In May 2023, KeyCorp announced it was commissioning an external, third-party racial equity audit.

"This engagement is an important next step in our journey to advance our diversity, equity and inclusion efforts, while holding ourselves accountable for addressing areas of opportunity," said Chris Gorman, Key's chairman and CEO, in a statement at the time.

Cleveland-based Key initially said it planned to publish the results of the audit by the end of the second quarter of 2024. The bank said the report would include input from a variety of stakeholders, such as the Service Employees International Union Master Trust and community groups.

Last year, Key said the law firm conducting the audit, Washington, D.C.-based Covington & Burling LLP, needed additional time to complete its work. Key no

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