News Release Details
Financial Press Release
PNC Issues Inaugural Green Bond
"We recognize that environmental issues, including climate change, are impacting our business, our clients and our communities," said
"We are proud to issue our first green bond and contribute to the development of this important market," said
PNC's Green Bond Framework supports the company's existing initiatives, and represents an opportunity to increase support for a future low-carbon economy. Sustainalytics, a leading global independent provider of ESG and corporate governance research and ratings, has reviewed and verified that PNC's Green Bond Framework is consistent with the current Green Bond Principles, as published by the
Providing financing and underwriting debt with a sustainability focus is only one way PNC demonstrates its commitment to environmental stewardship. In addition, the company maintains risk management controls which incorporate climate change considerations, manages capital for its clients in responsible ways and actively manages its own internal operations. In 2000 the company opened PNC Firstside Center, which was then the world's largest LEED-certified building. In 2017—after meeting several of its 2020 environmental targets ahead of schedule—the company set more ambitious 2035 targets, specifically to reduce its carbon emissions and energy consumption by 75% and its water consumption by 50%. PNC is also a member of RE100, committing to 100% renewable energy by 2025.
To learn more about PNC's Green Bond, visit the Green Bond page within the Corporate Social Responsibility section of PNC's corporate website.
This offering was made only by means of a prospectus supplement and an accompanying prospectus filed as part of an effective shelf registration statement filed with the
Copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained by calling
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
PNC Media Relations
View original content to download multimedia:http://www.prnewswire.com/news-releases/pnc-issues-inaugural-green-bond-300949976.html