PNC Financial Services Group Inc

Banks
PNC
$ 168 0.69
Share price
$ 68 bn
Market Cap
$ 83 bn
Enterprise Value

Carbon footprint

1.9 Ton
GHG emissions per $ 1 mln investment
0.05x the weighted average for S&P 500
FY2021
How is this calculated?
-5.3%
YOY change in GHG emissions
Weaker than the +4.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-1.8%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

PNC Financial Services Group Inc aims to reduce Scope 1 + 2 by 75% by 2035 from a base year 2009


This target has not been verified as science based according to SBTi
PNC Financial Services Group Inc's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

PNC Financial Services Group Inc's GHG emissions (location-based) (Kt of CO2e)

PNC Financial Services Group Inc's carbon footprint

PNC Financial Services Group Inc reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 162 Kt (-9.1 /-5.3% y-o-y).

PNC Financial Services Group Inc's Scope 3 emissions declined to 4.9 Kt (-12 /-70.2% y-o-y). This is a higher rate of decline than over the period since 4Q'09 (-35.9% CAGR).

The company is committed to reducing Scope 1 + 2 by 75% by 2035 from a base year 2009, which translates into the estimated reduction of -3 Kt per annum over the period of FY2022 - FY2035. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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