In 2018, bvc reinforced its commitment to the environment, driving initiatives for environmental protection and conservation. The environmental management initiatives include the proposal for sensible use of natural resources and the implementation of actions to minimize the negative impact that business activity of the capital market can have on the environment.
The bvc environmental initiatives focused on environmental principles and good practices to train and raise the awareness of employees to reduce the carbon footprint, also including our providers.
Therefore, as a result of the integration, the Exchange and the Depository unified their environmental management programs, standardizing the best practices from both companies. Therefore, in 2018, they worked with Fenalco Solidario on the implementation and unification of the carbon footprint measurement program of the integrated entity under the Investor Relations and Sustainability Department with the support of the Administrative Department.
Monitoring and improvement includes the development of recommendations to reduce the carbon footprint, coordinating internal and external campaigns for reasonable use of resources. The expected outcome is the gradual reduction of the annual measurements of greenhouse gases from the Company’s direct and indirect emissions. The measurements were taken for each one of the following aspects for bvc and deceval offices in Bogota, Medellin and Cali:
The results of the measurements were:
Initiatives to Reduce the carbon footprint
In 2018, the Exchange and the Depository developed several initiatives that partly offset the carbon footprint of the bvc Group:
Consequently, bvc and deceval ended 2018 with a certification of carbon footprint measurement issued by Fenalco Solidario. This aimed to obtain the quantification and qualification of the greenhouse gases (GHGs) generated by the Exchange and the Depository in order to offset the carbon footprint of their operations. Therefore, the bvc Group hopes to progressively increase the offsetting of its carbon footprint through different initiatives until it becomes carbon neutral in the near future.