PNC’s 2023 Corporate Responsibility Report Brings ‘Brilliant’ Impact to Life

July 02, 2024 11:15 PM AEST | By 3BL

Google News:

PNC’s 2023 Corporate Responsibility Report Brings ‘Brilliant’ Impact to Life — Image source: Kalkine Media

Recent News

New Zealand Named One of the World’s Most Peaceful and Prosperous Coun...

Elanco Releases 2024 Impact Report and Introduces New Framework

ACCELQ Autopilot Named “AI-based Engineering Solution of the Year” in...

Fifth Third Recognized Among Forbes 2025 America’s Best Employers for...

At PNC, our approach to corporate responsibility is rooted in the understanding that maintaining strong relationships with our stakeholders is fundamental to our success. But open and honest dialogue with our customers, employees, shareholders and communities at large, contributes to more than our success. It drives meaningful impact. We know because we've been at this work for nearly 160 years, and it's why we're proud to share with you our progress over this past year.

With a theme of “Brilliantly supporting all of our stakeholders” the 2023 PNC Corporate Responsibility Report is now available on PNC.com and shares progress toward our commitments to all of our stakeholders.

The 2023 highlights include:

5,000+ employees have enrolled in academic programs though PNC’s education benefit since the program expansion in late 2022
83,433 volunteer hours were completed by employees
5,243 employees served as Certified Women’s Business Advocates
31% of employees participated in PNC’s Employee Business Resource Groups (EBRGs)
$56 billion of PNC’s $88 billion Community Benefits Plan has been deployed in the first two years of the plan, including:
- $38.3 billion to affordable homeownership (of $47 billion commitment)
- $9.8 billion to small business loans (of $26.5 billion commitment)
- $7.9 billion to community financing (of $14.5 billion commitment)
- $249.8 million in charitable giving (of $500 million commitment)
- $352.3 million spent with diverse suppliers (Tier 1 and Tier 2)
1,500 mobile branch deployments traveled over 57,000 miles and impacted nearly 9,000 individuals
1,584 financial education classes reached 27,447 low- and moderate-income (LMI) individuals
$672 million has been saved by our customers in overdraft fees using the features of Low Cash Mode® and through our pricing changes
$6.48 billion in responsible investing assets were under management
$22.9 billion was deployed toward our $30 billion environmental finance pledge, since the pledge announcement
Progress was made on PNC’s operational targets by reducing energy use by 11%; carbon emissions by 10% and water by 4%
48% of our renewable electricity purchased target was achieved (out of our 100% goal by 2025)
Enhanced our capabilities related to data breach laws and regulations to PNC’s privacy program.
Expanded our customer awareness campaign across online, social media and digital banking channels, helping customers recognize and prevent potential threats. This includes new content and alerts within the Zelle® experience in our mobile app and on our website, to help customers identify common peer-to-peer payment scams.

To learn more about PNC’s corporate responsibility commitments and progress please visit pnc.com.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.