KeyCorp Releases 2015 Corporate Responsibility Report
Report highlights 11 percent reduction in energy consumption over 2014 and expansion of affordable housing investment platform to all 50 states in 2015, among other responsible activities
CLEVELAND, May 23, 2016 /3BL Media/ – Today, KeyCorp (NYSE: KEY) released its 2015 Corporate Responsibility (CR) Report, detailing the company’s responsible approach to banking, citizenship and operations during the 2015 calendar year. The annual report describes and shares data related to KeyBank's products and services, diversity and philanthropy initiatives and sustainability efforts.
The 2015 CR Report highlights the bank’s surpassing of its 2020 emissions and energy reduction goals, including an 11 percent year-over-year reduction in energy use. Additionally, the Report provides information on the expansion of KeyBank’s affordable housing platform to address the national affordable housing crisis; a partnership with financial planning software company HelloWallet®; and approximately $18 million in grants to nonprofit organizations across the country.
“Our fifth annual CR Report brings to life our stated purpose to help clients and communities thrive,” said Andrew Watterson, head of sustainability for KeyCorp. “We are committed to participating in the revitalization and resurgence of the communities we serve, including the financial wellness of each and every client. And we are proud to share the positive impact of our efforts and work, thus far.”
KeyCorp’s 2015 CR successes profiled in the report include:
- The assembly of a team of senior-level leaders to drive the expansion of Key’s affordable housing investment platform from 12 states to 50 states, with the goal of doubling the size of the business in the next three years
- Recognition by DiversityInc within the 2015 “Top 50 Companies for Diversity” and “Top 10 Companies for Diversity Councils” lists
- Recognition by The Civic 50 as one of “America’s 50 Most Community-minded Companies”
- Recognition from the 2015 Human Rights Campaign as one of the best companies for LGBT equality
- Approximately $2 billion extended in debt and equity to community and affordable housing developments, including $25 million to the Strong Families Fund, the largest pay-for-performance development in U.S. history
- A partnership with financial planning software HelloWallet® to help build a financial health platform for KeyBank customers
- Approximately $18 million in the form of philanthropy, corporate contributions and volunteerism to nonprofits across the nation for each of the past eight years, including $250,000 to Ginn Academy, the first and only all-male public high school in Ohio
- A renewable energy investment portfolio of more than $3 billion by the end of 2015, supporting more than 9,000 megawatts of energy capacity
- Exceeding 2020 energy reduction and emissions goals in 2015, including an 11 percent reduction in energy use over 2014 energy consumption
- 61 percent reduction in paper waste since 2008
KeyCorp's annual CR Report aligns with data collection guidelines issued by the Global Reporting Initiative (GRI). As the most widely used CR reporting framework in the world, GRI aids corporations in organizing their corporate responsibility efforts and sharing results with stakeholders. The report includes data points for the calendar year ending December 31, 2015.
To view KeyCorp's full 2015 CR Report, visit www.key.com/CRReport.
About KeyCorp
KeyCorp was organized more than 160 years ago and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key had assets of approximately $98.4 billion at March 31, 2016. Key provides deposit, lending, cash management and investment services to individuals and small and mid-sized businesses in 12 states under the name KeyBank National Association. 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.
