Environmental

Climate Change

At Davivienda we are committed to one of the most important issues for the planet: climate change.

That is why in our own operations and for our clients, we encourage activities that reduce greenhouse gas emissions, as well as projects to mitigate and adapt to climate change, in order to contribute to the transition to a resilient and low-carbon economy.

For several years we have been working to strengthen our strategy and have participated in relevant scenarios for this issue, such as the Green Protocol. Additionally, each year we complete the CDP (Carbon Disclosure Project) climate change questionnaire and the Dow Jones sustainability questionnaire, a global benchmark that has highlighted our results in the environmental dimension.

As part of the progress of our climate change strategy, in 2020 we adhered to the TCFD, committed to continue advancing actions that allow us to mobilize our customers and all of us to be part of the fulfillment of the global goals. In 2021 we will publish our first report under this reporting framework.
Read our TCFD report

SARAS
We identify and mitigate environmental and social risks in the financing of sensitive projects and sectors.

The Environmental and Social Risk Management System – SARAS is part of Davivienda’s risk management framework; it includes policies and procedures with scope in the evaluation of credit granting in the corporate, construction and business segments, in the evaluation of investment decisions and management of strategic suppliers.
The SARAS methodology establishes policies, considering amounts, terms, sensitive activities, and local regulations, when required by credit approval bodies; it is also aligned with IFC standards, performance standards and exclusion list and includes procedures and work plans for climate change risk management and human rights risk management.

In 2021, we evaluated 338 projects for COP 12.5 billion, with a 56% increase in new evaluations and continued monitoring of 891 projects through SARAS in the countries where we have a presence.

Eco-efficiency and Circular Economy

We adopt effective solutions in our operations to prevent, mitigate and compensate for the environmental impacts we generate.

The objective of our eco-efficiency strategy is to achieve the efficient use of natural resources and contribute to the mitigation of climate change through programs and initiatives that integrate a culture of efficiency and the use of technological solutions in the organization.

-In Colombia, we invested COP 10.1 billion in technologies to achieve greater energy and water efficiency. In Central America, this investment was USD 51.4 thousand.
-We offset 76% of our carbon footprint generated in 2021 in Colombia by investing in forestry and clean energy projects.
-In Central America, we continued to contribute to the protection of biodiversity through our participation in the sea turtle conservation programs in Costa Rica and El Salvador, the mangrove conservation program in El Salvador, and the reforestation of La Tigra National Park in Honduras.
-Through the specialized utility management project implemented in Colombia, we generated savings of COP 1.3 billion by reducing consumption.