Grupo Bolivar

Grupo Bolivar, an insurance and pension funding services provider headquartered in Colombia, reported total carbon emissions of approximately 9.06 billion kg CO2e in 2025. This includes about 2.35 million kg CO2e from Scope 1 emissions, 98,000 kg CO2e from market-based Scope 2 emissions, and approximately 8.96 billion kg CO2e from Scope 3 emissions, predominantly from investments.

Looking at previous years, in 2024, the company's total emissions were about 9.63 billion kg CO2e, comprising around 2.25 million kg CO2e (Scope 1), 95,000 kg CO2e (market-based Scope 2), and approximately 9.54 billion kg CO2e (Scope 3). In 2023, total emissions were roughly 7.34 billion kg CO2e, with about 3.46 million kg CO2e from Scope 1, 98,000 kg CO2e from market-based Scope 2, and approximately 7.17 billion kg CO2e from Scope 3. In 2022, total emissions stood at approximately 4.55 billion kg CO2e, with around 3.91 million kg CO2e from Scope 1, 258,000 kg CO2e from market-based Scope 2, and about 4.44 billion kg CO2e from Scope 3.

Grupo Bolivar is committed to reducing its environmental impact. The company aims to achieve an absolute reduction of 42% in Scope 1 and Scope 2 GHG emissions by 2030, compared to a 2022 base year, across all its operations in Colombia and Central America. This target is considered a near-term commitment. In 2022, the company achieved a 56% reduction in both Scope 1 and Scope 2 emissions from a 2019 baseline, attributed to operational changes stemming from the pandemic.