Bancolombia SA
Bancolombia's GHG Emissions Data Preview
In 2024, 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/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  a | 0000000 |
Location-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  a | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  | 0000000 |
Verified Sources Behind Bancolombia’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Bancolombia’s data sources below and access millions more through our Disclosure Search.
Insights into Bancolombia's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Bancolombia amounted to 13,872.32 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Bancolombia decreased by 9.14%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Bancolombia's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Bancolombia's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Bancolombia were 671.5 metric tons of CO₂ equivalent (tCO₂e).a
Has Bancolombia reduced its Scope 1 emissions over time?
Since 2019, Bancolombia's Scope 1 emissions have decreased by 1.63%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Bancolombia's Scope 1 emissions increased by 22.82%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are Bancolombia's Scope 2 emissions?
In 2024, Bancolombia reported Scope 2 greenhouse gas (GHG) emissions of 4,135.66 tCO₂e using the market-based method and 13,200.82 tCO₂e using the location-based method.a
Has Bancolombia reduced its Scope 2 emissions over time?
Since 2019, Bancolombia's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 41.89%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Bancolombia's Scope 2 emissions (Location-Based) fell by 10.32% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
What methodology does Bancolombia use for Scope 2 reporting?
In 2024, Bancolombia reported its Scope 2 emissions using the market-based method and using the location-based method.a
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 2024, Bancolombia reported 1,545.37 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Bancolombia includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Bancolombia's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Bancolombia's Scope 3 emissions?
In 2024, Bancolombia reported total Scope 3 emissions of 1,545.37 metric tons of CO₂ equivalent (tCO₂e).a
Has Bancolombia reduced its Scope 3 emissions over time?
Since 2019, Bancolombia's Scope 3 emissions have decreased by 50.75%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Bancolombia's Scope 3 emissions remained relatively stable, indicating that Bancolombia's emissions have plateaued with no significant change in its value chain footprint.a
Insights into Bancolombia’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Bancolombia reported Scope 1 greenhouse gas (GHG) emissions of 671.5 tCO₂e and total revenues of USD 5,087 millions. This translates into an emissions intensity of 0.13 tCO₂e per millions USD.a
Bancolombia's Scope 1 Emissions Intensity Compared to Peers
How does Bancolombia's GHG emissions intensity compare to its peers?
In 2024, Bancolombia reported a Scope 1 emissions intensity of 0.13 tCO₂e per millions USD. Compared to the peer group median of 0.59, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Bancolombia rank on GHG emissions intensity within its industry?
In 2024, Bancolombia ranked 7 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Bancolombia is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Bancolombia's Total Carbon Footprint
In 2024, Bancolombia reported a total carbon footprint of 15,417.69 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.07% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Bancolombia's total carbon footprint was Scope 2 emissions, accounting for 85.62% of the company's total carbon footprint, followed by Scope 3 emissions at 10.02%.a