Silicon Valley Bank
Silicon Valley Bank (SVB), headquartered in the United States, is a leading financial institution that primarily serves the innovation sector. Founded in 1983, SVB has established itself as a key player in the banking industry, focusing on technology, life sciences, and venture capital. With a strong presence in major operational regions such as California, New York, and Massachusetts, the bank offers a range of specialised services tailored to startups and growth companies. SVB's core products include commercial banking, investment banking, and asset management, distinguished by their deep industry expertise and commitment to fostering innovation. The bank has achieved notable milestones, including its role in financing some of the most successful tech companies in history. As a trusted partner for entrepreneurs and investors, Silicon Valley Bank continues to solidify its market position through strategic insights and a robust network within the innovation ecosystem.
DitchCarbon Score
How does Silicon Valley Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Silicon Valley Bank's score of 7 is lower than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Silicon Valley Bank's reported carbon emissions
In 2021, Silicon Valley Bank reported total carbon emissions of approximately 8,200,000 kg CO2e. This figure includes Scope 1 emissions of about 306,000 kg CO2e, Scope 2 emissions (market-based) of around 5,581,000 kg CO2e, and significant Scope 3 emissions, primarily from employee commuting (approximately 7,270,000 kg CO2e) and capital goods (about 1,428,000 kg CO2e). In 2020, the bank's total emissions were approximately 15,838,000 kg CO2e, with Scope 1 emissions at about 575,000 kg CO2e and Scope 2 emissions (market-based) at around 6,781,000 kg CO2e. The Scope 3 emissions included business travel (approximately 2,692,000 kg CO2e) and employee commuting (about 4,760,000 kg CO2e). The 2019 data shows total emissions of approximately 30,990,000 kg CO2e, with Scope 1 emissions of about 613,000 kg CO2e and Scope 2 emissions (market-based) at around 7,767,000 kg CO2e. Notably, Scope 3 emissions were significant, with business travel contributing approximately 13,257,000 kg CO2e and employee commuting at about 7,268,000 kg CO2e. Despite these figures, Silicon Valley Bank has not publicly disclosed specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of documented reduction targets suggests a need for enhanced climate commitments within the organisation.
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Add to project| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 613,000 | 000,000 | 000,000 |
| Scope 2 | 7,767,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 22,055,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Silicon Valley Bank is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
