Tag: 3BL

“The pace of change has never been this fast, yet it will never be this slow again,” said Canadian Prime Minister Justin Trudeau when speaking about technology a few years ago. Today, this sentiment can equally be applied to planetary and social change. And businesses are, understandably, struggling to keep up.

SAP understands this urgency and is ready to help. Our daily conversations with customers have shown us what they need and expect when managing environmental, social, and governance (ESG) data and emissions footprints. One thing is clear: the speed and agility of cloud delivery combined with the ability to integrate sustainability data into the core enterprise resource planning (ERP) system will optimize customers’ sustainability and financial performance and form the foundation for their future business success.

Sustainability Footprint and ESG Data Management Now Available in RISE with SAP

With the new premium plus edition for RISE with SAP S/4HANA Cloud, private edition, customers can accelerate innovation, infuse artificial intelligence (AI) capabilities, adapt to market changes, and address complex, evolving ESG regulations and reporting requirements. With the inclusion of SAP Sustainability Footprint Management and SAP Sustainability Control Tower in the premium plus edition, organizations can gain significantly enhanced sustainability outcomes.

SAP Sustainability Footprint Management allows organizations to get highly granular footprint calculations on product and corporate emissions across scope 1, 2, and 3, gaining detailed carbon footprint insights. With emissions data embedded beside operational and financial data in SAP S/4HANA Cloud, business functions including procurement, supply chain, operations, and finance can see the broader context of their sustainability impacts, enabling better business decisions.

With SAP Sustainability Control Tower, organizations can combine different data sources for one trusted view of their ESG data. By automating the collection and integration of sustainability data, companies can set targets to steer their business to achieve sustainability goals holistically, monitor progress and gain actionable insights from dependable data, and enhance trust by establishing robust and auditable ESG reporting to global standards. 

SAP Sustainability Footprint Management and SAP Sustainability Control Tower are built on SAP Business Technology Platform (SAP BTP) and can seamlessly integrate with SAP S/4HANA Cloud. With a cloud deployment, both solutions receive ongoing innovation updates, a critical benefit particularly when facing a global set of evolving ESG regulatory standards. Other benefits include leveraging automation – and soon AI – to help simplify compliance, reporting, and auditability.

The Foundations of a Green Ledger in the Cloud

SAP S/4HANA Cloud, SAP Sustainability Footprint Management, and SAP Sustainability Control Tower are the building blocks of your sustainability stack. They can provide a path to the green ledger concept, where companies can treat carbon like money, managing the carbon entering and leaving their systems and balancing their “carbon books” the same way they balance their financial books.

Harnessing quality data worthy of the green ledger will take time. But organizations need to start now to be prepared. By integrating sustainability data in the cloud, they can gain insights to steer towards a low-carbon business model, avoiding manual reliance on spreadsheets across differing sources of data and disparate lines of business.

Future-Proofing Agile Innovation with the Cloud

It is our mission to support customers in pursuing sustainability-focused opportunities and innovation, preparing to mitigate climate and social-related risks, and driving long-term business value. With our cloud-driven innovations, we help customers build the foundation for the evolution of their long-term sustainability strategies by giving them the tools to be agile and responsive, maintain control of integration and data flows, and master the complexity of sustainability challenges – and to achieve our collective goal of creating a more sustainable world. 

To learn more, read “SAP Diversifies Cloud Offerings to Accelerate Customer Innovation” and visit https://www.sap.com/sustainability.html.

Sophia Mendelsohn is chief sustainability and commercial officer and co-GM for SAP Sustainability. 
Gunther Rothermel is chief product officer and co-GM for SAP Sustainability.

New Holland Agriculture, a brand of CNH Industrial, recently hosted a booth at the 2023 Farm Progress Show. Thousands of farmers, dealers and industry peers ventured to the booth to witness the pioneering and innovative equipment and technology the brand is introducing now and in the future.

The centerpiece at the show was the new T4 Electric Power tractor, the first all-electric utility tractor with autonomous features and Best of the 2023 Farm Progress Show designee. Other standouts included the Season 2024 CR Series combine harvester and T9 with PLM Intelligence™ tractor models; the IntelliView™ 12 Guidance Kit, the next evolution in the New Holland precision farming technology stack; new tractor implements and initial appearances from partners FPT Industrial with the NEF 67 Natural Gas Engine and Stout Industrial Technology with its Smart Cultivator.

“The annual Farm Progress Show is an exceptional platform for us to connect with our valued customers, equipment dealers and industry peers,” states Sally Johnson, Vice President of New Holland Agriculture North America. “The positive feedback and enthusiasm we received at the show for our newest portfolio additions and what’s to come was truly inspiring. It’s an exciting time for New Holland as we’re at the forefront of driving innovation and finding ways to support farmers in their quest to build more sustainable operations for today and in the future.”

Exhibiting a vast array of new, innovative technologies, New Holland shone brightly at this year’s Farm Progress Show. CNH continues its work to accelerate the pace of decarbonization in agriculture and solidify its role as a clean energy leader. With over a decade of active promotion and development of renewable fuels and sustainable technology all over the world, the company maintains its firm commitment to the future of farming.

For more information about the newest additions to the New Holland portfolio, updates to its precision farming technology stack or New Holland’s Clean Energy Leader strategy, visit www.newholland.com.

NEW YORK, October 17, 2023 /3BL/ – Today Enterprise Community Partners, the Local Initiatives Support Corporation (LISC), and the Federal Reserve Bank of New York announced plans to publish the seminal text on community development and climate change, What’s Possible: Investing NOW for Prosperous, Sustainable Neighborhoods. The book will channel the voices of 30 leading climate and community development experts to lay out the challenges communities of color and low-income communities face on the frontlines of climate change – and what can be done to fortify those communities. Funded by the Wells Fargo Foundation, the book will be available in early 2024.

As UN climate scientists made clear in a report released this fall, the opportunity to ensure a resilient future for all is rapidly receding, and we must accelerate actions to reduce carbon emissions. The technologies and strategies are there, but far too often they fail to reach the most vulnerable. Across the United States, low-income Americans and people of color are often poorly positioned to withstand the effects of climate change. Now more than ever, ensuring a more equitable future means ensuring that all communities across the country are investing in sustainable systems, technologies, and solutions.

Through the lens of the community leaders driving this movement, the book will explore how governments, the private sector, thought leaders, and civil society can all contribute to the transformation of American communities. Deploying practical case studies, the text will serve as a nationwide call to action for how to craft a transition to a cleaner economy and more resilient future without leaving millions of people behind.

“As increasing greenhouse gas emissions escalate the frequency and intensity of natural disasters, we need to act now to ensure every community can thrive,” said Krista Egger, vice president of Building Resilient Futures at Enterprise Community Partners. “We have an opportunity to make bold climate investments while addressing our country’s aging infrastructure, racial inequities, health crisis, and economic downturn. This book outlines not only what’s possible, but how to get it done.”

“Climate risk is a civil rights issue, with social and economic consequences that directly connect to where people live, how much they earn and the color of their skin,” said Michael T. Pugh, LISC CEO. “When we develop climate solutions that respond to long-standing inequities, we have the chance to build a stronger, healthier, future for tens of millions of people and better protect the planet.”

“The private sector and nonprofits can make investments now that will protect communities and strengthen the economy,” said Claire Kramer Mills, director of Community Development Analysis at the New York Fed. “We hope the case studies in this book will serve as creative examples for investors and community leaders to replicate and build on.”

“Wells Fargo recognizes that the impact of climate change affects some communities more than others, especially underserved communities,” said Robyn Luhning, chief sustainability officer at Wells Fargo. “We look forward to the insights and thoughtful perspectives from this book that can support our customers and all communities in the transition to a resilient, equitable, and sustainable future.”

The book will be available in print and online at no cost and will launch with a nationwide series of conversations – both virtual and in-person – featuring a collection of the book’s authors, as well as experts in the field. A digital outreach campaign will engage policymakers, investors, philanthropists, and government officials to ensure community voices are fully included in the national debate over climate change, decarbonization, and resilience.

Among the topics to be explored in the book:

Defining climate resilience and why it matters for community developmentDelivering the health benefits of decarbonization and clean energy to communitiesDeveloping clean energy systems that don’t burden residentsEnsuring equity in greener forms of public and private transportationInvesting in workforce development for Indigenous communities in the green economyFacilitating resilient, equitable communities through federal, state, and local policies

For updates on the book, follow Enterprise and LISC on LinkedIn. More information will be shared on whatspossiblebook.org closer to the launch.

Media Contacts:

Stephen Fee 
Enterprise Community Partners 
202-309-8892 
sfee@enterprisecommunity.org

Colleen Mulcahy
Local Initiatives Support Corporation (LISC)
312-342-8244
colleen@mulcahycommunications.com

NEW YORK, October 17, 2023 /3BL/ – Today Enterprise Community Partners, the Local Initiatives Support Corporation (LISC), and the Federal Reserve Bank of New York announced plans to publish the seminal text on community development and climate change, What’s Possible: Investing NOW for Prosperous, Sustainable Neighborhoods. The book will channel the voices of 30 leading climate and community development experts to lay out the challenges communities of color and low-income communities face on the frontlines of climate change – and what can be done to fortify those communities. Funded by the Wells Fargo Foundation, the book will be available in early 2024.

As UN climate scientists made clear in a report released this fall, the opportunity to ensure a resilient future for all is rapidly receding, and we must accelerate actions to reduce carbon emissions. The technologies and strategies are there, but far too often they fail to reach the most vulnerable. Across the United States, low-income Americans and people of color are often poorly positioned to withstand the effects of climate change. Now more than ever, ensuring a more equitable future means ensuring that all communities across the country are investing in sustainable systems, technologies, and solutions.

Through the lens of the community leaders driving this movement, the book will explore how governments, the private sector, thought leaders, and civil society can all contribute to the transformation of American communities. Deploying practical case studies, the text will serve as a nationwide call to action for how to craft a transition to a cleaner economy and more resilient future without leaving millions of people behind.

“As increasing greenhouse gas emissions escalate the frequency and intensity of natural disasters, we need to act now to ensure every community can thrive,” said Krista Egger, vice president of Building Resilient Futures at Enterprise Community Partners. “We have an opportunity to make bold climate investments while addressing our country’s aging infrastructure, racial inequities, health crisis, and economic downturn. This book outlines not only what’s possible, but how to get it done.”

“Climate risk is a civil rights issue, with social and economic consequences that directly connect to where people live, how much they earn and the color of their skin,” said Michael T. Pugh, LISC CEO. “When we develop climate solutions that respond to long-standing inequities, we have the chance to build a stronger, healthier, future for tens of millions of people and better protect the planet.”

“The private sector and nonprofits can make investments now that will protect communities and strengthen the economy,” said Claire Kramer Mills, director of Community Development Analysis at the New York Fed. “We hope the case studies in this book will serve as creative examples for investors and community leaders to replicate and build on.”

“Wells Fargo recognizes that the impact of climate change affects some communities more than others, especially underserved communities,” said Robyn Luhning, chief sustainability officer at Wells Fargo. “We look forward to the insights and thoughtful perspectives from this book that can support our customers and all communities in the transition to a resilient, equitable, and sustainable future.”

The book will be available in print and online at no cost and will launch with a nationwide series of conversations – both virtual and in-person – featuring a collection of the book’s authors, as well as experts in the field. A digital outreach campaign will engage policymakers, investors, philanthropists, and government officials to ensure community voices are fully included in the national debate over climate change, decarbonization, and resilience.

Among the topics to be explored in the book:

Defining climate resilience and why it matters for community developmentDelivering the health benefits of decarbonization and clean energy to communitiesDeveloping clean energy systems that don’t burden residentsEnsuring equity in greener forms of public and private transportationInvesting in workforce development for Indigenous communities in the green economyFacilitating resilient, equitable communities through federal, state, and local policies

For updates on the book, follow Enterprise and LISC on LinkedIn. More information will be shared on whatspossiblebook.org closer to the launch.

Media Contacts:

Stephen Fee 
Enterprise Community Partners 
202-309-8892 
sfee@enterprisecommunity.org

Colleen Mulcahy
Local Initiatives Support Corporation (LISC)
312-342-8244
colleen@mulcahycommunications.com

Viatris’ Global Medical Lead for Central Nervous System (Mental Health), Kannan Subramaniam, sat down with Andrew Greenshaw, Professor of Psychiatry and Neuroscience at the University of Alberta, Canada and Global Leadership Council Member for the eMental Health International Collaborative (eMHIC). The eMHIC is comprised of a group of global leaders and subject matter experts, collaborating and sharing knowledge on all topics related to eMental health, to improve mental health outcomes for all populations. Viatris and eMHIC partner together to in many ways to address stigma within the mental health space. Some of the projects Viatris supports include partnering together to utilize digital health enablers to overcome stigma as well as providing educational grants for educational initiatives for clinicians, policymakers and those living with mental health conditions to better understand the conditions and resources that are available. Kannan summarizes their conversations below and includes recorded highlights.

World Mental Health Day is a global initiative that takes place annually in October and reminds us of the importance of addressing mental health issues and breaking the stigma surrounding them. It is well recognized that the prevalence of mental health challenges and associated stigma is on the rise. Combating this stigma and providing adequate support requires a collaborative effort from both the public and private sectors. Such multisectoral partnerships are a powerful tool in this endeavor, offering a unique opportunity to bridge the gaps in mental healthcare and create a more compassionate and understanding society.

The Importance of Awareness

One of the key aspects of addressing mental health stigma is raising awareness. When stakeholders come together to do this, the sum of the efforts is often greater than the individual contributions, meaning 1 + 1 makes 3. And that’s why partnerships such as the one between Viatris and eMHIC are so critical. This partnership aims to shed light on mental health issues and their impact on individuals and society as a whole; to challenge misconceptions and stereotypes and encourage open conversations about mental health.

Understanding the Stigma

Stigma surrounding mental health is a pervasive issue that affects millions worldwide. It manifests in various ways, from discrimination and prejudice to silence and shame. Stigma exists for the person with lived experience, within their families and communities, but also within healthcare professionals and others who care for people with mental health conditions. These attitudes often prevent individuals from seeking help, further exacerbating their conditions and making it harder for society to understand the significance of mental health. Through Viatris’ collaboration with eMHIC, the partnership is setting up fireside chats to assess the potential reach of digital tools to increase mental health literacy, with the ultimate intent of reducing stigma. They will amplify the message that seeking help for mental health issues is not a sign of weakness but a courageous step towards healing.

Partnering to Support Gaps in Scientific Knowledge

Viatris and eMHIC are also collaborating to identify and understand gaps in scientific knowledge and clinical practice. For example, the inseparable nature of mental and physical health challenges. A series of webinars will address these gaps and highlight how digital health solutions can improve or better bridge them. This educational series will not only create a more educated and supported workforce but also share the powerful message that mental health matters.

World Mental Health Day serves as a reminder that the need to eliminate mental health stigma is ongoing, and collective efforts are essential. Partnerships such as the one between Viatris and eMHIC offer a promising avenue to combat stigma effectively. This partnership intends to promote awareness, educate the healthcare workforce, and leverage digital innovation to create a society that supports and understands mental health. Through this power of collaboration, important work is being done to break down the barriers that prevent individuals from seeking the help they need and deserve.

Originally published in the 2022 FedEx Cares Report

Our headquarters city of Memphis, Tennessee is a city of tremendous opportunity, but growth and prosperity are not reaching everyone equally. We believe that everyone in Memphis should have an equal chance to participate in our city’s education system and workforce to achieve financial stability and mobility. This idea – inclusive economic growth – is essential to our city’s future. Our approach is to fund the ideas and innovations developed by the experts on the ground who deeply understand the obstacles and opportunities facing Memphians.

Our Strategy

Access: Helping people be prepared to secure and thrive in well-paying jobs in Memphis.

Mobility: Improving the reliability and efficiency of public and private transportation to connect more people to opportunity.

Stability: Helping Memphians meet their basic needs in order to focus their full efforts on preparing for and securing employment.

Access

Creating financial stability through work

The workforce and poverty statistics in South Memphis paint a troubling picture: 61% of households earn less than $25,000 per year. 48% of adults are not in the labor force and 52% of all residents live on an income below the poverty line. Advance Memphis works to create financial stability through work for South Memphians by training and employing hundreds of adults each year upon graduation from their Work Life classes, which provide a unique opportunity to work, earn, and learn right in their own neighborhood. FedEx supports Advance Memphis to break cycles of unemployment through practices that focus on reconciling relationships and restoring dignity.

Supporting adult education and workforce development

In Shelby County (home to Memphis), there are more than 120,000 adults without a high school diploma, and the poverty rate is 22.6%. To connect more people to a high school education that could lead to employment and upward mobility, the Excel Center and Goodwill Education Initiatives created a tuition free public high school for adults. The program helps adults earn a state-recognized high school diploma in an accelerated format and has graduated 1,071 individuals to date, with 86% of graduates employed or enrolled in college. FedEx support helps the Excel Center remove barriers, provide relevant education, and develop workforce opportunities for Memphians to reach their potential.

At FedEx, we’re passionate about helping people acquire skills and education that allow them to access opportunities, continue their education, and build lasting careers. I have personally enjoyed serving as a member of the board for Goodwill Excel and witnessing the life-changing transformations that take place through this incredible program.

Brandon Tolbert

Vice President / FedEx Express

Mobility

Making reliable transportation more affordable

Lack of access to reliable transportation is a major challenge for many underresourced individuals in Memphis. Many miss school or work or struggle to attend doctor’s visits or visit the grocery store. MyCityRides is a nonprofit – the first of its kind in the country – focused on closing the transportation gap by offering participants a package deal that includes ownership of a scooter, gear, and maintenance, for as little as $120 per month. These individuals have traveled more than 1 million miles around Memphis, with affordable, reliable transportation that helps create opportunities. FedEx support helps MyCityRides raise awareness and recruit program participants, as well as analyze data to understand where and when to scale the fleet to reach more individuals.

Stability

Feeding local families during the holidays

More than 15 percent of Memphis families wrestle with food insecurity. To address this, over 50 FedEx team members in Memphis teamed up with the Women’s Foundation for Greater Memphis to support Feed the Children’s ‘No Holiday Hunger’ campaign to raise awareness about childhood hunger. Together, the team distributed boxes of food, household essentials, as well as toys, and books to 400 families in South Memphis. FedEx and the Women’s Foundation continue to collaborate to reduce poverty in five Memphis neighborhoods by 2025.

Read more

Cummins

The Cummins Inc. Board of Directors received a 2023 National Association of Corporate Directors (NACD) award recognizing exemplary board practices related to diversity, equity and inclusion (DE&I).

The global power technology leader was selected in the category for public companies with a market capitalization value of more than $10 billion. Cummins was one of four finalists out of hundreds of submissions.

“I am deeply honored to receive this award on behalf of Cummins and our Board of Directors,” said Cummins Chair and CEO Jennifer Rumsey. “At Cummins, we believe that by investing in diversity, equity and inclusion, we can bring people together to find solutions and drive innovation in safe and welcoming environments where all feel valued and heard.

“It is my personal belief that we win with the power of our differences, and it starts at the very top with our Board of Directors and executive team,” she added. “As CEO, I commit to furthering those investments and the belief that DE&I is critical to our continued success.”

Cummins’ overall DE&I objectives seek to build and sustain a workforce that represents the diversity of the communities in which the company operates around the world, and to be a workplace where all people are embraced for who they are and what they aspire to achieve. Cummins aims for its employees to feel safe, bring their authentic selves to work, and believe they can reach their full potential as they experience a truly diverse, accessible, equitable, and inclusive environment.

“Cummins has worked to achieve great strides in creating an equitable boardroom,” said NACD President and CEO Peter Gleason. “NACD is proud to honor Cummins for advancing DE&I in their boardroom and throughout their organization.”

The company has a long history of supporting diversity dating back to Cummins’ long-time leader J. Irwin Miller. Miller supported the Civil Rights Act of 1963 as President of the National Council of Churches. Today, the company sees DE&I as critical to creating a dynamic work environment. Cummins believes teams with different backgrounds and approaches are more likely to provide creative solutions to customers’ biggest challenges.

The NACD is committed to helping leaders build successful companies that make a difference in the world. The award was announced at the NACD’s DE&I Awards Gala outside Washington, D.C. earlier this month.

Nasdaq

2023 NYC CLIMATE WEEK

Conference Recap
This year’s inaugural edition of Nasdaq’s NY Climate Week Conference brought together more than 300 professionals across our community, from corporates and investors to climate tech innovators, standards, rating and ranking organizations, and countless other expert functions across the ESG and Climate space.

In our panels, we explored the role of carbon markets in achieving net zero, best practices in navigating public discourse on ESG and climate, and the importance of ESG data quality and standardization across both investors and corporates.

Welcome Remarks – Introduction To Nasdaq’s Annual NY Climate Week Conference 1Fireside Chat With Sarah Keohane WilliamsonThe State Of ESG & Climate Today – Global PerspectiveThe State Of ESG & Climate Today – Local PerspectiveGeneral Session – Corporate DecarbonizationGeneral Session –   Navigating Public Discourse And Delivering Your Best Climate StoryGeneral Session – ESG Data Quality And Standardization In The Shifting ESG Disclosure LandscapeA Message From Randall Hopkins, Global Head Of Nasdaq Esg Solutions, And Janice Warren, Head Of ESG Reporting Product Innovation

Watch all keynotes and sessions here.

For the second year in a row, Medtronic recently earned four 5-star ratings from the Hispanic Association on Corporate Responsibility (HACR) as part of its annual 2023 Corporate Inclusion Index (CII). Medtronic is one of only three companies to achieve top scores in all four pillars of employment, governance, philanthropy, and procurement this year.

The HACR CII assesses companies on their diversity and inclusion practices and outcomes for Hispanics in the U.S. and Puerto Rico. “On behalf of HACR’s board of directors, we applaud Medtronic for taking our survey as away to measure their Hispanic inclusion,” said HACR President & CEO Cid Wilson. “By investing in the Hispanic community, businesses like Medtronic are providing long-term shareholder value by building a more inclusive future for their employees, suppliers, customers.”

Learn more about the company’s year-round efforts in the Medtronic Sustainability Report and Medtronic Global Inclusion, Diversity & Equity Report.

CLEVELAND, October 17, 2023 /3BL/ – KeyBank provided a $36.3 million for the new construction of Elevate at Aurora, a 137-unit family project in Aurora, CO. KeyBank Community Development Lending and Investment (CDLI) provided $30 million in Low Income Housing Tax Credit (LIHTC) equity, including $5.5 million of Colorado State tax credit equity, and $292,744 of Solar tax credit equity. KeyBank CDLI also provided a $6.3 million equity bridge loan. KeyBank Commercial Mortgage Group placed $31.245 million in private activity bonds through one of its capital markets investors, structured as a construction-to permanent-Tax-Exempt Loan (TEL).

Elevate at Aurora will include low-income units for households at 30%, 40%, 50%, 60% and 70% of area median income (AMI) in a mix of studio, one-, two-, and three-bedroom units. The project will also include construction of new community service facility which will primarily serve as the Aurora location for CrossPurpose, a nonprofit provider of workforce development services and Living Hope Community Church, a bilingual church that provides before and after‐school programming. Elevate at Aurora’s unique collaborative approach will create opportunities for economic mobility for residents and the broader community. Affordable rents will decrease the economic strain of being rent‐burdened, while CrossPurpose will offer residents and the Aurora community growth pathways through leadership, entrepreneurship, and career development programs.

The project sponsor, Columbia Ventures, LLC is a commercial real estate developer with offices in Atlanta, GA, Savannah, GA, and Denver, CO that focuses on urban infill multi-family mixed-use campus development. The Housing Authority of City of Aurora serves as Special Limited Partner.

Tax Exempt bonds were issued by the Colorado Housing and Finance Authority. The project received state support including a $4.7 million loan from the Colorado Division of Housing, as well as a $800,000 Capital Magnet Fund loan and a $190,000 Capital Magnet Fund grant from the Colorado Housing and Finance Authority. The project received local support including a $1 million in federal HOME Investment Partnerships Program funds and $750,00 in American Rescue Plan Act funds from the City of Aurora.

Kortney Brown and Sara Geis of KeyBank CDLI structured the balance sheet financing. Hector Zuniga of KeyBank’s Commercial Mortgage Group arranged the construction-to-perm Tax-Exempt Loan.

About KeyBank Community Development Lending and Investment

KeyBank Community Development Lending and Investment (CDLI) finances projects that stabilize and revitalize communities across all 50 states. As one of the top affordable housing capital providers in the country, KeyBank’s platform brings together construction, acquisition, bridge-to-re-syndication, and preservation loans, as well as lines of credit, Agency and HUD permanent mortgage executions, and equity investments for low-income housing projects, especially Low-Income Housing Tax Credit (LIHTC) financing. KeyBank has earned 10 consecutive “Outstanding” ratings on the Community Reinvestment Act exam, from the Office of the Comptroller of the Currency, making it the first U.S. national bank among the 25 largest to do so since the Act’s passage in 1977.

About KeyCorp

KeyCorp’s roots trace back nearly 200 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 $195 billion at June 30, 2023. 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 approximately 1,000 branches and approximately 1,300 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.