At USV we intend to make a meaningful contribution to solving the climate crisis. In addition to making investments from our climate funds, we are committing to track, reduce and offset emissions at both the USV and portfolio levels. To amplify our efforts, we have teamed up with other venture capital firms through a new initiative called the Venture Climate Alliance (VCA) which launches today.
The purpose of the VCA is to build a movement within the venture industry to achieve net zero greenhouse gas emissions. Member firms, including USV, will achieve net zero emissions for our operations by 2030 or sooner, and we will encourage our portfolio companies to set their own net zero targets. The VCA exists to support this collective effort.
USV is a founding member, and we are pleased to be joined by fellow founding members Prelude Ventures, Capricorn Investment Group, DCVC, Energy Impact Partners, Galvanize Climate Solutions, S2G Ventures, Tiger Global, World Fund and 2150, as well as more than a dozen other firms joining us for the launch.
Membership is open to any venture capital firm that agrees to fulfill the commitments of the VCA. Visit ventureclimatealliance.org if your firm would like to become a member.