Submitted by KeyBank
KeyBank is committed to expanding its strong legacy of climate stewardship – taking bold actions to reduce greenhouse gas emissions, become carbon neutral in our operations, and support environmental equity. Key’s responsible business practices and investments are making a measurable impact on reducing our environmental footprint and building more sustainable communities.
This year’s Earth Day theme is “Invest in our Planet.” This Earth Day, Key intends to do just that. KeyBank is committed to leveraging its our expertise, relationships, market influence, and resources to help address the pressing challenge of climate change.
Key is proud to announce a five-year pledge to finance or facilitate $38 billion to address climate change and support green initiatives by year-end 2026. Through this commitment, Key will support the innovative companies that have realized going green will help the entire planet. It will also amplify Key’s impact on the environment.
Key’s sustainable finance commitment includes lending and facilitating activities across the following environmental criteria:
Key is also committing to achieve carbon neutrality across its scope 1 direct and scope 2 indirect greenhouse gas emissions, by year-end 2030. Currently, KeyBank is 31% of the way to this goal. Additionally, Key is committed to joining the Partnership for Carbon Accounting Financials (PCAF) and will complete the necessary measurement and evaluation of scope 3 financed emissions.
KeyCorp's roots trace back 190 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 $176.2 billion at March 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 1,100 branches and more than 1,400 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.
More from KeyBank