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Silicon Valley Bank Included in 2020 Bloomberg Gender-Equality Index

Company News  | 

Santa Clara, Calif. January 21, 2020 Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors, today announced that it is one of 325 companies across 50 industries included in the 2020 Bloomberg Gender-Equality Index (GEI). The GEI expanded in 2020 to represent 42 countries and regions, including firms headquartered in the Czech Republic, New Zealand, Norway, Philippines, Poland, and Russia for the first time. Companies range from a variety of industries, including automotive, banking, consumer services, engineering and construction, and retail.

“We are proud to be a member of the Bloomberg Gender Equality index for a second year in a row,” said Greg Becker, President and CEO of SVB Financial Group and CEO of Silicon Valley Bank. “Fostering diversity and inclusion across the company is a key strategic priority for SVB and providing greater transparency on our progress is a critical component.”

The GEI tracks the financial performance of public companies committed to supporting gender equality through policy development, representation, and transparency. The reference index measures gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand. This year, Bloomberg expanded the eligibility for inclusion in the index to nearly 6,000 companies across 84 countries and regions.

The 2019 GEI included 230 companies headquartered across 36 countries and regions. SVB was also included in the 2019 GEI.

"The 325 companies included in the 2020 GEI have shown their commitment to transparency and demonstrated leadership in gender-related data reporting," said Peter T. Grauer, Chairman of Bloomberg. "Disclosure of company statistics and practices is an important first step in supporting gender equality globally."

Through disclosure of gender-related metrics using the GEI framework, the firms included in the 2020 GEI have provided a comprehensive look at their investment in workplace gender equality and the communities in which they operate. Silicon Valley Bank was included in this year’s index for scoring at or above a global threshold established by Bloomberg to reflect a high level of disclosure and overall performance across the framework’s five pillars.

Both the framework and the GEI are voluntary and have no associated costs. The GEI is a reference index and is not for use as a financial benchmark. The index is not ranked. While all public companies are encouraged to disclose supplemental gender data for their company’s investment profile on the Bloomberg Terminal, those that have a market capitalization of USD1 billion are eligible for inclusion in the index. To learn more please visit the GEI website. Bloomberg Terminal subscribers can access the GEI at {BGEI <GO>}.

About Silicon Valley Bank
For more than 35 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators. Learn more at svb.com.

Press Contacts
Julia Thompson
Silicon Valley Bank
+1 415-764-4707
Jthompson3@svb.com

Veronika Henze
Bloomberg LP
+1-646-324-1596
vhenze@bloomberg.net

Liidia Liuksila
Bloomberg LP
+1 212-617-5424
Lliuksila@bloomberg.net

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