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BancolombiaColombia
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This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2024-04-26 11:56:23
Bancolombia head offices in Medellin. Photo: Juan Camilo Trujillo via Wikimedia Commons (CC BY 2.0)
On record
This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2024-04-26 11:56:23
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About
| Website | https://www.grupobancolombia.com |
| Headquarters |
Calle 50 No. 51-66
Medellin
Colombia
|
| CEO/chair |
Juan Carlos Mora Uribe CEO |
| Supervisor | |
| Ownership |
listed on Bolsa de Valores de Colombia & NYSE
Bancolombia's largest shareholder is the Grupo de Inversiones Suramericana (46.11%). The bank's complete shareholder structure can be accessed here. |
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.
Sustainability
Commitments
Policies
Voluntary standards
Bancolombia's most important sustainability commitments can be found at the website sections listed below.
Bancolombia has committed itself to the following voluntary standards:
Dodgy Deals
Bancolombia is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Bancolombia's link to these deals.
Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Resources
Documents
Links
Accountability
Grievances
Bancolombia does not operate a complaints or grievances channel for individuals or communities that might have been affected by the bank's finance.
Stakeholders may also raise complaints via the OECD National Contact Points (see OECD Watch guidance).
Bancolombia is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.
This page evaluates Bancolombia's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
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Banks and Human Rights
Banks and Human Rights
BankTrack assessed Bancolombia in its 2024 Human Rights Benchmark Latin America, part of the series of BankTrack's Regional Benchmarks, where it achieved 4 points out of 14 and was ranked as a follower.
Human Rights Benchmark Latin America 2024
BankLast update
Country
Score
Ranking
Details
Bancolombia
COL
4
Follower
4
0
Explanation
Laggard
Follower
Moderate achiever
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points
For more details see this page.
Tracking the NZBA
Tracking the Net Zero Banking Alliance
Bancolombia is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.
Good Moves
Good moves
Year:
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