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 59 is higher than 98% 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 29,438,000 kg CO2e for Scope 1, 75,649,000 kg CO2e for Scope 2 (market-based), and 58,728,000 kg CO2e for Scope 3 emissions. This reflects a commitment to reducing their carbon footprint, with significant targets set for the near future. PNC aims to achieve net zero emissions by 2025 for both Scope 1 and Scope 2 emissions. Additionally, they have set a target to reduce carbon emissions from these scopes by 80% by 2030, alongside a 30% reduction in energy use by the same year. In 2022, PNC's emissions were slightly higher, with Scope 1 at 32,100,000 kg CO2e, Scope 2 at 84,961,000 kg CO2e (market-based), and Scope 3 at 60,922,000 kg CO2e. The company has consistently disclosed emissions across all three scopes, demonstrating transparency in their climate commitments. PNC's initiatives include a commitment to 100% renewable purchased electricity by 2025, further supporting their goal of reducing Scope 2 emissions. The company is also focused on improving operational efficiency and reducing energy consumption, which is critical for achieving their ambitious reduction targets.
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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 | 000,000,000 | 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.
