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KeyBank, often simply referred to as Key, is a prominent US-based financial institution. Headquartered in Cleveland, Ohio, with a significant presence across several states, KeyBank operates primarily within the financial intermediation services sector, excluding insurance and pension funding.
Founded in 1825, KeyBank has a long-standing history of providing comprehensive financial solutions. Its core offerings encompass a wide array of banking services for individuals and businesses, including consumer banking, commercial banking, and wealth management.
Distinguished by its commitment to client success and community engagement, KeyBank holds a strong market position as one of the largest regional banks in the United States. They deliver tailored financial advice and innovative products, catering to diverse client needs through a blend of traditional and digital services.
64
DitchCarbon score
+27 vs industry average
Keybank’s score of 64 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
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Keybank's reported carbon emissions
Keybank reported total emissions of approximately 91,039,000 kg CO2e in 2024. This included Scope 1 emissions of around 9,236,000 kg CO2e, Scope 2 emissions (market-based) of about 24,151,000 kg CO2e, and Scope 3 emissions totalling approximately 57,652,000 kg CO2e. This represents a decrease from 2023, when total emissions were approximately 94,935,000 kg CO2e.
Keybank has committed to achieving carbon neutral operations across its Scope 1 and Scope 2 emissions by the end of 2030. The company also aims for a 40% reduction in combined Scope 1 and 2 emissions by 2030, and an 80% reduction by 2050, both against a 2016 baseline. As of 2024, Keybank has achieved 50% of its Scope 1 and Scope 2 GHG emissions commitment (using a 2016 baseline). Furthermore, the company is committed to a 75% reduction in location-based GHG emissions by 2030, having achieved a 60% reduction as of 2024.
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Keybank’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
8 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Keybank3 months ago
64
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