Keybank Sustainability Profile
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 67 is higher than 82% 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 2024, KeyBank reported total carbon emissions of approximately 91,039,000 kg CO2e, a decrease from about 94,935,000 kg CO2e in 2023. The emissions breakdown for 2024 includes 26,266,000 kg CO2e from Scope 2 (purchased electricity) and 57,652,000 kg CO2e from Scope 3 emissions, which encompass various categories such as business travel and employee commuting. Notably, KeyBank does not disclose Scope 1 emissions data. KeyBank has set ambitious climate commitments, aiming for a 40% reduction in combined Scope 1 and 2 emissions by 2030, based on 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 2023, KeyBank reported being approximately 77% on track to meet its 2030 reduction target. KeyBank's climate initiatives are part of a broader commitment to sustainability, including sourcing 20% of its energy from renewable sources by 2030 and 60% by 2050. These targets reflect the bank's dedication to addressing climate change and reducing its environmental impact.
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| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | - | - | - |
| 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 | 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 | 00,000,000 |
How Carbon Intensive is Keybank's Industry?
How Carbon Intensive is Keybank's Location?
Keybank's Scope 3 Categories Breakdown
Keybank's Scope 3 emissions, which decreased by 5% last year and increased by approximately 311% since 2011, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 60% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 36% of Scope 3 emissions.
Top Scope 3 Categories
Keybank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Keybank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
