PNCUnited States
Created before Nov 2016
Last update: 2016-06-30 15:45:32
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About PNC

PNC Bank NA. is the principal subsidiary of the PNC Financial Services Group, Inc. Based in Pittsburgh, Pennsylvania. PNC operations include a regional banking franchise operating primarily in fifteen states and the District of Colombia, specialized financial business serving companies and government entities, and leading asset management and processing businesses. PNC is the sixth largest bank by deposits in the United States and is the third lagest off-premise ATM provider.

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
Federal Reserve
Annual report CSR Report 2016
Ownership
listed on NYSE Euronext

Publicly traded

PNC owns around 21 per cent of the shares in Black Rock (the world's largest publicly traded asset management firm)

Related Dodgy Deals

PNC has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

Atlantic Coast Pipeline United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
USD 50 million
November 2016
Participation in syndicated loan (revolving credit) of USD 500 million to Dominion Energy
source: Dominion SEC Ex. 10.2
link
Debt – corporate loan
USD 142 million
January 2015
Participation in syndicated loan (revolving credit) of USD 7.5 billion to Duke Energy
source: Duke SEC 10.1
link
Debt – corporate loan
USD 142 million
January 2015
Participation in syndicated loan (revolving credit) of USD 7.5 billion to Duke Energy
source: Duke SEC 10.1
link

Mountain Valley Pipeline United States profile

oil and gas | transport and infrastructure
Bond issue – underwriter
USD 35 million
1 December 2016 - 1 December 2026
source: EQM filings at the SEC
link
Debt – corporate loan
USD 51 million
18 February 2014 - 18 February 2019
source: EQM filings at the SEC
link
There are no active projects for PNC now.

Projects - on record profiles

Annova LNG Terminal United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
USD 20 million
26 May 2016 - 26 May 2021
Part finance of USD 600 million revolving credit facilty
source: Rainforest Action Network
link

Mountain top removal coal mining United States profile

mining - coal
Uncategorised
EUR 118 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 1.104 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Companies - active profiles

CoreCivic United States profile

prison industry
Bond issue – underwriter
USD 1.516 billion
31 December 2018
CoreCivic has issued bonds totalling USD 1.1516 billion. PNC Bank underwrote one or more.
source: CoreCivic 10-K filings at sec.gov
link
Debt – corporate loan
USD 112 million
17 April 2018 - 17 April 2023
Revolving credit facility
source: Sec.gov
link
Debt – corporate loan
USD 28 million
17 April 2018 - 17 April 2023
source: Sec.gov
link
There are no active companies for PNC now.

Companies - on record profiles

Alpha Natural Resources United States profile

mining - coal
Uncategorised
EUR 18.2 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 141.8 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Arch Coal United States profile

mining - coal
Uncategorised
EUR 83.3 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 777.7 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Dodgy Deals map

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News

| |
Type:
Year:
blog
external news
our news

U.S. court order stops some work on Mountain Valley natural gas pipeline in West Virginia

2018-06-25 | Reuters
blog
external news
our news

The Money Behind the Mountain Valley Pipeline: Is Your Bank Financing Another Fracked-Gas Disaster?

2017-05-18 | Oil Change International
blog
external news
our news

Energy Transfer: Which banks continue to support the company behind DAPL?

2017-04-06 | Alison Kirsch - Rainforest Action Network
blog
external news
our news

Financing of coal industry expansion by top banks undermining Paris Agreement

2016-11-14 | Marrakech, Morocco | BankTrack, Friends of the Earth France, Market Forces, Rainforest Action Network, urgewald
blog
external news
our news

New report finds banks betting on climate change

Seventh annual bank finance Report Card reveals major banks poured hundreds of billions into extreme fossil fuels
2016-06-14 | Nijmegen, San Francisco | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
blog
external news
our news

A New Tack in the War on Mining Mountains

2015-03-09 | The New York Times
blog
external news
our news

PNC Bank reduces financing for coal mining projects involving mountaintop removal

2015-03-03 | The Guardian
blog
external news
our news

PNC Bank policy on Mountaintop Removal a positive step

2015-03-02 | San Francisco | Claire Sandberg
blog
external news
our news

PNC Bank policy on Mountaintop Removal a positive step

2015-03-02 | San Francisco | Claire Sandberg
blog
external news
our news

Report Finds Top Banks Moving Away From Coal: Citigroup and Barclays seen as laggards

Fifth annual coal finance report shows JPMorgan Chase and Wells Fargo end financing for mountaintop removal coal
2014-04-17 | San Francisco | Rainforest Action Network
blog
external news
our news

Financial institutions: the next chapter in climate change shareholder activism

2013-05-07 | USA
blog
external news
our news

New Coal Finance Report Card Exposes Risk of Extreme Energy Investments

Banks pump $20 billion into coal despite U.S. coal industry decline and escalating climate impacts
2013-04-29 | San Francisco | Rainforest Action Network
blog
external news
our news

Environmental groups rate banks based on support of coal

2012-05-01 | United States of America | The State journal
blog
external news
our news

US banks risk public health and climate by financing coal

RAN and sierra club detail the “filthy five” banks in third annual “coal Finance report rard”
2012-05-01 | San Francisco, USA | Rainforest Action Network
blog
external news
our news

Shareholders Ask PNC Bank To Live The Green Dream

2011-04-26 | RAN blog
blog
external news
our news

New report card exposes largest financers of mountaintop removal coal mining

2011-04-05 | San Fransisco | Rainforest Action Network
blog
external news
our news

Another big bank turns away from mountaintop removal!

2010-11-02 | San Fransisco, US | Amanda Starbuck, RAN
blog
external news
our news

How do you spell Greenwash? P-N-C

2010-10-11 | RAN, The Understory, blog
blog
external news
our news

Banks toughen lending rules to coal, PNC & UBS still bucking the trend

Two banks take heat for continuing to fund Massey Energy and mountaintop removal mining
2010-08-27 | United States
blog
external news
our news

Rainforest Action Network welcomes JPMorgan’s first public statement on controversial mountaintop removal coal mining

2010-05-17 | San Fransisco | RAN
blog
external news
our news

New report card, largest financers of Mountaintop Removal coal mining

PNC, JPMorgan Chase and UBS receive failing grades
2010-05-13 | San Francisco | Rainforest Action Network

Documents

| | | | | | | | | | | |
Type:
Year:
ngo documents

The Wall Street Banks Still Financing Private Prisons

2019 Data Brief
2019-04-30 00:00:00 | ITPI, Public Accountability Initiative, Center for Popular Deocracy
csr policies

Updated 2016 CSR Report

2017-06-14 00:00:00 | PNC
annual reports

CSR Report 2016

2017-04-05 00:00:00 | PNC
our publications

Shorting the Climate

Fossil Fuel Finance Report Card 2016
2016-06-14 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
annual reports

Annual Report 2013

2015-04-07 00:00:00 | PNC Financial Services Group
annual reports

Annual Report 2014

2015-04-07 00:00:00 | PNC Financial Services Group
annual reports

2014 Corporate Social Responsibility Report

2015-04-07 00:00:00 | PNC Financial Services Group
annual reports

2015 Corporate Responsibility Report

2015-03-02 00:00:00 | PNC Financial Services Group
our publications

Coal Finance Report Card 2014

Extreme Investments; Extreme Consequences
2014-04-17 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
bank documents

PNC’s Sustainability Initiatives

2013-06-25 00:00:00 | PNC Financial Services Group
annual reports

2013 Corporate Responsibility Report

2013-06-19 00:00:00 | PNC Financial Services Group
our publications

Coal Finance Report Card 2013

Extreme investments - US Banks and the Coal Industry
2013-04-29 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
annual reports

2012 Annual Report

2013-03-01 00:00:00 | PNC Financial Services Group
ngo documents

Worldwide investments in Cluster munitions, a shared responsibility

2012-06-20 00:00:00 | IKV Pax Christi & FairFin
our publications

Coal Finance Report Card 2012

Dirty Money, U.S. Banks at the Bottom of the Class
2012-05-01 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
annual reports

CSR Report 2011

2012-03-22 00:00:00 | PNC
annual reports

Annual Report (interactive) 2011

2012-03-22 00:00:00 | PNC
our publications

Policy and Practice

2011 report card on banks and mountaintop removal
2011-04-05 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club
annual reports

CSR report 2010

2010-10-25 00:00:00 | PNC Bank
csr policies

Community impact

2010-06-17 00:00:00 | PNC
csr policies

Environmental responsibility

2010-06-17 00:00:00 | PNC Bank
our publications

Policy and Practice, report card on banks and mountaintop removal

2010-05-13 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack

Media

PNC demonstrations





Links

PNC's corporate social responsibility pages

https://www.pnc.com/en/about-pnc/corporate-responsibility/responsibility-and-continuity.html

Policies

Voluntary initiatives

PNC has committed itself to the following voluntary standards:

Investment policies

The corporate social responsibility report (below) of PNC Financial Services Group makes mention of the development of a mountain top removal policy in 2010, which was subsequently enhanced in 2014. Under the policy PNC will not extend credit to individual mining projects or to coal producers with 25 per cent or more of their production coming from MTR mining. 

The same document makes mention of an extended due diligence procedure for the coals & minerals industry, electric & gas utilities and the oil & gas industry. 

PNC also plans to  to adopt a formal policy that prohibits construction financing of single coal-fired power plants, which lack the most advanced environmental control processes, such as carbon sequestration. 

Year:
csr policies

Updated 2016 CSR Report

2017-06-14 00:00:00 | PNC
csr policies

Community impact

2010-06-17 00:00:00 | PNC
csr policies

Environmental responsibility

2010-06-17 00:00:00 | PNC Bank

Good moves

Year:

2015

Barclays, ING, PNC pull back from Mountaintop Removal

In 2015, US bank PNC, UK bank Barclays and Dutch bank ING all announced new commitments to cut finance for the controversial practice of mountaintop removal (MTR) coal mining. These banks join JPMorgan Chase, Wells Fargo, RBS, BNP Paribas, and UBS - banks that have already committed to cut ties…