But companies have been criticized for investing in low-quality credits, which has led to inaction and means carbon projects are not receiving the funding they need.
and has built out products highlighting their varying quality and risk profiles. It also tracks who is using what credits to make what climate claim. Its net zero measurement and benchmark tools show customers how they have progressed against sustainability goals, which the startup hopes will encourage real climate action. Furey sees a future where the likes of asset managers can test the net zero status of the equities and debt they are holding, though it's currently not possible.
"We can break down the risks of each individual project and that can lead to insurance, for example," he said."We can break down the cash flow that a project will generate and that can allow the banks to lend. This is all about enabling that investment and incentivizing investment in the best, the highest quality, and lowest risk opportunities."
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