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 45 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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, and 58,728,000 kg CO2e for Scope 3 emissions. This reflects a commitment to transparency in their carbon footprint across all scopes, with significant contributions from mobile and stationary combustion in Scope 1, and purchased electricity in Scope 2. Over the years, PNC has demonstrated a trend of reducing emissions. For instance, Scope 1 emissions decreased from about 30,286,000 kg CO2e in 2019 to 29,438,000 kg CO2e in 2023. Similarly, Scope 2 emissions saw a reduction from 181,932,000 kg CO2e in 2019 to 75,649,000 kg CO2e in 2023, indicating a substantial shift towards more sustainable energy practices. PNC has set various targets to further reduce emissions, including metrics for emissions per employee, revenue, and square footage. For example, their target emissions per employee for 2023 is approximately 3,120 kg CO2e. However, specific reduction targets aligned with the Science Based Targets initiative (SBTi) have not been disclosed. Overall, PNC's climate commitments reflect a proactive approach to managing and reducing their carbon emissions, contributing to broader industry efforts to combat climate change.
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Get Started| 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 not committed to any reduction initiatives 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.
