SVB Financial Group Sustainability Profile
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 52% 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 2020, SVB Financial Group reported total carbon emissions of approximately 15,838,000 kg CO2e. This figure includes Scope 1 emissions of about 520,000 kg CO2e, Scope 2 emissions of approximately 6,820,000 kg CO2e (market-based), and Scope 3 emissions totalling around 8,498,000 kg CO2e, which encompasses business travel, employee commute, and fuel and energy-related activities. In 2019, the company’s total emissions were about 30,990,000 kg CO2e, with Scope 1 emissions at approximately 613,000 kg CO2e, Scope 2 emissions of around 7,767,000 kg CO2e (market-based), and Scope 3 emissions reaching about 21,000,000 kg CO2e. Despite these figures, SVB Financial Group has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of SBTi (Science Based Targets initiative) reduction targets indicates a lack of formalised climate pledges. The emissions data is sourced directly from SVB Financial Group, with no cascaded data from parent or related organisations. The company continues to operate within the financial services sector, which is increasingly scrutinised for its environmental impact and commitment to sustainability.
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| 2019 | 2020 | |
|---|---|---|
| Scope 1 | 613,000 | 000,000 |
| Scope 2 | 7,767,000 | 0,000,000 |
| Scope 3 | 22,610,000 | 0,000,000 |
How Carbon Intensive is SVB Financial Group's Industry?
How Carbon Intensive is SVB Financial Group's Location?
SVB Financial Group's Scope 3 Categories Breakdown
SVB Financial Group's Scope 3 emissions, which decreased by 62% last year and decreased by approximately 62% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 54% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 47% of Scope 3 emissions.
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SVB Financial Group's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
SVB Financial Group has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
