Bancolombia Group Adopts The Equator Principles

Colombia - 11 December 2008

Bancolombia Group formalised its adoption of the Equator Principles, a voluntary set of guidelines (based on the International Finance Corporation’s Safeguard Policies and Performance Standards) in the financial industry to determine, assess and manage environmental and social risks in project financing. Bancolombia, the largest bank in Colombia, is the first Colombian financial institution to adopt the Equator Principles. The adoption of the Equator Principles is a key element of Bancolombia Group’s corporate strategy for environmental risk management. There are currently 63 adopting financial institutions from 25 countries. Bancolombia will make a formal assessment of the environmental and social impact of all projects that are financed through the bank. Additionally, Bancolombia will strive to promote environmental issues in Colombia from the financial system perspective.

Bancolombia and its affiliates are interested in being actively involved in the mitigation of adverse impacts on the environment and the society. Bancolombia Group wants to ensure that it adopts the best international practices for assessing the environmental and social risks of the projects it funds. In order to achieve these objectives, Bancolombia has adopted the Equator Principles. Unit of Corporate Communications December 11, 2008