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 72 is higher than 85% 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 2024, PNC reported total carbon emissions of approximately 28,268,000 kg CO2e for Scope 1, 6,719,000 kg CO2e for Scope 2 (market-based), and 79,085,000 kg CO2e for Scope 3 emissions. This reflects a decrease in Scope 1 emissions from 29,438,000 kg CO2e in 2023, while Scope 2 emissions also saw a reduction from 75,649,000 kg CO2e in the previous year. The company’s Scope 3 emissions increased from 58,728,000 kg CO2e in 2023. PNC has set ambitious climate commitments, aiming for net zero emissions by 2025 across both Scope 1 and Scope 2 emissions. Additionally, the bank plans to achieve 100% renewable purchased electricity by 2025 and aims for an 80% reduction in carbon emissions for Scopes 1 and 2 by 2030. Furthermore, PNC is targeting a 30% reduction in energy consumption by 2030. These commitments are part of PNC's broader strategy to enhance sustainability and reduce its carbon footprint, aligning with industry standards and expectations for corporate responsibility in climate action.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 23,767,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 146,807,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 16,467,000 | 00,000,000 | 00,000,000 | 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.
