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The report highlights Key’s progress as a responsible bank and corporate citizen, including across the four ESG priorities of: climate stewardship; financial inclusion; diversity, equity, and inclusion; and data privacy and security. reduction in scope 1 and 2 greenhouse gas emissions compared to 2016 baseline. .
The emissions reductions achieved through the phase-out of coal can only be banked once. Between 2012 and 2016, peak coal phase-out years, the UK achieved an annual average rate of decarbonisation of 6.9%. The majority of the UK’s recent emissions reductions have come from the phase-out of coal.
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