Why does 'stage 4' of the Portfolio Alignment Framework refer to other reporting and target setting standards?

At stage 4, the VCA believes most companies will have reached a stage of maturity where setting a true net zero or 1.5°C-aligned decarbonization target is appropriate. Since other frameworks created for more mature companies (SBTi Corporate Standard, PMDR, and NZIF) already outline what a credible target is, the VCA has opted to reorient companies and VC firms to these established frameworks as opposed to re-inventing the wheel. You can access the Portfolio Alignment Framework on our website.