When, how, and to whom should VCs submit disclosures?

The VCA will collect annual member disclosures, beginning in Q2 2025. At minimum, members must submit the required disclosures outlined in the Annual Disclosure Guidance to the VCA. The VCA will provide more details on annual reporting and share an optional reporting template in Q4 2025.

Member submissions will be kept confidential and released by the VCA only in an anonymized, aggregated format. Given the unique nature of private markets relative to the broader public market net zero landscape, members and their portfolio companies are encouraged but not required by the VCA to share disclosures externally with a larger set of stakeholders. That said, some LPs may require greater disclosure as a condition of investment.