- High degree of uncertainty in climate change risk assessment.
- Need to broaden the scope of impact measurements across banking segments and products.
- Addressing transition risks from changes in regulations, technologies, and market trends.
Banco Davivienda S.A.
Greenhouse gas emissions & sustainability report data
In its 2021 reporting, Banco Davivienda S.A. disclosed greenhouse gas emissions of 7.5K tCO2e/year (2021). By scope: Scope 1: 2.6K tCO2e/year (2021); Scope 2: 4.7K tCO2e/year (2021); Scope 3: 247 tCO2e/year (2021). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
7.5K tCO2e/year (2021)
2021
Renewable Energy
100% (offset through RECs)
of total energy
📊 Emissions by Scope (2021)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 2.6K tCO2e/year (2021) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 4.7K tCO2e/year (2021) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 247 tCO2e/year (2021) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021 | 7.5K tCO2e/year (2021) |
| 2014 | 15.6K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Scope 1 emissions by 9.8% compared to 2019.
- Reduced Scope 2 emissions by 33% compared to 2019.
- Reduced Scope 3 emissions by 80.7% compared to 2019.
- Increased clean energy generation by 165% compared to 2020 (140.3 MWh).
- Installed 16 photovoltaic generation systems in Colombia with a total installed capacity of 291 kWp.
- Offsetting 100% of energy consumption through the purchase of renewable energy certificates (RECs) starting in 2021.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce total carbon footprint by 5% compared to 2019 by 2022.
- Reduce Scope 1 emissions by 2% compared to 2019 by 2023.
- Reduce Scope 2 emissions by 6% compared to 2019 by 2023.
- Reduce Scope 3 emissions by 20% compared to 2019 by 2023.
- Increase clean energy generation at sites by 190 kWh/year by 2023.
📅 Medium-term
- Achieve 30% sustainable portfolio (environmental and social) of total portfolio by 2030.
- Carbon neutrality in management by 2030.
🌱 ESG Focus Areas
Climate ChangeSustainable FinanceResponsible InvestmentEco-efficiencyCircular Economy