Bancolombia SA

Common Name
Bancolombia
Country
Colombia
Sector
Financial Services
Industry
Banks - Regional
Employees
N/A
Ticker
CIBEST
Exchange
BOLSA DE VALORES DE COLOMBIA

Bancolombia's Climate Target Data Preview

As of 2024, Bancolombia has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Bancolombia ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Business Travel (Cat. 6)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries

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Insights into Bancolombia's Greenhouse Gas Emissions Pathways

As of 2024, Bancolombia has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a

Does Bancolombia have a target to reduce the emissions from its operations?

As of 2024, Bancolombia has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Bancolombia's most ambitious operational target is to reduce these emissions by 95% by 2030, compared to a baseline of 19,342.97 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019. a

As of 2024, Bancolombia is ahead of schedule on its operational emissions reduction target, having achieved 79.11% of the planned reduction. a

Bancolombia's Operational (Scope 1+2) Emissions Pathway

20192024203005 k10 k15 k20 kBaselineCurrent (-75%)Target 2030 (-95%)

Does Bancolombia have a target to reduce the emissions from its value chain?

As of 2024, Bancolombia has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 3 out of the 15 Scope 3 categories defined by the GHG Protocol. a

Bancolombia's most ambitious value chain target is to reduce these emissions by 50% by 2030, compared to a baseline of 3,137.63 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019. a

Bancolombia has already surpassed its value chain emissions reduction target, with 2024 levels falling below the 2030 value, achieving its climate goal ahead of schedule. a

Bancolombia's Value Chain (Scope 3) Emissions Pathway

20192024203008001.6 k2.4 k3.2 kBaselineCurrent (-51%)
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