Environmental & Social Risk Management

For more than 170 years, PNC has been committed to improving the financial lives of the people we serve and the places they call home. While we’ve grown in size and capabilities, we’ve remained true to our values – doing business with integrity and respect, centering our customers in all that we do, focusing on teamwork and performance and fostering an environment in which our customers and employees feel welcomed, valued and respected.

& Social Risk

Environmental & Social Risk
Management Framework

This belief in serving the best interests of all our stakeholders, along with our corporate values, shapes how we do business.

This PNC Responsible Lending Practices disclosure reflects our integrated approach to Environmental and Social Risk Management (ESRM) and outlines our multi-layered framework, providing transparency to the practices we employ in making business decisions. We strive to make lending decisions that balance the needs of our customers and prospective customers with the interests of our other stakeholders, and to integrate stakeholder considerations across our value chain.

We continue to learn and make thoughtful decisions as we go, and we commit to engaging with our stakeholders to understand these evolving issues.

For more information download the PNC Responsible Lending Practices.


Our Approach to Corporate Responsibility

We’re committed to doing the right thing for our shareholders, customers, communities and employees.




PNC Responsible Lending Practices

Learn about PNC's progress toward our commitments to all of our stakeholders.

Our Commitment to Human Rights

We recognize that our business decisions must consider environmental, social, human rights and reputational risk factors.

Read PNC's Human Rights Statement

Climate-Related Risk

Climate-related risks are embedded in PNC’s Risk Taxonomy and aligned with traditional categories such as credit, market, liquidity and reputational risk. We consider the potential physical and transition risk impacts on PNC, including collateral value loss; geographic credit concentrations in areas exposed to natural disasters; customer preference shifts, technology improvements and regulatory change; increasing credit losses; and increased operational losses from acute and chronic weather events.

We consider climate risk an amplifier of existing risk types, not as a new risk type. As such, we consider the impact of climate-related risks within our overarching strategic vision to set concrete, incremental and achievable goals. This is done while remaining responsive to forward-looking external factors such as future regulatory guidance; competing demands from governments, investors and activists; and evolving best practices for incorporating climate into our ERM framework and assessing the carbon intensity of our portfolio in ways that support sound decision-making.

Climate Risk Committee

Our Climate Risk Committee oversees the integration of climate-related risks into the Enterprise Risk Management (ERM) Framework. 

Committee members are a cross-functional group of internal stakeholders with key responsibilities, including: 

  • Review, recommend and/or approve the ERM Framework enhancements to integrate climate-related risks 
  • Escalate climate-related risks from across the organization to assess an aggregate view of climate-related risks 
  • Review, recommend and/or approve the development and implementation of a sound, repeatable process to comply with regulatory requirements related to climate

Future climate–related risk management efforts include consideration of climate-related risks in our existing metrics and limits, consideration of new metrics and limits related to PNC strategies or commitments, and development of new risk assessment capabilities, including scenario analysis.

PNC TCFD Progress Update

Task Force on Climate-Related Financial Disclosure (TCFD) Report

Learn more about PNC’s Climate Action strategy, and our climate-related risk efforts.

Our Priority Issues

Part of our business success lies in identifying and properly managing our risks while also leveraging our opportunities. That’s why we continue to focus our efforts and voluntary disclosures on areas that matter most to our stakeholders and business. PNC works with an independent agency to formally identify these corporate responsibility priority issues.

Learn more about how we engage with stakeholders, visit Priority Issues & Stakeholder Engagement