Corporación Financiera Colombiana S.A.
Corporación Financiera Colombiana S.A. (Corficolombiana) is a leading financial institution headquartered in Bogotá, Colombia. Established in 1972, the company has significantly contributed to the development of the Colombian economy, focusing on sectors such as infrastructure, energy, and real estate. Corficolombiana offers a diverse range of financial services, including investment banking, asset management, and project financing, distinguished by its commitment to innovation and sustainability. With a strong market position, the firm has achieved notable milestones, including strategic partnerships and successful capital market transactions, solidifying its reputation as a trusted financial partner in the region. Operating primarily in Colombia, Corficolombiana continues to expand its influence across Latin America, leveraging its expertise to drive growth and development in key industries.
DitchCarbon Score
How does Corporación Financiera Colombiana S.A.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Corporación Financiera Colombiana S.A.'s score of 37 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Corporación Financiera Colombiana S.A.'s reported carbon emissions
In 2023, Corporación Financiera Colombiana S.A. reported total carbon emissions of approximately 22,3422 kg CO2e from Scope 1, 13,598 kg CO2e from Scope 2, and a significant contribution from Scope 3 emissions, which totalled approximately 32,527,000 kg CO2e from business travel alone. Other notable Scope 3 emissions include about 369,939 kg CO2e from purchased goods and services and approximately 81,725 kg CO2e from downstream transportation and distribution. Comparatively, in 2022, the company recorded approximately 235,228 kg CO2e in Scope 1 and 19,162 kg CO2e in Scope 2 emissions, indicating a slight reduction in Scope 1 emissions year-on-year. However, no Scope 3 emissions data was disclosed for 2022. Despite these emissions figures, Corporación Financiera Colombiana S.A. has not established specific reduction targets or climate pledges, nor does it appear to have cascaded any targets from parent or related organisations. The company is currently not part of any industry-standard initiatives such as SBTi or CDP, which could guide its climate commitments. Overall, while the company has made some progress in emissions reporting, further commitments and reduction strategies would enhance its climate action profile.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 235,228 | 000,000 |
| Scope 2 | 19,162 | 00,000 |
| Scope 3 | - | 00,000,000.00 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Corporación Financiera Colombiana S.A. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
