Highlights Include New Climate Stewardship and Diversity, Equity, and Inclusion Commitments
Published 04-19-22
Submitted by KeyBank
CLEVELAND, April 19, 2022 /CSRwire/ – Highlighting its purpose to help clients and communities thrive, KeyCorp has released its 2021 Environmental, Social, and Governance (ESG) Report. The report includes expanded commitments from Key to help drive climate action as well as increase representation of people of color in its senior leadership ranks.
Key also announced as part of the report that it has surpassed the five-year goals of its National Community Benefits Plan. Through the Plan, Key has provided more than $26 billion focused on economic access and equity. The scope of these investments and lending included affordable housing, home lending, small business lending, and transformative philanthropy targeted toward workforce development, education, and safe, vital neighborhoods for underserved communities and populations.
The 2021 ESG Report can be found at www.key.com/ESG. The report highlights Key’s progress as a responsible bank and corporate citizen, including across the four ESG priorities of: climate stewardship; financial inclusion; diversity, equity, and inclusion; and data privacy and security.
“At Key, being a responsible corporate citizen is central to who we are and how we do business. We are committed to delivering value for all stakeholders by focusing on our purpose – to help our clients, colleagues, and communities thrive,” said Chris Gorman, KeyCorp’s Chairman and CEO.
Key leverages its expertise, relationships, market influence, and resources to help address the pressing challenge of climate change. The 2021 ESG Report details for the first time, Key’s new multi-year commitments around climate stewardship, including:
The ESG Report also highlights Key’s focus on social responsibility in 2021. This includes investing $6.9 billion into the communities it proudly serves through the National Community Benefits Plan. Key surpassed its aggregate commitment of $16.5 billion under the plan and has invested more than $26 billion over the past five years in affordable housing, mortgages and small businesses in low- and moderate-income communities, and transformational philanthropy.
Other notable progress includes:
“Key’s ESG legacy is strong, as highlighted in our 2021 report, but we know our work is far from done,” said Eric Fiala, Key’s Head of Corporate Responsibility and Community Relations. “In 2022, we will focus on our ESG priorities of diversity, equity, and inclusion; financial inclusion; climate stewardship; and data privacy and security. As our 2021 report shows, we have strong momentum on these priorities and look forward to even more progress in 2022.”
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About KeyCorp
KeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $186.3 billion at December 31, 2021.
Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,300 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.
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KeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $187 billion at June 30, 2024.
Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC.
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