Posted 40 minutes ago
Proposed by PNC Financial Services Group
PITTSBURGH, Jan. 20, 2022 /CSRwire/ — PNC Bank, National Association, is pleased to announce its membership in the U.S. Environmental Protection Agency’s Green Power Partnership.
By choosing green energy, PNC Bank contributes to advancing the voluntary green energy market and the development of these sources; and uses more than 81 million kilowatt hours (kWh) of green energy per year, enough green energy to meet 25% of the organization’s electricity consumption. According to the US EPA, PNC’s green power consumption is equivalent to the electricity consumption of nearly 8,000 average American homes per year.
“The EPA commends PNC Bank for its leadership position in the green power market,” said James Critchfield, program manager of EPA’s Green Power Partnership. “PNC is a great example for other organizations to reduce greenhouse gas emissions through the investment and use of green energy.”
PNC Bank has committed to RE100 in 2019 to source 100% renewable purchased electricity by 2025 and will achieve this goal through a multi-faceted approach including power purchase agreements, energy credits renewable energy and on-site production.
“At PNC, we strive to be good stewards of the environment, not only because it’s the right thing to do, but because it’s essential to supporting a high quality of life for our employees, our customers and our communities,” said Lora Phillips, vice president and chief environmental, social and governance practice at PNC. “Our operational sustainability commitments are a critical part of our overall climate action strategy.”
“We’re proud to be recognized by the U.S. Environmental Protection Agency for our green energy use and for helping to reduce air pollution while reducing our carbon footprint,” said Kate. Zettl, Vice President and Head of Energy at PNC Bank. “We are making great progress towards our goal of purchasing 100% renewable electricity by 2025 and encouraging other companies to consider green energy as an affordable and accessible choice.”
By moving the needle in the voluntary green energy market, PNC Bank and other green energy partners are helping to reduce the negative health effects of atmospheric emissions, including those related to ozone, fine particles, acid rain and regional haze.
PNC maintains long-standing commitments to reduce its impact on the environment, fund the transition to a low-carbon economy, and mobilize its resources to move forward financially. In August, the company pledged $20 billion for environmental finance and earlier this year it joined the Partnership for Carbon Accounting Financials. The company also released its first report from the Task Force on Climate-Related Financial Disclosures (TCFD) in August 2021, which focuses on PNC’s climate risk management strategy. For more details on PNC’s ESG commitments, see PNC’s 2020 Corporate Responsibility Report.
About EPA’s Green Power Partnership
The Green Power Partnership is a partnership program that helps increase the use of green power among U.S. organizations to advance the U.S. market for green power and the development of these sources as a way to reduce air pollution. air and other environmental impacts associated with the use of electricity. In 2020, the Partnership had more than 700 partners voluntarily using nearly 70 billion kilowatt hours of green energy per year. Partners include a wide variety of leading organizations such as Fortune 500® companies; small and medium enterprises; local, state and federal governments; and colleges and universities. For more information, please visit www.epa.gov/greenpower.
About PNC Bank
PNC Bank, National Association, is a member of the PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and a local offering of personal and business banking services, including a full range of loan products; specialized services for businesses and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For more information about PNC, visit www.pnc.com.
For more information
PNC Media Relations
(412) 762-4550
[email protected]
PNC Financial Services Group
PNC Financial Services Group
As Main Street Bank, we are committed to achieving each of our strategic priorities while safeguarding the best interests of all of our stakeholders, including our customers, communities, employees and shareholders. Our focus on operating with integrity drives us to help our customers achieve their goals while strengthening our communities, reducing our environmental impact and enabling our people to thrive.
Send us an email to subscribe to our CSR newsletter
More PNC Financial Services Group
