Operational Eco Efficiency

Carbon footprint

Committed to reducing the impact generated by direct and indirect greenhouse gas (GHG) emissions associated with our operations, the Bancolombia Group has been developing different strategies to control emissions towards a low-carbon economy, within the framework of our Climate Change Policy.

Thus, on November 26, 2019, we signed the Business Ambition for 1.5°C Pledge, a document in which we commit to align our decarbonization plans with a 1.5°C scenario, incorporating the relevant scopes (both direct emissions and financed emissions) in our strategy.

Initiatives to achieve goals

For 2019, we are developing initiatives that will allow us to continue advancing in the fulfillment of the goals addressed based on our commitments:

• Purchase of iRECs certificates described above in the energy chapter, for which we calculate our footprint based on geography and market.

• Approval of the Carbon Tax for business travel that will come into effect as of 2020, which will allow us to implement initiatives that will lead us to reduce energy consumption, which will contribute to becoming carbon neutral in travel.

• We incorporated the measurement of our Scope 3 carbon footprint in the supply of office supplies, cleaning and cafeteria services, and the quantities of extracts and formats in the quantities of paper.