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.
DitchCarbon Score
How does Silicon Valley Bank'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
Silicon Valley Bank's score of 26 is lower than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Silicon Valley Bank's reported carbon emissions
In 2021, Silicon Valley Bank 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). The bank's Scope 3 emissions were significant, totalling about 14,280,000 kg CO2e from capital goods, 1,065,000 kg CO2e from business travel, and 7,270,000 kg CO2e from employee commuting. Comparatively, in 2020, the bank's total emissions were approximately 6,750,000 kg CO2e from Scope 1 and Scope 2, 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 1,579,000 kg CO2e from capital goods and 2,692,000 kg CO2e from business travel. In 2019, the total emissions were significantly higher, at approximately 30,990,000 kg CO2e, with Scope 1 emissions of about 613,000 kg CO2e and Scope 2 emissions at approximately 7,767,000 kg CO2e (market-based). The Scope 3 emissions were dominated by business travel, contributing about 13,257,000 kg CO2e. Despite these figures, Silicon Valley Bank has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The emissions data is cascaded from the parent organization, reflecting a merged entity structure. The bank's climate commitments and performance are derived from its own reporting, with no additional initiatives sourced from external climate frameworks.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 575,000 | 000,000 |
| Scope 2 | 6,781,000 | 0,000,000 |
| Scope 3 | 9,556,000 | 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.
Silicon Valley Bank 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.
