Bancolombia

Bancolombia, headquartered in Colombia and operating in financial intermediation services, has reported its carbon emissions for several years. In 2025, the company's total emissions were approximately 2.24 million kg CO2e, comprising about 604,360 kg CO2e of Scope 1 emissions and 1557960 kg CO2e of Scope 3 emissions. Scope 2 emissions, using the market-based approach, were approximately 74,530 kg CO2e.

For 2024, total emissions were approximately 2.27 million kg CO2e. This included about 471,880 kg CO2e of Scope 1 emissions and approximately 1.72 million kg CO2e of Scope 3 emissions. Market-based Scope 2 emissions were around 76,330 kg CO2e.

In 2023, Bancolombia reported total emissions of approximately 5.31 million kg CO2e, with Scope 1 emissions at about 546,700 kg CO2e and Scope 3 emissions at approximately 1.69 million kg CO2e. Market-based Scope 2 emissions for this year were approximately 3.07 million kg CO2e. The company also reported total emissions per employee as 260 tonnes CO2e/employee.

Bancolombia is committed to climate action, being a member of the Business Ambition for 1.5°C initiative since December 2019. They have set near-term targets classified as 1.5°C aligned, with a target year of 2026. These targets cover a significant portion of their investment and lending portfolio. Specifically, as of 2021, their portfolio targets covered 23% of total investment and lending by balance sheet assets, with required activities making up 32%. Additionally, 65% of their third-party asset management activities were covered by these targets. While the provided data does not detail specific reduction percentages for operational emissions (Scope 1 and 2) in relation to these targets, the classification suggests alignment with science-based pathways to limit global warming. The company has also noted a commitment compliance policy with a transitory grace period for target submission by July 31, 2023, for certain reporting.