Sustainable Finance

Supporting our clients’ sustainability goals is a key part of our Climate Action Strategy.

 Financing our Clients’ Sustainable Operations

We support our clients by developing strategies and products / product features that recognize clients’ own sustainability efforts. This includes sustainability-linked bonds and loans and sustainable use-of-proceeds bonds and loans, both green and social impact. We work closely with our clients' corporate treasury and sustainability teams to understand their shortand long-term goals and initiatives, and work collaboratively to design financing structures that address their corporate responsibility priority issues. We look for opportunities that demonstrate positive incremental change, have clear impact metrics and are structured to adhere to the
current market standards.

Given our large commercial banking platform, we understand the pivotal role we can play to mobilize capital and act as intermediaries between corporate clients and the companies in their supply chain.

Areas of focus include:

  • Renewable energy
  • Energy efficiency
  • Green building
  • Sustainable transportation
  • Waste management and pollution control
  • Water quality and conservation
  • Air quality

Brilliantly Supporting All of Our Stakeholders

We strive to manage our business responsibly and to do right by all our constituents. We make fact-based decisions guided by our established risk appetite and by what is in the best interests of our customers, our employees, our communities and our shareholders. 

Mobilizing Environmental Finance

PNC increased our commitment to mobilize environmental finance from $20 billion to $30 billion. This commitment focuses on green real estate, renewable energy, clean transportation and sustainability-linked loans and bonds with specific green use of proceeds. The enhanced environmental finance commitment maintains the same five-year time frame, through 2025. 


Sustainability-linked Loans

Sustainability-linked loans provide an incentive to the borrower for achieving key performance indicators (KPIs) related to sustainability considerations.

We are also committed to providing electric and hybrid vehicle loans.

We equip our client-facing employees across the organization with the necessary skills by offering training and webinars. PNC’s Sustainable Finance team is positioned to support clients at all stages of their sustainability journey.


Green and Social Bonds

Guided by the International Capital Market Association’s documentation around sustainable financing, and its associated Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines, PNC has developed its Sustainable Financial Bond Framework. This framework, in alignment with PNC’s Corporate Responsibility commitments and UN Sustainable Development Goals (SDGs), establishes the eligibility criteria for green, social and sustainability bonds. 

PNC’s Green Bond issuances support eligible green projects that promote a transition to a low-carbon economy and offer environmentally sustainable benefits. Some examples of these projects include green buildings, renewable energy projects and energy efficiency projects.

PNC’s Social Bond issuances support the financing or re-financing of eligible social projects that promote positive social outcomes and benefit low- to moderate-income (LMI) individuals and communities. Examples of social bond projects include affordable housing and job creation and retention in LMI Communities.

Sustainable Finance Documents

Learn more about PNC's  green and social projects, and an external assessment of our Framework against market standards

Managing Capital for our Clients in a Responsible Way

Responsible Investing (RI) at PNC helps our clients align their investments with their personal “why” — the purpose behind their investments. This could mean securing their family’s longterm financial security by identifying corporate responsibility–related risks and opportunities in their portfolio. Or, it could mean integrating an organization’s mission into their investments. Our RI process provides insights and ongoing monitoring for continued alignment with our clients’ unique goals.

PNC’s RI strategy is not a one-size-fits-all approach, but rather client-focused — we align our approach to our clients’ specific goals. PNC Asset Management Group’s RI portfolio includes dedicated investment solutions, customized analytics and reporting, and proxy voting that reflects our clients’ individual investing goals.

Our process supports investors in identifying areas to:

  • Exclude or restrict portfolio exposures that may conflict with the client's mission or values
  • Proactively assess and engage on the corporate responsibility topics of interest to clients
  • Contribute to solutions by defining and allocating capital toward a client's targeted objective
2023 Corporate Responsibility Report

2023 Corporate Responsibility Report

Learn about PNC's progress toward our commitments to all of our stakeholders.

2023 Corporate Responsibility Report