Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change

Environmental Achievements

• In 2020, SVB’s Project Finance team completed 20 renewable-energy deals that supported 3,775 megawatts of solar generation and 1,213 megawatts of renewable-energy equipment; when aggregated, this will avoid over 4 million tons of CO2 annually
• Conducted first GHG inventory in 2019, expanded in 2020 to include employee commute as well as fuel- and energy-related activities

Social Achievements

• Not disclosed

Governance Achievements

• Board Governance Committee updated the Committee Charter to include responsibility for overseeing ESG strategy, including climate, with Committee to receive updates at least annually
• Established ESG Program Office, reporting to the Head of Corporate Social Responsibility (CSR), to coordinate ESG working groups, strategy and implementation enterprise-wide, including hiring a Director of Climate Risk and Strategy in the ESG Program Office to facilitate our enterprise-wide climate strategy
• Established a cross-functional, senior management level ESG Advisory Committee to guide enterprise-wide ESG, including climate strategy
• Established cross-functional working groups to develop and implement climate strategy, including Climate Risk Working Group, Communications and Disclosure Working Group, Investments Working Group, Operational Climate Working Group and Risk Working Group

Climate Goals & Targets

Environmental Challenges

• Acute physical risks from climate-related weather events and changing weather patterns — such as prolonged drought, wildfires and floods — can adversely affect our business, financial conditions and results of operations.
• Chronic physical risks from climate-related weather events and changing weather patterns can adversely affect our business, financial condition and results of operations.
• SVB’s enterprise risk management and legal departments regularly monitor for potential regulatory risks, including current and future climate-related regulations.
• There is a risk that our cleantech clients’ technologies may not achieve their objectives.
• There is a risk that SVB may miss business opportunities driven by disruptive technology if we are not monitoring market trends effectively.
• Market risks that may affect SVB’s business lines are regularly monitored. A climate-driven market risk, for example, is the potential for acute or chronic physical climate impacts, such as wildfire, to affect the value of certain housing markets where SVB offers Private Bank mortgages.
• SVB could be exposed to reputation risk if we bank technology or business models that contribute to climate change.
• Business disruptions and interruptions due to natural disasters can adversely affect our business, financial condition and results of operations.

Mitigation Strategies

• Enterprise risk management (ERM) framework serves as our approach to identify, assess and manage risks on which climate change will likely have an impact
• Through our ERM framework, business risk teams affected by acute physical risks, such as wildfire, have been able to respond during crises to rapidly identify and manage assets at risk
• UK branch conducted preliminary, qualitative assessment of transitional and physical risks of climate change
• Monitoring emerging regulatory and industry developments globally
• Operational risks are addressed through business continuity plans
• In 2020, SVB provided coverage for hotel, food and incidentals for employees affected by wildfires
• We are exploring processes to assess credit, strategic, operational and reputational risks from climate and other environmental and social issues across business segments and will identify opportunities for common policies and processes.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• wildfires
• droughts
• floods
• increasing temperatures

Transition Risks

• regulatory changes
• technology risks
• market shifts

Opportunities

• increase revenue by offering new financial products to meet clients’ needs or by expanding client base
• enhance competitive position in climate tech space
• enhance our brand and reputation with key stakeholders, including clients, investors and employees

Reporting Standards

Frameworks Used: TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Talent
• Diversity, Equity and Inclusion
• Economic Impact
• Community
• Climate and Environment
• Governance

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

Social Achievements

• Established 6 Employee Resource Groups
• Donated approximately $18 million to charitable causes in 2021
• Reached 6,058 lives through events and mentorships via Access to Innovation program

Governance Achievements

• Received an Outstanding rating for our 2018-2020 CRA Strategic Plan
• 45% of our Board of Directors are women

Climate Goals & Targets

Environmental Challenges

• 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

Mitigation Strategies

• Introduced goals to strengthen hiring and amplify talent development initiatives to create paths to senior leadership
• Partnered with a consulting firm to measure employee belonging, talent pipeline maturity, and DEI infrastructure

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Wildfire

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Growth in climate-related opportunities

Reporting Standards

Frameworks Used: SASB Commercial Bank Sector Standard, World Economic Forum’s Stakeholder Capitalism Metrics, TCFD, CDP

Third-party Assurance: Lloyd’s Register Quality Assurance (LRQA)

Awards & Recognition

• America’s Most Responsible Companies
• Best Banks in America (#9)
• Best Regional Banks (#1)
• Fastest-Growing Companies