Finance

PNC Monetary Companies Group, Inc. Joins the Partnership for Carbon Accounting Financials (PCAF)

Advancing its efforts to be a conscientious steward of the atmosphere, PNC commits to measuring and disclosing its financed emissions.

Northampton, MA –Information Direct– PNC Monetary Companies Group

PITTSBURGH, July 15, 2021 /3BL Media/ – The Partnership for Carbon Accounting Financials (PCAF) introduced not too long ago that The PNC Monetary Companies Group, Inc. has joined the initiative and dedicated to measuring and disclosing its financed emissions. That is the newest step in PNC’s journey to know, measure, disclose and mitigate its total environmental influence in methods which can be decision-useful for the financial institution and its stakeholders.

PCAF is a collaboration between monetary establishments worldwide to allow standardized assessments and disclosures of greenhouse gasoline emissions financed by loans and investments – a foundational step to aligning portfolios with the Paris Local weather Settlement. With greater than 140 banks and traders from 5 continents, the group is quickly increasing in North America, Latin America, Europe, Africa and Asia-Pacific.

“We’re delighted to welcome PNC to the 140+ monetary establishments which have dedicated to measure and disclose their financed emissions utilizing the PCAF Customary. We look ahead to PNC’s contributions inside the world partnership.”

Nicole Labutong, PCAF North America Regional Lead

PNC’s long-standing dedication to decreasing its environmental influence is a part of its bigger effort to make a optimistic distinction in its communities by leveraging its sources to assist all transfer ahead financially. PNC helps the transition to a low-carbon economic system by actively managing its personal inside operations; managing capital for its purchasers in accountable methods, with environmental and social concerns as components; sustaining threat administration controls that incorporate local weather change concerns; and serving to its purchasers finance their sustainable operations and low-carbon transition plans.

“Complicated issues like local weather change require collaboration and dialog. We’re excited to hitch PCAF and its members, as we collectively chart a path to a Internet Zero future.”

Lora Phillips, Vice President, PNC Environmental, Social and Governance

Extra info is obtainable in PNC’s 2020 Company Duty Report and, later this 12 months, its first Taskforce on Local weather-related Monetary Disclosures Report.

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Media Inquiries please contact:

Angélica Afanador, Program Supervisor, PCAF Secretariat, E: information@carbonaccountingfinancials.com

About The PNC Monetary Companies Group, Inc.

The PNC Monetary Companies Group, Inc. (NYSE: PNC) is likely one of the largest diversified monetary providers establishments in the USA, organized round its prospects and communities for sturdy relationships and native supply of retail and enterprise banking together with a full vary of lending merchandise; specialised providers for firms and authorities entities, together with company banking, actual property finance and asset-based lending; wealth administration and asset administration. For details about PNC, go to www.pnc.com.

Concerning the Partnership for Carbon Accounting Financials (PCAF)

The Partnership for Carbon Accounting Financials (PCAF) was launched globally in September 2019. At present, greater than 140 banks and traders have subscribed to the PCAF initiative. PCAF contributors work collectively to collectively develop the World GHG Accounting and Reporting Customary for the Monetary Trade to measure and disclose the greenhouse gasoline emissions of their loans and investments. By doing so, PCAF contributors take an essential step to evaluate climate-related dangers, set targets in step with the Paris Local weather Settlement and develop efficient methods to decarbonize our society. For extra info see https://carbonaccountingfinancials.com/

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