Banco Bilbao Vizcaya Argentaria Colombia S.A.

In 2023, Banco Bilbao Vizcaya Argentaria Colombia S.A. reported total carbon emissions of approximately 4,365,500 kg CO2e, with no emissions attributed to Scope 2 from purchased electricity. This marks an increase from the previous year's emissions of about 3,347,000 kg CO2e in 2022. The bank's emissions for 2021 were approximately 3,327,800 kg CO2e, indicating a trend of rising emissions over the past few years. The bank has disclosed emissions data primarily for Scope 2, which includes emissions from purchased electricity. However, there is no available data for Scope 1 or Scope 3 emissions, limiting the understanding of the bank's overall carbon footprint. Despite the increase in emissions, there are currently no specific reduction targets or initiatives outlined in their climate commitments. The absence of documented reduction strategies suggests that the bank may need to enhance its climate action plans to align with industry standards and expectations for sustainability. Overall, while Banco Bilbao Vizcaya Argentaria Colombia S.A. has made strides in reporting its emissions, the lack of reduction targets and the upward trend in emissions highlight the need for a more robust approach to climate commitments.