KeyBank Publishes 2023 Corporate Responsibility Report Highlighting Community Impact

NORTHAMPTON, MA / ACCESSWIRE / May 16, 2024 / KeyBank recently published its 2023 Corporate Responsibility Report. The comprehensive report tells their story as a responsible corporate citizen and provides transparency about their performance and activities related to the sustainability and societal impact of their business and investments during the 2023 calendar year.

​​​​​​​​​​​The report covers Key's commitment to advancing corporate responsibility strategies and making sustained progress toward its four corporate responsibility priorities - climate stewardship, financial inclusion, diversity, equity, and inclusion, and data privacy and security.

Highlights of their milestones include:

Thriving Clients

• Served more than 540 clients through Key's three special purpose credits programs¹ - funded $1.8 million in homebuyer grants and $8.8 million in Key Opportunities Home Equity Loans²
• Launched Immediate Funds^SM, which allows eligible clients the option to receive instant access to their check deposit for a fee³

Refreshed fee structure - part of our broader effort to make banking more convenient and flexible for our clients

Thriving Colleagues

• Named 14x to the Top 50 Companies for Diversity by DiversityInc
• Employees volunteered more than 77,000 hours in the communities Key serves
• Focused on employee mobility - 22.8% of employees moved jobs or received a promotion

Thriving Communities

• Delivered $5.5 billion in capital in support of affordable housing, home lending, small business lending, and transformative philanthropy in low- and moderate-income communities
• Ranked second among U.S. Affordable Housing Lenders with $6.1 billion in multifamily affordable financing (source: 2023 Lenders Survey, Feb 2024)
• Placed $50 million of deposits across six Minority Depository Institutions and Community Development Institutions
• Made $39.8 million in philanthropic investments, including $5.6 million in charitable contributions made through Key employee programs
• Exceeded our enterprise goal of directing 8% of our qualified spend to diverse suppliers (Tier I and Tier II) - with total diverse spend at 13%

Thriving Planet