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 29 is lower than 50% 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 their emissions intensity rather than absolute emissions data, as specific emissions figures for Scope 1, 2, and 3 were not disclosed. In 2020, the emissions intensity was higher at approximately 0.00183 kg CO2e per USD, translating to about 6,866,000 kg CO2e based on their revenue of USD 3.75 billion. In 2019, the emissions intensity was approximately 0.00196 kg CO2e per USD, equating to about 6,295,000 kg CO2e from a revenue of USD 3.21 billion. SVB Financial Group has not set specific reduction targets or initiatives, nor have they committed to any climate pledges. Their emissions data is self-reported and does not appear to be cascaded from a parent organisation. The absence of detailed emissions data and reduction commitments indicates a need for further transparency in their climate strategy.
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.
