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Cambo oil field "paused" following pressure on Shell & banks
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Locked out of a Just Transition: fossil fuel financing in Africa
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Actions speak louder: Assessing bank responses to human rights violations
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Equator Compliant Climate Destruction: How banks finance fossil fuels under the Equator Principles
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BancolombiaColombia
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Created before Nov 2016
Last update: 2021-07-27 11:36:19

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Bancolombia head offices in Medellin. Photo: Juan Camilo Trujillo via Wikimedia Commons (CC BY 2.0)

About Bancolombia

Bancolombia is the largest commercial bank in Colombia and one of the largest in Latin America, providing a range of financial products and services to both individual and corporate customers. The bank is headquartered in Medellin and was founded in 1945. Bancolombia is listed on both NYSE and the Colombian Stock Exchange. Bancolombia was the first Colombian financial institution to adopt the Equator Principles.

Website https://www.grupobancolombia.com
Headquarters
Calle 50 No. 51-66
Medellin
Colombia
CEO/chair Juan Carlos Mora Uribe
CEO
Supervisor
Banco de la Republica Colombia
Annual report Annual report 2020
Ownership
listed on Bolba de Volores de Colombia & NYSE

Bancolombia's largest shareholder structure is the Grupo de Inversiones Suramericana (45.9%). The bank's complete shareholder structure can be accessed here.

Complaints and grievances

Related Dodgy Deals

Bancolombia has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

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Projects
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Companies
Targets
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Active profiles
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On record profiles

Policy Assessments

Tracking the Equator Principles

EPFIs reporting status

BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
Bancolombia S.A.
2021-08-31
COL
2020
5
5
100
1.01000000006E+38
0
Colombia
Profile
Reporting period
2020
PF deals under EP
5
Project names reported
5
% Project names reported
100
20210831
Last update: 2021-08-31
Explanation

EP reporting page: https://equator-principles.com/reporting-bancolombia-s-a-2020/

Explanation

Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period. 

For more details see this page.

Banks and Climate

Bank net zero commitments

BankLast update
Country
Target 2025
Target 2030
Net zero 2050
SBT
NZBA
CCCA
Details
Bancolombia S.A.
2021-12-01
COL
1000000
Colombia
Profile
Target 2025
Target 2030
Net zero 2050
SBT
NZBA
CCCA
20211201
Last update: 2021-12-01
Explanation

Bancolombia joined the NZBA in April 2021

Bancolombia defined their goal to reduce 9.3 million CO2e by 2030 through the financing of clean technologies, all of the financing in this line will be monitored through an indicator called "climate commitment“.

Relevant policies
csr policies
2021-12-01 00:00:00

Climate-related disclosure report 2021

2021-12-01 00:00:00
References
2021-6-26

Bancolombia, primer banco colombiano en adherirse a Net-Zero Banking Alliance para ayudar en la transición a una economía baja en carbono

2021-6-26 | Bancolombia
Explanation

This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.

  • A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
  • An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.

Abbreviations:

CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets

For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

Equator Banks involved in financing at least 200 fossil fuel projects since Paris

BankTrack research sheds new light on finance for fossil fuels by Equator banks
2021-10-26 | BankTrack
blog
external news
our news

New bank climate initiative fails to grasp urgent need to end finance for fossil fuels

Civil society statement on the launch of the Net-Zero Banking Alliance
2021-04-22 | Nijmegen | BankTrack, urgewald, Amazon Watch, Bank on our Future, Indigenous Environmental Network, Market Forces, Positive Money, Rainforest Action Network, Reclaim Finance, ShareAction, Sierra Club
blog
external news
our news

Leading finance firms sign up to Mark Carney forum on low-carbon investment

2021-04-21 | The Guardian
blog
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

Equator Principles requirements missing for most projects, finds new BankTrack study

Research into 37 projects financed 'under Equator' finds project-level grievance mechanisms or stakeholder engagement processes cannot be evidenced in 65% of cases
2020-08-11 | BankTrack
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
blog
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
blog
external news
our news

Bancolombia group adopts the equator principles

2008-12-11 | Colombia

Documents

Type:
Year:
csr policies
2021-12-01 00:00:00

Climate-related disclosure report 2021

2021-12-01 00:00:00 | Bancolombia
annual reports
2021-07-26 00:00:00

Annual report 2020

2021-07-26 00:00:00 | Bancolombia
other documents
2021-04-21 00:00:00

Commitment statement Net Zero Banking Alliance

2021-04-21 00:00:00 | UNEP FI Principles for Responsible Banking
csr policies
2020-08-20 00:00:00

Stakeholders policy

2020-08-20 00:00:00 | Bancolombia
annual reports
2020-08-18 00:00:00

Annual report 2019

2020-08-18 00:00:00 | Bancolombia
csr policies
2020-05-31 00:00:00

Climate change policy

2020-05-31 00:00:00 | Bancolombia
csr policies
2019-08-31 00:00:00

Environmental management policy

2019-08-31 00:00:00 | Bancolombia
csr policies
2019-07-10 00:00:00

Sustainable procurement policy

2019-07-10 00:00:00 | Bancolombia
annual reports
2019-06-30 00:00:00

Annual report 2018

2019-06-30 00:00:00 | Bancolombia
csr policies
2019-05-01 00:00:00

Human rights policy

2019-05-01 00:00:00 | Bancolombia
csr policies
2019-04-23 00:00:00

Responsible investment policy

2019-04-23 00:00:00 | Bancolombia
csr policies
2019-04-08 00:00:00

Code of ethics and conduct

2019-04-08 00:00:00 | Bancolombia
csr policies
2019-03-19 00:00:00

Environmental and social risk assessment policy

2019-03-19 00:00:00 | Bancolombia
annual reports
2018-03-31 00:00:00

Annual integrated report 2017

2018-03-31 00:00:00 | Bancolombia
csr policies
2018-02-15 00:00:00

Anti-money laundering questionnaire

2018-02-15 00:00:00 | Bancolombia
csr policies
2018-01-31 00:00:00

Good governance code

2018-01-31 00:00:00 | Bancolombia
annual reports
2017-12-04 00:00:00

Annual and CSR report 2015

2017-12-04 00:00:00 | Bancolombia
annual reports
2017-06-30 00:00:00

Annual report 2016

2017-06-30 00:00:00 | Bancolombia
annual reports
2016-02-05 00:00:00

Social Report 2014

2016-02-05 00:00:00 | Bancolombia
bank documents
2016-01-15 00:00:00

Risk Management System

2016-01-15 00:00:00 | Bancolombia
annual reports
2015-07-15 00:00:00

Annual Management and Corporate Responsibility Report 2014

2015-07-15 00:00:00 | Bancolombia
csr policies
2014-05-05 00:00:00

Controversial Issues Policy

2014-05-05 00:00:00 | Bancolombia
annual reports
2014-01-01 00:00:00

CSR Report 2013

2014-01-01 00:00:00 | Bancolombia
annual reports
2013-03-02 00:00:00

Annual Report 2012

2013-03-02 00:00:00 | Bancolombia
annual reports
2012-04-02 00:00:00

Annual Report 2011

2012-04-02 00:00:00 | Bancolombia
annual reports
2011-03-05 00:00:00

Annual Report 2010

2011-03-05 00:00:00 | Bancolombia
annual reports
2011-03-05 00:00:00

CSR Report 2010

2011-03-05 00:00:00 | Bancolombia
correspondence
2010-12-18 00:00:00

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

2010-12-18 00:00:00 | Banktrack
annual reports
2010-03-01 00:00:00

Corporate Social Responsibility Report 2009

2010-03-01 00:00:00 | Bancolombia

Links

Bancolombia's Sustainability page

http://www.grupobancolombia.com/wps/portal/about-us/corporate-information/sustainability/

Policies

Voluntary standards

Bancolombia has committed itself to the following voluntary standards:
  • Carbon Disclosure Project
  • Equator Principles
  • Global Reporting Initiative
  • Net-Zero Banking Alliance (NZBA)
  • Paris Agreement Capital Transition Assessment (PACTA)
  • Partnership for Carbon Accounting Financials (PCAF)
  • Principles for Responsible Banking (PRB)
  • Principles for Responsible Investment (PRI)
  • Protocolo Verde Brasil (Brazil Green Protocol)
  • Science Based Targets
  • UNEP Finance Initiative
  • United Nations Global Compact

Investment policies

Bancolombia's webpage on corporate social responsibility can be accessed here.

Year:
csr policies
2021-12-01 00:00:00

Climate-related disclosure report 2021

2021-12-01 00:00:00 | Bancolombia
csr policies
2020-08-20 00:00:00

Stakeholders policy

2020-08-20 00:00:00 | Bancolombia
csr policies
2020-05-31 00:00:00

Climate change policy

2020-05-31 00:00:00 | Bancolombia
csr policies
2019-08-31 00:00:00

Environmental management policy

2019-08-31 00:00:00 | Bancolombia
csr policies
2019-07-10 00:00:00

Sustainable procurement policy

2019-07-10 00:00:00 | Bancolombia
csr policies
2019-05-01 00:00:00

Human rights policy

2019-05-01 00:00:00 | Bancolombia
csr policies
2019-04-23 00:00:00

Responsible investment policy

2019-04-23 00:00:00 | Bancolombia
csr policies
2019-04-08 00:00:00

Code of ethics and conduct

2019-04-08 00:00:00 | Bancolombia
csr policies
2019-03-19 00:00:00

Environmental and social risk assessment policy

2019-03-19 00:00:00 | Bancolombia
csr policies
2018-02-15 00:00:00

Anti-money laundering questionnaire

2018-02-15 00:00:00 | Bancolombia
csr policies
2018-01-31 00:00:00

Good governance code

2018-01-31 00:00:00 | Bancolombia
csr policies
2014-05-05 00:00:00

Controversial Issues Policy

2014-05-05 00:00:00 | Bancolombia

Equator Principles

Implementation and reporting

Bancolombia is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

on record

El Dorado International Airport Colombia

Aviation

Good moves

Year:
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