We have established our corporate sustainability objectives to support our business strategy and our sustainability management commitments

2024 for this year we initiated a materiality consultation that will allow us to update and broaden the concepts of our impacts, risks and opportunities as well as define those issues relevant to our stakeholders. To learn more about our current materiality definition process download it here.

In 2023 we defined dual materiality, in light of our corporate purpose “Promote sustainable development to achieve the well-being of all”, we seek to identify not only what is material for Bancolombia, but also the material impact of the company on people and the planet. With this dual materiality approach we obtain the analysis of both the impact that Bancolombia's activity has on the environment and its stakeholders (Impact materiality), and the impact that the environment and its stakeholders have on Bancolombia's activities (Financial materiality).

In 2021 we aligned materiality consulting with corporate reputation measurement, which is carried out every year in the countries we are present.

In 2020 we present the new material issues that are part of our corporate purpose that seeks to promote the sustainable economic development to achieve the wellness of everyone.