KeyCorp (KeyBank)

Ohio
Banks

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

KeyCorp scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, KeyCorp increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. KeyCorp forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. KeyCorp supports the Equality Act and hosts trainings for its employees that cover 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. For these reasons, KeyCorp receives a High Risk rating.

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