SVB Financial Group

09/15/2022 | Press release | Distributed by Public on 09/15/2022 07:07

SVB Joins More Than 2,000 CEOs in Commitment to Advance Diversity, Equity and Inclusion in the Workplace

SANTA CLARA, Calif. September 15, 2022 -SVB, the financial partner of the innovation economy and parent of Silicon Valley Bank, has joined CEO Action for Diversity & Inclusion™, a growing coalition pledging to advance diversity and inclusion in the workplace. SVB President and CEO Greg Becker joins more than 2,000 CEOs in committing to promote open internal dialogue on DEI strategies and share examples of action with the CEO Action community.

By signing on to this commitment, SVB pledges to:

  • Continue to cultivate a workplace that supports open dialogue on complex, and sometimes difficult, conversations about DEI;
  • Implement and expand unconscious bias education;
  • Share examples of actions taken - including those that have been successful and unsuccessful - with the CEO Action community; and
  • Continue to create and share strategic DEI plans with the SVB Board of Directors.

"We aspire to be an employer of choice in the innovation ecosystem and to continue creating a workplace where everyone is connected, celebrated and supported," said Greg Becker, President and CEO of SVB. "I am proud that SVB is making this pledge and it underscores my personal commitment to foster a culture of inclusion where employees can openly share their perspectives, address challenges and make progress toward our DEI goals."

CEO Action for Diversity & Inclusion™ aims to cultivate an ecosystem centered around collaboration and sharing, driven by an understanding that advancing DEI is not a competitive issue but a societal issue that CEOs can play a critical role in addressing. The coalition of more than 2,000 signatories has already shared more than 1,400 real-world examples of actions taken on the initiative's hub, CEOAction.com. The library of actions is meant to provide learnings and best practices, and foster candid conversations about cultivating more diverse and inclusive workplace environments.

The CEO Action for Diversity & Inclusion™ is led by a steering committee of CEOs and leaders from Accenture, BCG, Deloitte US, The Executive Leadership Council, EY, General Atlantic, KPMG, New York Life, Procter & Gamble and PwC. The coalition represents 85 industries with members located in 50 states and employing millions globally. To learn more about the pledge, visit CEOAction.com.

Contact
Lucy Muscarella, Corporate Communication
[email protected]

About CEO Action for Diversity & Inclusion™
 CEO Action for Diversity & Inclusion™ is the largest CEO-driven business commitment to advance diversity and inclusion within the workplace. Bringing together over 2,000 CEOs of America's leading organizations, the commitment outlines actions that participating companies pledge to take to cultivate a workplace where diverse perspectives and experiences are welcomed and respected, employees feel comfortable and encouraged to discuss diversity and inclusion, and where best known-and unsuccessful-actions can be shared across organizations. Learn more at CEOAction.com and connect with us on Twitter: @CEOAction.

About SVB
 SVB is the financial partner of the innovation economy, helping individuals, investors and the world's most innovative companies achieve their ambitious goals. SVB's businesses - Silicon Valley Bank, SVB Capital, SVB Private and SVB Securities - together offer the services that dynamic and fast-growing clients require as they grow, including commercial banking, venture investing, wealth planning and investment banking. Headquartered in Santa Clara, California, SVB operates in centers of innovation around the world. Learn more at svb.com/global. [SIVB-C]

SVB Financial Group (SVB) (Nasdaq: SIVB) is the holding company for all business units and groups. © 2022 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, SVB SECURITIES, SVB PRIVATE, SVB CAPITAL and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group.