Bancoldex's Energy Savings Insurance programme: Claudia Gutierrez, Bancolex.pdf
WE ARE COLOMBIA’S
BUSINESS DEVELOPMENT
BANK
We support MSMEs
operation, the
internationalization of
Colombian companies and
we promote sustainable
development to boost the
economic growth of the
country
We support
sustainable
development in
Colombian businesses
We finance foreign
trade and
entrepreneurial
sector
internationalization
We promote
MSMEs
productivity
We are a public policy
Instrument for Colombia’s
entrepreneurial
ecosystem
BANCÓLDEX’S CORPORATE STRATEGY
CORPORATE GOVERNANCE
SUSTAINABLE FINANCE AND RESPONSIBLE INVESTMENTS
GREEN
GROWTH
Energy Efficiency
and transition
instruments
SOCIAL
WELFARE
CREATIVE &
CULTURAL
INDUSTRIES
EFFICIENT MANAGEMENT
ENVIRONMENTAL AND SOCIAL RISKS
Bancóldex's sustainability strategy encompasses the following
pillars:
BANCÓLDEX'S
MOTIVATION
1
Bancóldex is a public policy instrument. The Bank provides financing to business projects
that contribute to climate change management, aligned with Bancóldex's sustainability
strategy.
Focus on the transformation of the energy matrix in Colombia.
Bancóldex as a development bank acts as an articulating agent. The Bank focuses on
structuring financial and non-financial products with the participation of public, private
international, national, and territorial actors.
Bancóldex as a development bank focuses on business development. The bank
promotes the productivity and competitiveness of Colombian companies with a
sustainable approach.
2
3
Energy Savings Insurance Program (ESI)
Seeks to promote investment in energy efficiency in Colombia, primarily through SMEs. It focuses
on developing an innovative scheme of guaranteed energy performance that mitigates project risk
and generates investor confidence (ESI Model).
Energy Savings Insurance
Program
Validation
methodologies
1. Reducing the
entrepreneur's distrust
Energy insurance
policy
3. Mitigating the possibility of
not generating savings
Structuring of energy
savings agreement
2. Contributing to create
minimum legal standards for
the commitments between
technology sellers & buyers
Credit line
4. Financing energy
efficiency projects
ESI
PROGRAM
ESI
Energy Savings Insurance
PROGRAM
RESULTS
USD 20 million
Disbursed through the credit line for
hotels, clinics and hospital (as of
2019)
8 departments
Antioquia (35,4%),,Atlántico
(29%), Santander (12%)
Geographical
Coverage
280 energy
insurance policies
as of October 2022
Technologies
• LED lighting
• Boilers
• Air conditioning equipment
• Implementation of air conditioning
control systems
• Energy cogeneration
• Thermal solar panels (for water
heating or swimming pool heating)
• Photovoltaic solar panels
Impact
6.000 ton CO2 eq