Banco Bilbao Vizcaya Argentaria Colombia S.A. Sustainability Profile
Banco Bilbao Vizcaya Argentaria Colombia S.A. (BBVA Colombia) is a prominent financial institution headquartered in Bogotá, Colombia. Established in 1996, it has rapidly evolved within the banking sector, offering a comprehensive range of services including retail banking, corporate finance, and investment solutions. BBVA Colombia stands out for its innovative digital banking platforms, which enhance customer experience and accessibility. The bank is committed to sustainable finance, aligning its operations with environmental and social governance principles. With a strong market presence, BBVA Colombia has garnered recognition for its customer-centric approach and robust financial performance, positioning itself as a leader in the Colombian banking industry. Its dedication to technological advancement and responsible banking practices continues to drive its growth and reputation in the region.
DitchCarbon Score
How does Banco Bilbao Vizcaya Argentaria Colombia S.A.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Banco Bilbao Vizcaya Argentaria Colombia S.A.'s score of 29 is lower than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Banco Bilbao Vizcaya Argentaria Colombia S.A.'s reported carbon emissions
In 2024, Banco Bilbao Vizcaya Argentaria Colombia S.A. reported total carbon emissions of approximately 1,243,520 kg CO2e, with all emissions classified under Scope 1. The bank did not report any Scope 2 emissions, indicating no emissions from purchased electricity. In 2023, the bank's emissions were about 874,810 kg CO2e, also solely from Scope 1. Over the past few years, the bank's total emissions have fluctuated, with 2022 emissions recorded at approximately 3,347,000 kg CO2e and 2021 at about 3,327,800 kg CO2e. Notably, in 2020, emissions were around 3,279,700 kg CO2e, while 2019 saw a significant spike to approximately 17,112,000 kg CO2e, primarily from Scope 2 emissions related to purchased electricity. Banco Bilbao Vizcaya Argentaria Colombia S.A. has not set specific reduction targets or climate pledges, as indicated by the absence of documented reduction initiatives or SBTi targets. However, it is part of a corporate family relationship with Banco Bilbao Vizcaya Argentaria, S.A., which may influence its climate commitments and reporting practices. The bank's emissions data reflects its operational impact and highlights the need for ongoing assessment and potential strategies to mitigate carbon emissions in alignment with broader climate goals.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 874,810 | 0,000,000 |
| Scope 2 | - | - |
| Scope 3 | - | - |
How Carbon Intensive is Banco Bilbao Vizcaya Argentaria Colombia S.A.'s Industry?
How Carbon Intensive is Banco Bilbao Vizcaya Argentaria Colombia S.A.'s Location?
Banco Bilbao Vizcaya Argentaria Colombia S.A.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Banco Bilbao Vizcaya Argentaria Colombia S.A. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
