PNC is committed to making a positive difference by leveraging the power of our resources to accelerate women’s financial equality.
1. Under-representation in the workforce:
On average, only 55% of women are in the labor market, versus 78% of men, and women are significantly underrepresented in high-growth industries and jobs.
2. Pay disparities:
Even in the 21st century, some women in similar positions as men are still paid less. In addition, women are less likely than men to earn income from investments and other activities outside of their job.
3. Unequal access to credit:
It’s hard to believe that there are still 72 countries where some women don’t have the right to open a bank account or obtain credit. And even though U.S. laws provide women with equal access to credit, studies consistently show disparities between men and women when it comes to securing business loans and consumer financing.
4. Unpaid domestic work:
Nowhere in the world do men spend as much time on unpaid work as women. Even in the United States, women spend almost twice as much time as men on unpaid domestic work such as childcare and elder care.
We recognize that being a great place for women to bank means we must also be a great place for women to grow professionally.
Explore pnc.com/women for examples of how we’re attracting, retaining, developing and advancing women leaders at PNC. We also share inspirational stories about women who tackle challenges to build a better future for themselves, their families and their communities in our Women Who Achieve series.
"As a financial institution that prospers when our customers prosper, it makes perfect sense that we would want to help tackle the economic gender gap. Project 257 aligns with our brand purpose – when we accelerate women's financial equality, we are making a positive difference, leveraging the power of our resources to help all move forward financially."
— Beth Marcello, director of PNC Women's Business Development, PNC News Release
Read full News Release, 09/14/2021
"Ventures" are small businesses owned by women or nonbinary individuals working to address one or more of the UN Sustainable Development Goals that are chosen to receive a Coralus interest-free loan.
"Activators" are individuals who contribute to Coralus' loan pool by contributing $92 per month, or $1,100 annually, and share their expertise, professional networks and buying power to help Ventures grow and scale.
Number of years identified by the World Economic Forum’s 2020 Global Gender Equity Gap Report (http://www3.weforum.org/docs/WEF_GGGR_2020.pdf, page 6), which found that at the current rate of progress it will take women 257 more years to economically catch up to men.
Project 257 is a service mark of The PNC Financial Services Group, Inc.
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