BURN Receives Top MSCI Rating for High-Integrity Carbon Project in Tanzania

Dar es Salaam, Tanzania – 25th September 2025 - BURN, Africa’s leading clean cookstove manufacturer, distributor, and carbon project developer, is proud to announce that its biomass carbon project in Tanzania has received an “A” from MSCI ESG Research LLC, a global leader in ESG and climate research.

MSCI recognized BURN for its strong performance across six key criteria, which include: additionality, quantification, permanence, co-benefits, reputational risk, and delivery risk. This high rating highlights BURN’s project credibility, integrity, and long-term impact. MSCI’s Carbon Project Ratings are widely used by companies, investors, traders, and carbon project developers globally as trusted benchmarks to assess project risk and guide impactful carbon credit investments.

Chris McKinney, Chief Commercial Officer, BURN said: “Receiving a high rating on the MSCI board as well as being voted as Runner-Up for Best Project Developer – Energy Efficiency in the Environmental Finance Awards Rankings 2025 is a strong confirmation of the integrity and impact of our carbon projects in households across Tanzania and globally. At BURN, we don’t just issue carbon credits—we develop projects that save lives and protect forests. We know that with carbon credits - and carbon credit pre-financing - we could finally bring a clean cooking appliance to every household in Tanzania, by discounting the cost of a stove to a customer by 60-100%. We’re honored that MSCI’s independent assessment affirms the strength of our approach and its long-term value for Tanzanian households”. 

BURN has been in the Tanzanian market for the past five years and has successfully distributed ~199,000 energy-efficient cooking appliances, impacting over 900,000 lives. BURN’s stoves have been independently validated by institutions including the University of Chicago, University of Pennsylvania, and Yunus Social Business, consistently proving their impact on health, climate, and household savings. Customers can save up between 40-60% on fuel when measured against the baseline – the equivalent of ~US$119 per year per family – and that each cookstove reduced CO2 emissions by ~3.5 tons per year.

BURN currently operates an assembly facility in Tanzania, employing ~900 people and producing 6,000 stoves each month. To date, the company has delivered clean cooking appliances to ~230,000 Tanzanian households saving 1 million tonnes of wood, preventing 700,000 tonnes of CO₂ emissions, ~136 million hours saved on cooking and generating ~US$42.6 million in household savings. BURN aims to scale its impact to reach 6 million households across the country.

BURN’s biomass projects in Tanzania generate highest integrity carbon credits using Gold Standard’s TPDDTEC methodology, which has been approved by the Integrity Council for the Voluntary Carbon Market's "CCP" programme. As a project developer, BURN is aligned with Gold Standard, ICVCM best practices, and applies rigorous monitoring approaches such as Kitchen Performance Tests (KPTs) that ensure real, measurable, and verifiable impact.

Several of BURN’s other projects have also been rated by MSCI, with strong results placing them in the top quartile; these include BBB ratings for projects in Somalia, Kenya and Côte d'Ivoire as well as BB ratings for multiple Kenya-based projects reflecting consistent performance, credibility, integrity, and long-term impact to communities. 

This rating comes at the same time as BURN being named Runner-Up for Best Project Developer – Energy Efficiency in Environmental Finance’s Voluntary Carbon Market Rankings 2025 — an annual poll where market participants vote for the companies and initiatives setting the benchmark for integrity and innovation in the carbon market space. 

BURN has distributed ~5.4 million biomass, LPG, and electric cooking appliances across Africa, including its award-winning, cellular-enabled ECOA Induction Cooker. These appliances have improved the lives of over 28 million people while reducing household fuel costs ~$1.8 billion, indoor air pollution by 65-100%, and protecting forests by saving over 29.6 M tons of wood.

ABOUT BURN  

Founded in 2011, BURN was created to save forests by revolutionizing the cookstove sector. BURN has been in the Tanzanian market for the past five years and has successfully distributed ~199,000 energy-efficient cooking appliances, impacting over 900,000 lives. While traditional, inefficient cookstoves can bankrupt families, damage their health, and destroy forests, BURN’s best-in-class stoves can save families money on fuel, limit indoor air pollution, and protect forests. BURN is now the world’s leading clean cooking company and one of the only carbon project developers to cover the full carbon value chain, from project design and in-house monitoring to credit issuance. To date, BURN's efficient stoves have generated 9.5M Gold Standard credits, reduced indoor air pollution by 65-100%, and protected forests by saving over 29.6 M tons of wood.

Learn more at burnstoves.com.