Bancolombia S.A. (2022)

Signing Date 11 Dec 2008
Region of Headquarters: Latin America
Current EPFI Reporting Year/Period: 2022
Institutional Reporting: Link to Report

 

Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the EP 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 2 3
Oil & Gas
Power 10
Others 1
Region
Americas 2 14
Europe, Middle East & Africa
Asia Pacific
Country Designation
Designated Country 4
Non Designated Country 2 14
Both
Independent Review
Yes 2 11
No 3
Totals 2 14
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.

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 Project Location(s) Year of Financial Close
1 PLANTA FOTOVOLTAICA TUCANES Power Colombia 2022
2 PLANTA FOTOVOLTAICA CARACOLÍ Power Colombia 2022
3 PLANTA FOTOVOLTAICA PARQUE BRISA Power Colombia 2022
4 PLANTA FOTOVOLTAICA CERRITOS Power Colombia 2022
5 PLANTA FOTOVOLTAICA LOS CABALLEROS Power Colombia 2022
6 PLANTA FOTOVOLTAICA LA MEDINA Power Colombia 2022
7 PLANTA FOTOVOLTAICA LA UNIÓN Power Colombia 2022
8 PLANTA FOTOVOLTAICA LA MATA Power Colombia 2022
9 GRANJA SOLAR POLONUEVO Power Colombia 2022
10 CONCESIÓN PASTO - RUMICHACA Infrastructure Colombia 2022
11 CONCESIÓN PACÍFICO 2 Infrastructure Colombia 2022
12 INSTITUTO DE INFRAESTRUCTURA Y CONCESIONES DE CUNDINAMARCA – ICCU Infrastructure Colombia 2022
13 CONCESIÓN VÍAS DEL NÚS Infrastructure Colombia 2022
14 CONCESIÓN VIAL RUTA AL SUR, SANTANA - MOCOA - NEIVA, SMN Infrastructure Colombia 2023
15 C.I. SUNSHINE BOUQUET COLOMBIA S.A.S. Others Colombia 2022
16 GR SOLAR S.A.S. E.S.P - GRENERGY MONTELÍBANO SOLAR S.A.S. E.S.P. Power Colombia 2022

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

Committed to responsible and sustainable financing, Bancolombia 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. Its scope of application is the evaluation concerning the environment and natural resources, climate change, biodiversity, community health and safety, ethnic minorities, human rights and job security.

Bancolombia updated its internal processes and policies on Environmental and Social Risk Assessment to align with the fourth version of the Equator Principles and its entire application framework, approved by the Vice Presidency of Risks in October 2020. The update is based on the evaluation of Climate Change, Biodiversity, Human Rights, Transparency, Corporate and Government Ethics, in the Project financing and in ordinary operations, Corporate Credits, Bridge Loans and Financial Advisory, in the Corporate, Business and SME Banking units, Investment Banking, Leasing operations and receipt of guarantees and dations in payment, at the corporate level and in all the countries where we are present, preventing the risks associated with environmental liabilities in real estate where activities sensitive to environmental impacts.

The criteria, standards, parameters for risk categorization and structuring of environmental and social covenants are defined in each study using the tools generated by the Equator Principles and the 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 Bancolombia Environmental Committee, made up of risk, legal, commercial, sustainability, communications and other areas of interest for taking decisions, determine the viability, result, qualification and procedure to be carried out.

Regarding the analysis of socio-environmental risks and in accordance with the update of the Policy, the amount required to carry out the environmental and social risk assessment was reduced for operations over US $ 1,200,000 in the sectors: (i) Tanneries; (ii) Mining; (iii) Slaughterhouses and meat processing plants; (iv) Chemicals and agrochemicals; and (v) Iron and steel. Likewise, the amount was adjusted to US $ 4,200,000 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 units as well as to Leasing products.

There are also considered other productive sectors than those mentioned and that also have the potential to present socio-environmental risks and that can affect the payment of credit. These sectors are also subject to environmental authorizations, approvals, licenses and permits from local and national authorities. Some of these sectors are: (i) Brick and clay production; (ii) Transportation and storage of dangerous substances; (iii) Food sector; (iv) Animal feed production plants; (v) Wild animal 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 at the request of commercial units, attribution entities, credit risk managers, origination managers, legal areas, assets, sustainability, compliance, and customer engagement, as long as the request is reasonably supported.