BeZero Carbon acquires Cedar to accelerate platform growth

We're excited to announce that BeZero Carbon has acquired Cedar, and that their founding team is joining us.

Cedar has built a highly regarded platform for automating complex sustainability workflows, helping specialists turn messy, fragmented data into structured, auditable insights — faster and without sacrificing rigour.

As an independent carbon rating agency, our business model is straightforward. We have two revenue streams: ratings, and our platform.

Our platform, BeZero Carbon Markets, gives subscribers access to our full ratings analysis alongside a suite of self-service data and analytical tools, including our AI assistant, pre-rating scorecards, and geospatial tooling.

These products let users assess project risk on their own terms using BeZero's scientific tooling. We're keen to expand these self-service offerings and build more sophisticated due-diligence workflows. 

The acquisition of Cedar accelerates that path to building more sophisticated tooling on our platform.

Our ratings business, where we rate any project, any stage, in any market, has always been built on deep, expert-led analysis. That remains unchanged, and our team of expert analysts will continue to be the cornerstone of our company and the foundation of what makes our work credible.

We've been excited by the increasing market demand for expert-led ratings in informing purchase decisions, and by our path towards being regulated under the EU's ESG regulations later this year. 

These are signals of a more mature, credible market — and we're focused on leading it across both our ratings and our platform.

We're delighted to welcome Farouq, Piotr, and Raphael to the team as we enter our next phase of growth.

Tommy Ricketts, CEO and co-founder of BeZero Carbon, said: “We’re delighted to welcome Cedar’s founding team to BeZero. The technology they’ve built is truly market-leading. We look forward to integrating their capabilities to enhance and expand the BeZero Carbon Markets Platform. This acquisition will offer our customers better tools to access insights, interrogate data, and have greater confidence when making investment decisions.”

Farouq Ghandour, CEO and co-founder of Cedar, said: “Making credible investments in carbon markets is core to fighting climate change, but capital only flows where claims can be trusted. BeZero has built the kind of ratings rails that underpin more mature markets, with a level of scientific rigour we deeply respect. We're joining to make that scientific intelligence more accessible and to expand their platform due-diligence tools that let more of the market act with confidence.”