Your company sets a near-term (within 5-10 years) intensity target based on emissions per employee (headcount), revenue, or unit of physical production.
Stage three companies meet 2 of 3 criteria of >$50m in revenue (USD); >$250m equity raised (USD); >500 FTEs
Ensure that you’re already meeting VCA ‘stage 1’ and ‘stage 2’ climate practices. Use emissions measurements achieved in the previous stage to identify your emissions hotspots, and explore reduction measures that coincide with potential cost savings. ‘Stage 3’ encourages setting an intensity target because the goal is to get more efficient in your emissions per unit of growth as opposed to achieving outright reductions. Given that this is a target, your firm does not need to begin making progress right away.
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VCA Tip: Some carbon accounting SaaS vendors (including a few of those listed above) specialize in target setting and emission reduction trajectories. As you vet vendors, make sure to understand what features your firm might need to grow into over time. For more detail on target setting, reference the linked guidance below.
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