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How Mast Reforestation improved project design and powered their go-to-market strategy with a pre-issuance rating

What they said

  • Accelerated project set up and credit delivery with essential early feedback on project design

  • Engaged C-suite buyers with rating report summary, a cornerstone of go-to-market activity

  • Legitimised novel CDR method with accessible and independent analysis that removed friction in decision-making

About Mast Restoration

  • Role in market: Project Developer

  • Location: United States

  • Sector: Biomass-based Carbon Removals

BeZero's pre-issuance rating not only helped us refine and improve our project design, it also became a cornerstone of our go-to-market strategy. The one-page rating summary is a simple yet powerful tool for engaging buyers. It helps them move past the hurdle of deciding whether this new pathway is worth their time, and moves the conversation quickly to what matters: the impact this novel method can have for wildfire-affected landowners across North America.

Grant Canary CEO & Founder, Mast Reforestation

Challenge

Without supporting market education, novel CO₂ removal methods such as biomass burials see barriers to uptake. As a post-fire reforestation and carbon removal company, Mast was faced with the challenge of not only raising awareness of a relatively nascent sector, but more specifically burned biomass utilisation. Carbon finance generated by this method, which involves storing wildfire-destroyed trees underground, effectively funds their replacement. With over six million acres of North American forestland burned past the point of natural recovery, their ambition was to position their activities as credible climate solutions.

Mast’s immediate goals were twofold. Firstly, get early, independent feedback on project design to catch and mitigate risks, and ensure seamless implementation. Secondly, show buyers how this novel combination of nature-based and engineered CDR can not only deliver durable, near-term carbon removals, but also longer term ecological benefits for communities from reforestation activities.

Rating

In March 2025, BeZero assigned an ex ante rating of ‘A.pre’ with low project execution risk to Mast’s Wood Preserve MT1 project. The assessment provided input on project design risks, including feedback on the log chamber cover - the “vault cap”. 

According to Mast, BeZero’s analysts helped push their R&D forward, helping them quickly apply learnings about risk during implementation, and bring more robust credits to market within a year of the rating. They also found BeZero’s input to be invaluable to their project development cycle, with their pilot running seamlessly as expected and planned.

Impact

Mast highlighted how securing the rating helped inform and complete landowner agreements and construction within nine months, describing this implementation speed as rare for this market. Credits are expected by Q1 2026, issued with a 2025 vintage to reflect when removals occurred. Furthermore, incorporating BeZero’s feedback early sped up progress to their next phase of scalability, with minimal fine tuning.

They also reported how the ‘A.pre’ rating sent a key credibility signal to their buyer network, strengthening early confidence and interest in the project. Mast said BeZero’s rating report effectively communicated credit quality to C-suite audiences that don’t have a lot of carbon knowledge. The intuitive bond-like rating scale made the assessment easy to interpret, and the report’s rating summary table shared with buyers was viewed over 80 times. Anecdotally, pointing to the report using a QR code at events and conferences was found to be particularly impactful in the moment.

Finally, Mast noted how the independent rating helped reduce their buyers’ due diligence burden. Instead of interrogating the methodology and its trustworthiness, buyers now spend more time focusing on the project’s potential for immediate impact. Mast also heard the rating bolstered their intermediary partners’ due diligence, giving them confidence to recommend the project to buyers who often demand ‘BBB’-rated credits or above.

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