KeyCorp (KeyBank)
Corprate Bias Ratings
Risk Level:
Summary:
KeyCorp vets vendors according to LGBTQ policies and does not protect its employees against viewpoint discrimination. However, it has not publicly terminated business relationships based on views or beliefs. The company covers the cost of "medically necessary transition-related care" for its employees and their children. KeyCorp supports the Equality Act and hosts trainings for its employees that covers unconscious bias. The company requires organizations abide by its charitable giving nondiscrimination policies and has donated $18 million to racial equity organizations. KeyCorp is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism, and is committed to carbon neutrality by 2050. However, the company does not use its PAC contributions for ideological purposes. 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 Human Rights Campaign’s Corporate Equality Index. Among other requirements, this means the company has a written policy pledging to vet vendors for LGBTQ policies (1)(2). The company also utilizes ESG criteria in its banking practices, including incorporating climate risk into its decisions (3). However, KeyCorp has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs.
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
KeyCorp does not provide viewpoint protections for its employees (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
KeyCorp’s CEO signed an open letter in support of the Equality Act and in 2021 the company implemented a training course that covers topics including unconscious bias (1)(2). The company is a PCAF member, committed to net zero carbon emissions by 2050 (3)(4). CEO Christopher Gorman is a member of the Business Roundtable and Former CEO Beth Mooney signed its 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers (5)(6).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
KeyCorp has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (1)(2). In 2021, KeyCorp provided $18.6 million in grants to organizations and programs focused on social justice and racial equity but did not disclose to which groups the funds were given (3). KeyCorp also invested in DEI speakers, programs, and projects, including countering “systemic racism” (4).
All links were last accessed and all information was updated on:
November 29, 2023
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