KeyBank Recognized by CDP as a National Leader in Transparent Disclosure of Corporate Information Related to Climate Change

KeyBank Recognized by CDP as a National Leader in Transparent Disclosure of Corporate Information Related to Climate Change

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Monday, November 23, 2015 - 8:30am

CAMPAIGN: KeyCorp's Sustainability Initiatives

CONTENT: Press Release

CLEVELAND, November 23, 2015/3BL Media/ – KeyBank today was included in the CDP's 2015 S&P Climate Disclosure Leadership Index (CDLI). The index ranks the top 10 percent of respondent companies based on the quality of climate change related information disclosed to investors and the global marketplace through the international not-for-profit. KeyBank's recognition demonstrates its commitment to open reporting and corporate sustainability efforts.  

KeyBank scored a 99 out of 100 on the CDLI, improving 19 points from a score of 80 in 2014. This top score indicates the bank's high level of transparency in its disclosure of climate change-related information; it both attracts and informs investors by allowing them to comfortably assess corporate accountability and preparedness for changing market demands and emissions regulation.

"We are very proud to be an investor member of the CDP that is leading the way in corporate climate change transparency this year," said Andrew Watterson, Head of Sustainability at KeyBank. "It is the result of a strong team commitment to fully disclose our climate change risks and opportunities, and represents our dedication to keep both stakeholders and communities in mind as we take steps to improve our carbon footprint."

Thousands of companies submit annual climate disclosures to CDP at the request of 822 investors representing $95 trillion in assets in the U.S. Corporations earn positions on the index by disclosing high quality carbon emissions and energy data through CDP’s climate change program. The reported data is then independently assessed against CDP’s scoring methodology and marked out of 100; the organizations graded within the top ten percent constitute the CDLI.

This year, the announcement of the index comes ahead of COP21, the UN climate change conference in Paris where national leaders will consider a global deal to reduce carbon emissions and limit temperature warming.

“As the world looks beyond the Paris climate change negotiations and prepares for a low carbon future, reliable information about how companies are responding to the transition will be ever more valuable," said Paul Dickinson, executive chairman and co-founder of CDP. "For this reason, we congratulate those businesses that have achieved a position on CDP’s Climate Disclosure Leadership Index.”

More information about the recognition can be found in the CDP’s annual global climate change report. The report is available on the CDP's website and includes the climate scores of all companies publicly taking part in CDP’s climate change program this year.

About KeyCorp

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 has assets of approximately $95.4 billion, as of Oct. 15, 2015. Key provides deposit, lending, cash management and investment services to individuals, small and medium-sized businesses under the name of 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 KeyBank is Member FDIC.