BeZero partners with Trovio
Global carbon ratings agency BeZero Carbon announces a partnership with Australian technology provider Trovio to allow traders to manage their risk using carbon ratings.
The BeZero Carbon Rating will be hosted on Trovio's CorTenX inventory and risk management platform, providing users with risk information on carbon credits to make trading and inventory management decisions.
The move represents BeZero’s first-ever integration into an inventory and risk platform, bringing financial markets infrastructure and transparency to carbon markets in Australia and beyond.
Today, global carbon ratings agency BeZero Carbon announces a partnership with Australian technology provider Trovio to allow traders to manage their risk using carbon ratings.
Trovio's CorTenX platform is the first registry and inventory management platform built exclusively for environmental assets. Through this collaboration, common clients of BeZero and Trovio will have access to the BeZero Carbon Rating through the CorTenX platform. BeZero Carbon’s ratings provide a risk-based assessment of a carbon project’s likelihood of avoiding or removing one tonne of CO2e, similar to the structure of credit ratings in financial markets.
Using an eight-point scale ranging from ‘AAA’ to ‘D’ to denote the likelihood of a carbon credit meeting its climate claims, BeZero’s ratings will provide Trovio users with information to make trading and inventory management decisions.
The move represents BeZero Carbon’s first-ever integration into an inventory management system and will support traders as they book trades, facilitate swaps and manage positions using fundamental risk metrics. By integrating ratings into these processes, the market for carbon credits is adopting the robust frameworks that exist in financial markets, making transactions and deals more efficient.
As the market for carbon credits matures, ratings are becoming critical infrastructure to help investors understand and manage risk. By understanding the quality of carbon credit investments, buyers and intermediaries are better equipped to build credible decarbonisation strategies.
This integration into Trovio’s platform forms part of a series of moves by BeZero Carbon to make carbon ratings available across financial markets. Earlier this year, the ratings agency made its analysis of carbon credits available on the Bloomberg Terminal.
Tommy Ricketts, CEO and co-Founder at BeZero Carbon, said:
“We're thrilled to be partnering with one of Australia's leading technology providers, Trovio, to make our ratings available on its inventory management system. Australia is a pioneering market for domestic and international carbon credits. Carbon ratings are a way to assess the performance of these credits by understanding their risk at a project level. Together, BeZero and Trovio are making carbon markets more efficient by ensuring finance reaches those projects producing the strongest environmental outcomes."
Jon Deane, CEO at Trovio, said:
”Markets require common standards, yet the carbon market currently faces much fragmentation. This collaboration with BeZero Carbon will enable market participants to offer a more robust and scalable solution to their clients, allowing technology to be an enabler for market adoption. This will create better transparency and reduce the associated risks of participating in carbon markets.”
Media contact
Dani Wiggins, Communications Manager
press@bezerocarbon.com
(+44) 7760 13618