Grupo Aval
Grupo Aval Acciones y Valores S.A., commonly known as Grupo Aval, is a prominent financial services conglomerate headquartered in the United States, with significant operations across Colombia and Central America. Founded in 1994, the company has established itself as a leader in the banking and financial sector, offering a diverse range of services including banking, insurance, and asset management. Grupo Aval is distinguished by its robust portfolio of core products, which include retail banking, corporate banking, and investment services, tailored to meet the needs of both individual and institutional clients. The company has achieved notable milestones, such as expanding its market presence through strategic acquisitions and partnerships, solidifying its position as one of the largest financial groups in Latin America. With a commitment to innovation and customer service, Grupo Aval continues to set benchmarks in the industry, driving growth and enhancing financial accessibility in the regions it serves.
DitchCarbon Score
How does Grupo Aval'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
Grupo Aval's score of 51 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Grupo Aval's reported carbon emissions
In 2024, Grupo Aval reported total carbon emissions of approximately 8,446,930 kg CO2e, with Scope 1 emissions at about 4,320 kg CO2e, Scope 2 emissions at approximately 36,150 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 8,406,460 kg CO2e. Notably, the majority of Scope 3 emissions stemmed from investments (approximately 7,843,820 kg CO2e) and purchased goods and services (about 470,040 kg CO2e). The company has made substantial strides in reducing its carbon footprint. In 2022, Grupo Aval achieved a remarkable 56% reduction in both Scope 1 and Scope 2 emissions compared to its 2019 baseline, primarily due to operational changes prompted by the pandemic. This trend continued into 2023, with a reported 49.7% reduction in carbon emissions from the same base year, indicating a sustained commitment to lowering its environmental impact. Additionally, Fiduciaria de Occidente, a subsidiary of Grupo Aval, was certified as Carbon Neutral by ICONTEC in 2023, further demonstrating the group's dedication to climate action. The company continues to focus on its near-term targets, aiming for further reductions in its carbon emissions across all scopes.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,840 | 0,000 | 0,000 | 0,000 | 000,000,000 | 0,000 |
| Scope 2 | 27,670 | 00,000 | 00,000 | 00,000 | 00,000,000 | 00,000 |
| Scope 3 | 25,290 | 0,000 | 0,000 | 0,000 | - | 0,000,000 |
Industry emissions intensity
Location emissions intensity
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.
Grupo Aval 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.
