Public Profile

Bancoldex

Bancoldex, officially known as Banco de Comercio Exterior de Colombia S.A., is a prominent financial institution headquartered in Bogotá, Colombia. Established in 1991, Bancoldex plays a vital role in the Colombian economy, focusing on promoting international trade and supporting the growth of small and medium-sized enterprises (SMEs). The bank offers a range of unique financial products and services, including export financing, working capital loans, and investment support, tailored specifically for businesses looking to expand their market reach. With a strong commitment to fostering economic development, Bancoldex has positioned itself as a leader in the development banking sector, achieving significant milestones in enhancing access to finance for Colombian exporters. Its strategic initiatives and innovative solutions have solidified its reputation as a key player in the industry.

DitchCarbon Score

How does Bancoldex'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.

41

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.

26

Industry Benchmark

Bancoldex's score of 41 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.

92%

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Bancoldex's reported carbon emissions

In 2023, Bancoldex reported total carbon emissions of approximately 433,420 kg CO2e. This figure includes 44,180 kg CO2e from Scope 1 emissions, 112,580 kg CO2e from Scope 2 emissions, and 276,670 kg CO2e from Scope 3 emissions. The Scope 3 emissions primarily stem from business travel, employee commuting, and purchased goods and services. Over the past few years, Bancoldex has demonstrated a commitment to reducing its carbon footprint. In 2022, total emissions were about 474,320 kg CO2e, indicating a reduction in emissions from the previous year. The organisation's emissions peaked in 2013 at approximately 1,009,020 kg CO2e, showcasing a significant downward trend in emissions over the decade. Despite these reductions, Bancoldex has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of formal reduction targets suggests a need for further commitment to structured climate action. Bancoldex's headquarters is located in Colombia, and its emissions data reflects a global operational footprint. The organisation's ongoing efforts to monitor and report emissions are crucial for enhancing transparency and accountability in its climate commitments.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20132014201520162017201820192020202120222023
Scope 1
49,660
00,000
00,000
00,000
00,000
00,000
000
00,000
000,000
00,000
00,000
Scope 2
138,690
000,000
000,000
000,000
000,000
0,000
00,000
000,000
00,000
00,000
000,000
Scope 3
820,670
000,000
000,000
000,000
000,000
00,000
000,000
00,000
000,000
000,000
000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Bancoldex's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Bancoldex is in CO, which has a low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Bancoldex is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers