PNC’s Environmental Commitment

. PNC strives to integrate our day-to- day business practices with environmental responsibility . These green business practices enable us to… — reduce our environmental footprint — improve efficiency and lower costs — increase employee satisfaction and productivity — enhance the communities where we operate . Started in 2000 when we built our first green building, Firstside Center in , PA — opened as the nation’s largest building (650,000 SF) certified by the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED®) program

Slide 2 Green Buildings

2000 2002 2003 2006 2009

Firstside Center opened in Green Branch® PNC GIS Headquarters Volume Program Green Wall 2000 as the largest LEED PNC became the first major U.S. PNC constructed the first PNC helped develop and pilot PNC installed the certified building and first bank to build green bank LEED certified building in the the LEED Volume Program for nation’s largest living certified under LEED v2.0 branches, and trademarked state of Delaware (Note: GIS the USGBC, which was officially green wall (2400 SF) on Green Branch in 2006 was sold to BNY Mellon in launched in 2010 One PNC Plaza 2010)

2009 2010 2013 2013 2014

Three PNC Plaza PNC Place Net Zero Branch 500 Smithfield PNC has 254 LEED certified Achieving LEED Gold, On Firstside’s 10th This LEED Platinum certified Renovated the former projects, and more newly Three PNC Plaza is one of anniversary, PNC Place branch in Fort Lauderdale is Mellon Bank headquarters constructed certified buildings the world’s largest green, achieves PNC’s 100th 50% more efficient than code, building to serve as an (158) than any company on mixed-use buildings LEED certification and first and generates as much energy efficient workspace Earth LEED Platinum energy as it needs through on- for 800 PNC Customer site solar panels Care Center employees Green Buildings

. PNC now has 254 LEED certified projects, including more newly constructed LEED buildings (158) than any company on Earth. . PNC has 97 ENERGY STAR certified buildings, and will achieve its 100th certification later this year.

Slide 4 Net Zero Energy Branch (Fort Lauderdale, FL)

Slide 5 The Tower at PNC Plaza (Pittsburgh, PA)

WHAT? WHEN? WHO? • PNC Corporate Headquarters • APR 2012 Deconstruction • Developer PNC • 800,000 gross square feet • JUL 2012 Substructure • Owner PNC • 550 feet tall • MAY 2013 Tower • Architect Gensler • Multi-story underground garage • MAR 2014 Interiors • Contractor PJ Dick • Construction Budget: $240M • AUG 2015 Open • Engineer Buro Happold

Slide 6 How do you make a building breathe?

Slide 7 A breath of fresh air

Slide 8 Environmental Impact

Slide 9 Environmental Savings since 2009

Since 2009, PNC has reduced its energy, water and paper consumption and greenhouse gas emissions by implementing green building and operating practices.

Slide 10 Environmental Indicators (Paper Use & Green Building Certifications)

Slide 11 Environmental Indicators (Greenhouse Gas Emissions)

Slide 12 Environmental Indicators (Energy Use, Renewable Energy Credits, Water Use)

Slide 13 Stakeholder Engagement

 External Communications — Corporate Responsibility report — Carbon Disclosure Project report — Press releases — Youtube videos  Internal Programs — Monthly News Online articles — Connections community — !deaBank — Green Team program

Slide 14 Green Team Projects

• Educational Programs — External presenters on safe bike commuting and home retrofits • Resource Efficiency Efforts — “Think Before You Print” campaign • Recycling Drives — Holiday Card Recycling Drive — Overstock Office Products Collection • Grow Up Great Volunteer Opportunities — Planting a garden at a Head Start facility — Earth Day clean-up of park • Competitions — Low-Carbon Commuting Challenge — Crazy Mug Competition

Slide 15 Solar Energy Projects: An Attractive Investment Profile for Banks and other Financial Investors

Federal Tax Benefits 30% Investment Tax Credit Accelerated Depreciation (5 year MACRS)

State/Local Benefits Utility subsidies State Grants Solar Renewable Energy Credits (“SRECs”) State Tax Credits (Some Refundable) Feed in Tariff Incentives

Inherent Project Attributes Long Lived Asset (25 Year Economic Life) Stable, Predictable Cash Flows (Able to be independently validated) Market Momentum, GHG Elimination and National Policy Objectives Dramatically Reducing Cost Per Installed Watt (Approximately 50% cost reduction in last 5 Years) Sample Power Purchase Agreement (“PPA”) Transaction Structure

Host (may be different from Off- Installation, Operations and taker) Maintenance Agreements (including Performance Guarantee) Site Lease for Real Estate Developer’s Developer SPE Off-taker (Owner)

Up front, or periodic payments 30% Federal Tax SREC’s or Credit other State RPS subsidy Sample PPA Transaction Structure after Sale/Leaseback

Investor Lockbox /Lessor

Host (may Finance be Installation, Operations and Agreement different Maintenance Agreements from Off- (including Performance taker) Guarantee) Site Lease for Real Estate Developer’s Developer SPE Off-taker (Owner)

Up front, or periodic payments

30% SREC’s or Federal Tax other State Credit RPS subsidy