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 25 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Grupo Aval's reported carbon emissions
In 2023, Grupo Aval reported significant carbon emissions, totalling approximately 227,671,900 kg CO2e from Scope 1 and about 20,334,100 kg CO2e from Scope 2. This data highlights the company's ongoing impact on climate change, with a focus on direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased electricity (Scope 2). Over the years, Grupo Aval has shown fluctuations in its emissions. In 2022, the company emitted approximately 25,401,180 kg CO2e, with 2,540,118 kg CO2e from Scope 1 and 18,100,000 kg CO2e from Scope 2. In 2021, emissions were about 25,576,405 kg CO2e, with 2,576,405 kg CO2e from Scope 1 and 16,800,000 kg CO2e from Scope 2. The trend indicates a need for enhanced climate commitments, as there are currently no disclosed reduction targets or initiatives aimed at decreasing emissions. Grupo Aval's climate strategy appears to lack specific reduction targets, such as those aligned with the Science Based Targets initiative (SBTi), which could guide the company towards more sustainable practices. As the organisation continues to operate in a climate-conscious environment, establishing clear and measurable reduction goals will be crucial for its long-term sustainability and compliance with global climate standards.
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| 2023 | |
|---|---|
| Scope 1 | 227,671,900 |
| Scope 2 | 20,334,100 |
| Scope 3 | - |
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 committed to any reduction initiatives 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.
