Company name

BANCOLOMBIA S.A.

Project number

13929-01

FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.

E&S category
tooltip

FI-2

Country

Colombia

Sector

Financial Institutions

Status

Proposed

Disclosed date

05/24/2022

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
tooltip

07/22/2022

Approval date

06/24/2022

Signed date

N/A

Sponsoring entity

N/A

Team leader

Reyes Correa, Sandra

Investment type

Syndicated amount

USD $ 21,054,600

Financing amount

USD $ 133,619,000

Currency

COP

Project scope and objective

The project consists of a financing in Colombian pesos (“COP”) of up to COP$640,000,000,000.00. The financing will have a tenor of five years with a bullet payment. IDB Invest may share the financing with other investors. The funds will be used to support the growth of Bancolombia’s sustainable finance portfolio and to finance its sustainability strategy.

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region.

Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

BANCOLOMBIA 13929-01 ESRS (ENG) FINAL

112.6 Kb

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region.

Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Catalina Tobón Rivera

POSITION

Director, International Banking

PHONE NUMBER

+571 4885950

EMAIL

Ctobon@bancolombia.com.co

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices