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 55 is higher than 74% 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, a significant decrease from 116,359,000 kg CO2e in 2022. The emissions breakdown for 2023 includes 9,803,000 kg CO2e from Scope 1, 24,454,000 kg CO2e from Scope 2, and a substantial 60,678,000 kg CO2e from Scope 3 emissions. This reflects a commitment to reducing their carbon footprint across all scopes. KeyBank has set ambitious targets to achieve a 40% reduction in combined Scope 1 and 2 emissions by 2030, based on a 2016 baseline. They aim for carbon neutrality in their Scope 1 direct and Scope 2 indirect emissions by the end of 2030. Additionally, the bank has long-term goals of achieving an 80% reduction in Scope 1 and 2 emissions by 2050. The bank's initiatives include a commitment to source 20% of its energy from renewable sources by 2030 and 60% by 2050. These targets are part of KeyBank's broader strategy to enhance sustainability and address climate change, demonstrating their proactive approach in the financial sector.
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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.
