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Last update: 2024-02-05 00:00:00

Active

This profile is actively maintained

Last update: 2024-02-05 00:00:00

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About

Website	https://www.grupobolivar.com.co
Headquarters	Av. El Dorado No. 68 B 31 Piso 10 Bogota Colombia
CEO/chair	Miguel Cortés Kotal President and Managing Director
Supervisor	Banco Central de Bolivia
Ownership	listed on Bolsa de Valores de Colombia Grupo Bolivar's largest shareholder is Fundacion Universidad Externado de Colombia (26.63%). The bank's complete shareholder structure can be accessed here.

Grupo Bolivar, established in 1939, is a Colombia-based holding company engaged in the financial sector. Grupo Bolivar's main activities comprise the investments in real estate, stakes in other companies, fixed income bonds and property rights, among others. It is also involved in the commercial banking sector and insurance.

Sustainability

Commitments

Policies

Voluntary standards

Grupo Bolivar's most important sustainability commitments can be found at the website sections listed below.

Links

Sustainability

Human Rights Policy

Bank policy

2019-05-24 00:00:00 | Banco Davivienda (subsidiary of Grupo Bolivar)

Corporate social responsibility policy

Bank policy

2011-02-28 00:00:00 | Grupo Bolivar

Grupo Bolivar has committed itself to the following voluntary standards:

Global Reporting InitiativeTags: sustainable development | human rights

News

BankTrack

Partners

Blog

External

Blog

BankTrack news BankTrack blog Partner news Partner blog

New benchmark from BankTrack shows Latin American banks falling short on human rights

All 17 Latin American banks assessed are meeting fewer than half of their responsibilities under the UN Guiding Principles

2024-03-12 | Nijmegen | BankTrack

Resources

Documents

Annual report 2023

Annual report

2024-05-07 00:00:00 | Grupo Bolivar

Annual report 2022

Annual report

2023-05-15 00:00:00 | Grupo Bolivar

Human Rights Policy

Bank policy

2019-05-24 00:00:00 | Banco Davivienda (subsidiary of Grupo Bolivar)

Corporate social responsibility policy

Bank policy

2011-02-28 00:00:00 | Grupo Bolivar

Accountability

Grievances

Grupo Bolivar does not operate a complaints or grievances mechanism for individuals or communities that might have been affected by its finance.

This page evaluates Grupo Bolivar's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed

Responded?

Total score

Response

Action

Monitoring

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Banks and Human Rights

BankTrack assessed Grupo Bolívar (Banco Davivienda) in its 2024 Human Rights Benchmark Latin America, part of the series of BankTrack's Regional Benchmarks, where it achieved 4 points out of 14 and was ranked as a follower.

The BankTrack Human Rights Benchmark Latin America

BankLast update

Country

Score

Ranking

Details

Grupo Bolivar

COL

Follower 4

Explanation

Laggard

Follower

Moderate achiever

Leader

0 - 3 points

3.5 - 6.5 points

7 - 10 points

10.5 - 14 points

For more details see this page.

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Links

Sustainability

Human Rights Policy

Corporate social responsibility policy

New benchmark from BankTrack shows Latin American banks falling short on human rights

Annual report 2023

Annual report 2022

Human Rights Policy

Corporate social responsibility policy

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Banks and Human Rights

The BankTrack Human Rights Benchmark Latin America

Human Rights Benchmark Latin America 2024