Sustainable Financing Bonds

PNC’s Sustainable Financing Bond Framework supports our existing sustainable finance initiatives, and represents an opportunity to increase our support for the environmental, social and governance issues most material to PNC, including the transition to a low-carbon economy, economic empowerment, ending systemic racism, enhancing education and enabling entrepreneurship. The framework is aligned with both the current Green Bond and Social Bond Principles, as published by the International Capital Market Association. PNC is a registered member of the Green and Social Bond Principles.

Green Bonds

Proceeds from PNC's Green Bond issuances will be used to finance projects in these categories:

Categories General Description Eligible Projects

Renewable Energy

Investments that support the generation and production of renewable energy

  • Construction of new solar and wind energy facilities
  • Maintenance of solar and wind facilities

Energy Efficiency

Investments that support a reduction in energy consumption

  • Energy efficient heating (excluding those powered by fossil fuels), ventilation, air conditioning, refrigeration, lighting, and electrical equipment that result in at least 25% energy savings
  • Projects that enable energy optimization and smart building technologies, including smart meters, load control systems, sensors or building information systems
  • Businesses with at least 90% of revenue focused on the development and deployment of clean technologies resulting in greenhouse gas reduction or avoidance

Green Buildings

Investments in new and refurbished certified buildings

  • Buildings that meet regional, national or internationally-recognized standards or certifications (e.g., LEED Gold or Platinum)

Clean Transportation

Investments that support low-carbon transport assets

  • Lending to finance zero and low (less than 75gCO2/km) emissions vehicles through direct consumer lending or for corporate or municipal fleets
  • Lending to zero and low (less than 50g/CO2/km) busses and public transportation
  • Associated infrastructure such as charging stations
  • Lending to finance zero and low passenger (less than 50gCO2e/p-km) or freight/rolling stock (less than 25gCO2/t-km), with the exception of transportation of fossil fuels


Social Bonds

Proceeds from PNC's Social Bond issuances will be used to finance projects in these categories:

Categories General Description Eligible Social Projects

Affordable housing

Projects eligible for Low-Income Housing Tax Credits and lending to individuals and families with income less than 80% of area median income (120% in high-cost areas)

  • Acquisition, construction, rehabilitation or preservation of multi-family and single-family homes
  • Financing of non-profit organizations dedicated to addressing housing affordability

Access to essential services

Investments and loans that support access to and enhancement of education, healthcare, and other basic societal needs


  • Construction, rehabilitation or enhancement of facilities
  • Support for accredited public or private Historically Black Colleges and Universities and tribal colleges and universities
  • Apprenticeships and vocational training in LMI or majority-minority census tracts
  • Nonprofit or public sector emergency healthcare facilities that provide free or subsidized service to vulnerable or under-served populations.
  • Businesses providing broadband services and outreach designed to reduce or eliminate the digital divide

Socioeconomic advancement and empowerment

Investments that support job creation and retention in LMI communities and majority-minority census tracts, or that reduce income inequality

  • 51% or greater minority-owned or –operated small and medium businesses
  • Small businesses in majority-minority census tracts
  • Small businesses in LMI communities
  • Investments to Minority Deposit Institutions, Community Development Corporations, Community Development Financial Institutions and New Market Tax Credits

Recognized for our Efforts

Corporate Awards & Recognition


  • Most Trusted Bank, Best Mortgage Lender Overall, Best Auto Loans from a Bank, Bankrate (2023)
  • Best Private Bank for New Customer Segments, Best Private Bank for Business Owners, Global Finance Awards (2023)
  • Overall Leader in Cyber-Trust in Banking Scorecard and a Leader in Consumer Privacy category, Javelin Strategy & Research (2022)
  • U.S. Best Super-Regional Bank, Euromoney Awards for Excellence (2022)
  • Most Powerful Women in Banking, American Banker (2022)
  • Best Overall Bank for Students,, (2021-2023)

Corporate Responsibility

Our Communities & Responsible Business Practices

  • Outstanding Community Reinvestment Act rating in every evaluation since the law was enacted in 1977
  • America's Most JUST Companies (JUST 100), JUST Capital and CNBC (2023)
  • 100 Most Sustainable Companies, Barron’s (2022)

Our Commitment to Diversity & Inclusion

  • Gender-Equality Index, Bloomberg (2023)
  • 100 Best Companies, Top Companies for Executive Women, Best Companies for Multicultural Women, Best Companies for Dads, Seramount (2022)
  • Best Places to Work for LGBTQ+ Equality, Human Rights Campaign, for 10 consecutive years (2022)
  • 50 Out Front: Best Places to Work for Women & Diverse Managers, Diversity MBA Magazine (2022)
  • 100% Score on Disability Equality Index®(DEI®) Best Places to Work™ (2022)
  • Top 50 Employers, Equal Opportunity Magazine (2022)
  • Most Influential Black Executives in Corporate America, Savoy Magazine (2022)
  • Best Finance Companies for Women, Fairygodboss (2022)
  • Top LGBTQ+ Friendly, Black EOE Journal (2022)
  • Best-of-the-Best Corporation for Inclusion, National Gay & Lesbian Chamber of Commerce and National Business Inclusion Consortium, (2022)
  • Best of the Best Top Veteran-Friendly Companies, Top Veteran-Friendly Supplier Diversity Programs, U.S. Veterans Magazine (2022)


Important Legal Disclosures & Information

  1. Includes underwritings and financing commitments associated with municipal issuances, real estate financing and commercial loans and leases supporting environmentally beneficial assets, entities and projects, including energy efficiency, green buildings, renewable energy, pollution prevention, sustainable transportation and sustainable water management.

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