Reporting – Bancolombia S.A. (2015)

Adoption Date:11 December 2008
Country of Headquarters:Colombia
Region of Headquarters:Latin America
Institutional Reporting Hyperlink:http://www.grupobancolombia.com/wps/portal/about-us/corporate-information/sustainability/ecobank/

http://www.grupobancolombia.com/wps/wcm/connect/8710cbfb-9d5f-4c12-83a8-63c12c150fbb/Annual+Report+2015.pdf?MOD=AJPERES&CVID=liGCH0K
Current EPFI Reporting Year/Period:2015
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: 21

Totals10101
Totals10101
SectorCategory ACategory BCategory C
Mining
Infrastructure1081
Oil & Gas1
Power1
Others
RegionCategory ACategory BCategory C
Americas10101
Europe, Middle East & Africa
Asia Pacific
Country DesignationCategory ACategory BCategory C
Designated1
Non-Designated10101
Independent ReviewCategory ACategory BCategory C
Yes10101
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: http://www.equator-principles.com/index.php/ep3/designated-countries

PROJECT NAME REPORTING FOR PROJECT FINANCE TRANSACTIONS

21 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

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: http://www.equator-principles.com/index.php/ep3/designated-countries

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 social risk 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, gas stations, tanneries, energy production and highway infrastructure. 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.