At SVB Financial Group, satisfying the complex needs of our clients is what our business is all about. We work hard to be the premier provider of innovative financial services to entrepreneurial companies of all sizes worldwide.
But that's only part of our story. Behind every client of SVB Financial Group is a system dedicated to earning their trust. Whether it's called "corporate citizenship" or "social responsibility," SVB Financial Group takes seriously its commitment to conducting business in an ethical and responsible manner. We live up to that commitment in the way we work, in our accountability to shareholders and our engagement with our employees, customers, the communities we are chartered to serve and the environment in which we operate.
The Way We Work and Our Accountability to Shareholders
Effective corporate governance is essential for maintaining the public trust and achieving long-term sustainable value for all of our stakeholders. SVB Financial Group is committed to sound oversight consistent with the best interests of our stakeholders, ethical business principles and adherence to the letter and spirit of the law. SVB Financial Group is also diligent about ensuring its compliance with requirements of all applicable banking laws and Generally Accepted Accounting Principles, and reporting our financial results objectively and accurately. For more information please see our Corporate Governance statement and details about the Board of Directors.
Engagement with Our Employees
Engaged, able and qualified employees who feel fulfilled and energized, and who embrace our business strategy and culture, help make our business successful. SVB Financial Group is deeply committed to investing in employees and developing current and future leaders. This is achieved through a welcoming and collaborative environment, a safe and healthy workplace, organizational transparency, and attractive compensation. Our goal is to consistently be recognized as a great place to work. For more information about compensation, employee activities and career opportunities, please see our Careers site.
The Communities We Are Chartered to Serve
In return for federal deposit insurance, financial institutions are required to make every effort to provide financial services to low- and moderate-income individuals and the low- and moderate-income communities the institution is chartered to serve as mandated through the Community Reinvestment Act ("CRA"). SVB Financial Group looks beyond the mandates of this regulatory requirement and stands on the belief that communities are the building blocks of our nation and that the economic health of our communities affects not only our local economy, but the international economy as well.
Silicon Valley Bank's Community Development Finance Practice is dedicated to providing Bay Area housing developers with financing for both single and multifamily affordable housing projects. We have developed strategic partnerships with the California Housing Finance Agency and the California Community Reinvestment Corporation.
SVB Financial Group's goal is to dedicate resources to positively impact communities throughout its footprint in a manner that is sustainable and inclusive, and to consistently achieve a "Satisfactory" rating by the Federal Reserve on our CRA examinations. For more information, please read about SVB Financial Group's CRA program.
A sustainable commitment to the communities we serve requires employee collaboration with various financial organizations, corporate leaders, foundations, non-profits, government entities (domestic and international) and others. SVB Financial Group employees at all levels participate in a variety of activities that make communities a better place to live and work. Visit our SVB in the Community page.
The SVB Foundation
In order to support employee participation in community activities, the SVB Foundation makes grants on a quarterly basis to community organizations where SVB Financial Group employees volunteer or serve in leadership positions, and the organizations share our goal of serving and improving the community.
The Environment In Which We Operate
As with most financial service organizations, SVB Financial Group's main impact on the environment is indirect, through our lending and investments. The environmental risks facing businesses today add a new dimension to risk management. SVB Financial Group's role of allocating capital to cutting-edge businesses brings with it responsibilities of recognizing those risks and considering the sometimes conflicting interests of our clients and other stakeholders in society. SVB Financial Group is committed to being a well-informed and valued business partner for our clients, resulting in both increased business opportunities and decreased environmental risks.