SVB Financial Group
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 20 is lower than 78% 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 gross global combined Scope 1 and 2 emissions of approximately 0.000998 kg CO2e per USD of total revenue, which was about 5,794,000 kg CO2e based on their revenue of USD 5.79 billion. This figure reflects a decrease from 2020, where the emissions were approximately 0.00183 kg CO2e per USD of revenue, translating to about 6,866,000 kg CO2e from a revenue of USD 3.75 billion. In 2019, the emissions were approximately 0.00196 kg CO2e per USD of revenue, equating to about 6,295,000 kg CO2e from USD 3.21 billion in revenue. Despite these figures, SVB Financial Group has not disclosed specific reduction targets or initiatives related to their carbon emissions. There are no reported commitments to the Science Based Targets initiative (SBTi) or other climate pledges. The absence of detailed emissions data for Scope 3 indicates a potential area for improvement in their climate strategy. Overall, while SVB Financial Group has shown a trend of decreasing emissions intensity relative to revenue, the lack of formal reduction targets or comprehensive emissions disclosures suggests that further commitments may be necessary to align with industry standards for climate action.
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.
SVB Financial Group is not participating in any of the initiatives that 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.
