BeZero Carbon: helping businesses transition to net zero

Founded in April 2020, BeZero Carbon is a London-based climate solutions company. It offers net zero consulting for businesses and a web-based platform, BeZero Carbon Markets, which delivers tools, analytics and project ratings on the voluntary carbon market with the aim of helping market participants make smarter decisions and accelerate the transition to net zero.

We spoke to Tommy Ricketts, CEO and Co-founder at BeZero Carbon, about the firm's rapid growth and the advantages to being based in the UK.

What does your company do?

We are a climate solutions business. Our focus is to try to help deliver net zero effectively. We do that in two ways. We have a data analytics research platform to provide research ratings and market views on the voluntary carbon market. We also have a net zero practice helping businesses transition to net zero through monitoring, reduction and implementation strategies.

But the focus of our business is very much developing the leading analytics system for the voluntary carbon market, integrating the full value chain from developers to end consumers and everyone in between including investors, exchanges and intermediaries.

We want to become the leading company providing data and analytics systems that help participants in the market understand voluntary carbon credits and thereby help them make better decisions and grow faster as a result. We want to scale one of the leading climate solutions so that the allocation of capital ends up in those projects that deliver the highest quality climate action.

Tell us about your UK and global operations.

We are based in Clerkenwell in London. There are nearly 50 of us across 9 countries now so being based in London is fantastic for us because of the timezone advantage. We wake up and talk to Singapore and go to bed and talk to America. That is really helpful for us in the way we want to scale our business.

In the climate economy - where you are bringing together science, policy and finance - London is completely unparalleled. I genuinely think London is the world's best city for these skills. That is crucial to us in our talent acquisition

What are the main benefits to being based in the UK?

In the climate economy - where you are bringing together science, policy and finance - London is completely unparalleled. I genuinely think London is the world's best city for these skills. That is crucial to us in our talent acquisition.

We can get fantastic people with commodities backgrounds here in the UK. We also have an incredible engineering base in the UK as well as physicists and chemical and industrial engineers and some of the finest academics and academic institutions in the world.

If you look at London's history as a financial centre, it has always been at the vanguard in creating sources of wealth from future industrial activities. I truly believe that the green economy is a future source of wealth and London is creating the conditions for new types of start-ups and skills to be leading in its development.

If you look at London's history as a financial centre, it has always been at the vanguard in creating sources of wealth from future industrial activities. I truly believe that the green economy is a future source of wealth and London is creating the conditions for new types of start-ups and skills to be leading in its development

Tell us about your company's growth ambitions.

Total transactions in the voluntary carbon market went over $1bn for the first time in 2020. Expectations are that it will grow to anywhere between $30bn to $100bn in the next 10 years.

The voluntary carbon market is therefore a vital part of the broader net zero economy and we expect to be a critical part of that. We are going to increase our activity by developing more products for more and more organisations, set up to serve all major hubs, whether in Singapore, New York or France.