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 38 is higher than 89% 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 2023, Grupo Aval reported total carbon emissions of approximately 41,420 kg CO2e, with emissions distributed across various scopes: 2,880 kg CO2e from Scope 1, 29,900 kg CO2e from Scope 2, and 8,640 kg CO2e from Scope 3. This marked an increase from 2022, where total emissions were about 27,610 kg CO2e. In 2022, the breakdown of emissions included 2,840 kg CO2e from Scope 1, 18,060 kg CO2e from Scope 2, and 6,710 kg CO2e from Scope 3. The trend shows a significant reduction in total emissions from 2021, which were approximately 24,640 kg CO2e, indicating a commitment to improving their carbon footprint over time. Despite these figures, Grupo Aval has not set specific reduction targets or initiatives as part of their climate commitments, nor have they joined any formal climate pledges. The absence of documented reduction targets suggests a need for enhanced strategies to address their carbon emissions comprehensively. Overall, Grupo Aval's emissions data reflects their ongoing efforts to monitor and report on their carbon footprint, although further commitments and reduction strategies would strengthen their climate action profile.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,840 | 0,000 | 0,000 | 0,000 | 0,000 | 0,000 |
| Scope 2 | 27,670 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 25,290 | 0,000 | 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.
