BeZero Carbon expands to Japan with support from Tokyo Metropolitan Government
BeZero Carbon has established a new entity in Tokyo with support from the Tokyo Metropolitan Government’s Green Finance Subsidy Programme.
The carbon ratings agency is among seven international sustainability companies selected for the initiative, underscoring Japan’s growing focus on building credible carbon markets.
The move expands access to independent, project-level ratings in a compliance market where carbon is a strategic pillar of climate action.
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Global carbon ratings agency BeZero Carbon has expanded its operations to Japan after being selected for the Tokyo Metropolitan Government (TMG)’s initiative to attract leading green finance companies to the city.
One of seven international sustainability firms chosen from 68 applicants across 22 countries, this marks the expansion of independent carbon ratings into a compliance market driven by national climate policy and increasing demand for high-quality credits.
BeZero Carbon will establish a new office, BeZero Carbon K.K., supported by TMG’s Green Finance Subsidy Programme. The new entity builds on BeZero’s ongoing expansion into Asia, which saw Finn O’Muircheartaigh, General Manager of APAC for BeZero, relocate to Singapore in 2025 to build out its presence.
The company works with several Japanese corporates and market participants, and has received investment from Hitachi Ventures, Japan Airlines and Translink Innovation Fund. Last year, it convened the Tokyo Carbon Credit Conference, co-hosted with Mitsubishi, Japan Airlines and South Pole.
TMG’s carbon credit marketplace, which helps small and medium-sized enterprises (SMEs) in Tokyo to decarbonise, already uses BeZero’s ratings. The BeZero Carbon Rating is an independent assessment of whether a carbon credit avoids or removes a tonne of CO2e.
BeZero’s Japanese operation will initially focus on strengthening its support for customers, policymakers and regulators in Japan, while also contributing to BeZero’s global mission to scale climate action through carbon markets. Its Japan office will be based in Minato-ku, Tokyo.
Tommy Ricketts, Co-founder and CEO of BeZero Carbon, said: “We are proud to be establishing a presence in Tokyo to deepen our work in the region’s carbon markets. I first had the idea to start BeZero whilst on a trip to Japan, so this is an exciting next step in our growth. We are fortunate to count Hitachi Ventures and Japan Airlines and Translink Innovation Fund as investors, and continue our work with the Tokyo Metropolitan Government and other leading companies. With carbon credits a strategic priority for Japan, we are looking forward to playing our part in this critical region by providing independent ratings and risk tools.”
Finn O’Muircheartaigh, General Manager of APAC at BeZero Carbon, said: “Being chosen to open an office in Tokyo is an exciting step to strengthen our work with carbon market participants in Japan. Since relocating to the region last year, I’ve seen first-hand the growing appetite for mechanisms to help scale credible climate action. A presence in Tokyo will allow us to continue to support policymakers, regulators and corporates more closely and embed independent ratings at the heart of market integrity in the region.”