From risk to opportunity: ESG strategy at Banco de Bogotá

What it is about

A webinar organized by the Club’s ESG Risk Working Group on how environmental, social and governance risks have stopped being only a compliance issue and become an enabler of strategy, innovation and value creation in the financial sector. Marcela Villegas Conde, Vice President of Risk and Compliance at Banco de Bogotá, shares the institution’s journey and the lessons learned in integrating ESG into integrated risk management.

The session walks through frameworks and practices for moving from risk to opportunity: the evolution of SARAS, the incorporation of climate risk and nature-related risks (TNFD), the Net Zero strategy, and the role of sustainable funding (thematic bonds, performance-linked loans) in driving the green and social portfolio. It also discusses recent regulatory guidelines in Colombia (Circular Externa 015 of 2025) and reflections on incentives, internal adoption and client maturity.