KeyCorp (KeyBank)
Risk Level:
Summary:
KeyCorp has not publicly terminated business relationships due to religious or political beliefs, though it does vet suppliers according to its LGBTQ policies. The company also includes DEI and ESG criteria in its decision-making. KeyCorp does not have viewpoint protection for its employees. KeyCorp also hosts unconscious racial bias trainings and supports the Equality Act. For these reasons, KeyCorp receives a "Medium Risk" rating.
Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.
KeyCorp received a score of 100 on the Corporate Equality Index from the Human Rights Campaign. Among other requirements, this means the company has pledged to vet vendors based on LGBTQ policies (1). KeyCorp also vets suppliers through the Supplier Code of Conduct based on the supplier’s diversity, equity, and inclusion policies (2). KeyCorp also utilizes ESG criteria in its banking practices, including incorporating climate risk into its “risk management” analysis (3). There are no known instances of KeyCorp publicly terminating business relationships because of political or religious beliefs.
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
KeyBank’s charitable giving policy requires that charities do not discriminate against individuals based on gender identity or sexual orientation, potentially discriminating against faith-based charities (1). Additionally, KeyBank prioritizes “diversity, equity, and inclusion” in its charitable giving, though the bank does not define what type of diversity or equity it is looking for (2).
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
KeyCorp does not protect against viewpoint discrimination in its nondiscrimination policy (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
KeyCorp signed an open letter in support of the Equality Act (1). The company also hosts unconscious bias training and other similar programs on “tackling racism at work, understanding privilege, and addressing racial and affinity biases” (2). KeyCorp also utilizes ESG criteria in its banking practices, including incorporating climate risk into its decisions (3).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
Uses corporate political contributions for ideological, non-business purposes.
KeyCorp has not used its PAC or other political contributions for ideological purposes (1).
All links were last accessed and all information was updated on:
December 26, 2022
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