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 81% 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, with Scope 1 emissions amounting to approximately 227,671,900 kg CO2e and Scope 2 emissions at about 20,334,100 kg CO2e. This data highlights the company's ongoing impact on the environment, particularly in the context of its operational activities. Over the years, Grupo Aval has shown fluctuations in its emissions. In 2022, the company recorded Scope 1 emissions of approximately 2,540,118 kg CO2e and Scope 2 emissions of about 18,100,000 kg CO2e. The previous year, 2021, saw Scope 1 emissions at around 2,576,405 kg CO2e and Scope 2 emissions of approximately 16,800,000 kg CO2e. This trend indicates a need for enhanced strategies to manage and reduce emissions effectively. Despite the emissions data, Grupo Aval has not disclosed specific reduction targets or initiatives aimed at mitigating its carbon footprint. The absence of defined climate pledges or science-based targets suggests that the company may need to strengthen its commitments to sustainability and climate action. As a major player in the financial sector, Grupo Aval's climate commitments are crucial not only for its operational sustainability but also for setting a precedent within the industry. The company’s future efforts will be essential in addressing climate change and aligning with global sustainability goals.
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Add to project| 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.
