Carbon Credit Ratings Provider BeZero Acquires Climate Analytics Platform Cedar

Carbon credit ratings agency BeZero Carbon announced the acquisition of AI-powered climate data startup Cedar, with the transaction aimed at advancing the due diligence capabilities of BeZero’s carbon markets platform.

Founded in 2025 by Farouq Ghandour, Piotr Kosiński and Raphaël Haupt, New York-based Cedar provides solutions to automate complex sustainability tasks such as carbon accounting, climate due diligence, emissions reporting, and renewable energy analysis using AI agents.

London-based BeZero is a ratings agency for carbon markets, providing carbon ratings, research and data products backed by a team of climate scientists, earth observation specialists, data scientists and financial analysts. The company’s platform provides subscribers with access to BeZero’s ratings analysis, as well as a suite of self-service data and analytical tools, including an AI assistant, pre-rating scorecards, and geospatial tooling, helping users to assess project risk.

The companies said that all three Cedar co-founders will join BeZero as part of the transaction.

Farouq Ghandour, CEO and co-founder of Cedar, said:

“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.”

BeZero said that the acquisition of Cedar will accelerate its path to building more sophisticated tools on its platform, enhancing its self-service offerings and due diligence workflows.

The company added that the acquisition comes at a time of increasing demand for expert-led carbon ratings to inform purchase decisions, adding that it expects to become regulated under the EU’s ESG regulations later this year.

Tommy Ricketts, CEO and co-founder of BeZero Carbon, said:

“This acquisition will offer our customers better tools to access insights, interrogate data, and have greater confidence when making investment decisions.”