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 54% 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). Additionally, the company disclosed significant Scope 3 emissions, including about 1,065,000 kg CO2e from business travel and approximately 7,270,000 kg CO2e from employee commuting. Comparatively, in 2020, SVB Financial Group's total emissions were around 6,800,000 kg CO2e, 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 about 2,692,000 kg CO2e from business travel and approximately 4,760,000 kg CO2e from employee commuting. In 2019, the company reported total emissions of approximately 8,800,000 kg CO2e, with Scope 1 emissions at about 673,000 kg CO2e and Scope 2 emissions at approximately 8,712,000 kg CO2e (market-based). The Scope 3 emissions included around 14,001,000 kg CO2e from business travel and approximately 8,171,000 kg CO2e from employee commuting. Despite these figures, SVB Financial Group has not set specific reduction targets or climate pledges, and there are no documented initiatives aimed at reducing emissions. The emissions data is sourced directly from SVB Financial Group, with no cascading from a parent or related organisation. The company continues to monitor its carbon footprint as part of its commitment to sustainability.
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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.
