Advancing its endeavours to be a conscientious steward of the natural environment, PNC commits to measuring and disclosing its financed emissions.
Northampton, MA –Information Immediate– PNC Money Expert services Team
PITTSBURGH, July 15, 2021 /3BL Media/ – The Partnership for Carbon Accounting Financials (PCAF) announced just lately that The PNC Fiscal Solutions Team, Inc. has joined the initiative and dedicated to measuring and disclosing its financed emissions. This is the hottest action in PNC’s journey to have an understanding of, evaluate, disclose and mitigate its general environmental effects in methods that are decision-practical for the financial institution and its stakeholders.
PCAF is a collaboration among financial establishments around the world to permit standardized assessments and disclosures of greenhouse fuel emissions financed by financial loans and investments – a foundational step to aligning portfolios with the Paris Local weather Agreement. With far more than 140 banking companies and investors from 5 continents, the team is speedily expanding in North The united states, Latin The usa, Europe, Africa and Asia-Pacific.
“We’re delighted to welcome PNC to the 140+ financial establishments that have fully commited to measure and disclose their financed emissions employing the PCAF Standard. We look forward to PNC’s contributions in just the international partnership.”
Nicole Labutong, PCAF North The usa Regional Direct
PNC’s lengthy-standing determination to lowering its environmental influence is aspect of its larger exertion to make a constructive variation in its communities by leveraging its means to aid all transfer forward economically. PNC supports the transition to a small-carbon economic system by actively managing its individual inner operations managing money for its consumers in responsible methods, with environmental and social factors as aspects keeping threat management controls that include local climate change factors and encouraging its purchasers finance their sustainable functions and very low-carbon transition strategies.
“Complex troubles like local climate alter demand collaboration and dialogue. We’re excited to be part of PCAF and its members, as we jointly chart a route to a Web Zero long term.”
Lora Phillips, Vice President, PNC Environmental, Social and Governance
Far more data is accessible in PNC’s 2020 Corporate Accountability Report and, later this yr, its initial Taskforce on Local climate-associated Money Disclosures Report.
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Media Inquiries remember to make contact with:
Angélica Afanador, Method Supervisor, PCAF Secretariat, E: [email protected]
About The PNC Fiscal Companies Team, Inc.
The PNC Monetary Services Group, Inc. (NYSE: PNC) is a person of the biggest diversified economical providers establishments in the United States, structured all over its shoppers and communities for potent relationships and neighborhood delivery of retail and small business banking which includes a complete assortment of lending goods specialised providers for companies and govt entities, together with corporate banking, serious estate finance and asset-primarily based lending prosperity management and asset administration. For facts about PNC, stop by www.pnc.com.
About the Partnership for Carbon Accounting Financials (PCAF)
The Partnership for Carbon Accounting Financials (PCAF) was launched globally in September 2019. At this time, additional than 140 banking companies and investors have subscribed to the PCAF initiative. PCAF contributors work alongside one another to jointly acquire the International GHG Accounting and Reporting Normal for the Monetary Marketplace to evaluate and disclose the greenhouse gas emissions of their financial loans and investments. By performing so, PCAF participants acquire an critical phase to assess climate-linked pitfalls, established targets in line with the Paris Weather Settlement and produce successful strategies to decarbonize our culture. For far more information see https://carbonaccountingfinancials.com/
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