What is this green key icon on my hard drive?

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QUESTION :

On the company-owned laptop I use at work, there is a small green key icon which appears on top of the local C: drive.

Green key icon

This icon can be seen in My Computer:

Key icon in My Computer

And in the Windows Explorer sidebar:

Key icon in sidebar

What is this green key icon and why is it on my C: drive?

ANSWER :

What is this green key icon and why is it on my C: drive?

It appears like your company is using Sophos SafeGuard to manage the full disk encryption implemented by your system. I based this on the following statement:

One of my customers reports back that after initial encryption that
appear to be successful, the green key won’t show up on boot partition
in Explorer.

It appears that description matches what appears in your screenshot.

Source: Green Key won’t show after initial FDE Encryption SG Enterprise 5.50

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