PNC Pledges $20 Billion In Environmental Finance
PITTSBURGH, Aug. 18, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today it is committing $20 billion over five years in support of environmental finance.
- PITTSBURGH, Aug. 18, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today it is committing $20 billion over five years in support of environmental finance.
- "PNC recognizes that environmental issues, including climate change, are impacting our business, our clients and the communities in which we operate," said Chief Corporate Responsibility Officer Richard Bynum.
- The $20 billion environmental finance goal is comprised of the following pillars:
Green Buildings loans for buildings that meet third party-recognized standards or certifications, including LEED and ENERGY STAR. - In 2020, PNC established a sustainable finance practice and its first head of Sustainable Finance, Kristi Eberhardt.