Banco Davivienda S A Sustainability Profile
Banco Davivienda S.A., commonly referred to as Davivienda, is a prominent financial institution headquartered in Bogotá, Colombia. Established in 1972, the bank has grown to become a key player in the Latin American banking sector, with a strong presence in Colombia and expanding operations in Central America. Specialising in retail banking, corporate banking, and investment services, Davivienda offers a diverse range of products, including savings accounts, loans, and insurance. Its innovative digital banking solutions set it apart, catering to the evolving needs of its customers. Recognised for its commitment to sustainability and social responsibility, Banco Davivienda has achieved notable milestones, including awards for customer service excellence. With a solid market position, it continues to enhance its reputation as a trusted financial partner in the region.
DitchCarbon Score
How does Banco Davivienda 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 Davivienda S A's score of 60 is higher than 77% 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 Davivienda S A's reported carbon emissions
In 2024, Banco Davivienda S.A. reported total carbon emissions of approximately 9,655,634 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions accounted for about 671,000 kg CO2e, while Scope 2 emissions totalled approximately 4,689,000 kg CO2e (location-based). Scope 3 emissions were significant, reaching approximately 274,076,936 kg CO2e, highlighting the extensive impact of their supply chain and operational activities. The bank has set ambitious climate commitments, aiming for a 42% absolute reduction in Scope 1 and 2 emissions by 2030, compared to 2022 levels. This target encompasses all operations in Colombia and Central America, reflecting a strong commitment to sustainability and climate action. Banco Davivienda's emissions data is not cascaded from any parent organization, indicating that the reported figures are independently sourced. The bank's proactive approach to managing its carbon footprint aligns with industry standards and demonstrates a commitment to reducing its environmental impact.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 3,366,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000 | 0,000 |
| Scope 2 | 7,251,000 | 0,000,000 | 0,000,000 | - | 000,000 | 000,000 | 000,000 | 0,000 | 0,000 |
| Scope 3 | 1,357,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 0,000,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Banco Davivienda S A's Industry?
How Carbon Intensive is Banco Davivienda S A's Location?
Banco Davivienda S A's Scope 3 Categories Breakdown
Banco Davivienda S A's Scope 3 emissions, which decreased by 27% last year and decreased by approximately 21% since 2016, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 62% of Scope 3 emissions.
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Banco Davivienda 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 Davivienda 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.
