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.
+28 vs industry average
Keybank’s score of 63 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Keybank's reported carbon emissions
In 2024, KeyBank reported total carbon emissions of approximately 91.0 million kg CO2e, comprising 9.2 million kg CO2e from Scope 1, 24.2 million kg CO2e from Scope 2, and 57.7 million kg CO2e from Scope 3 emissions. This reflects a commitment to reducing their carbon footprint, with a target of achieving a 40% reduction in Scope 1 and 2 emissions by 2030, based on a 2016 baseline. KeyBank aims for carbon neutrality across its Scope 1 and Scope 2 emissions by the end of 2030. The bank has made significant strides towards these goals, reporting a 50% achievement of its Scope 1 and 2 GHG emissions commitment as of 2024. Additionally, they have set a long-term target of an 80% reduction in Scope 1 and 2 emissions by 2050. KeyBank's initiatives include sourcing 20% of its energy from renewable sources by 2030 and 60% by 2050, further underscoring its commitment to sustainability and climate action.
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Keybank’s Climate Goals (2030 & 2050)
11 goals2050
80% reduction in Scope 1
80% reduction in Scope 1 and 2 emissions by 2050.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
8 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Keybank
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