Silicon Valley Bank
Silicon Valley Bank (SVB), headquartered in the United States, is a leading financial institution that primarily serves the innovation sector. Founded in 1983, SVB has established itself as a key player in the banking industry, focusing on technology, life sciences, and venture capital. With a strong presence in major operational regions such as California, New York, and Massachusetts, the bank offers a range of specialised services tailored to startups and growth companies.
SVB's core products include commercial banking, investment banking, and asset management, distinguished by their deep industry expertise and commitment to fostering innovation. The bank has achieved notable milestones, including its role in financing some of the most successful tech companies in history. As a trusted partner for entrepreneurs and investors, Silicon Valley Bank continues to solidify its market position through strategic insights and a robust network within the innovation ecosystem.
-9 vs industry average
Silicon Valley Bank’s score of 26 is lower than 39% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2024
Reported emissions
Scope 3 accounts for ••• of total emissions.
Silicon Valley Bank's reported carbon emissions
Silicon Valley Bank (SVB), headquartered in the US, reported its carbon emissions for the years 2019, 2020, and 2021. In 2021, SVB's total emissions amounted to approximately 7.7 million kg CO2e, comprising Scope 1 emissions of about 306,000 kg CO2e and Scope 2 emissions (market-based) of approximately 5.58 million kg CO2e. Scope 3 emissions for 2021 were reported across several categories, including capital goods (approximately 1.43 million kg CO2e), business travel (about 1.07 million kg CO2e), employee commute (approximately 7.27 million kg CO2e), and upstream leased assets (about 585,000 kg CO2e). Notably, data for Scope 3's purchased goods and services was missing for this year. For 2020, the bank's total emissions were approximately 14.1 million kg CO2e. This included Scope 1 emissions of about 575,000 kg CO2e and Scope 2 emissions (market-based) of approximately 6.78 million kg CO2e. Scope 3 emissions in 2020 included capital goods (approximately 1.58 million kg CO2e), business travel (about 2.69 million kg CO2e), employee commute (approximately 4.76 million kg CO2e), and upstream leased assets (about 525,000 kg CO2e). Similar to 2021, purchased goods and services were a missing data point for Scope 3. In 2019, SVB reported total emissions of approximately 31 million kg CO2e. Scope 1 emissions were around 613,000 kg CO2e, and Scope 2 emissions (market-based) were approximately 7.77 million kg CO2e. Scope 3 emissions for 2019 included business travel (about 13.26 million kg CO2e), employee commute (approximately 7.27 million kg CO2e), upstream leased assets (about 555,000 kg CO2e), and fuel and energy-related activities (approximately 1.53 million kg CO2e). Purchased goods and services were also a missing data point for Scope 3 in this year. SVB's emissions data is cascaded from the organization itself, indicating it reports its own performance. The company has not publicly disclosed specific reduction targets or commitments through initiatives like the Science Based Targets initiative (SBTi) or The Climate Pledge, based on the available information.
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Silicon Valley Bank’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Silicon Valley Bank yet.
Scope 3 top emissions categories
4 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Silicon Valley Bank
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