Is PNC Bank ethical?

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Policing & prisons Confirmed

PNC funds private prisons and migrant detention

PNC is one of the largest funders of private prisons and the migrant detention industry due to its relationship with CoreCivic.

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psmag.com
“Due to its relationship with CoreCivic, PNC is one of the largest funders of private prisons and the migrant detention industry,” says Bailey Shelene, an organizer with the Metropolitan Anarchist Coordinating Council, which led the demonstration against PNC in New York.

Wages & economic policy Confirmed

PNC boosts federal lobbying amid Zelle scrutiny

PNC expanded its federal lobbying spending last quarter due to increased scrutiny of Zelle, the payments app owned by a consortium of banks including PNC.

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politico.com
— Crossroads and West Front are the first outside firms lobbying for the bank since 2014, according to disclosures. PNC also nearly doubled its lobbying spending last quarter compared with what it reported spending from April through June.
PNC ADDED LOBBYING FIREPOWER AMID ZELLE SCRUTINY: PNC drastically expanded its lobbying footprint and boosted its spending on federal lobbying last quarter amid increased scrutiny in Washington of Zelle, the payments app owned by a consortium of banks including PNC, disclosures filed last week show.

Climate & energy Confirmed

PNC funds top coal producers

PNC has funded some of the top coal producers, including Arch Coal and Alpha Natural Resources.

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archive.thinkprogress.org
Before this decision, PNC provided financing for six of the biggest MTR coal mining companies — Massey, Arch Coal, Patriot Coal, Alpha, International Coal Group, and CONSOL — who were responsible for nearly half of all mountaintop removal mining in 2009.
archive.triblive.com
PNC has funded some of the top coal producers, including Arch Coal and Alpha Natural Resources, according to the data.

Workplace equity Official statement

Statement on PNC and value-added products and services

In addition, PNC maintains a robust Supplier Diversity Program that guides our efforts to purchase value-added products and services from diverse-owned business enterprises, maintain a diverse supplier base and gain exposure to the varied perspectives, unique skills and innovative thinking that ultimately enhances our competitiveness and allows us to better serve our evolving customer base.

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democrats-financialservices.house.gov
In addition, PNC maintains a robust Supplier Diversity Program that guides our efforts to purchase value-added products and services from diverse-owned business enterprises, maintain a diverse supplier base and gain exposure to the varied perspectives, unique skills and innovative thinking that ultimately enhances our competitiveness and allows us to better serve our evolving customer base.
banking.senate.gov
In addition, PNC maintains a robust Supplier Diversity Program that guides our efforts to purchase value-added products and services from diverse-owned business enterprises, maintain a diverse supplier base and gain exposure to the varied perspectives, unique skills and innovative thinking that ultimately enhances our competitiveness and allows us to better serve our evolving customer base.
banking.senate.gov
In addition, PNC maintains a robust Supplier Diversity Program that guides our efforts to purchase value-added products and services from diverse-owned business enterprises, maintain a diverse supplier base and gain exposure to the varied perspectives, unique skills and innovative thinking that ultimately enhances our competitiveness and allows us to better serve our evolving customer base.