Silicon Valley Bank Sustainability Profile
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 20 is lower than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Silicon Valley Bank's reported carbon emissions
In 2021, Silicon Valley Bank reported total carbon emissions of approximately 6,000,000 kg CO2e from Scope 1 and Scope 2 sources, with Scope 1 emissions at about 306,000 kg CO2e and Scope 2 emissions at approximately 5,581,000 kg CO2e (market-based). The bank's Scope 3 emissions were significant, totalling about 7,270,000 kg CO2e, primarily driven by employee commuting (approximately 7,270,000 kg CO2e) and business travel (about 1,065,000 kg CO2e). Comparatively, in 2020, the bank's emissions were higher, with Scope 1 emissions at about 575,000 kg CO2e, Scope 2 emissions at approximately 6,781,000 kg CO2e (market-based), and Scope 3 emissions reaching about 4,762,000 kg CO2e from employee commuting and about 2,692,000 kg CO2e from business travel. In 2019, the total emissions were reported at approximately 30,990,000 kg CO2e, with Scope 1 emissions at about 613,000 kg CO2e and Scope 2 emissions at approximately 7,767,000 kg CO2e (market-based). The Scope 3 emissions were notably high, particularly from business travel, which accounted for about 13,257,000 kg CO2e. Despite these figures, Silicon Valley Bank has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The emissions data is cascaded from the parent organization, reflecting a merged entity structure, with the source organization being Silicon Valley Bank itself.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 613,000 | 000,000 | 000,000 |
| Scope 2 | 7,767,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 22,610,000 | 0,000,000 | 00,000,000 |
How Carbon Intensive is Silicon Valley Bank's Industry?
How Carbon Intensive is Silicon Valley Bank's Location?
Silicon Valley Bank's Scope 3 Categories Breakdown
Silicon Valley Bank's Scope 3 emissions, which increased by 8% last year and decreased by approximately 54% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 64% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 70% of Scope 3 emissions.
Top Scope 3 Categories
Silicon Valley Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Silicon Valley Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
