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 higher than 68% 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 2, alongside significant Scope 3 emissions. Specifically, Scope 1 emissions were about 306,000 kg CO2e, while Scope 2 emissions totalled approximately 5,581,000 kg CO2e (market-based). Scope 3 emissions were notably high, with employee commuting contributing around 7,270,000 kg CO2e, business travel at about 1,065,000 kg CO2e, and capital goods at approximately 1,428,000 kg CO2e. Comparatively, in 2020, the bank's emissions were higher, with Scope 1 at about 575,000 kg CO2e and Scope 2 at approximately 6,781,000 kg CO2e (market-based). The Scope 3 emissions also reflected a significant footprint, particularly in business travel and employee commuting. Despite these figures, Silicon Valley Bank has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of defined reduction strategies suggests a need for enhanced climate commitments within the organisation. As the bank continues to navigate its environmental impact, it remains crucial for them to establish measurable goals to align with industry standards for sustainability and climate action.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 613,000 | 000,000 | 000,000 |
| Scope 2 | 7,767,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 22,055,000 | 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.
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.
