A long-term commitment to climate action and sustainability in Latin America, built on years of experience and successful projects in Colombia.
2024 marks a major milestone in ImplementaSur’s more than seven-year journey advancing climate action: the opening of our new office in Bogotá, Colombia. This step comes during a pivotal phase of expansion, driven by the addition of new talent and resources to our team to further support climate action across the Global South.
This year, we’ve participated in high-level events, including the 2024 UNEP FI Regional Roundtable Latin America & Caribbean, the 58th Banking Convention hosted by Asobancaria in June, and the VII Sustainability Summit in Cali in July. These opportunities have helped us strengthen existing relationships, forge new ones, and deepen our understanding of the local context—essential for adapting our solutions and delivering effective advisory services to financial institutions in Colombia.
Our track record in the country already includes key work with the Colombian financial sector. In collaboration with Asobancaria, the Colombian Banking and Financial Institutions Association, we helped define a baseline year for financed emissions across the sector and supported the development of internal reduction targets for emissions-intensive sectors such as energy. This initiative offered us an in-depth understanding of Colombia’s financial system and provided guidance to Asobancaria on managing the sector’s carbon footprint more effectively.
We also worked with Bancóldex throughout 2023 and 2024 to develop a climate strategy aligned with Colombia’s national climate goals, the commitments set by the Financial Superintendence of Colombia, and the bank’s own business objectives. This comprehensive project included a gap analysis; calculation of the bank’s carbon footprint; assessment of key climate-related risks and opportunities in the bank’s portfolio; development of risk and opportunity matrices; and design of a strategy to address transition risks.
It’s clear that Colombia—like much of the region—faces complex challenges in the current climate landscape. Climate change is emerging as an increasingly urgent threat, impacting multiple sectors. In this context, the financial sector plays a pivotal role as a driver of change. Strengthening its capacity to lead the transition toward a more resilient and sustainable economy—and to turn today’s challenges into sustainable development opportunities—is a mission we continue to pursue with determination.
Our goals in Colombia are aligned with our broader vision of leadership in climate management. This includes building and sustaining long-term relationships with key actors in the country—local governments, the private sector, and civil society—and positioning ourselves as a trusted partner in the design and implementation of climate strategies that promote economic development through a just and sustainable transition.
