On March 13, 2024, The PNC Financial Services Group Inc announced that it has received a shareholder proposal from Maryknoll Sisters of St. Dominic Inc requesting the Board of Directors prepare a report, at reasonable cost and omitting proprietary information, explaining how PNC?s risk management systems ensure effective implementation of its Human Rights Statement in existing and proposed general corporate and project financing. The report may include a description of human rights due diligence processes in place to embed respect for human rights into operations and to provide access to remedy for human rights impacts connected to financing relationships; and indicators used to assess effectiveness.

In addition, the Company urged the shareholders to vote against the shareholder proposal at its annual general meeting of shareholders scheduled to be held on April 24, 2024.