Banco Davivienda S A

Banco Davivienda S. A., headquartered in Colombia and operating in the financial intermediation services sector, has reported its carbon emissions and set climate commitments. The company's emissions data is inherited from its parent company, Banco Davivienda S.A.

In 2024, Banco Davivienda S. A.'s total emissions were approximately 7.1 billion kg CO2e. This included Scope 1 emissions of about 2,253 kg CO2e, primarily from fugitive emissions, and Scope 2 market-based emissions of approximately 95,120 kg CO2e from purchased electricity. Scope 3 emissions were substantially higher at around 7.1 billion kg CO2e, with the largest contributors being investments (approximately 7.02 billion kg CO2e), followed by purchased goods and services (around 34.7 million kg CO2e) and downstream transportation and distribution (approximately 21.7 million kg CO2e).

Looking at previous years, in 2023, the total emissions were about 5.28 billion kg CO2e. Scope 1 emissions were approximately 2,455 kg CO2e, and Scope 2 market-based emissions were around 97,750 kg CO2e. Scope 3 emissions for 2023 were about 5.28 billion kg CO2e, with investments accounting for approximately 5.19 billion kg CO2e.

Banco Davivienda S. A. has committed to an absolute reduction of 42% in Scope 1 and 2 emissions by 2030, compared to 2022 levels. This target covers all of its operations in Colombia and Central America.