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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 | |
| 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.
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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.
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