Leadership for a bright future.
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
From retail and commercial banking products in Key Community Bank, to investment products in Key Private Bank, equipment financing through Key Equipment Finance, and lending and capital investments through KeyBanc Capital Markets®, KeyBank is committed to sustainability.
- Invest in renewable energy
- Reduce our environmental footprint
- Design more efficient and healthier facilities
- Help our clients reduce their environmental footprint
Investing in Renewable Energy
Investing in renewable energy and energy efficiency has tremendous potential for both our clients and our shareholders.
Since 2007, KeyBanc Capital Markets (KBCM) has been investing in renewable power generation in the United States. KBCM also provides services to clean technology firms in the smart grid, energy management and pollution control sectors. Key is one of the largest U.S. bank lenders to the wind and solar sectors and a national leader in renewable energy investments.
At year-end 2018, we had committed $3.3 billion to renewable energy projects, representing a cumulative capacity for 27.2 GW, a 4.4 GW increase.
Our Key Equipment Finance Clean Energy specialists are recognized leaders in renewable energy. Armed with the resources, connections and expertise, the Clean Energy team helps end user clients and the manufacturers and vendors which serve them access the financing necessary to implement renewable and distributed generation solutions which reduce energy spend, achieve independence from the grid, and realize sustainability goals.
Science-Based Target Operations Goals
We recognize that climate change is both a risk and an opportunity for the resilience and growth of our business in years to come.
Because goal setting is an important first step in slowing the effects of climate change, we set new greenhouse gas (GHG) emissions and renewable energy procurement goals in 2017. They’re aligned with the Science-Based Targets initiative and were established in partnership with internal stakeholders. Science-Based Targets help companies understand global climate change in all its complexity and provide methodology for long-term goal setting. The methodology aligns with the Paris Agreement goal of limiting the global temperature increase to no more than 2 degrees Celsius. Our science-based sustainability goals reflect Key’s commitment to innovation and developing strategic, environmentally friendly practices.
KeyBank Operational Performance
In addition to investing in renewable energy sources, KeyBank has aimed to reduce its operational footprint by designing and leasing more efficient, environmentally friendly facilities. As a result, KeyBank now operates over 2 million square feet of LEED-certified space, including 50 percent of corporate facilities. The company strives for reductions in energy consumption and CO2 emissions, increasing the use of renewable energy in its operations, and to report results in its annual CDP and corporate responsibility report. In 2018 alone, KeyBank diverted 48 percent of company waste from landfills and reduced paper usage by 45.1 tons, approximately 9 million sheets.
Our Sustainability Commitment in Action
Thriving with Sustainable Practices
Importance of Corporate Sustainable Practices
A commitment to environmental sustainability is becoming an essential part of corporate and community resilience and growth. More and more, customers are looking to buy products from companies that engage in sustainable practices.
From Our Corporate Offices to Our Branches, We’re Building Green
“By integrating green building practices into branches, we reduce negative impacts to the environment, and both Key employees and customers benefit.”
—Carmen McClennon, Director, Integrated Channel Management, KeyBank
Sustainability in Philanthropy
KeyBank Foundation aims to make positive change that it can maintain over time with continual improvements. By investigating the root causes of community problems, taking a long-term view of the current situation and implementing plans to incorporate a broader social vision, the Foundation creates change that endures.
Sustainable Office Cafeteria
Engaging Employees in Sustainability
Our goal is to divert 75% of the company’s waste from landfills. In the first full year of composting, KeyBank diverted 20.7 tons of cafeteria kitchen waste from landfills. We stopped offering plastic stirrers and straws in our cafeterias and, by 2018, had reduced the use of single-use plastics, coffee cups and Styrofoam.