Global carbon ratings agency BeZero Carbon has announced a strategic partnership with Australian tech provider Trovio, enabling traders to manage risk using BeZero’s carbon ratings. Trovio’s CorTenX platform, the first registry and inventory management system dedicated exclusively to environmental assets, will now provide access to the BeZero Carbon Rating for shared clients.
BeZero’s ratings offer a risk-based assessment of carbon projects, evaluating the likelihood of each project avoiding or removing one tonne of CO2e—akin to credit ratings in financial markets. Using an eight-point scale from ‘AAA’ to ‘D’, BeZero’s ratings will support Trovio users in making informed trading and inventory management decisions.
This collaboration marks BeZero Carbon’s first integration into an inventory management system, assisting traders in booking trades, managing positions, and facilitating swaps with robust risk insights. As the carbon credit market evolves, these ratings are becoming essential for investors to assess the quality of credits and build credible decarbonisation strategies.
The integration with Trovio is part of BeZero Carbon’s larger initiative to make carbon ratings widely accessible across financial markets, following the agency’s earlier expansion onto 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.”
