Originally published on Silicon Valley Bank
SVB, the financial partner of the innovation economy and parent of Silicon Valley Bank, today released its 2022 Environmental, Social and Governance (ESG) Report. The report details the company’s commitments and strategies to help create a more just, equitable and sustainable world and reports on its programs and progress made throughout 2021.
"As the financial partner of the innovation economy, we support visionary companies and investors boldly addressing the biggest challenges of our time," said Greg Becker, president and CEO of SVB. "Our long history of serving this sector has enabled us to seize opportunities to build a better world, and this report highlights our efforts, progress and commitment to transparency and accountability."
SVB’s ESG program centers on the positive impact its innovative clients make and is built around six strategic initiatives designed to support long-term sustainability for the company:
- Engaging and empowering employees,
- Building a culture of diversity, equity and inclusion at SVB,
- Championing inclusion in the innovation economy,
- Supporting its communities,
- Advancing the transition to a sustainable, low-carbon world, and
- Practicing responsible corporate governance.
Among their highlights:
- $18 Million in Charitable Giving: SVB donated $18 million to charitable causes in 2021, surpassing the company’s annual Pledge 1% goal. Through the Pledge 1% corporate philanthropy pledge, SVB aspires to donate at least one percent of its net income to charitable causes annually.
Read the full ESG report for SVB
