Diversity and Inclusion as Key Values

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CSR 2014 Company of the Week: KeyBank

Week of August 13, 2014

This “Company of the Week” is just one example that shows what all our member companies do every day. The financial services industry provides extraordinary services to communities throughout America. Employees of FSR member companies volunteer throughout the year for financial literacy, neighborhood improvement, fundraising, health care, child services, and much more. Every Financial Service Roundtable member company dedicates some of their time to community service for the communities they serve.

Diversity and Inclusion as Key Values

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“As a responsible citizen, KeyBank brings its values to life by fully participating in its communities and encouraging others to join them.”

Valuing diversity and fostering inclusion are important parts of KeyBank’s corporate fabric. Diverse employees, with their unique backgrounds and ideas, make Key more competitive, and the bank’s Key Business Networking Groups (KBNGs), specifically help attract, recruit, and retain such talent. When joining a KBNG, an employee discovers a great deal of camaraderie, professional development opportunities, and the chance to help Key connect with diverse communities wherever it does business. Key’s nine KBNGs are open to all employees:

  • African American
  • Asian
  • Champions of People with Disabilities
  • Hispanic / Latino
  • Jewish Cultural
  • Key Executive Women’s Network
  • Lesbian, Gay, Bisexual, and Transgender and their Allies
  • Military Inclusion
  • Young Professionals

 

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KeyBank athletes “GoAllOut” at the Gay Games 9 opening ceremonies at Quicken Loans Arena. KeyBank is a sponsor of Gay Games 9, one of the largest sporting and cultural events in the world, hosted this year in Cleveland, Ohio, August 9-16.

Key is a strong advocate of supplier diversity.  Turner Construction received Key’s Supplier Award duKey’s first-ever Supplier Summit, held in Cleveland, Ohio last year.  Key invited more than 30 of its top suppliers to the Summit in order to share the bank’s corporate values, highlight best practices, and inspire participants to launch their own supplier diversity goals.

Key is a strong advocate of supplier diversity. Turner Construction received Key’s Supplier Award duKey’s first-ever Supplier Summit, held in Cleveland, Ohio last year. Key invited more than 30 of its top suppliers to the Summit in order to share the bank’s corporate values, highlight best practices, and inspire participants to launch their own supplier diversity goals.

Key’s Young Professional’s Networking Group held their second annual golf outing this year, attracted 52 participants, and raised more than $1,000 for Kick-It, an organization battling children’s cancer!

Key’s Young Professional’s Networking Group held their second annual golf outing this year, attracted 52 participants, and raised more than $1,000 for Kick-It, an organization battling children’s cancer!

Economic inclusion is another important part of KeyBank’s diversity focus, and Key consistently spends more than the national average with minority-, women-, and veteran-owned businesses. The relationships with diverse suppliers are mutually beneficial.

“By contracting with diverse businesses, we’re better able to deliver exceptional products and services to our own clients,” said Poppie Parish, Key’s head of Diversity and Inclusion. “At the same time, those suppliers find a steady source of business with Key, and, together, we strengthen local communities.“

This year, Key was named one of DiversityInc’s “Top 50 Companies for Diversity,” and a “Top 10” company for “Supplier Diversity” and “Diversity Councils.” KeyCorp has also received six perfect scores of 100 on the Human Rights Campaign Corporate Equality Index, for serving and supporting the LGBT community. Key is a proud sponsor of the 2014 Gay Games, currently underway in Cleveland, Ohio.

Congratulations KeyBank!