En Es

Environmental Management

 

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:

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The results of the measurements were:

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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:

  • 432 trees were planted, 266 more trees than in 2017, which represents an increase of +133% YoY and offsets approximately 154 tons of CO2, equivalent to 44% of the integrated entity’s carbon footprint.
  • Adequate waste disposal for recycling was encouraged among the employees through different campaigns to raise awareness.
  • The process of changing to LED lights was started in the Calle 26 office, which will be continued in 2019.
  • Different collection points for contaminating material, such as batteries and cellphone chargers, were facilitated.
  • Since 2017, the Company has not purchased disposable plastic utensils and cups for its employees for the consumption of water and hot drinks.
  • In 2018, the integrated entity started the company bus service for its employees, hired with a transportation operator that carries out the vehicle safety inspections required by law and provides 16 vehicles for 122 people. Therefore, 34% of employees use the company buses as a transportation alternative, preventing the use of their own vehicles and other modes of transportation.
  • The use of videoconferences increased by more than 31,400 minutes (+44% YoY), decreasing the demand for land and air transportation.
  • The Company increased its paper use by 3.8% in 2018, explained by the greater activity required by the bvc-deceval integration process and the continuous presence of the different corporate projects. As electronic invoicing was not started until December 2018,the expected impact on the reduction of paper use was not seen. However, it is expected that electronic invoicing will have a positive impact on the reduction of paper use at both the Exchange and the Depository in 2019.

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.