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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 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
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 latest reported emissions data is for 2025, with Scope 3 investments totalling approximately 31.9 billion kg CO2e. For 2024, total Scope 1 and 2 emissions, using the market-based approach, were approximately 34.988 million kg CO2e. Scope 3 emissions for 2024 were approximately 79.085 million kg CO2e, comprising business travel and employee commute.
PNC has set ambitious climate targets. The company aims for net-zero emissions by 2025 for both Scope 1 and Scope 2. Furthermore, PNC is working towards an 80% reduction in Scope 1 and 2 carbon emissions by 2030, compared to a 2022 baseline. Additionally, a 75% reduction in carbon emissions and energy use, compared to a 2009 baseline, is targeted by 2035. PNC also aims to achieve 100% renewable purchased electricity by 2025.
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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
See details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
2025 targetSee details
Active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
PNC2 months ago
55
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