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 higher than 79% 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 2, alongside significant Scope 3 emissions. Specifically, Scope 1 emissions were about 306,000 kg CO2e, while Scope 2 emissions totalled approximately 5,581,000 kg CO2e (market-based). Scope 3 emissions included about 1,065,000 kg CO2e from business travel, 7,270,000 kg CO2e from employee commuting, 585,000 kg CO2e from upstream leased assets, and 1,428,000 kg CO2e from fuel and energy-related activities. Comparatively, in 2020, the company recorded higher emissions, with Scope 1 at approximately 575,000 kg CO2e and Scope 2 at about 6,781,000 kg CO2e (market-based). The Scope 3 emissions for that year were also substantial, totalling around 2,692,000 kg CO2e from business travel and 4,760,000 kg CO2e from employee commuting. In 2019, SVB Financial Group's emissions were even higher, with Scope 1 emissions at approximately 673,000 kg CO2e and Scope 2 emissions reaching about 8,712,000 kg CO2e (market-based). The Scope 3 emissions for that year were significant, particularly from business travel, which accounted for around 14,001,000 kg CO2e. Despite these figures, SVB Financial Group has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction targets suggests a need for further commitment to climate action within the financial sector.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 673,000 | 000,000 | 000,000 |
| Scope 2 | 8,712,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 24,336,000 | 0,000,000 | 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.
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.
