Bancolombia

Bancolombia, a financial intermediation services provider headquartered in Colombia, reported total emissions of approximately 2.24 million kg CO2e in 2025. This includes about 604,360 kg CO2e from Scope 1 emissions, 74,530 kg CO2e from market-based Scope 2 emissions, and 1.56 million kg CO2e from Scope 3 emissions.

The company has set ambitious reduction targets. It aimed to reduce its Scope 1 and 2 GHG emissions by 10% below 2010 levels by 2020, a goal achieved in 2017. Furthermore, Bancolombia set a second challenge to reduce its Scope 1 and 2 emissions by 25% below 2017 levels by 2030, which it achieved in 2019 due to the purchase of iRECs certified renewable energy and energy efficiency initiatives. The company's final goal is to achieve a 57% reduction in its 2010 GHG levels by 2050, requiring an annual reduction of 2.1% in absolute Scope 1 and 2 emissions.

Bancolombia S.A. has near-term Science Based Targets initiative (SBTi) targets set for 2026, classified as consistent with a 1.5°C warming scenario. These targets cover 23% of its total investment and lending by total balance sheet assets as of 2021. For its third-party asset management activities, the portfolio targets cover 65% of assets under management as of 2021.