KeyCorp's decision to disclose its political spending enhances transparency and accountability, countering secretive political contributions which can fuel authoritarian influences. This move aligns with anti-fascist values by promoting openness in corporate political engagements.

DiNapoli says KeyCorp to disclose political activities

The decision to commission a racial equity audit demonstrates a corrective action by KeyBank to address its history of discriminatory lending practices. By initiating this audit, the bank signals a commitment to advancing diversity, equity, and inclusion in its operations, which is a positive step from an anti-fascist and socially responsible perspective. Although the measure is reactive following significant criticism, it marks a move towards greater accountability in business practices.

KeyBank is 'worst lender for Black borrowers'. Here's why.

KeyBank's decision to commission an independent audit in response to evidence of redlining marks a positive, corrective step towards addressing discriminatory lending practices. Although the bank had initially denied these allegations using misleading data, initiating the audit signals a commitment to greater accountability and racial equity, aligning with ethical business practices.

KeyBank’s New Racial Equity Audit Contradicts Its Initial Denials Of Redlining And Other Lending Failures In Black Communities

The article details allegations that KeyBank engaged in redlining by providing far fewer home purchase loans in predominantly Black neighborhoods, in breach of commitments made in its community benefits agreement. Such discriminatory practices undermine fair lending and harm marginalized communities, reflecting unethical and potentially authoritarian business practices.

Community groups seek investigation of KeyBank over alleged redlining

KeyBank's failure to honor its community benefits agreement by not effectively increasing home purchase loans to Black and low- to moderate-income borrowers reflects poor business practices and an ethical failure in serving marginalized communities. This gap between promise and performance contributes to systemic inequities.

Nonprofit cuts ties with KeyBank, claiming it broke promises to improve its lending practices

By voluntarily disclosing all corporate political spending, lobbying, and employee-sponsored political contributions, KeyCorp enhances transparency and accountability. This measure allows shareholders to better evaluate whether corporate actions align with democratic values, reducing the risk of hidden political influence and authoritarian coercion. Such transparency is a positive step in promoting ethical corporate behavior.

DiNapoli: KeyCorp will disclose political spending

KeyCorp's decision to suspend labor supporters and reduce their health care benefits after a long strike is indicative of poor labor relations and a disregard for workers' rights. This action, which led to significant financial repercussion from the union, undermines ethical business practices and worker protections, warranting a strongly negative rating.

Teamsters Yank $14 Million Out of KeyBank Because of Labor Dispute

KeyBank is accused of funding a union-busting operation through its financial support of Oak Harbor Freight Lines, an action that undermines worker rights and fair labor practices. The protest by union groups underscores how such funding decisions contribute to practices that are harmful to workers and run counter to ethical business standards.

Another bank draws worker anger: Teamsters picket KeyBank for funding union-busting