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Last update: 2021-07-27 11:36:19
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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.
Calle 50 No. 51-66
Juan Carlos Mora Uribe |
|Annual report||Annual report 2020|
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
Dodgy Deals map
Tracking the Equator Principles
EPFIs reporting status
EP reporting page: https://equator-principles.com/reporting-bancolombia-s-a-2020/
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.
Banks and Climate
Bank net zero commitments
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“.
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.
CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets
New bank climate initiative fails to grasp urgent need to end finance for fossil fuels
Leading finance firms sign up to Mark Carney forum on low-carbon investment
Equator Principles requirements missing for most projects, finds new BankTrack study
While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning
BankTrack to Equator Principles banks; ‘get the Outside Job done’
New rules for Equator Principles, but no new commitments from banks
Equator Principles: Action, not words needed
Civil society groups call for bold steps forward with Equator Principles
Voluntary standardsBancolombia 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
Bancolombia's webpage on corporate social responsibility can be accessed here.
Implementation and reporting
Bancolombia is reporting on the implementation here.