Submitted by KeyBank
Citing its commitment as a responsible bank to address climate change, KeyBank has issued its second annual Task Force on Climate-related Financial Disclosure (TCFD) report. The Climate Change Risks & Opportunities Report outlines Key’s commitment to both further reduce its environmental footprint and continue to enable stakeholders in efforts to do the same.
In 2017, Key published the company’s first environmental targets, including reductions to overall greenhouse gas emissions and increases in renewable energy sourcing. Key recognizes that risks and opportunities associated with climate change have grown exponentially and, as a result, have expanded and accelerated its commitments. In 2022, KeyBank published updated environmental targets, including:
Covering the period from January 1, 2021 to December 31, 2021, the report is informed by TCFD’s recommendations and outlines KeyCorp’s approach to managing climate-related risks and opportunities in the areas of governance, strategy, risk management, and metrics and targets.
As highlighted in its TCFD report, Key has:
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.
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