- Increasing representation for women and historically underrepresented groups in senior leadership
- Need to improve representation across all levels, especially for women, Black/African American and Hispanic/Latinx individuals in senior leadership
SVB Financial Group
Greenhouse gas emissions & sustainability report data
In its 2021 reporting, SVB Financial Group disclosed greenhouse gas emissions of 16.4K tCO2e (Location-Based) / 16235 tCO2e (Market-Based). By scope: Scope 1: 306 tCO2e; Scope 2: 5.7K tCO2e (Location-Based) / 5581 tCO2e (Market-Based); Scope 3: 1.4K tCO2e (FERA) + 1065 tCO2e (Business Travel) + 7270 tCO2e (Commuting) + 585 tCO2e (Upstream Leased Assets). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
16.4K tCO2e (Location-Based) / 16235 tCO2e (Market-Based)
2021
Renewable Energy
1.2% (2021)
of total energy
Energy Use
21.9K MWh
2021
📊 Emissions by Scope (2021)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 306 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 5.7K tCO2e (Location-Based) / 5581 tCO2e (Market-Based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.4K tCO2e (FERA) + 1065 tCO2e (Business Travel) + 7270 tCO2e (Commuting) + 585 tCO2e (Upstream Leased Assets) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021 | 16.4K tCO2e (Location-Based) / 16235 tCO2e (Market-Based) |
| 2020 | 15.8K tCO2e/year (2020) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 4,643,500 tons of annual CO2 avoided across 18 deals completed by SVB’s Project Finance team
- 52% Reduction in GHG emissions from 2019 baseline
🎯 Climate & Sustainability Targets
🔜 Short-term
- SVB employees to participate in diversity, equity and inclusion education (100% by 2023)
- Carbon-neutral operations (100% by 2025)
- 100% renewable electricity use by 2025
📅 Medium-term
- Increase women in senior leadership roles globally (43% by 2025)
- Increase Black/African American representation in US senior leadership roles (5% by 2025)
- Increase Hispanic/Latinx representation in US senior leadership roles (6% by 2025)
- Increase total cumulative spend with diverse suppliers (8% by 2026)
- Small business loans of $1 million or less ( $5 billion by 2026)
🔭 Long-term
- Provide at least $5 billion in loans, investments and other financing by 2027 to support companies advancing sustainability technologies
🌱 ESG Focus Areas
TalentDiversity, Equity and InclusionEconomic ImpactCommunityClimate and EnvironmentGovernance