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PNCUnited States
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This profile is actively maintained
Last update: 2024-02-19 14:56:15
PNC's head office in Pitssburgh. Photo:
Bill Dickinson via Flickr (CC BY NC 2.0)
Active
This profile is actively maintained
Last update: 2024-02-19 14:56:15
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About
| Website | https://www.pnc.com/ |
| Headquarters |
249 Fifth Avenue, One PNC Plaza
PA 15222 Pittsburgh
United States
|
| CEO/chair |
William S. Demchak Chairman and CEO |
| Supervisor | |
| Ownership |
listed on NYSE
PNC Financial Services Group's shareholder structure can be accessed here. |
PNC Financial Services Group (PNC) is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia. The company also provides financial services such as asset management, wealth management, estate planning and loan servicing.
Sustainability
Commitments
Policies
Voluntary standards
PNC's most important sustainability commitments can be found at the website sections listed below.
Links
PNC has committed itself to the following voluntary standards:
Dodgy Deals
PNC is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of PNC's link to these deals.
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Accountability
Grievances
PNC does not operate a complaints or grievances mechanism for individuals or communities that might have been affected by its finance.
This page evaluates PNC's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
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Banks and Climate
Banks and Climate
The 2024 Banking on Climate Chaos report showed that PNC provided US$ 108.312 Billion in financing to the fossil fuel industry between 2016 and 2023. In 2023 only, PNC provided US$ 4.271 Billion for oil, gas and coal companies expanding fossil fuels. Find further details on PNC fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.
Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of PNC's fossil fuel policy below.
Banks and Steel
Banks and Steel
According to a report by Reclaim Finance, between 2016 and June 2023, PNC Financial Services provided $3.8 billion in finance to the fossil-steel industry, making it the 41st largest financier worldwide. Find further details on PNC Financial Services' steel financing and how it compares to other large banks globally in the report.
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