Banking Fintech News

EPA Recognizes PNC Bank for Leading Green Power Use

EPA Recognizes PNC Bank for Leading Green Power Use

PNC Bank, National Association, is pleased to announce its membership to the U.S. Environmental Protection Agency’s Green Power Partnership.

Latest Fintech Insights: GBank Financial Holdings Inc. Announces Quarterly Operating Earnings

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.

Browse The Complete News About Fintech : Envestnet | Moneyguide, FP Alpha Integration Empowers Advisors to Offer More Personalized Advice

“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.

Read More About Fintech News OpenEnvoy Empowers Accounts Payable Teams With Match Groups

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Uzbekistan’s People’s Bank Selects Finastra to Transform Risk Management Business

Fintech News Desk

Quadient’s Accounts Receivable Automation Solution YayPay Joins Sage Marketplace to address Small and Medium Businesses Needs

Fintech News Desk

Boubyan Bank Commemorates 15th Anniversary with IDEMIA’s Exclusive Metal Cards

Fintech News Desk
1