Keybank
KeyBank, officially known as KeyCorp, is a prominent financial institution headquartered in the United States, with a significant presence in the Midwest and Northeast regions. Founded in 1849, KeyBank has evolved into a leading player in the banking industry, offering a diverse range of services including personal banking, business banking, investment management, and mortgage solutions. KeyBank distinguishes itself through its commitment to customer service and innovative financial products tailored to meet the unique needs of individuals and businesses. With a strong focus on community engagement and sustainable practices, the bank has garnered recognition for its efforts in corporate responsibility. As a member of the S&P 500, KeyBank continues to solidify its market position, consistently ranking among the top banks in the nation for customer satisfaction and financial performance.
DitchCarbon Score
How does Keybank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Keybank's score of 60 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Keybank's reported carbon emissions
In 2023, KeyBank reported total carbon emissions of approximately 94,935,000 kg CO2e. This includes Scope 1 emissions of about 9,803,000 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 24,454,000 kg CO2e. The bank's Scope 3 emissions were significant, totalling around 60,678,000 kg CO2e, with major contributions from business travel (about 14,134,000 kg CO2e) and employee commuting (approximately 17,651,000 kg CO2e). KeyBank has set ambitious climate commitments, aiming for a 40% reduction in combined Scope 1 and 2 emissions by 2030, using a 2016 baseline. Additionally, the bank is committed to achieving carbon neutrality for its Scope 1 and 2 emissions by the end of 2030. Long-term goals include an 80% reduction in these emissions by 2050. As of now, KeyBank reports being 77% of the way towards its 2030 reduction target. These commitments reflect KeyBank's proactive approach to addressing climate change and align with industry standards for sustainability and emissions reduction. The data reported is not cascaded from any parent organization, ensuring that these figures and targets are specific to KeyBank's operations.
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| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 77,029,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 48,239,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 14,027,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Keybank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
