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PNC Financial Services Group Inc
PNC Financial Services Group's GHG Emissions Data Preview
In 2024, 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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind PNC Financial Services Group’s Greenhouse Gas (GHG) Emissions Data
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Insights into PNC Financial Services Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofPNC Financial Services Group amounted to154,579metric 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 2023, the total operational greenhouse gas (GHG) emissions of PNC Financial Services Groupdecreased by 12.23%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
PNC Financial Services Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are PNC Financial Services Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of PNC Financial Services Group were 28,268 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has PNC Financial Services Group reduced its Scope 1 emissions over time?
Since 2019, PNC Financial Services Group's Scope 1 emissions have decreased by 6.66%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year(2023), PNC Financial Services Group's Scope 1 emissions decreased by 3.97%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are PNC Financial Services Group's Scope 2 emissions?
In 2024, PNC Financial Services Group reported Scope 2 greenhouse gas (GHG) emissions of 6,719 tCOâ‚‚e using the market-based method and 126,311 tCOâ‚‚e using the location-based method.a
Has PNC Financial Services Group reduced its Scope 2 emissions over time?
Since 2019, PNC Financial Services Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 30.57%, reflecting a declining long-term trend in Scope 2 emissions over time.ad
Compared to the previous year(2023), PNC Financial Services Group's Scope 2 emissions(Location-Based) fell by 13.88% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
What methodology does PNC Financial Services Group use for Scope 2 reporting?
In 2024, PNC Financial Services Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
PNC Financial Services Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into PNC Financial Services Group's Value Chain Emissions
In 2024, PNC Financial Services Group reported 30,079,086 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of PNC Financial Services Group includes a breakdown across 4of the 15 Scope 3 categories defined by the GHG Protocol,up from 3 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
PNC Financial Services Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are PNC Financial Services Group's Scope 3 emissions?
In 2024, PNC Financial Services Group reported total Scope 3 emissions of 30,079,086 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 0.23%of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.77%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has PNC Financial Services Group reduced its Scope 3 emissions over time?
Since 2019, PNC Financial Services Group's Scope 3 emissionshave increased by 21,644.48%, reflecting a rising long-term trend in Scope 3 emissions over time.ad
Compared to the previous year (2023), PNC Financial Services Group's Scope 3 emissions increased by 51,117.62%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does PNC Financial Services Group disclose?
In 2024, PNC Financial Services Group reported emissions for 4 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.
What are the main sources of PNC Financial Services Group's Scope 3 emissions?
In 2024, the largest contributors to PNC Financial Services Group's Scope 3 emissions were:a
- Investments (Cat. 15): 30,000,000 tCOâ‚‚e(99.74%)
- Employee Commuting (Cat. 7): 48,553 tCOâ‚‚e(0.16%)
- Business Travel (Cat. 6): 21,379 tCOâ‚‚e(0.07%)
PNC Financial Services Group's Scope 3 Emissions by Categories
Insights into PNC Financial Services Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, PNC Financial Services Group reported Scope 1 greenhouse gas (GHG) emissions of 28,268 tCOâ‚‚e and total revenues of USD 20,808 millions. This translates into an emissions intensity of 1.36 tCOâ‚‚e per millions USD.a
PNC Financial Services Group's Scope 1 Emissions Intensity Compared to Peers
How does PNC Financial Services Group's GHG emissions intensity compare to its peers?
In 2024, PNC Financial Services Group reported a Scope 1 emissions intensity of 1.36 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.25, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does PNC Financial Services Group rank on GHG emissions intensity within its industry?
In 2024, PNC Financial Services Group ranked 14 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e 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
Insights into PNC Financial Services Group's Total Carbon Footprint
In 2024, PNC Financial Services Group reported a total carbon footprint of 30,233,665 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12,774.15% increase compared to 2023, 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 99.49% of the company's total carbon footprint, followed by Scope 2 emissions at 0.42%.a