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The Dow Jones Sustainability Indices (DJSI), as explained by their creators, are a family of world-class benchmarks for investors who have recognized that sustainable business practices They are critical to generating long-term value for shareholders who wish to reflect their sustainability convictions in their investment portfolios.
The family of indices was launched in 1999 as the first global sustainability benchmark and tracks the performance of the stocks of the world’s leading companies in terms of economic, environmental and social criteria.
Created jointly by S&P Dow Jones Indices and SAM, the DJSI combines the expertise of an established index provider with the expertise of a Sustainable Investing specialist to select the most sustainable companies across 61 industries.
The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios and provide an effective participation platform for investors who want to encourage companies to improve their corporate sustainability practices, the firms explained on their website.
The recognition to Bancolombia was awarded for the second time in its history.
As happened in 2018, the entity once again leads the index in its sector, and with this result, Bancolombia confirms itself as an international benchmark and realizes the importance of consistently influencing business actions to social and environmental well-being of the territories in which it is present.
“We have the purpose of promoting sustainable economic development to achieve the well-being of all. Hence, with the interest of aligning ourselves with the best global sustainability standards, year after year we present ourselves to the Dow Jones Sustainability Index. Obtaining the first place once again is the reflection of a work dedicated to placing sustainability in the DNA of our work ”, said Juan Carlos Mora, president of Grupo Bancolombia.
Some of the most recent actions carried out by the Group that materialize this recognition are:
Through its president, Juan Carlos Mora Uribe, the Bancolombia Group is invited by the Secretary General of the United Nations to be part of the Global Investors Alliance for Sustainable Development (GISD), in which 30 CEOs from the five continents They are working to free up trillions of dollars from the private sector through novel market mechanisms to finance the Sustainable Development Goals (SDGs).
The entity defines before the UN its commitment to mobilize at least $ 500 billion, through credit and other financial services aligned with the Sustainable Development Goals, in the next 10 years.
These resources will focus on: strengthening the competitiveness of the productive fabric, building more sustainable cities and communities, and promoting financial inclusion.
To date, in addition, in Colombia, the entity has three green and sustainable bond issues for a total amount of 1.3 trillion pesos.
It also met the goal of reducing water consumption by 50% by 2020, which is equivalent to one day of body water for 108 million people or daily water for body consumption per year for a population of 300,000 inhabitants.
History of Grupo Bancolombia on the Dow Jones:
2020: Bancolombia is invited to participate in the evaluation and achieves first place worldwide.
2019: Bancolombia reaches fourth place worldwide, just one point behind the leader.
2018: Bancolombia becomes for the first time the most sustainable bank in the world.
2017: the organization reaches 90 points.
2016: the score obtained was 92, 3 points behind the leader.
2015: the score reaches 87 and Bancolombia becomes the most sustainable bank in America and fifth in the world.
2014: with a score of 83, Bancolombia is 11 points behind the leading bank.
2013: the organization confirms its presence in the index with 83 points.
2012: Bancolombia enters the index with a score of 81 out of 100, which means obtaining a level of sustainable performance with high economic, social and environmental standards.
2011: the organization does not give up its efforts to improve sustainability and scores 75 out of 100 points.
2010: Obtains a score of 67 out of 100.
2009: Bancolombia participates for the first time: it obtains a score of 55 out of 100.
2008: the entity is invited to participate in the evaluation.
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