Does the framework consider scope 4 (or avoided emissions)?

No. The framework is a net zero framework for VC firms and early stage companies across industries. All companies that reach a certain maturity stage, whether climate solutions or not, are expected to measure scope 1-3 emissions. This excludes scope 4 (avoided emissions) because there is currently no credible way of accounting for scopes 1-4 together.

The VCA will produce an additional Climate Solutions Framework to support climate investors in communicating climate impact (avoided emissions) separate to the Portfolio Alignment Framework. You can access the Portfolio Alignment Framework on our website.