In 2025, PNC Financial Services Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
PNC Financial Services Group has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2025 | 2024 | 2023 | 2022-2019 |
|---|---|---|---|---|
Total Scope 1 | 30,388a | 28,268a | 29,438a | |
Total Scope 2 | ||||
Market-Based | 898a | 6,719a | 75,649a | |
Location-Based | 115,652a | 126,311a | 146,674a | |
Total Scope 3 | 29,675,859a | 79,085a | 58,728a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.3168a | 1.3585a | 1.3686a |
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In 2025, the total operational greenhouse gas (GHG) emissions of PNC Financial Services Group amounted to 146,040 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2024, the total operational greenhouse gas (GHG) emissions of PNC Financial Services Group decreased by 5.52%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2025, the total Scope 1 emissions of PNC Financial Services Group were 30,388 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, PNC Financial Services Group's Scope 1 emissions have remained relatively, stable, indicating that PNC Financial Services Group's emissions have plateaued with no significant change in its operational footprint.ac
Compared to the previous year (2024), PNC Financial Services Group's Scope 1 emissions increased by 7.5%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2025, PNC Financial Services Group reported Scope 2 greenhouse gas (GHG) emissions of 898 tCO₂e using the market-based method and 115,652 tCO₂e using the location-based method.a
Since 2019, PNC Financial Services Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 36.43%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2024), PNC Financial Services Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that PNC Financial Services Group's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2025, PNC Financial Services Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2025, PNC Financial Services Group reported 29,675,859 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2025 disclosure of PNC Financial Services Group includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, up from 2 in 2024, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2025, PNC Financial Services Group reported total Scope 3 emissions of 29,675,859 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0.22% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.78% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, PNC Financial Services Group's Scope 3 emissions have increased by 21,352.98%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2024), PNC Financial Services Group's Scope 3 emissions increased by 37,424%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2025, PNC Financial Services Group reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2025, the largest contributors to PNC Financial Services Group's Scope 3 emissions were:a
In 2025, PNC Financial Services Group reported Scope 1 greenhouse gas (GHG) emissions of 30,388 tCO₂e and total revenues of USD 23,077 millions. This translates into an emissions intensity of 1.32 tCO₂e per millions USD.a
In 2025, PNC Financial Services Group reported a Scope 1 emissions intensity of 1.32 tCO₂e per millions USD. Compared to the peer group median of 1.47, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2025, PNC Financial Services Group ranked 12 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
PNC Financial Services Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2025, PNC Financial Services Group reported a total carbon footprint of 29,821,899 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12,662.73% increase compared to 2024, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to PNC Financial Services Group's total carbon footprint was Scope 3 emissions, accounting for 99.51% of the company's total carbon footprint, followed by Scope 2 emissions at 0.39%.a