PITTSBURGH, Jan. 20, 2022 /PRNewswire/ -- PNC Bank, National
Association, is pleased to announce its membership to the U.S.
Environmental Protection Agency's Green Power Partnership.
By choosing green power, PNC Bank is helping advance the
voluntary market for green power and development of those sources;
and is using more than 81 million kilowatt-hours (kWh) of green
power annually, which is enough green power to meet 25% of the
organization's electricity use. According to the U.S. EPA,
PNC's green power use is equivalent to the electricity use of
nearly 8,000 average American homes annually.
"EPA applauds PNC Bank for its leadership position in the green
power marketplace," said James
Critchfield, program manager of EPA's Green Power
Partnership. "PNC is an excellent example for other organizations
in reducing greenhouse gas emissions through green power investment
and use."
PNC Bank committed to RE100 in 2019 to source 100% renewable
purchased electricity by 2025 and will reach this goal through a
multi-faceted approach inclusive of power purchase agreements,
renewable energy credits and on-site generation.
"At PNC, we strive to be good stewards of the environment, not
only because it is the right thing to do, but because it is
essential to supporting a high quality of life for our employees,
customers and communities," said Lora
Phillips, VP and director of PNC's Environmental, Social and
Governance practice. "Our commitments to operational sustainability
are a critical component of our overall climate action
strategy."
"We are proud to be recognized by the U.S. Environmental
Protection Agency for our green power usage and to contribute to a
reduction in air pollution while lowering our emissions footprint,"
said Kate Zettl, VP and Energy
manager at PNC Bank. "We are making great progress to achieve our
100% renewable purchased electricity target by 2025 and encourage
other companies to consider green power as an affordable and
accessible choice."
By moving the needle in the voluntary green power
market, PNC Bank and other Green Power Partners are
helping to reduce the negative health impacts of air emissions
including those related to ozone, fine particles, acid rain and
regional haze.
PNC holds longstanding commitments to reduce its environmental
impact, finance the transition to a low carbon economy and leverage
its resources to move all forward financially. In August the
company pledged $20 billion in
support of environmental finance and earlier this year joined the
Partnership for Carbon Accounting Financials. The company also
released its first Task Force for Climate-related Financial
Disclosures (TCFD) report in Aug.
2021, which focuses on PNC's climate risk management
strategy. For full detail of PNC's ESG commitments, refer to the
2020 PNC Corporate Responsibility Report.
About EPA's Green Power Partnership
The Green Power
Partnership is a partnership program that helps increase green
power use among U.S. organizations to advance the American market
for green power and development of those sources as a way to reduce
air pollution and other environmental impacts associated with
electricity use. In 2020, the Partnership had more than 700
Partners voluntarily using nearly 70 billion kilowatt-hours of
green power annually. Partners include a wide variety of leading
organizations such as Fortune 500® companies; small and medium
sized businesses; local, state, and federal governments; and
colleges and universities. For additional information, please visit
www.epa.gov/greenpower.
About PNC Bank
PNC Bank, National Association, is a
member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC
is one of the largest diversified financial services institutions
in the United States, organized
around its customers and communities for strong relationships and
local delivery of retail and business banking including a full
range of lending products; specialized services for corporations
and government entities, including corporate banking, real estate
finance and asset-based lending; wealth management and asset
management. For information about PNC, visit www.pnc.com.
For More Information
PNC Media Relations
(412) 762-4550
media.relations@pnc.com
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SOURCE PNC Bank