Earth Day 2022 - KeyBank Outlines How It Will “Invest in Our Planet”
KeyBank is committed to expanding its strong legacy of climate stewardship – taking bold actions to reduce greenhouse gas emissions, become carbon neutral in our operations, and support environmental equity. Key’s responsible business practices and investments are making a measurable impact on reducing our environmental footprint and building more sustainable communities.
This year’s Earth Day theme is “Invest in our Planet.” This Earth Day, Key intends to do just that. KeyBank is committed to leveraging its our expertise, relationships, market influence, and resources to help address the pressing challenge of climate change.
Key is proud to announce a five-year pledge to finance or facilitate $38 billion to address climate change and support green initiatives by year-end 2026. Through this commitment, Key will support the innovative companies that have realized going green will help the entire planet. It will also amplify Key’s impact on the environment.
Key’s sustainable finance commitment includes lending and facilitating activities across the following environmental criteria:
- Battery Storage and Manufacturing
- Clean Transportation
- Clean Water
- Climate Change Resiliency and Adaptation
- Energy Efficiency
- Green, Social, Sustainable (GSS) Bonds
- Pollution Prevention and Control
- Renewable Energy
- Sustainable Agriculture and Forestry
Key is also committing to achieve carbon neutrality across its scope 1 direct and scope 2 indirect greenhouse gas emissions, by year-end 2030. Currently, KeyBank is 31% of the way to this goal. Additionally, Key is committed to joining the Partnership for Carbon Accounting Financials (PCAF) and will complete the necessary measurement and evaluation of scope 3 financed emissions.