Bancolombia SA
Bancolombia Waste Data Preview
In 2023, Bancolombia conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards. The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Waste Generated | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Waste Recovered | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Hazardous Waste Generated | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Non-Hazardous Waste Disposed | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Insights into Bancolombia's Waste Treatment Practices
In 2023, Bancolombia generated a total of 2,532 metric tonnes of waste. a
Of this amount, 45.07% of Bancolombia's total waste generated was recovered through methods such as recycling, reuse, or composting, while 54.9% was disposed of through landfilling, incineration, or combustion. a
Bancolombia's Waste Recovery Rate
How much of Bancolombia's waste is recycled or recovered?
In 2023, Bancolombia reported a total waste generation of 2,532 metric tonnes, of which 45.07% was recovered through recycling, reuse, or composting. This moderate level of recovery indicates that Bancolombia is taking steps toward improving its waste diversion practices, though there is still room to enhance recycling and recovery efforts. a
Has Bancolombia reduced its environmental waste footprint over time?
Since 2019, Bancolombia's total waste generation increased by 10.71%, including a 60.56% increase in 2023, indicating a persistent upward trend that may reflect scaling operations, inefficiencies in resource use, or a lack of effective waste minimization practices. a
Over the same period, Bancolombia's waste recovery rate declined by 12.97%, with a further 19.96% drop in 2023, underscoring a weakening in waste diversion performance and a potential drift away from circular waste strategies. a
Overall, Bancolombia is generating more waste while simultaneously backsliding on recovery efforts, both in the short and long term. This dual negative trend raises concerns about the company’s waste management priorities and its alignment with sustainability goals.
Bancolombia’s Waste Recovery vs. Disposal Over Time
- Total Waste Disposed
- Total Waste Recovered
Insights into Bancolombia’s Generation of Hazardous and Non-Hazardous Waste
In 2023, Bancolombia generated a total of 2,532 metric tonnes of waste. a
Of this amount, 0.24% of Bancolombia's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment. 99.72% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls. a
Bancolombia’s Hazardous vs Non-Hazardous Waste Over Time
- Total Non-Hazardous Waste Generated
- Total Hazardous Waste Generated
How Bancolombia reduced the environmental impact of its waste?
Since 2019, Bancolombia's total waste generation increased by 10.71%, including a 60.56% rise in 2023, reflecting a persistent upward trend that could be linked to operational growth, inefficient material use, or limited investment in waste prevention systems. a
Over the same period, Bancolombia reduced the hazardousness of its waste by 55.41%, with a further 50.62% decline in 2023, suggesting a sustained and meaningful shift toward safer waste profiles and lower environmental impact. a
Overall, Bancolombia is generating more waste but has significantly reduced the share of hazardous materials, suggesting a partial decoupling of volume and toxicity that could reflect more responsible inputs or enhanced treatment. a
How does Bancolombia treat its hazardous waste?
In 2023, Bancolombia reported that 6 metric tonnes of its total waste output were classified as hazardous. This represents 0.24% of its overall waste generation. a
The company treated this hazardous waste using a combination of methods. Approximately 49.84% was managed through recovery methods, indicating a moderate integration of circular practices into its hazardous waste management. However, a significant share was still directed toward disposal, highlighting room for improvement in reducing the long-term impact of hazardous materials. a