How does Beyond Value Chain Mitigation relate to the traditional mitigation hierarchy?

This FAQ refers to Gold Standard's work with companies on Beyond Value Chain Mitigation 

How does Beyond Value Chain Mitigation relate to the traditional mitigation hierarchy?

The traditional mitigation hierarchy advocates a sequential approach: abating value chain emissions and then taking responsibility for unabated emissions. The extent and urgency of the climate crisis means we need to act on both abatement and taking responsibility for unabated emissions simultaneously.

Only measures that reduce the impact of a company’s operations on the planet can be used for value chain targets. Measures which cannot be used towards value chain abatement or measures that support wider transitions beyond just the scope of one company’s value chain (sectoral investment, R&D, portions of landscape approaches etc), can be considered in BVCM strategies.