Banco Davivienda S.A., a prominent player in the financial intermediation services sector, is headquartered in Colombia (CO) and has established a significant presence across Latin America. Founded in 1972, the bank has evolved to become a leader in providing a diverse range of financial products and services, including personal and commercial banking, credit solutions, and investment services.
With a commitment to innovation, Banco Davivienda distinguishes itself through its customer-centric approach and digital banking initiatives, catering to the needs of both individual and corporate clients. The bank's notable achievements include a strong market position, recognised for its robust financial performance and extensive network of branches and ATMs. As a trusted financial partner, Banco Davivienda continues to shape the landscape of financial services in the region.
+20 vs industry average
Banco Davivienda S A’s score of 57 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Banco Davivienda S A's reported carbon emissions
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.
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Banco Davivienda S A’s Climate Goals (2030 & 2050)
2 goals2030
42% reduction in Scope 1
We have committed to an absolute reduction of 42% in Scope 1 and 2 emissions by 2030, compared to 2022 levels, across all of our operations…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
12 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Banco Davivienda S A
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