Achievement reflects PNC's ongoing commitment
to diversity and inclusion
PITTSBURGH, Sept. 26,
2022 /PRNewswire/ -- The PNC Financial Services
Group, Inc. (NYSE: PNC) announces that they have achieved the
Management Leadership for Tomorrow (MLT) Black Equity at Work
Certification. PNC stepped forward as a launch employer in 2020 and
is the first financial services institution to achieve
certification. This milestone acknowledges PNC's continued
significant, beneficial progress toward diversity and inclusion in
the workplace.
The MLT Black Equity at Work Certification is a critical
resource for employers committed to Black equity. It provides the
clarity, guidance, and support employers need to make tangible
progress. The plan approval process helps employers develop robust,
comprehensive plans to achieve certification in one to three years.
The certification also provides broad-based recognition, enabling
employers that take meaningful actions toward Black equity to stand
out.
"Achieving certification demonstrates that PNC is on the right
course, but this is not the finish line," says PNC's Chief
Diversity Officer Gina Coleman. "We
remain focused on and committed to continued progress. We have a
responsibility to our employees, stakeholders, and the community to
continue our journey toward equity, with the goal of being a better
company, better employer, better neighbor, and better
investment."
The Certification focuses on People, Purchasing and
Philanthropy, and centers on five Pillars:
- Representation
- Compensation
- Workplace Culture
- Business Practices
- Contributions and Investments
"Becoming Black Equity at Work Certified requires a rigorous,
comprehensive approach to moving the needle on racial equity. On
behalf of MLT, I applaud PNC for reaching this milestone, and am
grateful for our 10+ year partnership," says John Rice, founder and CEO of Management
Leadership for Tomorrow.
The two-step process to achieving certification includes a
comprehensive measurement framework, requirement of rigorous
action, hands-on support, and accountability for achieving and
sustaining measurable results. During step one, employers develop a
comprehensive plan to make progress in each of the five pillars of
the MLT Black Equity at Work Certification scorecard. Once the plan
is approved, employers have up to three years to achieve the
minimum qualifying score to become MLT Black Equity at Work
Certified. The Certification framework was carefully crafted by MLT
with support from Boston Consulting Group to strike the balance
between rigor and achievability.
"What gets measured is often what gets done, and we're proud to
see that our results indicate meaningful progress," says
Vicki Henn, PNC chief human
resources officer. "This accomplishment represents the work being
done every day across PNC's footprint. We are optimistic that our
comprehensive efforts, embedded into our business practices, will
continue to move the needle toward equity."
Management Leadership for Tomorrow (MLT) is a national nonprofit
working to transform our country's leadership pipelines and
increase access to the American Dream. MLT provides Black, Latinx,
and Native American talent with the coaching, playbook, and
networks they need in order to excel in high-trajectory careers,
secure economic mobility for their families, and become high-impact
senior leaders equipped to advocate for vulnerable communities. MLT
also provides a comprehensive solution for institutions, which
combines best-in-class recruitment, retention, and diversity
strategy offerings. Learn more at
www.mltracialequityatwork.org.
The PNC Financial Services Group, Inc. 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.
CONTACT:
Kristen Pillitteri
(412) 762-5830
Kristen.pillitteri@pnc.com
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SOURCE The PNC Financial Services Group, Inc.