Corficolombiana Sustainability Profile
Corficolombiana, officially known as Corporación Financiera Colombiana, is a leading financial institution headquartered in Bogotá, Colombia. Established in 1979, the company has made significant strides in the financial sector, focusing on investment banking, asset management, and corporate finance. With a strong presence in major operational regions across Colombia, Corficolombiana has built a reputation for its innovative financial solutions tailored to meet the diverse needs of its clients. The firm offers a range of core services, including structured finance, project financing, and investment advisory, distinguished by its commitment to excellence and client-centric approach. Over the years, Corficolombiana has achieved notable milestones, solidifying its position as a key player in the Colombian financial market, recognised for its robust portfolio and strategic partnerships.
DitchCarbon Score
How does Corficolombiana'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
Corficolombiana's score of 44 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Corficolombiana's reported carbon emissions
In 2023, Corficolombiana reported total carbon emissions of approximately 3,964,653,000 kg CO2e. This figure includes 223,422,000 kg CO2e from Scope 1 emissions, 13,598,000 kg CO2e from Scope 2 emissions, and a significant 3,714,582,000 kg CO2e from Scope 3 emissions. The combined Scope 1 and 2 emissions totalled about 237,020,000 kg CO2e. Comparatively, in 2022, the organisation's total emissions were approximately 463,757,481,000 kg CO2e, with Scope 1 emissions at 273,046,000 kg CO2e, Scope 2 at 24,566,000 kg CO2e, and Scope 3 emissions reaching 433,996,281,000 kg CO2e. The Scope 1 and 2 emissions combined were about 298,612,000 kg CO2e. Despite the substantial emissions figures, Corficolombiana has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi (Science Based Targets initiative) commitments. The organisation's climate strategy remains unspecified in terms of measurable goals for emissions reduction. All emissions data is sourced directly from Corficolombiana, with no cascaded data from parent or related organisations. The company continues to operate within the context of its industry, focusing on sustainability and climate commitments without defined reduction targets at this time.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 356,691,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 8,933,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 5,005,000 | - | - | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Corficolombiana's Industry?
How Carbon Intensive is Corficolombiana's Location?
Corficolombiana'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.
Corficolombiana 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.
