PNC Expands Its Environmental Finance Pledge to $30 Billion

The PNC Financial Services Group, Inc. announced the expansion of its environmental finance commitment to $30 billion. The bank initially announced in August 2021 a commitment of $20 billion over five years in support of environmental finance. Since then, PNC has completed $9 billion in environmental financing for its customers. This commitment is an extension of PNC’s ongoing support for its customers as they transition to a low-carbon economy, and is complementary to the bank’s Community Benefits Plan, which pledges $88 billion in loans, investments, and other financial support to…

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