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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, a US-based financial intermediation services company, reported Scope 3 investments of approximately 31.9 billion kg CO2e for 2025.
For 2024, PNC's reported emissions included 28.268 million kg CO2e for Scope 1, 6.719 million kg CO2e for market-based Scope 2, and 79.085 million kg CO2e for Scope 3. In 2023, Scope 1 emissions were 29.438 million kg CO2e, market-based Scope 2 were 75.649 million kg CO2e, and Scope 3 were 58.728 million kg CO2e. This followed 2022 emissions of 32.1 million kg CO2e for Scope 1, 84.961 million kg CO2e for market-based Scope 2, and 60.922 million kg CO2e for Scope 3.
PNC has committed to several climate targets, including achieving net-zero Scope 1 and Scope 2 emissions by 2025. The company also aims for an 80% reduction in Scope 1 and 2 carbon emissions by 2030, against a 2022 baseline. Furthermore, PNC targets a 30% energy reduction by 2030 and 100% renewable purchased electricity by 2025. Looking further ahead, PNC is working towards a 75% reduction in carbon emissions and energy use by 2035, compared to a 2009 baseline for Scope 1 and Scope 2 emissions.
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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
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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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
PNC3 months ago
55
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