We are Committed to encourage and develop business models that solve social and environmental problems.
We generate positive impacts on society and the environment beyond our operation. We do this by building trust and mutually beneficial relationships with our stakeholders in the countries where we operate. Sustainable management is among our corporate strategic goals, through which we deliver higher value to people, businesses, communities and the environment, all framed in the achievement of our Higher purpose.
We incorporate corporate governance, social and environmental criteria into our business lines to promote development and growth in our Regional management. thus, we work by ensuring the Banks’s permanence over the long term. our sustainability strategy enables us to look towards the future by identifying opportunities and managing risks.
Standards and Memberships
The commitments listed below reflect good sustainability practices. Encouraged by our commitment to sustainability, we act to positively impact communities and ensure the wellbeing of generations to come, and we have become active parts of the following initiatives.
Subscribed to the sustainable protocols of the associations in the countries where we have a presence in order to consider the inclusion of sustainable development guidelines in the financial sector and work for environmental preservation and the sustainable use of natural resources.
The Global Compact
In 2007, Grupo Bolivar and its companies joined the Global Compact, the largest corporate citizenship initiative in the world. Four key elements:
– Human rights – Employment regulations – The environment – Fight against corruption
Dow Jones Sustainability Index (DJSI)
We are part of the Dow Jones Sustainability Index – DJSI, in the emerging markets category. This is one of the most important global indicators for sustainability and it is a benchmark for our sustainability strategy.
GRI Standard (Global Reporting Initiative)
We are part of the Global Reporting Initiative. The GRI standard established the first global guidelines to make sustainability memories for companies wanting to measure their economic, environmental, and social performance. We elaborated our sustainability report based on these guidelines.
Sustainable Development Goals (SDGs)
Since 2017, the Bank has prioritizes and measured its contribution to the accomplishment of SDGs. These Objectives have been created by Nations to contribute to the development of people, the planet, and prosperity.
Financial Alliance For Women (FAFW)
Since 2020 we have been the first bank to be a member of this international alliance of leaders of financial organizations dedicated to defending the female economy, the largest and fastest growing market in the world.
These organizations have become allies for the strengthening and financing of lines with environmental and social benefit in the countries where we have a presence.
Carbon Disclosure Project (CDP)
The Climate Disclosure Project (CDP) in Latin America measures the environmental performance of companies. Furthermore, it promotes good practices geared towards mitigating climate change.
Task Force on Climate-Related Financial Disclosures (TCFD)
Since 2020 we have adhered to the TCFD, a guide to identify opportunities, risks and impacts of climate change financing based on its main pillars: governance, strategy, risk management, metrics and objectives.
Principles for Responsible Investment (PRI)
In 2022, we joined PRI, an investor initiative in partnership with the United Nations Environment Programme Finance Initiative (UNEP) and the UN Global Compact, which promotes the incorporation of environmental, social and corporate governance factors into investment evaluation and decision-making processes.
UNEP Finance Initiative brings together a large network of banks, insurers and investors that collectively catalyses action across the financial system to deliver more sustainable global economies.
As part of its commitments of the Principles for Responsible Banking (PRB),
Davivienda has also chosen to join the Net-Zero Banking Alliance (NZBA)