CLEVELAND, May 23, 2017 /PRNewswire/ -- KeyCorp (NYSE:
KEY) today released its 2016 Corporate Responsibility Report,
highlighting progress in the areas of Responsible Banking,
Responsible Citizenship and Responsible Operations, alongside
industry awards and accolades. The report found that the bank
exceeded its long-term energy use reduction goal with a 33.5
percent reduction in energy use compared to the 25 percent goal set
for 2020. By the end of 2016, the bank maintained a renewable
energy portfolio worth more than $3.4
billion and earned an "A-" CDP score.
To view the full Key CR Report, visit:
www.key.com/crreport
Overall, KeyBank's Corporate Responsibility Report describes the
bank's consistently-committed resources to the neighborhoods it
serves, and outlines the acquisition of First Niagara, the
development of the National Community Benefits Plan and the bank's
new philanthropic focus. The report also includes details about
banking consumers' experiences with the HelloWallet personal
finance solution and strengthening diverse talent.
"At KeyBank, we help clients and communities thrive through
consistency and commitment," said Bruce
Murphy, executive vice president and head of Corporate
Responsibility. "In 2016, we carried out banking, citizenship and
operations that directly supported our neighbors and their
communities. We're proud of our approach and are excited to
continue progressing through 2017."
The Corporate Responsibility Report details Key's successful
acquisition of First Niagara in 2016, adding 304 branches and
integrating a mortgage platform that will help the bank support
aspiring homeowners. The acquisition spurred the development of
KeyBank's National Community Benefits Plan, a $16.5 billion plan that holds the bank
accountable for investments in mortgage, small business lending,
community development lending and investments, philanthropy and
innovation. Together, the two banks make up "the new KeyBank," a
highly-regarded community development and financial wellness
powerhouse serving 15 states across the country.
Over the course of 2016, KeyBank successfully onboarded
Corporate Responsibility Officers, hired diverse talent and
contracted diverse suppliers. The new Corporate Responsibility
Officer position establishes leading forces in regional markets to
move Key's Community Reinvestment Act and local engagement
activities forward. The bank also maintained diverse hiring and
business practices: 30 percent of hires in 2016 were minorities, 62
percent were women and 12 percent of the corporate procurement
spend went to diverse suppliers, contributing to KeyBank
maintaining its position on the DiversityInc.'s Top 50 Companies
for Diversity list.
"At KeyBank, we lead by example," said Andrew Watterson, head of sustainability at
KeyBank. "We prioritize sustainable operations that demonstrate our
commitment to responsibility and showcase our impact on the
neighborhoods we proudly serve, and will continue to serve in the
future."
After its performance in 2016, Key's accolades include:
- Eight consecutive "Outstanding" CRA ratings
- Three "America's 50 Most Community-Minded Companies"
recognitions from the Points of Light Civic 50
- Seven "Top 50 Companies for Diversity" designations from
DiversityInc.
- Nine "Best Companies for LGBT Equality" designations from the
Human Rights Campaign
- Two "Military Friendly Employer" awards by G.I. Jobs
About KeyCorp
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 $134.5
billion at March 31, 2017. Key
provides deposit, lending, cash management, insurance, and
investment services to individuals and businesses in 15 states
under the name KeyBank National Association through a network of
more than 1,200 branches and more than 1,500 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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SOURCE KeyCorp