Reporting – Bancolombia S.A. (2017)

Adoption Date:11 December 2008
Country of Headquarters:Colombia
Region of Headquarters:Latin America
Institutional Reporting Hyperlink:Environmental and social risk management report 2017
Current EPFI Reporting Year/Period:2017
EPFI Reporting in Compliance:Yes

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 above.

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: 10

Totals550
Totals550
SectorCategory ACategory BCategory C
Mining
Infrastructure11
Oil & Gas
Power33
Others11
RegionCategory ACategory BCategory C
Americas55
Europe, Middle East & Africa
Asia Pacific
Country DesignationCategory ACategory BCategory C
Designated1
Non-Designated55
Independent ReviewCategory ACategory BCategory C
Yes55
No

1Designated 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. For the list of Designated Countries, go to: https://www.equator-principles.com/index.php/ep3/designated-countries

PROJECT NAME REPORTING FOR PROJECT FINANCE TRANSACTIONS

10 projects were not disclosed as per the disclosure conditions specified in Annex B of the Equator Principles

PROJECT-RELATED CORPORATE LOANS

Total number that reached financial close in the reporting period: 0

IMPLEMENTATION OF THE EQUATOR PRINCIPLES

We prevent and mitigate indirect social and environmental risk that could arise with projects and activities
that we finance for our clients and investors, while identifying business opportunities that entail a positive
impact on the environment. We shall focus on evaluating environmental, social and industrial
safety issues, following regulatory guidelines and international standards, and in so doing comply with
our commitment to the Equator Principles. As a result of a joint effort in conjunction with our Legal
and Risk Management Departments, we included environmental clauses and covenants in contracts signed
in the fields of investment banking, leasing, corporate banking and SME banking, applying due diligence to
the monitoring of the environmental and social handling of the projects thus financed.

We continued to uphold our environmental and socialrisk management policy with regard to receiving guarantees and collateral for loans, which in turn mitigates the risk inherent to property thus received from sectors that are highly subject to causing environmental and social impacts.

So as to ensure that our environmental and social risk assessment policies remain uniform across borders, we presented the project evaluation model currently used by Bancolombia to the Risk Management Departments of Banco Agro Mercantil (Guatemala), Banco Agrícola (El Salvador) y Banistmo (Panama).

In order to bolster our environmental and social risk assessment policy, we defined and implemented
a new scope for our SME Banking Division, placing special emphasis on sectors such as mining, oil and gas, chemicals and agrochemicals, gas stations, tanneries, energy production, highway infrastructure, cement, and steel. We also updated our procedures, instruction manuals and forms to fully comply with the mentioned policy, extending these assessments to include eco-system services and how these may be affected or could affect the projects that we finance.

Environmental and social risk management report 2017:

https://www.grupobancolombia.com/wps/wcm/connect/d033093f-aa4f-4044-9063-16e9f10075f7/ENVIRONMENTAL+AND+SOCIAL+RISK+MANAGEMENT+2017.pdf?MOD=AJPERES&CVID=md1moE6