ESG Governance Model

The report describes Grupo Bancolombia's continued TCFD-aligned climate disclosure and its climate governance arrangements. In 2022, it reported 3.73 trillion in disbursements for financing activities and described engagement with clients in emissions-intensive sectors. It also reported a commitment to reduce direct emissions by 73% by 2024 from a 2019 baseline and a goal of a net-zero emissions portfolio by 2050.