GHG Emissions, Finance - August 19, 2022
SVB Commits to Offering Sustainable Loans
SVB, the financial partner of the innovation economy and parent of Silicon Valley Bank, announced its commitment to provide at least $5 billion by 2027 in loans, investments and other financing to support clients' sustainability businesses.
The company set a goal to achieve carbon-neutral operations by 2025.
SVB's sustainable finance commitment aims to support companies that are working to decarbonize the energy and infrastructure industries and hasten the transition to a sustainable, low-carbon, net-zero emissions economy.
Details were provided in its 2022 Environmental, Social and Governance (ESG) Report.
"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 in a statement. "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."