Skip to content
Friday, October 23, 2026 · Today’s edition, 6:30 a.m. ETFri, Oct 23 · 6:30 a.m. editionSign inMy Desk 0EditionsSign in

BeZero puts Microsoft's carbon-removal diligence on the record

Fourteen ex ante ratings show how a major corporate buyer vets credits before issuance.

At a glance

  1. The set spans improved forest management, soil carbon, biochar and agroforestry projects across the United States, Argentina, India and Peru.
  2. An ex ante rating evaluates a project before credits are issued, not after performance data lands.
  3. Microsoft aims to be carbon negative by 2030 and to remove the equivalent of its historical emissions by 2050.

BeZero Carbon has published 14 independent ex ante ratings of projects that ran through Microsoft's carbon-removal diligence process, according to ESG News. The set spans improved forest management, soil carbon, biochar and agroforestry projects across the United States, Argentina, India and Peru. BeZero called the collection one of the most comprehensive published analyses of a single buyer's removal portfolio.

An ex ante rating evaluates a project before credits are issued, not after performance data lands. BeZero's carbon risk analysis examines additionality, carbon accounting and permanence. A separate execution review scores operational and delivery risks that could stop expected credits from reaching the market. Some reports also assess wider environmental and community risks and benefits.

A 45-million-tonne portfolio

Microsoft aims to be carbon negative by 2030 and to remove the equivalent of its historical emissions by 2050. It contracted more than 45 million tonnes of carbon dioxide removal in fiscal 2025 alone. The company already publishes its own Criteria for High-Quality Carbon Dioxide Removal. These reports, built with Microsoft's Carbon Removal team and BeZero's Beyond Carbon experts, add an independent layer to that internal procurement standard. BeZero has since incorporated the approach into its broader offering.

The release lands as carbon markets face rising pressure to prove environmental integrity before projects begin issuing credits. A contracted tonne may satisfy a purchasing target on paper, but investors and corporate buyers increasingly want evidence that projects can deliver the promised climate outcome without creating material social or environmental risks. For Microsoft, that scrutiny carries considerable financial and climate implications.

The ratings do not move tonnes by themselves. They document diligence. For transition finance that is a real but moderate value: a template for asking hard questions before capital commits. Whether other corporate buyers adopt the template will determine how much these ratings matter.

Reported by the Transition Finance desk from ESG News. Published . Corrections

Related

Sustainable Investing

Citi structures $72 million note tied to Applied Carbon biochar credits

Investors receive payments tied to the project's carbon credits instead of traditional coupons, ESG Today reported.

Sustainable Investing

ESB's first EU green bond is a template, not a funding event

The $575 million is small against a $23 billion capital plan; the disclosure file behind it is what the market will copy.

Sustainable Investing

Mombak's $150 million Amazon fund shows capital is the constraint

Salesforce's offtake answers the demand question; the BNDES credit line shows what equity cannot carry on its own.

Sustainable Investing

UK launches £2bn Energy Wealth Fund funded by North Sea tax revenue

The fund sits within the National Wealth Fund and will invest in renewable and low carbon energy infrastructure across the UK.

Sustainable Investing

European Investment Bank commits at least €30bn to climate adaptation by 2030

The 2026–2030 plan doubles the bank's financing pace and includes blended finance and risk-sharing tools to mobilise private capital.

ESG Capital Dailyfrom Private Wealth Daily

Transition funds, stewardship and the rules behind sustainable labels. Weekdays at 7:10 a.m. ET.

Free. Weekday mornings. Unsubscribe from any edition in one click.

From other sections