Renoster is an Offset rating company mainly focused on nature-based offsets. Essentially, the company rates carbon offset projects based on additionality, baseline, leakage, verification, permanence, and past- and recent performance. After that they assess the actual mitigation impact these are having.

To evaluate the projects, Renoster uses remote sensing to determine carbon sequestration value for forest offset projects. Once a project has been assessed, the company gives it a score and produce a report explaining where that score comes from (see example here). Their score is numeric and a score of 1.0 equals 1 ton of CO2. Scores above 1.0 indicate that the project may be overly cautious, and should perhaps be issued with more credits, whereas scores below 1.0 indicate that the project has potentially been issued with too many credits.

Renoster Systems has raised a total of $120K in funding over 1 round. This was a Pre-Seed round raised on Sep 13, 2021. The company is funded by 2 investors: Techstars Sustainability, in partnership with The Nature Conservancy.

SaaS: clients will reach out to Renoster to have access to the broader range of reports available.

• In the hope of being transparent, the company makes their methodology as transparent as possible.
• The company assesses scores in 2 ways:
  • Any failing criteria - from the mentioned before - immediately results in a score of 0.0, because it can be assumed that credits from that project are at risk of not being legitimate, or in danger of reversal.
  • Based on economic equations available in the Materials Tab (add link)

Renoster focuses specifically in nature and forestry carbon offsets projects (at least for now)