CLEVELAND, June 21, 2017 /PRNewswire/ -- KeyBank has
been recognized by Points of Light, the world's largest
organization dedicated to volunteer service, as one of the most
community-minded companies in the United
States. In addition to honoring Key on the 2017 Civic 50
list, Points of Light also designated KeyBank a 2017 Sector Leader
in Financials. The Civic 50 provides a national standard for
superior corporate citizenship and showcases how companies can use
their time, skills and other resources to improve the quality of
life in the communities where they do business.
The Civic 50 winners were announced on June 20, 2017 at the Points of Light Conference
on Volunteering and Service in Seattle, where leaders in volunteerism and
civic engagement are gathering to discuss social innovation,
cross-sector collaboration and citizen engagement can drive
change.
"Our purpose is to help our clients and communities thrive,"
said KeyCorp Chairman and CEO Beth
Mooney. "KeyBank's approach is defined by consistency and a
commitment to responsible banking, responsible citizenship and
responsible operations. This consistency and commitment underscores
our work as we participate in the economic expansion,
revitalization and resurgence of the communities we so proudly
serve."
"In the fifth year of honoring the most community-minded
companies in the nation, The Civic 50 truly highlights the
commitment to community and civic engagement of America's leading
brands," said Jennifer Lawson,
president of networks at Points of Light. "By elevating critical
stakeholder voices from employees, customers and communities into
their mission statements, The Civic 50 companies are putting
themselves at the center of change to create more enduring and
sustainable business models."
The Civic 50 winners are public and private companies with U.S.
operations and revenues of $1 billion
or more, and are selected based on four dimensions of their U.S.
community engagement program:
- Investment: How extensively and strategically does the
company apply its resources to community engagement in the United States, including employee time and
skills, cash, in-kind giving and leadership?
- Integration: How does the company integrate their U.S.
community engagement programs into key business functions,
including employee engagement, marketing/PR, diversity and
inclusion, recruiting, stakeholder relations and
skill-development?
- Institutionalization: How does the company support
community engagement in the United
States through organizational policies, systems and
incentives?
- Impact: How does the company measure the social and
business impact of their U.S. community engagement program?
In 2016, KeyBank amplified its community engagement efforts by
announcing a $16.5 billion National Community Benefits Plan. The
plan, which will be implemented over the next five years, will
stimulate job and economic growth across KeyBank's markets by
investing in mortgage and consumer loans, small business lending,
and community development lending and investment. Additionally, the
plan calls for $175 million in
KeyBank Foundation philanthropic investments.
"We are truly honored to be recognized by Points of Light for
the fourth consecutive year and to be named the Sector Leader in
Financials," said Margot Copeland,
CEO and Chairman of KeyBank Foundation. "KeyBank's 18,000 employees
come to work every day asking how they can have a positive impact
for their clients and their communities. The Civic 50 honor
recognizes our employee's commitment to be neighbors that make a
difference in the communities where they live and work."
The Civic 50 survey was administered by True Impact, a company
specializing in helping organizations maximize and measure their
social and business value. The survey instrument consists of
quantitative and multiple-choice questions that inform the Civic
50 scoring process. The Civic 50 is the only survey and
ranking system that exclusively measures corporate involvement in
communities.
To learn more about The Civic 50, to see a full list of the
winners and to access the highlights, trends, benchmarking data and
best practices from the 2017 Civic 50, please visit
www.Civic50.org.
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.
About Points of Light
Points of Light, the world's largest organization dedicated to
volunteer service, mobilizes millions of people to take action that
is changing the world. Through affiliates in 250 cities and
partnerships with thousands of nonprofits and corporations, Points
of Light engages four million volunteers in 30 million hours of
service each year. We bring the power of people where it's needed
most. For more information, visit www.pointsoflight.org.
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SOURCE KeyBank