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 64% 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. This indicates a notable reduction in total emissions from 2022 to 2023. Corficolombiana has not specified any formal reduction targets or initiatives, nor does it appear to have cascaded data from a parent organisation. The absence of specific climate pledges or SBTi targets suggests that while the company is actively reporting its emissions, it may not yet have established formal commitments to reduce its carbon footprint. Overall, Corficolombiana's emissions data reflects a substantial environmental impact, particularly from Scope 3 emissions, highlighting the need for strategic climate action moving forward.
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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?
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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.
