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 75% 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 8,200,000 kg CO2e, comprising Scope 1 emissions of about 306,000 kg CO2e, Scope 2 emissions (market-based) of about 5,581,000 kg CO2e, and significant Scope 3 emissions, including business travel at approximately 1,065,000 kg CO2e and employee commute at about 7,270,000 kg CO2e. In 2020, the group's emissions were approximately 7,500,000 kg CO2e, with Scope 1 emissions at about 575,000 kg CO2e and Scope 2 emissions (market-based) at around 6,781,000 kg CO2e. The Scope 3 emissions included business travel of approximately 2,692,000 kg CO2e and employee commute of about 4,760,000 kg CO2e. In 2019, SVB Financial Group's total emissions were approximately 14,000,000 kg CO2e, with Scope 1 emissions of about 673,000 kg CO2e and Scope 2 emissions (market-based) of approximately 8,712,000 kg CO2e. The Scope 3 emissions were notably high, with business travel at around 14,001,000 kg CO2e and employee commute at about 8,171,000 kg CO2e. Despite these figures, SVB Financial Group has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or science-based targets indicates a potential area for improvement in their sustainability strategy.
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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.
