As a Main Street bank, we believe that being a part of the community is about more than our physical location. We take pride in how we relate to and serve our employees, customers and communities, as these relationships are at the heart of our business model. For this reason, among others, being a good partner in each of the neighborhoods we serve is vital. This means listening to our communities so that we can better understand and support their needs and developing strong relationships with organizations focused on early childhood education, community development, the arts and culture, and health and human services.
Recognizing the importance of our support, we are committed to making business decisions that positively impact our communities. After all, we recognize that we are only as strong as our communities and that when our communities prosper, so does PNC. Of course, the corollary is also true in that a strong regional bank, such as PNC, can support its communities through job creation, local infrastructure, small business loans, financial education and sponsorships. These financial services, together with philanthropic giving and volunteerism, create a series of benefits that strengthen communities.
Our business model is built on prioritizing the communities where we do business through strong local leadership and collaboration with local groups.
As part of our commitment to environmental responsibility, we are working to reduce our carbon emissions and energy consumption by 75% by 2035, using 2009 as our baseline. And we are working to reduce water consumption by 50% by 2035, using 2012 as our baseline. We are also looking beyond our operations to ensure that our lending, among other services, supports renewable, energy-efficient and low-carbon energy sources, as well as other environmentally beneficial activities.
We believe that balancing financial priorities with environmental issues is critical to sound risk management and being a good corporate citizen.
For environmental indicators, Download the 2020 CR Report
1 As PNC's reduction goals account for Scope 1 and 2 emissions, annual emissions reflect both scopes together.
Lending products and services are provided by PNC Bank, National Association and require credit approval.
Bank deposit products and services provided by PNC Bank, National Association, Member FDIC.
BBVA is a registered trademark of BBVA, S.A. and is used under license.
Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.