PNC
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.
DitchCarbon Score
How does PNC's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
PNC's score of 53 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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PNC's reported carbon emissions
In 2023, PNC reported total carbon emissions of approximately 29438000 kg CO2e from Scope 1, 75649000 kg CO2e from Scope 2, and 58728000 kg CO2e from Scope 3 emissions. This reflects a comprehensive approach to emissions reporting, covering all three scopes. Notably, Scope 1 emissions included 4768000 kg CO2e from mobile combustion and 18993000 kg CO2e from stationary combustion. Scope 2 emissions were primarily from purchased electricity, amounting to 143742000 kg CO2e. Comparatively, in 2022, PNC's emissions were approximately 32100000 kg CO2e for Scope 1, 84961000 kg CO2e for Scope 2, and 60922000 kg CO2e for Scope 3. This indicates a slight reduction in Scope 1 emissions year-on-year, while Scope 2 emissions remained relatively stable. PNC has set various targets to reduce emissions per employee, aiming for approximately 3120 kg CO2e per employee, and per million dollars of revenue, targeting about 8.2 kg CO2e. These targets reflect PNC's commitment to improving its carbon efficiency as part of its broader climate strategy. While specific reduction initiatives or science-based targets were not disclosed, PNC's ongoing efforts to monitor and report emissions demonstrate a commitment to transparency and accountability in addressing climate change.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 30,286,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 181,932,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 68,137,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
PNC is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
