Bancolombia SA

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Direct Lobbying Transparency

Overall Assessment	Comment	Score
Strong	Bancolombia SA provides a solid level of transparency around its climate-related lobbying. It identifies concrete policy initiatives it engages with, including Colombia’s “Green Protocol” for the banking sector and the government-led “Green Growth Mission,” and it describes its ongoing review of energy-efficiency legislation for the industrial sector, demonstrating openness about the key rules it seeks to influence. The bank also explains in detail how it lobbies: it participates in monthly committees, sits on the SISCLIMA financial committee, and channels its views through industry groups such as the environmental committee of ANDI, ANDESCO and the Medellin Chamber of Commerce, while submitting formal comments on draft bills to the National Planning Department and other government bodies. Finally, it discloses the outcomes it is pursuing – developing a financial mechanism to fund government-selected climate projects, supporting Colombia’s goal of cutting emissions 20 % by 2030, and pushing for stronger energy-efficiency measures in industry – making clear the specific policy changes it wants to see. Together, these elements show consistent and detailed disclosure of the policies addressed, the mechanisms used, and the results sought in its climate lobbying activities.	3

Lobbying Governance

Overall Assessment	Comment	Score
Moderate	Bancolombia SA describes a process to align its policy engagement with its climate objectives by explaining that it “engage[s] with local and international organizations leaders in the climate change agenda that consolidate the voice of the financial and real sector in order to bring the priorities of the climate agenda to try to influence local policies, law or regulations,” and that it “are part of the working groups that generate these deliverables in order to guarantee that they are consistent with our climate change strategy.” The bank also confirms a “public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement.” However, the company does not disclose any internal oversight body or named individual responsible for reviewing or approving these lobbying or engagement activities, nor does it describe monitoring procedures or criteria for aligning its direct or indirect lobbying with its climate change strategy beyond these external collaborations.	2