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SVB to conduct ‘equity audit’ of tech-industry diversity program

Sumary of SVB to conduct ‘equity audit’ of tech-industry diversity program:

  • SVB Financial President and CEO Greg Becker said the equity audit is meant to measure the impact of the company Access to Innovation program, which aims to improve diversity in the tech industry.
  • The audit results will be used to bolster the company efforts to measure and communicate its impact on increasing inclusion in the innovation economy, SVB said.
  • The parent company of Silicon Valley Bank has hired the law tight Paul, Weiss, Rifkind, Wharton & Garrison to conduct the review of its Access to Innovation initiative.
  • SVB, which is a major lender in the world of Silicon Valley startups, has been providing regular updates on its internal and external diversity, equity and inclusion efforts.

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