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 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 9,236a | 9,803a | 11,424a | |
Total Scope 2 | ||||
Market-Based | 24,151a | 24,454a | 28,930a | |
Location-Based | 26,266a | 28,026a | 31,084a | |
Total Scope 3 | 57,652a | 60,678a | 76,005a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.1024a | 1.5773a | 1.626a |
You are welcome to quote or reference individual data points from this page, provided you include the following attribution with a visible, clickable link to this page: "Source: Tracenable, the global reference for ESG data"
Bulk collection, scraping, resale, or redistribution of data across multiple company profiles is not permitted without our prior written permission. For more information, see our General Terms and Conditions.
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.
In 2024, the total operational greenhouse gas (GHG) emissions of KeyCorp amounted to 35,502 metric 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 KeyCorp decreased by 6.15%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of KeyCorp were 9,236 metric tons of CO₂ equivalent (tCO₂e).a
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
In 2024, KeyCorp reported Scope 2 greenhouse gas (GHG) emissions of 24,151 tCO₂e using the market-based method and 26,266 tCO₂e using the location-based method.a
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
In 2024, KeyCorp reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, KeyCorp reported 57,652 metric tons of CO₂ equivalent (tCO₂e) 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 8 of 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
In 2024, KeyCorp reported total Scope 3 emissions of 57,652 metric tons of CO₂ equivalent (tCO₂e).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
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
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.
In 2024, the largest contributors to KeyCorp's Scope 3 emissions were:a
In 2024, KeyCorp reported Scope 1 greenhouse gas (GHG) emissions of 9,236 tCO₂e and total revenues of USD 4,393 millions. This translates into an emissions intensity of 2.1 tCO₂e per millions USD.a
In 2024, KeyCorp reported a Scope 1 emissions intensity of 2.1 tCO₂e per millions USD. Compared to the peer group median of 1.31, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, KeyCorp ranked 21 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places KeyCorp among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, KeyCorp reported a total carbon footprint of 93,154 metric tons of CO₂ equivalent (tCO₂e) 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