PNC Financial Services Group, commonly known as PNC, is a leading financial institution headquartered in the United States, with a significant presence in major operational regions including the Midwest, Mid-Atlantic, and Southeast. Founded in 1845, PNC has evolved into a diversified financial services provider, offering a wide range of products and services such as retail banking, corporate banking, asset management, and mortgage financing.
Renowned for its innovative approach, PNC stands out with unique offerings like its Virtual Wallet, which integrates banking and budgeting tools. The company has consistently maintained a strong market position, recognised for its commitment to customer service and community engagement. With a rich history marked by key milestones, PNC continues to be a trusted partner for individuals and businesses alike, driving financial success across the nation.
+19 vs industry average
PNC’s score of 54 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
PNC's reported carbon emissions
PNC's latest reported emissions data is for 2025, with Scope 3 emissions from investments totalling approximately 31.9 billion kg CO2e. For the 2024 reporting year, PNC reported total Scope 1 emissions of approximately 28.3 million kg CO2e, with stationary combustion contributing 18.2 million kg CO2e and mobile combustion 5.2 million kg CO2e. Scope 2 emissions for 2024, using the market-based method, were approximately 6.7 million kg CO2e, and the location-based method recorded 126.3 million kg CO2e, with purchased electricity accounting for the majority. Scope 3 emissions in 2024 amounted to approximately 79.1 million kg CO2e, primarily driven by employee commutes (48.6 million kg CO2e) and business travel (21.4 million kg CO2e). The company has set several climate commitments. PNC aims to achieve net zero emissions by 2025 for Scopes 1 and 2. Looking ahead, PNC has committed to an 80% reduction in carbon emissions for Scopes 1 and 2 by 2030, compared to a 2022 baseline. Furthermore, the company is working towards sourcing 100% renewable purchased electricity by 2025. PNC also has a long-term goal to reduce carbon emissions and energy use by 75% by 2035, using a 2009 baseline for Scopes 1 and 2. Additionally, there is a near-term target for a 30% energy reduction by 2030. PNC's emissions data is not cascaded from a parent organisation, and its climate initiatives and performance data originate from The PNC Financial Services Group, Inc.
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PNC’s Climate Goals (2030 & 2050)
8 goals2030
80% reduction in Scope 2
80% carbon emissions reduction (Scopes 1 & 2) by 2030
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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