The Board of Directors is the highest body that oversees the risks and opportunities related to climate change, supported by four committees:
1. The Corporate Governance and Sustainability Committee.
2. The Audit and Risk Committee.
3. Talent, Culture and Innovation Committee.
4. Finance and Investment Committee.
Seeks to harmonize the operations of GEB and its subsidiaries with the mitigation and adaptation objectives of the countries in which it operates.
The GEB and its subsidiaries support the governments of their respective countries in meeting their Nationally Determined Contributions (NDCs) for reducing emissions by 2030. The GEB's emission mitigation strategies prioritise reducing emissions during operation, taking into account the technological and financial realities of each subsidiary.
Emission reduction targets to 2030
The following graph shows total GEB emissions in 2024, by category (1 to 5). Taking into account the three scopes, the total GEB emissions amount to 16,904,181 tonnes of CO₂ equivalent. Of this total, 323,293 tonnes correspond to categories 1 and 2, while 16,580,888 tonnes correspond to categories 3, 4 and 5.
How is performance evaluated?
The Corporate Emissions Mitigation Indicator (ICME) monitors operational emissions of scopes 1 and 2. It does this by comparing them with the Business as Usual (BAU) scenario. This scenario represents the estimated emissions that would be generated in the absence of mitigation measures. It takes into account both the projected growth of operations and the historical behavior of emissions.
ICME 2024 emissions reduction target: 12.3%.
Results: ICME 2024 emissions by subsidiary
In 2024, the Board of Directors set a target to reduce the Corporate Emissions Mitigation Indicator (ICME) by 12.3%, using the Business as Usual (BAU) scenario projected for that year as a reference point. By the end of the year, the Group's total operational emissions had reached 307,340 tonnes of CO₂ equivalent, which was 16.3% lower than the BAU 2024 scenario.
ICME 2030 emission reduction target
Grupo Energia Bogota (GEB) committed to a 40% reduction in Scope 1 and 2 operational emissions by 2030, which is equivalent to limiting emissions to 246,410.4 tons of CO₂ eq.
Emissions Verification 2024
Verifying the emissions inventory is essential because it ensures the accuracy and credibility of the reported data. This verification ensures compliance with ISO 14064 and strengthens transparency with investors, customers and other stakeholders. Having validated information makes it possible to make more effective decisions to reduce emissions and make progress on sustainability commitments.
Please find below the emission verification certificates for Scopes 1, 2 and 3.
• GHG Verification Statement, GEB, 2024.
• GHG Verification Statement, Enlaza, 2024.
• GHG Verification Statement, TGI, 2024.
• GHG Verification Statement, Calidda, 2024.
• GHG Verification Statement, Contugas, 2024
• GHG Verification Statement, Electrodunas, 2024
• GHG Verification Statement Conecta 2024
The main initiatives to reduce emissions by 2025.
Repair of fugitive methane emissions and replacement of gas compressors with electric ones.
SF6 gas leakage control.
Efficiency in gas heaters.
Installation of photovoltaic systems for substation power consumption.
Installation of solar panels for office electricity consumption.
Efficiency in In-Line Inspections (ILI)
The GEB is working on the design of adaptation measures to operate the infrastructure under extreme weather conditions. In 2024, it began assessing the vulnerability of the infrastructure and defining adaptation plans for Enlaza and TGI.
The main adaptation initiatives identified are:
Flooding: Implementation of pumping systems, changes in flood elevations and drainage to prevent and control flood risk.
Mass removal: Periodic inspection and preventive maintenance of infrastructure in risk areas, and geotechnical works.
Forest fires: Firebreaks and specialised equipment for fire prevention and suppression.
Heat waves: Maintenance and reinforcement of ventilation and air conditioning systems to ensure continuous operation.
Droughts: Installation of rainwater collection and storage systems to ensure a water supply.
Windstorms: Reinforcing structures, foundations and transmission lines to improve resilience to high winds.
Thunderstorms: Installation of surge and lightning protection systems.
Cross-cutting measure: Institutional coordination between territorial levels to integrate climate change adaptation into energy sector planning and risk management.
Conservation and restoration of strategic ecosystems within the operational area.
GEB contributes to the diversification of the energy matrix and to increasing the resilience of the electricity systems of the countries in which it operates, facilitating the transmission of clean energy, the growth of sustainable mobility, energy efficiency, the use of solar and wind energy and the incorporation of new energy sources, such as hydrogen.
Investments in energy transition 2024:
Enlaza | TGI | Cálidda | Contugas | Electrodunas | Conecta | Corporate group | |
Investments in energy transition 2024: (M COP) | $ 816.348,00 | $ 10.331,41 | $ 119.285,96 | $ 29.183,91 | $ 22.201,59 | $ 91,94 | $ 997.442,82 |
Renewable energies for self-consumption | $ - | $ - | $ 165 | $ - | $ 215 | $ 92 | $ 472 |
Biogas | $ - | $ 195 | $ 85 | $ - | $ - | $ - | $ 280 |
Hydrogen | $ - | $ 118 | $ - | $ - | $ - | $ - | $ 118 |
Wind and solar energy | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
Smart grids | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
Transmission and/or distribution infrastructure for the connection of renewable energy projects. | $ 816.348 | $ - | $ - | $ - | $ - | $ - | $ 816.348 |
New businesses in energy transition and substitution of high-emission fossil fuels | $ - | $ 10.019 | $ - | $ - | $ 21.987 | $ - | $ 32.005 |
New gas distribution connections (Applicable to Peru) | $ - | NA | $ 119.036 | $ 29.184 | $ - | $ - | $ 148.219 |
Total business investment in CAPEX | $ 818.088,00 | $ 185.605,47 | $ 467.781,83 | $ 30.303,57 | $ 31.204,04 | $ - | $ 1.532.982,91 |
Share of GEB investment in energy transition (%) | 100% | 6% | 26% | 96% | 71% | 0% | 65% |
Sustainable Revenues (COP)
Project | 2021 | 2022 | 2023 | 2024 |
Ingresos UPME 05-2009 - Subestacion Quimbo 230 kV (Tesalia) | 46.026.691.348 | 53.913.642.903 | 57.393.657.210 | 58.790.912.895 |
Ingresos UPME 03-2010 - Subestación Chivor II 230 kV y Norte 230 kV | 22.781.688.756 | 26.431.999.300 | 28.102.222.439 | 29.017.839.744 |
Ingresos UPME 01-2013- Sogamoso 500 kV | 86.068.685.783 | 100.357.771.632 | 106.746.547.210 | 109.792.192.607 |
Ingresos UPME 04-2014 - Refuerzo Suroccidental | 98.631.121.540 | 115.005.822.363 | 122.327.088.635 | 125.817.262.786 |
Ingresos UPME 06-2017 Colectora |
| 9.636.018.719 | 103.363.457.792 | 107.142.016.949 |
Ingresos UPME 04-2018 San Juan |
|
| 5.176.977.319 | 5.619.361.786 |
Ingresos UPME 10-2019 Bonda |
|
| 444.546.458 | 5.742.503.333 |
Ingresos UPME STR 13-2015 La Loma |
|
|
| 24.742.646.687 |
Latam Solar – Conexión Enel |
| 2.136.383.431 | 2.597.278.588 | 2.777.567.401 |
Total | 253.508.187.427 | 307.481.638.348 | 426.151.775.651 | 469.442.304.188 |
Through the TCFD framework, GEB integrates climate risks into its overall risk management process in a systematic and transparent manner.
Main climate risks of the GEB
Grupo Energía Bogotá has adopted the recommendations of the Task Force on Climate-Related Financial Disclosures for the valuation and reporting of climate risks and opportunities.
Climate change management reports:
The GEB updates the Climate Change Management Report on a biennial basis.
Environmental performance
