Bancolombia S.A. (2021)

Adoption Date: 11 Dec 2008
Country of Headquarters: Colombia
Region of Headquarters: Latin America
Current EPFI Reporting Year/Period: 2021
Institutional Reporting: Link to Report

 

Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the Equator Principles Association website.

Further information on this EPFI may be obtained through the Institutional Reporting hyperlink.

Project Finance Advisory Services

Total number mandated in the reporting period: 0

Project Finance Transactions

Total number that reached Financial Close in the reporting period: 16

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure 5 2
Oil & Gas
Power 7 1
Others 1
Region
Americas 12 4
Europe, Middle East & Africa
Asia Pacific
Country Designation
Designated Country4
Non Designated Country 12 4
Independent Review
Yes 11 3
No 1 1
Totals 12 4
1

Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.

2

Category B – Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.

3

Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.

4

Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment. See list of Designated Countries.

Project-related Refinance & Project-related Acquisition For Project Finance

This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.

Project Name Reporting For Project Finance (And Project-related Refinance & Project-related Acquisition Finance For Project Finance)

No. Project Name Sector Country(s) Year of Financial Close
1 Bosques Solares de los Llanos I Power Colombia 2021
2 Bosques Solares de los Llanos II Power Colombia 2021
3 Bosques Solares de los Llano III Power Colombia 2021
4 Planta Solar Planeta Rica Power Colombia 2021
5 Proyecto Helios Fase I Power Colombia 2021
6 Generadora Cantayús Power Colombia 2021
7 Bosques Solares de los Llanos IV y V Power Colombia 2021
8 Álamo Líneas de Fibra Óptica Power Colombia 2021
9 Hospital de Bosa Infrastructure Colombia 2021
10 Concesión vial Río Magdalena 2 Infrastructure Colombia 2021
11 Concesión vial de la Sabana Infrastructure Colombia 2021
12 Concesión vial Cambao - Manizales Infrastructure Colombia 2021
13 Concesión vial Túnel Aburrá - Oriente Infrastructure Colombia 2021
14 Concesión vial Santa Marta - Riohacha Infrastructure Colombia 2021
15 Concesión vial Pasto - Rumichaca Infrastructure Colombia 2021
16 Copalta Snacks Others Colombia 2021

Project-Related Corporate Loans

Total number that reached Financial Close in the reporting period: 0

Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans

This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.

Implementation of the Equator Principles

Bancolombia, committed to responsible and sustainable financing, since 2008 has adopted the Equator Principles and the Performance Standards of the International Finance Corporation – IFC, as applied standards for the identification, evaluation and management of environmental and social risks and impacts implicit in the operations and projects that we finance. Our scope of application is the evaluation concerning the environment and natural resources, climate change, biodiversity, community health and safety, ethnic minorities, human rights and labor security. Likewise, it is part of the Global Compact of the United Nations Organization, the United Nations Environment Program – UNEP-FI, the Dow Jones Sustainability Index, has an alliance with the World Wildlife Fund – WWF, the Partnership for Carbon Accounting Financials – PCAF and actively participates within the Green Protocol of the National Government and has committed itself to the principles of environmental and social sustainability.

It manages its internal processes and policies on Environmental and Social Risk Analysis aligned with the fourth version of the Equator Principles and its entire application framework, approved by the Vice Presidency of Risks in October 2020, and updated in November 2021. The update It is based on the description of those activities that require Environmental and Social Risk Assessment, environmental risk studies for the receipt of guarantees, dations in payment and assets delivered via leasing, preventing the risks associated with environmental liabilities in real estate where activities sensitive to environmental impacts they are developed.

In the same way, it strengthens the evaluation of Climate Change, Biodiversity, Human Rights, Transparency, Corporate and Government Ethics, both in the financing of Projects and in ordinary operations, Corporate Credits, Bridge Credits and Financial Advisory, in the Corporate Banking, Business Banking, SME Banking, Investment Banking and Leasing operations business units, at a corporate level and in all the countries where we have a presence.

The criteria, standards, risk categorization parameters and structuring of environmental and social covenants and clauses are applied for each study through the tools generated by the Equator Principles and the IFC Performance Standards, adjusted to the needs of Bancolombia, local regulations, the country and the region.

For those operations that require it, the Vice Presidency of Risks may present the evaluation of a project or activity to the Sustainability Committee, made up of the risk, legal, commercial, sustainability, communications and other interested teams for the decision and determine the feasibility, result, qualification and procedure that will be carried out.

In accordance with the application of the Policy, the amount required to carry out the environmental and social risk assessment was maintained for those operations greater than US $1,000,000, in the following sectors: (i) Tanneries; (ii) Miner; (iii) Animal slaughter plants; (iv) Chemicals and agrochemicals; and (v) Steel. Likewise, the amount was maintained at US $3,750,000 in the sectors: (i) Energy; (ii) Sugar mills; (iii) Oil palm; and (iv) Paper and cardboard. These conditions apply to the operations of Corporate, Business, SME and Investment Banking as well as Leasing products.

They are additional productive sectors than those mentioned and that also have the potential to present environmental and social risks and are subject of authorizations, approvals, licenses and environmental permits, from local and national authorities. Some of these sectors are: (i) Brickyard; (ii) Transport and storage of dangerous substances; (iii) Food sector; (iv) Animal feed production plants; (v) Wilf animals farms for commercial purposes; (vi) Poultry and pig farming; (vii) Textile plants; (viii) Forestry activities; (ix) Fishing and tuna; and (x) Health sector. For the above sectors, environmental and social risk assessments are carried out upon request, if the request is reasonably supported.