PNC

PNC's reported carbon emissions

PNC, a financial intermediation services provider headquartered in the US, reported approximately 176.1 billion kg CO2e for Scope 1 and 2 emissions on a location-based approach in 2023. In 2022, Scope 1 and 2 emissions were approximately 202.76 billion kg CO2e location-based, with Scope 1 emissions at about 32.1 million kg CO2e and Scope 2 at around 170.66 billion kg CO2e. Scope 3 emissions in 2022 were approximately 60.92 billion kg CO2e, with business travel accounting for about 18.34 billion kg CO2e and employee commute for approximately 34.05 billion kg CO2e. In 2024, PNC's Scope 1 emissions totalled about 28.27 million kg CO2e, comprising 5.25 million kg CO2e from mobile combustion and 18.19 million kg CO2e from stationary combustion. Scope 2 emissions, using a market-based approach, were approximately 6.72 billion kg CO2e, while the location-based figure stood at about 126.31 billion kg CO2e, with purchased electricity making up the vast majority. Scope 3 emissions in 2024 were approximately 79.09 billion kg CO2e, with business travel at about 21.38 billion kg CO2e and employee commute at approximately 48.55 billion kg CO2e. For 2025, PNC projects Scope 3 emissions from investments to be approximately 31.9 billion kg CO2e. PNC has set several climate commitments. The company aims to achieve net zero emissions by 2025 for both Scope 1 and Scope 2. Furthermore, PNC has committed to an 80% carbon emissions reduction for Scopes 1 and 2 by 2030, compared to a 2022 baseline. They also aim for a 30% energy reduction by 2030. Additionally, PNC has a long-term goal to reduce carbon emissions and energy use by 75% by 2035, referencing a 2009 baseline. They are also working towards 100% renewable purchased electricity by 2025. PNC's emissions data is not cascaded from a parent organization.