How does VCA differ from the Glasgow Financial Alliance for Net Zero (GFANZ)?

The VCA is a membership organization consisting of, and governed by, leading venture capital firms. The commitments made by these firms are intended to be consistent, where possible, with the criteria established by the UNFCCC Race to Zero Campaign and the UN High Level Expert Group on the Net Zero Emissions Commitments of Non-State Entities.

The VCA is working alongside these and other relevant entities, including GFANZ and its other net zero sector-specific alliances, to develop methodologies and tools appropriate for early-stage investments, and to share learnings and expertise on climate solutions across the broader financial sector. The VCA is not managed by or directly accountable to the GFANZ Secretariat or any UN body, but is committed to the same goals and will work transparently and collaboratively with investors across other asset classes to develop best practices and share learnings, resources, and tools as appropriate.