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PNC Financial Services Group, commonly known as PNC, is a leading provider of financial intermediation services based in the United States. Founded in 1845, PNC has established a strong presence across major operational regions, including the Mid-Atlantic, Midwest, and Southeast. The company operates within the financial intermediation sector, focusing on a diverse range of services such as retail banking, corporate banking, asset management, and wealth management.
With a commitment to innovation, PNC offers unique products like its Virtual Wallet, which integrates banking and budgeting tools to enhance customer experience. The firm has consistently been recognised for its strong market position, achieving notable milestones such as being named one of the top banks in the U.S. for customer satisfaction. PNC's dedication to providing tailored financial solutions underscores its reputation as a trusted partner in the financial services industry.
55
DitchCarbon score
+18 vs industry average
PNC’s score of 55 is higher than 69% 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
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
PNC's reported carbon emissions
PNC's climate commitments and emissions data highlight its efforts to reduce its environmental impact. For 2025, the company reported Scope 3 emissions from investments of 31.9 billion kg CO2e.
Looking back to 2024, PNC reported Scope 1 emissions of approximately 28.27 million kg CO2e, primarily from stationary combustion (18.19 million kg CO2e) and mobile combustion (5.25 million kg CO2e). Scope 2 emissions (market-based) were about 6.72 million kg CO2e, with location-based Scope 2 emissions at approximately 126.31 million kg CO2e, largely due to purchased electricity (124.32 million kg CO2e). Scope 3 emissions for 2024 totalled about 79.09 million kg CO2e, including business travel (21.38 million kg CO2e) and employee commuting (48.55 million kg CO2e).
In 2023, PNC's Scope 1 emissions were approximately 29.44 million kg CO2e, with Scope 2 market-based emissions around 75.65 million kg CO2e (location-based at 146.67 million kg CO2e). Scope 3 emissions stood at about 58.73 million kg CO2e, encompassing business travel (19.59 million kg CO2e) and employee commuting (30.69 million kg CO2e).
For 2022, Scope 1 emissions were roughly 32.10 million kg CO2e, and Scope 2 market-based emissions were about 84.96 million kg CO2e (location-based at 170.66 million kg CO2e). Scope 3 emissions reached approximately 60.92 million kg CO2e, including business travel (18.34 million kg CO2e) and employee commuting (34.05 million kg CO2e).
PNC aims to achieve net-zero Scope 1 and Scope 2 emissions by 2025. The company has a near-term target to reduce Scope 1 and 2 carbon emissions by 80% by 2030, using a 2022 baseline. Additionally, PNC is committed to a 30% energy reduction by 2030 and sourcing 100% renewable purchased electricity by 2025. Looking further ahead, PNC has a long-term goal to reduce Scope 1 and 2 carbon emissions and energy use by 75% by 2035, compared to a 2009 baseline. These targets are sourced from The PNC Financial Services Group, Inc.
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PNC’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
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Active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
2025 targetSee details
Active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
PNC2 months ago
55
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