CLEVELAND, April 23, 2014 /PRNewswire/ -- DiversityInc announced that KeyCorp (NYSE: KEY) took the 47th spot on the 14th annual Top 50 Companies for Diversity rankings before a gathering of more than 750 attendees last evening at Cipriani Wall Street. More than a thousand public and privately held companies competed for spots on the coveted list. KeyCorp also ranked in the top ten on DiversityInc's specialty lists:
"Earning a spot on the DITop50 proves that management is paying close attention to the needs of their primary constituents—employees, customers and other key stakeholders," said DiversityInc founder and CEO, Luke Visconti. "Companies with great reputations attract the best and most skilled employees who then create and deliver the best products and services. It's a virtuous cycle that enables public companies on the DiversityInc Top50 list to consistently outperform the major domestic stock market indices and privately held companies to surpass their peers."
"We are stronger as a company and a community when we hire, support, and collaborate with diverse individuals who bring with them unique backgrounds and ideas," said KeyCorp Chairman and CEO Beth Mooney. "Our efforts to continuously build an environment of diversity and inclusion are a source of pride. We are grateful to DiversityInc for the recognition and all they do to advance corporate America."
The rankings are determined by an objective methodology that calculates factors such as Talent Pipeline, Equitable Talent Development (including commitments to mentorship and philanthropy), CEO/Leadership Commitment, and Supplier Diversity. The empirical data for the rankings is provided by a 300-question survey filled out by personnel at the participating companies. Survey participation is free to any company with at least 1,000 U.S. workers.
"Led by Chairman and CEO Beth Mooney, a visible diversity proponent, Key has strong employee resource groups, plus an impressive track record of partnering with community organizations and diverse suppliers," said DiversityInc founder & CEO Luke Visconti.
For the entire Top 50 list, as well as the specialty lists, go to http://www.diversityinc.com/top50 .
KeyCorp was organized more than 160 years ago and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key has assets of approximately $93 billion.
Key provides deposit, lending, cash management and investment services to individuals, small and medium-sized businesses under the name of KeyBank National Association. 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.
DiversityInc's mission is to bring education and clarity to the business benefits of diversity. The DiversityInc Top 50 Companies for Diversity list began in 2001, at the same time many corporations were beginning to understand the business value of diversity-management initiatives. The 2014 Top 50 Companies for Diversity results are featured on DiversityInc.com and in DiversityInc magazine. For more information, log on to www.diversityinc.com, https://www.facebook.com/DiversityInc, https://twitter.com/DiversityInc, or http://www.linkedin.com/company/26561.