Banco Davivienda S A

Banco Davivienda S.A., a financial intermediation services company based in Colombia, has published its carbon emissions data for several years.

Latest Emissions Data (2024):

In 2024, Banco Davivienda S.A. reported its total emissions as approximately 7,198,443,730 kg CO2e. This breaks down as follows:

• Scope 1: Approximately 2,253 kg CO2e.
• Scope 2: Approximately 95,120 kg CO2e (market-based) and 4,689,000 kg CO2e (location-based).
• Scope 3: Approximately 7,100,746,660 kg CO2e, with investments being the largest contributing category at around 7,022,049,020 kg CO2e.

Emissions Trends:

• 2023: Total emissions were approximately 5,379,514,095 kg CO2e, with Scope 3 emissions accounting for the vast majority (approximately 5,199,000,840 kg CO2e).
• 2022: Total reported emissions for Scope 1 and 2 were approximately 5,572,567 kg CO2e. Scope 3 emissions data for this year is not provided in a summative format for direct comparison.
• 2021: Total emissions were approximately 3,597,000 kg CO2e, with Scope 1 accounting for approximately 2,896,000 kg CO2e and Scope 2 for approximately 506,000 kg CO2e (market-based). Scope 3 emissions were approximately 282,000 kg CO2e.
• 2020: Total emissions were approximately 3,779,000 kg CO2e, comprising approximately 2,595,000 kg CO2e of Scope 1 and 839,000 kg CO2e of Scope 2 (market-based). Scope 3 emissions were approximately 430,000 kg CO2e.
• 2019: Total emissions were approximately 4,182,000 kg CO2e, including approximately 2,904,000 kg CO2e of Scope 1 and 1,561,000 kg CO2e of Scope 3. Scope 2 emissions for this year are reported as 0 kg CO2e market-based.
• 2018: Total emissions were approximately 9,973,000 kg CO2e, with Scope 1 at 2,090,000 kg CO2e, Scope 2 at 6,822,000 kg CO2e, and Scope 3 at 1,061,000 kg CO2e.
• 2017: Total emissions were approximately 11,196,000 kg CO2e, with Scope 1 at 2,857,000 kg CO2e, Scope 2 at 6,994,000 kg CO2e, and Scope 3 at 1,355,000 kg CO2e.
• 2016: Total emissions were approximately 11,974,000 kg CO2e, comprising Scope 1 at 3,366,000 kg CO2e, Scope 2 at 7,251,000 kg CO2e, and Scope 3 at 1,357,000 kg CO2e.

Climate Commitments:

Banco Davivienda S.A. has set a commitment to achieve an absolute reduction of 42% in Scope 1 and 2 emissions by 2030, compared to 2022 levels. This target applies to all its operations in Colombia and Central America. The company's reporting for 2024 indicates that it is on track for its two-year and five-year progress towards this near-term target.