Bancolombia SA
Bancolombia's GHG Emissions Data Preview
In 2023, Bancolombia completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).
However, Bancolombia has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Bancolombia's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Bancolombia amounted to 15,267.7 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Bancolombia decreased by 28.57%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
Bancolombia's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Bancolombia's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Bancolombia were 546.7 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Bancolombia reduced its Scope 1 emissions over time?
Since 2019, Bancolombia's Scope 1 emissions have decreased by 19.96%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Bancolombia's Scope 1 emissions increased by 3.94%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.
What are Bancolombia's Scope 2 emissions?
In 2023, Bancolombia reported Scope 2 greenhouse gas (GHG) emissions of 3,073 tCOâ‚‚e using the market-based method, and 14,721 tCOâ‚‚e using the location-based method.
Has Bancolombia reduced its Scope 2 emissions over time?
Since 2019, Bancolombia's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 35.2%, reflecting a declining long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), Bancolombia's Scope 2 emissions (Location-Based) fell by 29.39% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.
What methodology does Bancolombia use for Scope 2 reporting?
In 2023, Bancolombia reported its Scope 2 emissions using the market-based method and using the location-based method.
Bancolombia's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Bancolombia's Value Chain Emissions
In 2023, Bancolombia reported 1,688 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of Bancolombia includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, down from 1 in 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.
Bancolombia's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Bancolombia's Scope 3 emissions?
In 2023, Bancolombia reported total Scope 3 emissions of 1,688 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Bancolombia reduced its Scope 3 emissions over time?
Since 2019, Bancolombia's Scope 3 emissions have decreased by 46.21%, reflecting a declining long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), Bancolombia's Scope 3 emissions remained relatively stable, indicating that Bancolombia 's emissions have plateaued with no significant change in its value chain footprint.
Insights into Bancolombia's Total Carbon Footprint
In 2023, Bancolombia reported a total carbon footprint of 16,955.7 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 26.33% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.
The largest contributor to Bancolombia's total carbon footprint was Scope 2 emissions, accounting for 86.82% of the company's total carbon footprint, followed by Scope 3 emissions at 9.96%.