Tier II Reporting
KeyBank’s diversity, equity, and inclusion practices embrace our diverse suppliers and encourage other suppliers to do the same. Working together, we can promote the benefits of diversity.
Key has provided the following overview to support the awareness and execution of this business strategy.
Report Your Second-Tier Spending
If you are a current Tier I supplier of KeyBank, you are strongly encouraged to report your spend with diverse businesses.
Utilizing ConnXus, KeyBank has automated how we request, communicate, gather and consolidate reports from all the suppliers providing Second-Tier supplier diversity data.
Program Terms and Definitions
Primary (Tier I) suppliers – Suppliers who contract directly with KeyBank to provide goods or services.
Second-tier (Tier II) suppliers – Subcontractors who provide goods or services to Tier I (primary) KeyBank suppliers.
Second-tier direct spend (Tier II) suppliers – Second-tier direct spend is the process by which a contracted majority supplier subcontracts to a qualified diverse business for goods or services that directly support the fulfillment of a KeyBank contract.
Second-tier indirect spend suppliers – Spend contracted with diverse suppliers that have been prorated based on supplier sales and/or percentage of a supplier’s total revenue.