Major VCs unite in alliance to help startups and investors reach net zero

A group of over 23 VCs across Europe and the US have joined forces this week to guide startups and their early-stage investors towards net zero, in an effort to decarbonise the global economy and the venture capital industry. The Venture Climate Alliance (VCA) consists of both generalist and climate-focused firms, and its members manage a combined $62.3 billion in assets, according to Crunchbase figures. To begin with, participating VCs pledge to inventory their Scope 1-3 emissions and, in turn, reach either net zero or negative emissions for their own operations (such as office energy consumption and employee commuting) by…

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