig into the science behind the analysis and understand recent market developments and trends, such as expert discussions on a specific project's quality or updates. Finally, they really value the platform’s monitoring feature, which informs them whenever new material information about a project, or its sector or location context, arises. For clients exposed to projects on rating watch, this helps them communicate if and when a rating may change, along with the rationale.
Impact
Leveraging BeZero’s platform has helped ENGIE’s origination team screen high-impact carbon removals projects to recommend to their clients. Our ratings support their thorough in-house assessments, offering an independent opinion of carbon quality. They noted that our platform has accelerated their due diligence process across all stages of carbon credit procurement, whether at the screening or monitoring phase, as on top of having an informed opinion on the carbon efficacy of projects, it provides reliable, easy to access insight that reduces the load on internal teams. The platform’s breadth of coverage, comprehensive analysis, and risk management tools powered by our analysts also complement their expertise. They’ve been able to build bespoke portfolios, and improve the quality of their recommendations to their clients. By understanding both macro and project-specific risks, they’re able to effectively manage exposure across their carbon portfolios and take necessary measures to reflect market changes.
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