PNC Financial Services Group Inc
PNC Financial Services Group's GHG Emissions Data Preview
In 2022, 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 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2022 | 2021 | 2020 | 2019 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  d | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  d | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 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.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
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cVerified 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 2022, the total operational greenhouse gas (GHG) emissions of PNC Financial Services Group amounted to 202,761 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 2021, the total operational greenhouse gas (GHG) emissions of PNC Financial Services Group increased by 25.53%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b
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 2022, the total Scope 1 emissions of PNC Financial Services Group were 32,100 metric tons of CO₂ equivalent (tCO₂e). a
Has PNC Financial Services Group reduced its Scope 1 emissions over time?
Since 2018, PNC Financial Services Group's Scope 1 emissions have decreased by 9.06%, reflecting a declining long-term trend in Scope 1 emissions over time. a e
Compared to the previous year (2021), PNC Financial Services Group's Scope 1 emissions increased by 15.47%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b
What are PNC Financial Services Group's Scope 2 emissions?
In 2022, PNC Financial Services Group reported Scope 2 greenhouse gas (GHG) emissions of 84,961 tCO₂e using the market-based method and 170,661 tCO₂e using the location-based method. a
Has PNC Financial Services Group reduced its Scope 2 emissions over time?
Since 2018, PNC Financial Services Group's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 20.29%, reflecting a declining long-term trend in Scope 2 emissions over time. a e
Compared to the previous year (2021), PNC Financial Services Group's Scope 2 emissions (Location-Based) rose by 27.63% in 2022, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a b
What methodology does PNC Financial Services Group use for Scope 2 reporting?
In 2022, 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 2022, PNC Financial Services Group reported 60,921 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 2022 disclosure of PNC Financial Services Group includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2021, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
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 2022, PNC Financial Services Group reported total Scope 3 emissions of 60,921 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% 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 2018, PNC Financial Services Group's Scope 3 emissions have decreased by 54.16%, reflecting a declining long-term trend in Scope 3 emissions over time. a e
Compared to the previous year (2021), PNC Financial Services Group's Scope 3 emissions increased by 68.57%, suggesting that the company faced challenges in reducing emissions across its value chain. a b
What categories of Scope 3 emissions does PNC Financial Services Group disclose?
In 2022, PNC Financial Services Group reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of PNC Financial Services Group's Scope 3 emissions?
In 2022, the largest contributors to PNC Financial Services Group's Scope 3 emissions were: a
- Employee Commuting (Cat. 7): 34,052 tCO₂e (57.05%)
- Business Travel (Cat. 6): 18,336 tCO₂e (30.72%)
- Waste Generated in Operations (Cat. 5): 3,377 tCO₂e (5.66%)
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 2022, PNC Financial Services Group reported Scope 1 greenhouse gas (GHG) emissions of 32,100 tCO₂e and total revenues of USD 21,114 millions. This translates into an emissions intensity of 1.52 tCO₂e 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 2022, PNC Financial Services Group reported a Scope 1 emissions intensity of 1.52 tCO₂e per millions USD. Compared to the peer group median of 1.2 , 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 2022, PNC Financial Services Group ranked 15 out of 23 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
Insights into PNC Financial Services Group's Total Carbon Footprint
In 2022, PNC Financial Services Group reported a total carbon footprint of 263,682 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 33.4% increase compared to 2021, suggesting a rise in emissions across its operations or value chain. a b
The largest contributor to PNC Financial Services Group's total carbon footprint was Scope 2 emissions, accounting for 64.72% of the company's total carbon footprint, followed by Scope 3 emissions at 23.1%. a