PNC
Corporate Bias Rating
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Risk Level:
Summary:
PNC Bank, owner of BBVA USA, has stopped lending to private prisons due to controversy surrounding former President Trump's immigration policies. PNC also stopped PAC contributions to a U.S. Congressman for his religious views regarding LGBTQ+ policy. PNC Bank scored a 95 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with Human Rights Campaign’s controversial demands, PNC Bank increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. PNC Bank uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. The bank funds multiple LGBTQ causes and organizations. PNC has pledged over $1 billion to end "systemic racism" and is a Bronze sponsor of the HRC. The company is committed to carbon neutrality by 2040. BBVA opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. PNC discriminates against religious organizations in its charitable giving and does not provide viewpoint protections for its employees. For these reasons, PNC Bank receives a High Risk rating.
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CEO of PNC
William S. Demchak
Summary:
Headquartered in Pittsburg, Pennsylvania, PNC is a member of the Fortune 250 operating in the Banks industry. William S. Demchak and William S. Demchak serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $303,025 to Republican causes and $609,773 to Democratic causes. Under their tenure, PNC currently holds a 'High Risk' risk rating.
View Full Board Bias ReportPolitical Contributions of Leadership:
$303,025
$609,773
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
5/25/22 | Social | John Chevedden | Report on Lobbying Payments and Policy | Against | 36.58% |
4/27/22 | Social | Sisters of St. Joseph of Brentwood | Report on Risk Mgmt. & the Nuclear Weapons Industry | Against | 7.69% |
In the News
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