KeyCorp Releases 2013 Corporate Responsibility Report
$2.9 billion extended in underserved communities; $1.2 billion renewable energy portfolio
To view Key’s 2013 Corporate Responsibility Report, visit www.key.com/CR2013
CLEVELAND, Ohio, September 15, 2014 /3BL Media/ – Today, KeyCorp (NYSE: KEY) released its 2013 Corporate Responsibility (CR) Report, which highlights the organization’s responsible approach to banking, citizenship and operations. Banking data shared includes Key’s products, services and client approach; citizenship data includes diversity, philanthropy and volunteerism initiatives; and operations data includes green building, carbon emissions and recycling.
The report serves as an update to Key’s 2012 CR report and aligns with data collection guidelines issued by the Global Reporting Initiative (GRI) framework. 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 important data points for the calendar year ending December 31, 2013.
“It is becoming more widely accepted that a company’s non-financial performance is an indicator of future success. Our business approach for years has been to balance mission and margin, so both shareholders and communities benefit from our investments,” said Bruce Murphy, head of Key’s Corporate Responsibility segment. “This report reflects such an approach and we hope our stakeholders take an active interest in its content.”
Included in the report are a number of KeyCorp’s 2013 successes. In 2013, Key:
- Became the only top 25 national bank to earn eight consecutive “Outstanding” ratings on the Community Reinvestment Act exam, reflecting the bank’s investments in its communities, especially underserved communities.
- Extended $2.9 billion in financing to developments in underserved communities in the form of debt and equity.
- Grew KeyBanc Capital Markets’ renewable energy portfolio investment to nearly $1.2 billion, making KeyCorp one of the largest lenders to the wind and solar sectors among U.S. banks.
- Invested more than $6 million in energy efficiency improvement projects in KeyCorp buildings nationally, diverted 67% of its waste from landfills and recycled 4,797 tons of office paper.
- Was named one of DiversityInc’s “25 Noteworthy Companies,” “Top 10 Regional Companies” and “Top 10 Companies for Supplier Diversity.”
- Spent 13 percent of the corporate budget with diverse suppliers, exceeding a 10 percent goal.
- Was recognized by the Human Rights Campaign with a fifth perfect score of 100 on the Corporate Equality Index.
- Gave an average of $18 million to nonprofits in the form of philanthropy, corporate contributions and volunteerism.
To view Key’s 2013 Corporate Responsibility Report, visit www.key.com/CR2013
About KeyCorp
KeyCorp (NYSE: KEY) 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 has assets of approximately $92 billion. Key provides deposit, lending, cash management and investment services to individuals, small and medium-sized businesses under the name of KeyBank N.A. 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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