SVB Financial Group Sustainability Profile
SVB Financial Group, headquartered in the United States, is a leading financial institution renowned for its focus on innovation and technology. Founded in 1983, the company has established itself as a key player in the banking sector, particularly in venture capital and private equity financing. With a strong presence in major operational regions such as Silicon Valley, New York, and Boston, SVB Financial Group caters primarily to startups, growth companies, and established enterprises in the technology, life sciences, and clean energy sectors. The firm offers a unique suite of services, including commercial banking, investment banking, and asset management, tailored to meet the specific needs of its clients. SVB Financial Group's commitment to fostering innovation has earned it a prominent market position, making it a trusted partner for entrepreneurs and investors alike. Notable achievements include its role in financing some of the most successful tech companies, solidifying its reputation as a cornerstone of the innovation economy.
DitchCarbon Score
How does SVB Financial Group'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
SVB Financial Group's score of 29 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SVB Financial Group's reported carbon emissions
In 2021, SVB Financial Group 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 company also disclosed significant Scope 3 emissions, including about 7,270,000 kg CO2e from employee commuting and approximately 1,065,000 kg CO2e from business travel. Comparatively, in 2020, SVB Financial Group's emissions were higher, with Scope 1 emissions at about 575,000 kg CO2e and Scope 2 emissions at approximately 6,781,000 kg CO2e (market-based). The Scope 3 emissions for that year included around 4,760,000 kg CO2e from employee commuting and about 2,692,000 kg CO2e from business travel. Despite these figures, SVB Financial Group has not set specific reduction targets or initiatives as part of their climate commitments. The company has not disclosed any climate pledges or SBTi (Science Based Targets initiative) reduction targets, indicating a potential area for future development in their sustainability strategy. Overall, SVB Financial Group's emissions data reflects a significant reliance on Scope 3 emissions, particularly from employee commuting and business travel, highlighting the importance of addressing these areas in their future climate commitments.
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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 SVB Financial Group's Industry?
How Carbon Intensive is SVB Financial Group's Location?
SVB Financial Group's Scope 3 Categories Breakdown
SVB Financial Group'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
SVB Financial Group'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.
SVB Financial Group 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.
