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We promote sustainable development in Colombia with financial and non-financial instruments that encourage green knowledge and social welfare with a territorial approach and leveraged on innovation, digitalization and the democratization of sustainable knowledge.

 

REASONS WHY WE COMMIT TO SUSTAINABILITY

  • Fulfill its mission as a development bank under a consolidated and robust governance structure.

  • Promote the financing of business projects with environmental, social and economic value.

  • To be a public policy instrument to contribute to the fulfillment of Colombia's sustainability goals

  • Incorporate practices in Bancoldex’s operation that contribute to the mitigation of its environmental impacts and the strengthening of diversity and inclusion.

  • Manage the environmental and social risks derived from credit operations.

 

OUR SUSTAINABILITY STRATEGY 

 

BANCOLDEX SUSTAINABLITY STRATEGY 2030 IS EXPLEINED WITH THE FOLLOWING CONSTRUCTION:

 

 

 

 

 

BANCOLDEX SUSTAINABILITY IS A REALITY THANKS TO OUR STRATEGIC PARTNERS

 

 

Bancóldex is a pioneer in having a corporate governance as a fundamental element for our sustainability and competitiveness, which allows us to have a transparent, technical decision-making scheme that favors business sense. We seek to maintain a robust corporate governance system that is permanently strengthened and adapted to new challenges as part of the Bank's strategy, in accordance with the legal nature and our mandate.

 

All information related to the Bank's corporate governance can be found at the following link:   Learn more

 

Since 2012, Bancóldex has published its environmental, social and economic management to the different stakeholders, through our Sustainability Reports, prepared under the Global Reporting Initiative standards:

 

  Learn more

 

 

Bancoldex’s sustainable finances aim to include financial products and business training program portfolio to support the financing of sustainable investments of Colombian entrepreneurs. The sustainable finances or the conscious finances, contribute to the consolidation of a sustainable economic development model from a business perspective.

 

SUSTAINABLE FINANCE PILLAR TAKING INTO ACCOUNT:

 

 

 

 

 

 

 

 
 

BETS OR FINANCIAL OBJECTIVES

  • Efficiency energy and energy transition.
  • Circular economy.
  • Bioeconomy.
  • Climate change.

 

HOW?

  • Structuring of green projects
  • Development of green products and channels: for example, Green Leasing
  • Risk mitigations scheme
  • Non-Financial products

 

TRANSVERSAL ACTIONS

  • Access to concessional resources
  • Democratize sustainable knowledge
  • Interventions with a territorial approach.

 

SDG TRANSVERSAL IMPACT

 

 

 

BETS OR FINANCIAL OBJECTIVES

  • Gender equality: women
  • Diversity and inclusion: victims, disabled, minorities.
  • Development of green products and channels: for example, Neo-credit to women and minorities.
  • Guarantee schemes for vulnerable populations.
  • Non-financial products: Example: women's empowerment.

 

TRANSVERSAL ACTIONS

  • Innovation
  • Interventions with a territorial approach.

 

SDG TRANSVERSAL IMPACT

 

 

Bancoldex have an action front called Create and Grow, focused on creative and cultural industries.

 

BETS OR FINANCIAL OBJECTIVES

  • Consolidation of orange focus
  • Strategic alliances
  • Economic sector specialization:
  • Industries 4.0
  • Tourism
  • Fashion industry
  • Entertaiment industry

 

SDG TRANSVERSAL IMPACT

 

 
 
 

The Environmental and Social Management System (ESMS) includes policies, processes, methodologies, and organizational structure, that enable Bancoldex to identify, analyze, mitigate, and monitor environmental and social risks.

 

BANCOLDEX ESMS ECLUSION LIST

In the following areas Bancóldex does not offer financing for projects or companies:

 

A. ENVIRONMENTAL EXCLUSIONS

  1. Production or trade in ozone depleting substances subject to national or international phase-out or prohibition regulations or to an international ban (Under the Montreal Protocol).
  2. Transboundary trade in hazardous waste (Under the Basel Convention).
  3. Importation or manufacture of Polychlorinated Biphenyl Compounds (PCBs) (Under the Stockholm Convention).
  4. Production, trade or use in any product or activity subject to national or international phase-out or prohibition regulations or to an international ban in certain chemicals, pesticides, herbicides, and other toxic substances (Under the Rotterdam Convention, Stockholm Convention and WHO “Pharmaceutical: Restrictions in Use and Availability”).
  5. Production, trade, or use in unbonded asbestos fibers. This does not apply to the purchase or use of cement lining with bound asbestos and an asbestos content of less than 20% (Under the Colombian Law 1968 of 2019).
  6. Production or trade in pharmaceuticals subject to national or international phase -out or bans.
  7. Production or trade of radioactive material. This does not apply to the purchase of medical equipment, quality control equipment (measurement) and any equipment where Bancoldex considers the radioactive source to be trivial and/or adequately protected.
  8. Production, trade, storage, or transportation of significant volumes of hazardous chemicals or commercial scale use of hazardous chemicals.

 

B. BIODIVERSITY EXCLUSIONS

  1. Projects to be developed in areas that are part of the SINAP (National System of Protected Areas), and it does not have the permissions by the authority.
  2. Activities could be associated with significant, endanger or harm strategic ecosystems such as moors, tropical dry forests, wetlands (mangroves) and tropical rain forests, irreversibly or severely, and which lack the license or permit from the designed authority
  3. Production or trade in wood or other forest products from forests without a proper sustainable management plan.
  4. Production or trade wildlife or wildlife products regulated under Convention on International Trade in Endangered Species of Wild Fauna and Flora (Under CITES Convention)
  5. Logging operations in primary tropical moist forests for commercial purposes.
  6. Fishing methods or drift net fishing in the marine environment using nets more than 2.5 km. Illicit methods such as the use of toxic, explosive, and other hazardous materials that may endanger to human life or fisheries resources, such materials are also carried aboard ships. Fishing with gear, nets, trawlers, and instruments not authorized or with specifications that do not correspond to those permitted, or that while permitted are used in places other than those where they are allowed.

 

C. SOCIAL EXCLUSIONS

  1. Activities violate labor laws, principles, and rights fundamentals established by the International Labor Organization, include harmful child labor and/or incorporate discriminatory practices based on age, gender, political opinion, among others, or a violation of rights to free association and collective bargaining.
  2. Activities that threaten the lands owned by ethnic groups (indigenous, afro-Colombian, Raizals or ROM) or the lands are claimed under adjudication of these groups.
  3. Activities that violate the rights of ethnic groups.

 

D. ECONOMIC SECTORS EXCLUSION

  1. Production or trade of tobacco.
  2. Gambling, casinos and equivalent companies.
  3. Production or distribution of antidemocratic material.
  4. Business related to pornography or prostitution.
  5. Production or trade arms and munitions.

 

 

We are aware that our operation requires the consumption of natural resources that can have a negative impact on the environment. Consequently, we traced an eco-efficiency strategy through four lines of action:

 

  • Emission reduction

  • Waste management 

  • Sustainable procurement and supply

  • Culture

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