Mirova signs framework agreements with BeZero Carbon and Sylvera to further strengthen quality standards across its carbon strategies
Mirova is pleased to announce the signature of framework agreements with BeZero Carbon & Sylvera, two of the world’s leading providers of independent carbon credit[1] ratings. These partnerships mark a new milestone in Mirova’s efforts to promote high-integrity voluntary carbon markets, building on more than a decade of investment in nature-based solutions and climate-positive projects.
WHY THIS MATTERS NOW
The voluntary carbon market is undergoing a major shift, moving from a volume driven to a quality driven paradigm, with increased scrutiny on integrity, transparency, and measurable impact. As highlighted in our dedicated Position Paper, this evolution is critical to building a market that channels capital toward high‑quality projects, i.e. those that demonstrate additionality, deliver durable emissions reductions or removals, and generate tangible co‑benefits for biodiversity and local communities.
In this context, independent ratings have become a complementary piece of market infrastructure. BeZero Carbon and Sylvera both apply rigorous, science-based methodologies combining geospatial analytics, project documentation reviews, risk modelling, and host publicly available ratings. Their assessments help market participants better assess project credibility and drive capital toward the most impactful climate solutions.
STRENGTHENING TRUST AND PORTFOLIO QUALITY FOR OUR CLIENTS
These agreements with independent rating agencies aim to provide our clients with more confidence and transparency, adding an additional external perspective on project quality and strengthening trust in the integrity of the carbon credits linked to our investments.
These ratings will act as an additional analytical layer to Mirova’s existing processes, which already encompass thorough ESG2 and technical due diligence, leveraging both external experts and in-house expertise. This enhancement aligns with Mirova’s ongoing efforts to continuously strengthen the premium positioning of its investments and support global climate goals, while providing our clients with stronger confidence in the climate integrity of our investments.
SUPPORTING HIGH‑INTEGRITY PROJECT DEVELOPMENT AND SCALING IMPACT
Independent ratings help high-performing developers demonstrate the rigor of their methodologies, monitoring systems, as well as biodiversity or community outcomes.
They can also improve access to capital, as stronger ratings help accelerate investment decisions for credible, innovative projects—particularly in emerging geographies.
Finally, greater clarity and comparability across methodologies support developers in scaling their impact, encouraging continuous improvement and helping design more resilient, high-impact projects.
Mirova will integrate these external evaluations as an additional decision-making input, complementing our rigorous ESG, technical, financial, and impact due-diligence frameworks.
This enhanced analytical depth will help us:
- sharpen our ability to identify the most credible and impactful projects;
- continuously refine and elevate our quality standards;
- contribute to a more transparent and accountable market ecosystem;
- reinforce the premium positioning of our carbon strategies across global markets.
As the voluntary carbon market continues to mature, investors and project developers alike need stronger signals of integrity. Partnering with leading rating agencies aims to strengthen our investment approach while helping credible project developers gain the visibility they deserve. By bringing more transparency and comparability to the market, these collaborations will support our ambition to mobilize capital at scale toward the highest‑quality climate and nature‑positive solutions.
We are thrilled to be partnering with Mirova. Integrating our independent carbon ratings into their strategies demonstrates a real commitment to trust and transparency. Both companies are mission-aligned on how best to deploy capital at scale into climate solutions with impact.
The voluntary carbon market has fundamentally restructured around quality. Mirova's commitment to independent ratings reflects what forward-thinking investors understand — in a maturing market where voluntary and compliance demand will increasingly compete for the same supply, building strategic positions around quality today creates competitive advantage tomorrow. This partnership helps establish the market infrastructure needed to channel capital at scale toward real climate action.
