Grupo Aval Discloses Sustainability Practices in 6-K Filing

TL;DR

Grupo Aval dropped its sustainability report chapter detailing ESG and climate practices.

AI Summary

Grupo Aval Acciones y Valores S.A. filed a Form 6-K on March 20, 2024, to report on its sustainability practices. The filing includes a chapter from its Sustainability Report detailing policies, processes, and indicators related to social and environmental issues, including climate change. This report is for the month of March 2024.

Why It Matters

This filing provides investors with insights into Grupo Aval's commitment to environmental, social, and governance (ESG) factors, which are increasingly important for investment decisions.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of sustainability information and does not contain significant financial or operational news that would immediately impact risk.

Key Players & Entities

• Grupo Aval Acciones y Valores S.A. (company) — Filer of the 6-K report
• 0000950103-24-004044 (filing_id) — Accession number for the SEC filing
• March 2024 (date) — Reporting period for the 6-K
• Bogotá D.C., Colombia (location) — Principal executive office location

FAQ

Key Financial Figures

• $21 billion — h a debt limit greater than or equal to $21 billion pesos. Through a form, they collect inf
• $31 — d amount at the end of December 2023 is $31 trillion pesos. During 2023, Banco de

Filing Documents

• dp208527_6k.htm (6-K) — 354KB
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• 0000950103-24-004044.txt ( ) — 1132KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report Of Foreign Private Issuer Pursuant To Rule 13a-16 Or 15d-16 Of The Securities Exchange Act Of 1934 For the month of March 2024 Commission File Number: 001-36631 Grupo Aval Acciones y Valores S.A. (Exact name of registrant as specified in its charter) Carrera 13 No. 26A - 47 Bogotá D.C., Colombia (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F X Form 40-F GRUPO AVAL ACCIONES Y VALORES S.A. TABLE OF CONTENTS ITEM 1. Sustainability Report Chapter On Practices, Policies, Processes, and Indicators in Relation to Social and Environmental Issues, Including Climate Issues Item 1 PRACTICES, POLICIES, PROCESSES, AND INDICATORS IN RELATION TO SOCIAL AND ENVIRONMENTAL ISSUES, INCLUDING CLIMATE ISSUES (CHAPTER EXTRACTED FROM SUSTAINABILITY REPORT) GRUPO AVAL ACCIONES Y VALORES S.A. Practices, policies, processes and indicators in relation to social and environmental issues, including climate issues (Chapter Extracted from Sustainability Report) CONTENT 1. Introduction 3 2. Sustainability Strategy 3 2.1. Double Materiality at Grupo Aval 3 2.2. Action to Achieve the Sustainable Development Goals (SDGs) 5 2.3. ESG Endorsements and Rankings 6 2.4. Stakeholder Management 7 3. ESG Risk Management 9 3.1. Environmental and Social Risk Management System – ESRMS 9 3.2. Climate Change Risk 9 4. Cybersecurity 11 5. Environment 14 5.1. Energy Management 14 5.2. Management of GHG emissions (Greenhouse Gases) 15 5.3. Financed emissions 17 5.4. Climate Change Management 17 5.5. Water Resource Management 25 5.6. Waste Management 25 5.7. Articulated Work with our Banks 27 5.8. Supplier Management 27 5.9. Analysis of Assets Under Management under Social and Environmental Criteria 28 6. Social Value Creation 29 6.1. Financial Inclusion and Education 29 6.2. Financial Education 31 6.3. Social Investment 32 6.4. Diversity, Equity, and Inclusion 33 6.5. Gender Equity 34 6.6. Coordinated Work with our Banks 36 SASB Content 37 2 Practices, policies, processes and indicators in relation to social and environmental issues, including climate issues (Chapter Extracted from Sustainability Report) 1. Introduction The content of this report corresponds to an extract from the management and sustainability report, which describes Grupo Aval's Sustainability strategy, addressing the material issues prioritized with a vision of double materiality and the most relevant elements of our environmental and social management during 2023. Likewise, we will communicate the main activities, initiatives, challenges, and achievements in social, environmental and governance matters that are executed through our entities and that we consider relevant for our shareholders and investors. We incorporate SASB indicators corresponding to the Commercial Banks industry. This is due to the fact that the banking services segment represents 79.8% of assets at the consolidated level. However, we incorporate indicators from the Asset Management & Custody Activities industry, including Corficolombiana information. 2. Sustainability Strategy The Holding Company's Sustainability strategy is aligned with global and local changes in the industry. Our strategy has matured in ESG management since 2019, evolving from stage 1 (basic) to stage 4 (integrative). This improvement is the result of the implementation of actions aimed at strengthening collaborative relationships with the environment, validations with stakeholders, compliance with regulations and aligning business strategy and financial planning with material topics, tending to the generation of economic, environmental, and social value. Over the next few years, we will continue to work to strengthen the Group's strategy, responding to the needs of the environment and our entities, through the continuous monitoring of the commitments made in order to reach the 5th stage of maturity (transformative). 2.1. Double Materiality at Grupo Aval In 2023 we updated the materiality of the Holding, extending the scope of the exercise carried out in 2019, to the vision of double materiality. We did it following best practices in the sector, where we must consider not only the impact that the business can generate on the environment and society, but also the impact that the environment can generate on the business and financial materiality. The main inputs of the analysis were the relevant aspects expressed by the main stakeholders: entities, directors, collaborators, shareholders, investors, opinion leaders, government, and regulatory bodies. We collect this information through interviews, surveys, and workshops. We also consider the ESG actions of the entities, best practice

View Full Filing

View this 6-K filing on SEC EDGAR