Through operational Eco-efficiency, which consists of managing the direct impact we generate on the environment, associated with the consumption of natural resources for the development of our operation, we seek to reduce this impact through the creation of strategies to reduce our consumption of water, energy, paper, travel and to valorize the waste generated.

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Operational Eco Efficiency

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Operational Eco Efficiency

At Grupo Bancolombia, try our best to reduce our environmental impact and improve cost structure.

Through operational Eco-efficiency, which consists of managing the direct impact we generate on the environment, associated with the consumption of natural resources for the development of our operation, we seek to reduce this impact through the creation of strategies to reduce our consumption of water, energy, paper, travel and to valorize the waste generated.

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Actions to reduce environmental impact

As part of our Eco-efficiency strategy, we support the management of the following actions to reduce the environmental impact of our operations:

Creation of campaigns and projects that generate environmental awareness within the organization: employees, suppliers and visitors.
Development of projects and strategies for the reduction of water and energy consumption in all our operating sites, in conjunction with the areas of Real Estate Management and Fixed Assets Management.
Creation and support of strategies to reduce travel by our employees to reduce our indirect carbon footprint. This is done in conjunction with administrative services areas.
Supporting logistic areas to promote reductions in the consumption of paper, printing and other supplies, and the proper disposal of waste generated at our operating sites.
Management of solid waste through separation, recycling and recovery processes, with the support of expert management companies.
Purchase of renewable energy with iRECs certification.
Implementation of a carbon tax for business travel, which will be used to develop new energy efficiency and renewable energy activities and projects to internally offset our carbon footprint and raise awareness among our employees.

What is Waste Electrical and Electronic Equipment (WEEE)?

WEEEs are those components, consumables and subassemblies that are part of the product at the time it is discarded (law 1672 of 2013).

These wastes can contaminate the soil, water sources, air and other renewable natural resources if they are improperly managed or disposed of, thereby generating risk to human health and the environment, therefore they require comprehensive management, in accordance with current regulations.

Selective collection system and environmental management of WEEE.

Selective collection and environmental management system for used tires

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.

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To this end, we have defined an ambitious goal to reduce our CO2 Scope 1+2 emissions at the corporate level, where we are committed to reducing our emissions by 57% by 2050 compared to our 2010 emissions. This goal was designed according to current science to respond to this 1.5°C scenario (SBTi - Science Base Target Initiative).

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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.
Compensation strategy, in an agreement with Fundación Natura, we planted 172,000 trees between 2009 and 2014, which annually capture CO2 to offset all of our scope 1 emissions and 3 emissions; By 2020, the approximate total accumulated capture is 23,170 tons of CO2e, with a capture during the year of 2,717 tons of CO2e.
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.

Our Circular Economy

In the Bancolombia Group, from our direct operation we contribute to move towards a circular economy through the correct use and treatment of waste, strategies to reduce the consumption of inputs, among other eco-efficiency goals.

During 2021 we properly manage 1,575 tons of waste, of these 56% corresponds to waste susceptible to use and we continue to properly manage waste that requires final disposal in landfill or treatment given its hazardous characteristics.

En nuestros edificios ubicados en las ciudades principales contamos con separación, captura y aprovechamiento de residuos reciclables. Resaltamos la disminución de papel para gestión de formularios físicos, que son comercializados e ingresan a cuentas no contables que aportan a la eficiencia operacional del Banco.

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Desde el año 2015 incluimos 129 sucursales en Colombia a través del proceso de logística inversa.

En los primeros 3 meses de 2020 se implementó la estrategia ¨Adopta tu vaso¨, con la que se pretendió la disminución del consumo de vasos de un solo uso y de residuos. Como resultados positivos se disminuyó dicho uso y se reflejó la consciencia de nuestros empleados. Al entrar en vigor el trabajo en casa por la pandemia, se suspendió la acción y se eliminaron permanentemente vasos y mezcladores.

Nuestros productos financieros físicos han sido rediseñados, creando empaques con materiales sostenibles y disminuyendo la cantidad de residuos durante el proceso. A través de la implementación de acciones de economía circular, bajo el marco normativo colombiano, será posible introducir una mayor cantidad de material a procesos de aprovechamiento.

Incorporamos tarjetas producidas a partir de material reciclado las cuales fueron entregadas a clientes que requerían cambio, esto se implementó desde diciembre de 2020 a modo de piloto.

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En cuanto a la gestión de nuestros activos como muebles, maquinaria, edificios y vehículos, incorporamos procesos que contienen criterios de circularidad:

75% del área total de nuestras instalaciones físicas se encuentra en edificios existentes previamente.

Nuestros activos de tecnología, muebles, maquinaria y vehículos tienen vida útil prolongada y son factibles de realizar mantenimiento.

Al ser retirados de servicio, buscamos que sean redistribuidos vendiendo aquellos que todavía están en buen estado a empleados o terceros, donados a instituciones que puedan utilizarlos, o dispuestos a través de gestores autorizados que cuentan con sistemas para su correcto desmantelamiento, y reciclaje y aprovechamiento de los materiales hasta el máximo posible.

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