Company: KEY-PI
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066284
Chunk: 19

Company: KEYCORP /NEW/
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 19
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 employee roles; |

| • |     | the deferral of incentive compensation to balance risk and align an employee’s individual interests with KeyCorp’s future success and safety and soundness; |

| • |     | the development of clawback policies and procedures to recoup certain incentive compensation paid to employees in the event of certain risk-based events or as otherwise required by law, rule, or regulation; and |

| • |     | the annual assessment of risk-balancing features, the degree to which selective plan design features affect risk-taking, the alignment of incentive metrics with business objectives, the overall competitiveness of the pay opportunity, the participation of control functions, and the effectiveness of monitoring and administration of the plans. |

| 19 |

The Board of Directors and Its Committees Corporate Responsibility and Sustainability The Nominating and Corporate Governance Committee of the Board oversees KeyCorp’s policies and practices on significant issues pertaining to corporate responsibility and sustainability. Oversight of these matters is an important part of the Board’s work. In 2024, Board members participated in updates focused on climate risk and fair and responsible banking and engaged throughout the year on several corporate responsibility topics, including, among others: sustainability; inclusion and belonging; investing in our team members; data privacy and security; community investments; and consumer practices. Select 2024 Highlights We have also made significant progress toward our commitment to finance or facilitate $38 billion to address climate change and support green initiatives, deploying nearly $6.5 billion of capital in 2024. Additionally, we:

| • |     | Delivered, since 2017, more than $44 billion in investments and lending related to affordable housing, residential and small business lending in low- and-moderate income communities, and transformative philanthropy. |

| • |     | Received our 11th consecutive “Outstanding” rating for Community Reinvestment Act (CRA) performance. |

| • |     | Launched Money, Me & Key—our newest signature financial empowerment program led by certified Key teammates. |

| • |     | Provided $28.4 million in transformative philanthropy alone to our communities. |

| • |     | Helped launch the Cleveland Housing Investment Fund (CHIF), in partnership with LISC Fund Management, LLC and the City of Cleveland, with a $20 million planned investment. This impact will enable the construction of new homes in Cleveland and is expected to reach $100 million. |

| • |     | Renewed and strengthened our partnership with the National Community Reinvestment Coalition (NCRC