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 26 is lower than 58% 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, with emissions distributed across various scopes. Specifically, Scope 1 emissions accounted for about 520,000 kg CO2e, while Scope 2 emissions were approximately 6,820,000 kg CO2e (market-based) and 6,948,000 kg CO2e (location-based). Scope 3 emissions included significant contributions from business travel (about 3,085,000 kg CO2e), employee commute (approximately 4,018,000 kg CO2e), and fuel and energy-related activities (around 1,395,000 kg CO2e). In 2019, the total emissions were higher, at about 30,990,000 kg CO2e, with Scope 1 emissions of approximately 613,000 kg CO2e, Scope 2 emissions of about 7,767,000 kg CO2e (market-based), and 7,781,000 kg CO2e (location-based). Scope 3 emissions for that year were significantly larger, with business travel contributing around 13,812,000 kg CO2e and employee commute at approximately 7,268,000 kg CO2e. Despite these figures, SVB Financial Group has not disclosed specific reduction targets or initiatives, nor does it appear to have cascaded data from a parent company. The organisation's commitment to addressing climate change remains unclear, as there are no stated climate pledges or SBTi targets. Overall, SVB Financial Group's emissions data highlights the need for enhanced transparency and commitment to climate action in the financial sector.
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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.
