Bancolombia announced a $650 billion loan to Grupo Sura tied to sustainable performance indicators. The loan rewards the company's high maturity in ASG practices. Key metrics are verified by third parties to adjust financial terms.
Bancolombia granted Grupo Sura a $650 billion loan tied to sustainable performance indicators, known as Cads. This financing targets companies with high maturity in ASG practices—ambiental, social, and governance—and that track key metrics verified by third parties.
The bank stated that advancing on these goals allows Grupo Sura to access better financial terms. The company committed to three areas: reducing CO2 emission intensity in operations and financed emissions; strengthening sustainable investments in fixed income and real estate assets, particularly in insurance; and achieving positive levels in the Confidence Index, measuring stakeholder perceptions.
Mauricio Rosillo, Bancolombia's vice president of Business, said this financing acknowledges companies' efforts to improve sustainable practices and integrates financial performance with ASG value creation. Juan Esteban Toro, Grupo Sura's vice president of Corporate Finance, stated that promoting such operations transforms Colombia's financing model.
