Being a responsible corporate citizen is part of our plan, and we sweat the details. With products and services that support green buildings, energy efficiency, high-efficiency vehicles, and renewable energy, we’re helping create a more sustainable economy.
Building a Sustainable Community Through Responsible Actions
KeyBank’s focus on sustainable business practices — both operationally and through our lending activities — remained a priority for 2025. From our sustainability team to our corporate real estate team to our public finance team, we work across the enterprise to collaborate on initiatives that not only position our company for long-term resiliency, but generate revenue while enabling resilience for our clients, communities, and broader society. KeyBank is adept at navigating an ever-evolving market and regulatory landscape, and we continuously seek opportunities to innovate and grow our sustainability initiatives.
In 2025, we continue to strengthen the foundation of our sustainability and climate programs in support of three core pillars:
- Deploying sustainable finance: We are committed to mobilizing capital to support our clients and the communities we serve in their climate adaptation and mitigation efforts. This includes investing in sustainable projects and initiatives that promote environmental resilience and social well-being.
- Achieving operational sustainability: We are taking action to reduce our own environmental footprint. This includes implementing sustainable practices across our operations, from energy efficiency to paper and e-waste reduction to sustainable procurement.
- Evolving climate risk management: We work cross-functionally to identify climate-related risks to enhance our management practices and address potential climate impacts to our business. We support our clients in their transition to a low-carbon economy, providing them with resources to adapt to a changing climate and thrive.
We are pleased to share the following progress on our public commitments and program capabilities through year-end 2025:
- Completed a baseline measurement of our financed emissions to understand the carbon footprint of our lending portfolio and help us assess transition-related climate risks associated with our clients
- Assessed the impacts of physical risk at the collateral address level for our Commercial and Residential Real Estate portfolios, considering the impact on the property value and the borrower’s financial conditions for both Representative Concentration Pathways 4.5 (moderate) and 8.5 (high) scenarios.
- Refreshed our enterprise-wide climate risk module via our online learning management system; through year-end, 1,530 Key teammates had completed the module.
- Relaunched an expanded composting program at our Tiedeman Campus in Brooklyn, Ohio — our largest owned office location — in partnership with a local composting firm in January 2026. In its first few months, the program has diverted approximately 5,300 pounds of food waste from landfills — equivalent to avoiding more than 5,000 miles of vehicle emissions.
- Launched in 2021, KeyBank's Cloud Acceleration Program adopted a holistic approach to operating a secure, resilient, and more sustainable technology ecosystem. Through a combination of modern cloud services, energy-efficient colocation facilities, and optimized enterprise platforms, KeyBank took proactive steps to reduce the environmental footprint associated with operating its technology infrastructure.
Deploying sustainable finance
KeyBank has a commitment to finance or facilitate $38 billion to address climate issues and support projects and initiatives that enable sustainability and resiliency. This commitment helps reduce our transition-related risks and supports our objective to remain among the leaders in renewable energy and affordable housing project finance lending in North America. As the demand for data centers increases with the accelerated adoption of artificial intelligence, the need for reliable, domestic energy is critical. Renewable energy generation is an important part of the equation to meet rising load requirements, enable grid stability, and keep the cost of energy affordable. We continue to make significant progress toward our commitment.
Through year-end 2025, we have deployed nearly $24 billion in new capital to mobilize and support a low-carbon economy since 2022 — achieving more than 63% of our goal of $38 billion commitment.
Achieving operational sustainability
KeyBank continues to strengthen our operational sustainability by making our facilities more energy efficient and investing in renewable energy projects that shrink our carbon footprint while supporting clean power on the grid. Our Sustainability and Corporate Real Estate teams work closely together to shape Key’s overall operational sustainability strategy, partnering with internal stakeholders and industry experts to identify opportunities that reinforce our commitment to helping our clients and communities thrive.
In 2025, we spent nearly $3.8 million on energy efficiency projects across our footprint.
