Affordable housing for seniors, critical support for small businesses in under-resourced communities and access to essential services for low and moderate-income (LMI) communities are among the projects PNC has financed through its inaugural $700 million social bond issued in August 2021.
NASHVILLE, November 17, 2022 /3BL Media/ – As the construction of Nashville Rescue Mission’s new Women’s & Children’s Campus continues to take shape, PNC Bank has delivered a credit commitment to help fuel the development of this project.
When a name is received at birth, it is generally assumed to be legally permanent. It follows a person through life. Without it, routine tasks can become major or even insurmountable. For many people in the transgender community, the simple act of producing identification – that often doesn’t look like them, doesn’t identify them as the gender they identify with and uses a birth name that feels foreign to them – can all bring shame.
I never thought my background would fit in the corporate world. Now it's celebrated.
By Al Ortiz, Communications Lead at PNC
My first interview in the corporate world was nerve wracking, and that’s an understatement.
I wasn’t nervous about the interview itself. Nor was I taken aback by the shiny marble floors or the modern conference rooms equipped with state-of-the-art technology in what is now PNC Plaza in Houston, Texas.
Upskilling Program, New Education Benefit through Guild to Offer Direct, Debt-Free Route to In-Demand Careers
PITTSBURGH, October 7, 2022 /3BL Media/ - PartnerUp®, a PNC Bank-led initiative aimed at steering high school graduates into well-paying careers in high-growth industries, is moving into Cleveland and Birmingham, Alabama, after a successful five-year run with Pittsburgh area school students and local employers. Also, this week PNC launched a new career development and tuition benefit available to its employees nationwide.
Environmental, social and governance director Lora Phillips explains how her team works on the issues PNC stakeholders care about.
Environmental, Social and Governance (ESG) refers to the many challenges and opportunities that speak to a company’s commitments and responsibilities to its stakeholders – customers, employees, communities and investors. It’s often heard in relation to sustainability initiatives or socially responsible investing.
However, when it comes to ESG, all stakeholders are increasingly looking at these nonfinancial factors in deciding which companies they want to work for or with. And that makes this an area of significant focus for PNC.
Six months into bringing its four-year, $88 billion Community Benefits Plan to life, PNC is making significant progress on increasing economic opportunities for all.
Under the Community Benefits Plan started Jan. 1, 2022, The PNC Financial Services Group allotted $47 billion in financing for residential mortgage and home equity lending, $26.5 billion in small business loans, $14.5 billion for community financing loans and investments, and an additional $500 million in charitable giving over a four-year period beginning in 2022.
Every step toward gender financial equity matters.
When Fortune announced its Global 500 in 2021, the magazine noted that the number of women running companies on the list “soared to an all-time high.” Unfortunately, that all-time high was just 23 companies – or less than 5% -- of the 500 included on the annual list.
While workplace representation is just one metric, that statistic is a stark reminder of the ponderous pace at which the world is moving toward gender financial equality. According to the World Economic Forum’s 2020 Global Gender Gap Report, it will take 257 years to close the economic gender gap.