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KeyCorp
KeyCorp's GHG Emissions Data Preview
In 2024, KeyCorp completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
KeyCorp has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind KeyCorp’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore KeyCorp’s data sources below and access millions more through our Disclosure Search.
Insights into KeyCorp's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofKeyCorp amounted to35,502metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of KeyCorpdecreased by 6.15%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
KeyCorp's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are KeyCorp's Scope 1 emissions?
In 2024, the total Scope 1 emissions of KeyCorp were 9,236 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has KeyCorp reduced its Scope 1 emissions over time?
Since 2019, KeyCorp's Scope 1 emissions have decreased by 30.59%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), KeyCorp's Scope 1 emissions decreased by 5.78%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are KeyCorp's Scope 2 emissions?
In 2024, KeyCorp reported Scope 2 greenhouse gas (GHG) emissions of 24,151 tCOâ‚‚e using the market-based method and 26,266 tCOâ‚‚e using the location-based method.a
Has KeyCorp reduced its Scope 2 emissions over time?
Since 2019, KeyCorp's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 37.21%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2023), KeyCorp's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that KeyCorp's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does KeyCorp use for Scope 2 reporting?
In 2024, KeyCorp reported its Scope 2 emissions using the market-based method and using the location-based method.a
KeyCorp's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into KeyCorp's Value Chain Emissions
In 2024, KeyCorp reported 57,652 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of KeyCorp includes a breakdown across 8of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
KeyCorp's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are KeyCorp's Scope 3 emissions?
In 2024, KeyCorp reported total Scope 3 emissions of 57,652 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 100%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has KeyCorp reduced its Scope 3 emissions over time?
Since 2019, KeyCorp's Scope 3 emissionshave remained relatively stable, indicating that KeyCorp's emissions have plateaued with no significant change in its value chain footprint.ab
Compared to the previous year (2023), KeyCorp's Scope 3 emissions remained relatively stable, indicating that KeyCorp's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does KeyCorp disclose?
In 2024, KeyCorp reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of KeyCorp's Scope 3 emissions?
In 2024, the largest contributors to KeyCorp's Scope 3 emissions were:a
- Employee Commuting (Cat. 7): 21,040 tCOâ‚‚e(36.5%)
- Business Travel (Cat. 6): 12,706 tCOâ‚‚e(22.04%)
- Upstream Transportation and Distribution (Cat. 4): 8,549 tCOâ‚‚e(14.83%)
KeyCorp's Scope 3 Emissions by Categories
Insights into KeyCorp’s GHG Emissions Intensity Compared to Industry Peers
In 2024, KeyCorp reported Scope 1 greenhouse gas (GHG) emissions of 9,236 tCOâ‚‚e and total revenues of USD 4,393 millions. This translates into an emissions intensity of 2.1 tCOâ‚‚e per millions USD.a
KeyCorp's Scope 1 Emissions Intensity Compared to Peers
How does KeyCorp's GHG emissions intensity compare to its peers?
In 2024, KeyCorp reported a Scope 1 emissions intensity of 2.1 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.25, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does KeyCorp rank on GHG emissions intensity within its industry?
In 2024, KeyCorp ranked 21 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places KeyCorp among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into KeyCorp's Total Carbon Footprint
In 2024, KeyCorp reported a total carbon footprint of 93,154 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.43% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to KeyCorp's total carbon footprint was Scope 3 emissions, accounting for 61.89% of the company's total carbon footprint, followed by Scope 2 emissions at 28.2%.a