Davivienda Bank (2025)
| Signing Date | 27 Jun 2024 |
| Region of Headquarters: | Latin America |
| Current EPFI Reporting Year/Period: | 2025 |
| Institutional Reporting: | Link to Report - Link to Additional Report |
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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: 2
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | 2 | ||
| Oil & Gas | |||
| Power | |||
| Others | |||
| Region | |||
| Americas | 2 | ||
| Europe, Middle East & Africa | |||
| Asia Pacific | |||
| Country Designation | |||
| Designated Country 4 | |||
| Non Designated Country | 2 | ||
| Both | |||
| Independent Review | |||
| Yes | 2 | ||
| No | |||
| Totals | 2 | ||
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
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.
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
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
Total number that reached Financial Close in the reporting period: 0
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 | Aeropuerto Internacional Rafael Nuñez | Infrastructure | Colombia | 2025 |
| 2 | Concesión Túnel Aburrá Oriente | Infrastructure | Colombia | 2025 |
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
Total number that reached Financial Close in the reporting period: 0
Implementation of the Equator Principles
As part of our sustainability strategy and within our Comprehensive Risk Management framework, we utilize the Environmental and Social Risk Management System (SARAS, per its acronym in Spanish). Managed by the Environmental and Social Risk Department under the Credit Risk Vice Presidency, SARAS reports directly to the Corporate Risk, Corporate Governance and Sustainability, Credit Risk, and Investment Committees.
Our business lines are responsible for originating operations, ensuring the delivery of required information, and conducting the Categorization process in accordance with the established SARAS methodology. The Environmental and Social Risk team acts as a specialized reviewer for projects subject to the SARAS Policy. This team is responsible for verifying environmental and social categorization, evaluating compliance with the IFC Performance Standards and the Equator Principles, defining contractual requirements, and monitoring commitments established in Environmental and Social Action Plans and client covenants. Credit approval authorities consider the results of these evaluations as part of their decision-making process, while Senior Management oversees the implementation of the framework through the corresponding committees.
Our SARAS methodology is aligned with the International Finance Corporation (IFC) Performance Standards and the Equator Principles, which we formally adopted in 2024. It incorporates an Environmental and Social Exclusion List based on multilateral banking benchmarks. Since its inception in 2011, we have continuously enhanced and extended our procedures across various management areas.
To advance the alignment of our existing policies with the Equator Principles framework, in 2025 the entire environmental and social risk team, along with the Internal Audit officer responsible for SARAS, completed specialized training on these principles. Furthermore, we made significant progress in raising awareness and training Senior Management and other involved departments, including the credit team responsible for evaluating project finance requests.
Following the validations and feedback received from Senior Management, the update of the SARAS policy under the Equator Principles framework for operations in Colombia and Central America was approved in 2025. This update serves as a fundamental cornerstone to continue strengthening compliance with this benchmark across all participating teams, while enhancing the comprehensive management of environmental and social risks in the projects we finance.
At the close of 2025, we evaluated 2 projects that met the financial thresholds of the Equator Principles, representing a total loan amount requested from the Bank of COP 737,500 million, both classified as Category A.
Our Internal Audit department contributes to the proper management of climate and nature-related matters through an independent assessment of the Internal Control System (ICS). This covers the identification, measurement, control, and monitoring of environmental, social, and climate risks, in accordance with the Annual Audit Plan approved by the Audit Committee. As a result of this autonomous and objective risk assessment—alongside the suite of standards adopted by the Bank under our commitment to the Equator Principles (EP) and the 2025 audit of the Environmental and Social Risk Management System (SARAS)—the final evaluation was rated satisfactory.
In 2026, we are focusing on aligning our operations with the requirements of External Circular 0015 of 2025 issued by the Financial Superintendence of Colombia (SFC). This regulation defines the guidelines for managing environmental and social risks, including climate-related risks, for supervised financial institutions. This regulatory framework aims to standardize and regulate the comprehensive management of environmental, social, and climate risks (both physical and transition risks) within internal control policies and credit operations. Its primary objective is to strengthen the sector’s capabilities to identify, measure, and mitigate these impacts in a timely manner, while robustly enhancing traceability and transparency in the disclosure of sustainability performance.