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 third-straight year and fourth time overall. The Civic 50 provides a national standard for superior corporate citizenship and showcases how companies can use their time, skills, and resources to impact their communities.
“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.
“Helping clients and communities thrive is KeyBank’s purpose,” said KeyBank Market President Jeff Hubbard. “That purpose comes to life through our employees in Connecticut and Western Massachusetts, and across the country. We believe the basis of change lies in meaningful investments and community partnerships. Collectively we can bring hope, opportunity, and dignity to all of our neighborhoods.”
As an example of community investment in the local market, Hubbard pointed to Key’s annual Neighbors Make The Difference Day in May where more than 100 KeyBank employees donated 400 hours of volunteer service to community organizations. Additionally, KeyBank has made $220 million in investments in low-to-moderate income communities throughout Connecticut and Western Massachusetts. The investments, including mortgages, small business lending, community development, and transformational philanthropy, are part of KeyBank’s five-year National Community Benefits Plan. For more information on KeyBank’s corporate responsibility, please visit: https://www.key.com/about/community/community-is-key.jsp.
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, this 2019 honorees, and insights from this year’s survey, please visit https://www.pointsoflight.org/the-civic-50-honorees.
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 $141.5 billion at March 31, 2019. 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 over 1,100 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 250 cities across 37 countries and in partnership with thousands of nonprofits and corporations, Points of Light engages 5 million volunteers in 20 million hours of service each year. We bring the power of people to bear where it’s needed most. For more information, go to www.pointsoflight.org.