Grupo Aval Sustainability Profile
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 71% 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 Scope 3 emissions included substantial categories such as investments (approximately 7,843,820 kg CO2e) and employee commute (about 78,020 kg CO2e). In terms of reduction initiatives, Grupo Aval achieved a remarkable 56% reduction in both Scope 1 and Scope 2 emissions from the base year of 2019 by the end of 2022, attributed to operational changes during the pandemic. This trend continued into 2023, where they reported a 49.7% reduction in carbon footprint compared to the same base year, maintaining a similar performance to that of 2022. Additionally, Fiduciaria de Occidente, a subsidiary of Grupo Aval, was certified as Carbon Neutral by ICONTEC in 2023, reflecting the company's commitment to achieving net-zero emissions in the near term. The organisation's emissions data is sourced directly from Grupo Aval Acciones y Valores S.A., with no cascaded data from a parent company.
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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 |
How Carbon Intensive is Grupo Aval's Industry?
How Carbon Intensive is Grupo Aval's Location?
Grupo Aval's Scope 3 Categories Breakdown
Grupo Aval's Scope 3 emissions, which increased significantly last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 93% of Scope 3 emissions.
Top Scope 3 Categories
Grupo Aval'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.
Grupo Aval 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.
