Keycorp

RATING

SECTOR

Banking

WEBSITE

CONTACT

127 Public Square

Cleveland, OH 44114

United States

P: 216-689-3000

STOCK EXCHANGE

LISTING

    • Top 50 Companies for Diversity DiversityInc 
    • Top 20 Companies for Diversity Councils Diversity
    • 2018 Best of the Decade for Supplier Diversity Minority Business News 
    • 100 Most Sustainable Companies in the World Corporate Knights, Most Sustainable Companies in the U.S.
    • Best Companies for LGBT Equality Human Rights Campaign

EMPLOYEES

18,180

CHIEF SUSTAINABILITY OFFICER

Ben Cooper

AWARDS

  • “Outstanding” Consecutive CRA Ratings
  •  America’s 50 Most Community-Minded Companies 
  • First American Corporate Leadership Award, National Center for American Indian Enterprise Development 
  • Military Friendly Employer G.I. Jobs 
  • Military Spouse Friendly Employer G.I. Jobs
  • Leading Disability Employer National Organization on Disability (NOD)

CONTENT SOURCE

FURTHER READING

Keycorp

SECTIONS :  Sustainability    Evaluation  •  Progress  •  Watch  •  Overview

Company Activity

The company’s Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans. It also purchases retail auto-sales contracts through a network of auto dealership; offers financial, estate and retirement planning, asset management, and trust services, as well as portfolio management, life insurance, charitable giving, and related services for high-net-worth clients. In addition, this segment provides deposits, investment and credit products, and business advisory services to small businesses; and commercial lending, cash management, equipment leasing, and investment products, as well as employee benefit programs, succession planning, capital market access, derivatives, and foreign exchange services to mid-sized businesses.

Its Key Corporate Bank segment offers a suite of banking and capital market products, such as syndicated finance, debt and equity capital market products, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance, as well as commercial mortgage loans for middle-market clients comprising consumer, energy, healthcare, industrial, public, real estate, and technology sectors. The company also offers securities underwriting, investment banking, and brokerage services.

As of December 31, 2018, it offered its products and services through 1,159 retail banking branches and 1,505 automated teller machines in 15 states, as well as additional offices, online and mobile banking capabilities, and a telephone banking call center.

KeyCorp was founded in 1849 and is headquartered in Cleveland, Ohio.

Company Sustainable Activity

According to the company: “Creating a sustainable community is essential to our mission at KeyBank. Through our corporate actions, we work to benefit our clients and our communities, so that we can all have a bright future, together.

Springbok 1 Solar Farm SBL Holdco: KeyBanc Capital Markets, Inc. led a $435 million financing for a 567 MWDC solar portfolio owned by Dominion Resources, Inc. The 24 projects in six states have generated enough power to power the equivalent of 100,000 homes.

Helping Clients with Sustainable Investments: Keybank provides loans, lines of credit and leases that help the client make sustainable investments in their businesses and facilities. In 2016, their Energy and Renewable platform increased lending by 300%. In addition to providing clients with products and services that promote savings, KeyBank helps clients access grants and programs to defray the costs of sustainability upgrades.

From Corporate Office to our branches, We’re Building Green: “By integrating green building practices into KeyBank branches, Key employees and customers benefit from these design practices, while reducing any negative impacts to the environment.” Carmen McClennon, Director, Integrated Channel Management, KeyBank

Supporting Communities: KeyBank Foundation aims to make positive change and to maintain that change over time with continual improvement. By investigating the root causes of community problems, taking a long-term view of the current situation and implementing plans to incorporate a broader social vision, the Foundation creates change that endures.

Green Office April: During this popular, month-long sustainability celebration, their employees focus on making a positive impact on the environment – at work and at home. The effort includes learning new ways to make sustainable decisions, like how to plan out and grow vegetable gardens, and the importance of stormwater runoff.”

Certificates

  • LEED Certifications

Sustainable Development Goals: N/A

How company covers SDGs

N/A

Progress

GOALS FOR  2020

  • 30% absolute reduction of our Scope 1 and 2 emissions over our 2009 baseline
  • 25% reduction on direct and indirect energy use over our 2009 baseline
  • 50% of square footage with an ENERGY STAR score of 75 or greater
  • 30% reduction of our back office and retail paper usage over our 2014 baseline waste to landfill diversion

Keycorp is a wealth management system for personal and business sector. Keycorp has not been very clear about its commitment towards SDGs and other sustainable goals. They have a community mindset and they are dedicated to announcing their improvements towards their sustainability activity, and how they run it on their own (great management of their buildings for example with LEED Buildings). Although they do have the LEED certificate, they have yet to provide a substantial plan towards being SDGs Compliant and until then we are rating them C.

Videos: N/A

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