KeyBank Recognized as One of the 50 Most Community-Minded Companies in the United States
CLEVELAND, June 19, 2018 /3BL Media/ - KeyBank has been named an honoree of The Civic 50 by Points of Light, the world’s largest organization dedicated to volunteer service. The award recognizes KeyBank as one of the most community-minded companies in the United States. In addition, KeyBank was named the Sector Leader for financial services for the second-straight year and third time overall.
The Civic 50 provides a national standard for superior corporate citizenship and showcases how companies can use their time, skills and other resources to improve the communities in which they do business. The Civic 50 winners were announced at the Service Unites 2018, Points of Light’s annual conference on volunteering and service in Atlanta, where leaders from across sectors gathered to discuss social innovation, civic engagement and cross-sector collaboration.
“The Civic 50 truly highlights the commitment of community and civic engagement of America’s leading brands,” said Natalye Paquin, president and CEO, Points of Light. “Points of Light believes that people drive change in addressing society’s growing and most profound challenges. The business community plays an important role in creating and delivering innovative solutions that drive social good in the communities where they live and work.”
The Civic 50 honorees are public and private companies with U.S. operations and revenues of $1 billion or more, and are selected based on four dimensions of their U.S. community engagement program including investment, integration, institutionalization and impact.
“KeyBank’s purpose is to help clients and communities thrive,” said Margot Copeland, Chairman and CEO of The KeyBank Foundation. “That purpose comes to life everyday as our employees work to deliver on our commitments. We are proud that KeyBank’s efforts to invest in, engage with and support our communities have been recognized for the fifth consecutive year by the Points of Light Foundation. We are especially honored to again be named the top bank in this regard as the Financials Sector Leader.”
Copeland pointed to KeyBank’s National Community Benefits Plan, a five-year $16.5 billion commitment to the community launched in 2017. In the first year of the Plan, KeyBank invested more than $2.8 billion in affordable housing, small businesses in low-to moderate income communities, mortgages for low-income borrowers and transformative philanthropy. “KeyBank’s Community Benefits Plan was built on and amplifies our long-standing commitment to thriving communities,” Copeland said.
The Civic 50 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.
To learn more about The Civic 50, to see a full list of the winners and to access the highlights, trends, benchmarking data and best practices from the 2018 Civic 50, please visit www.Civic50.org.
KeyCorp's (NYSE: KEY) roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $137.0 billion at March 31, 2018. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,200 branches and more than 1,500 ATMs. 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 Points of Light
Points of Light, the world’s largest organization dedicated to volunteer service, mobilizes millions of people to take action that is changing the world. Through affiliates in more than 200 cities and partnerships with thousands of nonprofits and corporations, Points of Light engages four million volunteers in 20 million hours of service each year. We bring the power of people where it’s needed most. For more information, visit www.pointsoflight.org.