KeyBank Recognized as One of the Most Community-Minded Companies in the Country by Points of Light
CLEVELAND, June 28, 2016 /3BL Media/ – KeyBank was recognized today as one of the most community-minded companies in the nation, as a part of Points of Light’s "Civic 50," marking the third consecutive time that KeyBank has been included on the 50-company list. Civic 50 is an initiative that sets the standard for corporate civic engagement and creates a roadmap for companies seeking to best use their time, talent, and resources to improve the quality of life in the communities where they do business. Civic 50 winners were announced today at Points of Light’s Conference on Volunteering and Service in Detroit, Michigan. At the conference, leaders of volunteerism and civic engagement gathered to discuss how social innovation, cross-sector collaboration, and citizen engagement can drive change.
“Our purpose is to help our clients and communities thrive,” said KeyCorp Chairman and CEO Beth Mooney. “We are more focused than ever on participating in the economic expansion, revitalization, and resurgence of the communities we so proudly serve. Beyond traditional banking, we do this best through philanthropy, sustainability, diversity and inclusion, and community development.”
“Since 2012, we have seen a notable shift in the results from the survey in a direction that speaks to the commitment of American companies to connect values of community service and civic engagement to the culture and operating practices of their business,” said Jennifer Lawson, Executive Director of the Corporate Institute at Points of Light.
This year’s Civic 50 applicants were evaluated and accrued points based on several criteria, including the quantity and impact of financial and human resources applied to civic improvement, whether internal and external resources are activated to maximize community impact, how a company’s community engagement activities support its business interests, how broadly community engagement is supported and institutionalized within a company’s policies, systems and incentives, and how a company measures the social and business value of its community engagement programs.
“We are honored to be recognized by Points of Light for the third year in a row,” said Margot Copeland, CEO and Chairman of KeyBank Foundation. “Service to our communities is part of Key’s cultural DNA. Through KeyBank Foundation, we support organizations that prepare people for thriving futures, through funding that focuses on education, workforce development, and neighbors, and through strong community service.”
Upcoming KeyBank community engagement activities are outlined in the company’s Community Benefits Plan (www.key.com/CBPlan) which addresses the bank’s pending acquisition of First Niagara and is the largest community benefits plan in recent bank acquisition history, at $16.5 billion. To learn more about Key’s corporate responsibility efforts, visit www.key.com/CRReport. To learn more about the Civic 50, to see a full list of the winners, and to access the full Civic50 report, which presents the highlights, trends, benchmarking data and best practices, please visit www.Civic50.org.
KeyCorp was organized more than 160 years ago and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key had assets of approximately $98.4 billion at March 31, 2016. Key provides deposit, lending, cash management and investment services to individuals and small and mid-sized businesses in 12 states under the name KeyBank National Association. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.
About the Civic50
The Civic 50 was founded in partnership with the National Conference on Citizenship in 2012 and developed with a high-profile working group of lead researchers and industry thought leaders. Additionally, dozens of corporate advisors provided strategic guidance on the program’s objectives, including defining indicators, developing methodology, and identifying partners and participants. The first two years of The Civic 50 evaluated and honored only S&P 500 companies. This was expanded in 2014 to invite all companies with revenue of $1 Billion and over.
The initiative reflects leading insight and thinking about how corporations can and should connect with communities in a twenty-first century economy. The survey was administered by True Impact, a company specializing in helping organizations maximize and measure their social and business value. The survey instrument consists of quantitative and multiple-choice questions that inform the Civic 50 scoring process. The Civic 50 is the only survey and ranking system that exclusively measures corporate involvement in communities.