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PNC's head office in Pitssburgh. Photo: Bill Dickinson via Flickr (CC BY NC 2.0)

Active

This profile is actively maintained
Last update: 2025-02-14 16:12:29
Bank info
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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
Federal Reserve
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

Corporate responsibility

Human rights statement

Bank policy
2023-11-22 00:00:00 | PNC

Responsible lending practices

Bank policy
2023-11-21 00:00:00 | PNC
PNC has committed itself to the following voluntary standards:
Global Reporting InitiativeTags: sustainable development | human rights
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
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.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks fossil fuel finance totals $869 billion in 2024, a dramatic increase in financing

Annual Banking on Climate Chaos reports $429 billion USD going to fossil fuel expanding companies; totaling $1.6 trillion to these companies since 2021
2025-06-17 | New York | BankTrack, urgewald, Center for Energy, Ecology and Development (CEED), Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

The 2024 Global Coal Exit List: Too much coal and too little exit

2024-10-30 | Berlin | urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

Energy supply financing ratios: the next milestone in banks’ climate strategy

The energy supply financing ratio is a key indicator that synthesizes two major challenges in limiting global warming to 1.5°C: the phase-out of fossil fuels and the development of sustainable alternatives.
2024-10-07 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks financed fossil fuels by $6.9 trillion dollars since the Paris Agreement; $705 billion provided in 2023 alone; JPMorgan Chase, Mizuho, and Bank of America are worst 3 funders

Annual Banking on Climate Chaos report with an updated methodology offers comprehensive look at who’s bankrolling the climate crisis
2024-05-13 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

New study: Financing for industrial livestock undermines U.S. banks’ climate commitments

Bank of America, Citigroup, and JPMorgan Chase responsible for more than half of the $134 billion in financing examined in the report
2024-04-10 | Washington D.C. | Friends of the Earth, Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

The banks financing dirty steel

The world’s major banks continue to support the largest and most polluting steel producers
2024-03-26 | Paris, France | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Will US banks become the next target for activists fighting the Mountain Valley Pipeline?

2023-08-28 | BankTrack, 7 Directions of Service, Protect Our Water, Heritage, Rights (POWHR), Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Decarbonization: steel not making the cut

Analysis by Reclaim Finance shows that few financial institutions have steel targets, and that those that have been adopted are riddled with flaws
2023-08-23 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

US banks and climate-related policy: How the sector engages on sustainable finance and real economy climate policies

New report from InfluenceMap
2023-06-29 | InfluenceMap
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Canadian bank RBC the #1 financier of fossil fuels, world’s biggest banks continued to pour billions into fossil fuel expansion

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2023-04-13 | San Francisco | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
BankTrack news BankTrack blog Partner news Partner blog

Where Banks Don’t Lend

In Chicago, lenders have invested more in a single white neighborhood than all the black neighborhoods combined. Call it modern-day redlining.
2020-06-03 | Chicago | WBEZ
BankTrack news BankTrack blog Partner news Partner blog

Big businesses face pressure to avoid investing in areas Trump wants to develop

A dozen-and-a-half senators wrote letters to 11 of the largest U.S. banks asking them to back down from financing any oil and gas activity in an unspoiled expanse of Arctic wilderness.
2020-02-03 | The Washington Post
BankTrack news BankTrack blog Partner news Partner blog

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

2018-06-25 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2017-05-18 | Oil Change International
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2017-04-06 | Alison Kirsch - Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

A New Tack in the War on Mining Mountains

2015-03-09 | The New York Times
BankTrack news BankTrack blog Partner news Partner blog

PNC Bank reduces financing for coal mining projects involving mountaintop removal

2015-03-03 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

PNC Bank policy on Mountaintop Removal a positive step

2015-03-02 | San Francisco | Claire Sandberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays, ING, PNC pull back from Mountaintop Removal

2015 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Financial institutions: the next chapter in climate change shareholder activism

2013-05-07 | USA
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Environmental groups rate banks based on support of coal

2012-05-01 | United States of America | The State journal
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Shareholders Ask PNC Bank To Live The Green Dream

2011-04-26 | RAN blog
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report card exposes largest financers of mountaintop removal coal mining

2011-04-05 | San Fransisco | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Another big bank turns away from mountaintop removal!

2010-11-02 | San Fransisco, US | Amanda Starbuck, RAN
BankTrack news BankTrack blog Partner news Partner blog

How do you spell Greenwash? P-N-C

2010-10-11 | RAN, The Understory, blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2010-05-17 | San Fransisco | RAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
Resources
Documents

CSR report 2023

Annual report
2024-06-30 00:00:00 | PNC

Banking on climate chaos 2024

Fossil fuel finance report 2024
BankTrack publication
2024-05-13 00:00:00 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club

Annual report 2023

Annual report
2024-05-13 00:00:00 | PNC

Still Banking on Coal press release

Commercial Banks Still Deep into Coal 8 Years After Paris
Partner publication
2024-05-02 00:00:00 | Urgewald

Commercial Banks Still Deep into Coal 8 Years After Paris

NGO document
2024-05-02 00:00:00 | Urgewald

Human rights statement

Bank policy
2023-11-22 00:00:00 | PNC

Responsible lending practices

Bank policy
2023-11-21 00:00:00 | PNC

CSR report 2022

Annual report
2023-07-11 00:00:00 | PNC

Banking on Climate Chaos 2023

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
BankTrack publication
2023-04-13 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, Urgewald

Annual report 2022

Annual report
2023-03-09 00:00:00 | PNC

Background briefing: Just 7% of global banks' energy financing goes to renewables, new data shows

BankTrack publication
2023-01-27 00:00:00 | Profundo for Sierra Club, Fair Finance International, BankTrack, Rainforest Action Network

CSR report 2021

Annual report
2022-07-05 00:00:00 | PNC

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
BankTrack publication
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald

Annual report 2021

Annual report
2022-03-29 00:00:00 | PNC

CSR Report 2020

Annual report
2021-03-10 00:00:00 | PNC

Annual report 2020

Annual report
2021-03-02 00:00:00 | PNC

The Wall Street Banks Still Financing Private Prisons

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

Updated 2016 CSR Report

Annual report
2017-06-14 00:00:00 | PNC

CSR Report 2016

Annual report
2017-04-05 00:00:00 | PNC

Shorting the Climate

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

The end of coal?

2015 Coal Finance Report Card
BankTrack publication
2015-05-04 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club

Annual Report 2013

Annual report
2015-04-07 00:00:00 | PNC Financial Services Group

Annual Report 2014

Annual report
2015-04-07 00:00:00 | PNC Financial Services Group

2014 Corporate Social Responsibility Report

Annual report
2015-04-07 00:00:00 | PNC Financial Services Group

2015 Corporate Responsibility Report

Annual report
2015-03-02 00:00:00 | PNC Financial Services Group

Coal Finance Report Card 2014

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

PNC’s Sustainability Initiatives

Other bank document
2013-06-25 00:00:00 | PNC Financial Services Group

2013 Corporate Responsibility Report

Annual report
2013-06-19 00:00:00 | PNC Financial Services Group

Coal Finance Report Card 2013

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

Coal Risk Update March 2013

Arch Coal, Blair Mountain, and Bank Human Rights Commitments
BankTrack publication
2013-03-07 00:00:00 | Rainforest Action Network, BankTrack

2012 Annual Report

Annual report
2013-03-01 00:00:00 | PNC Financial Services Group

Worldwide investments in Cluster munitions, a shared responsibility

NGO document
2012-06-20 00:00:00 | IKV Pax Christi & FairFin

Coal Finance Report Card 2012

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

CSR Report 2011

Annual report
2012-03-22 00:00:00 | PNC

Annual Report (interactive) 2011

Annual report
2012-03-22 00:00:00 | PNC

Policy and Practice

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

CSR report 2010

Annual report
2010-10-25 00:00:00 | PNC Bank

Policy and Practice: report card on banks and mountaintop removal

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

Fossil fuel finance data PNC Bank

Banking on Climate Chaos fossil fuel finance data

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.

Assessment of PNC Bank coal policy in the Coal Policy Tool

Assessment of PNC Bank oil and gas policy in the Oil and Gas Policy Tracker
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. 

Steeling our future: The banks propping up coal-based steel
Good Moves

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…