COFIDE is the first Peruvian financial institution to obtain the second star in Carbon Footprint Peru by MINAM.
Peru is committed to being a country Carbon Neutral in the year 2050 and, prior to that, to reduce its greenhouse gas (GHG) emissions by 30% by 2030, an initiative in which all public and private organizations must participate in order to achieve this common goal.
On this basis, the Ministry of the Environment (MINAM) has granted to COFIDE, Peru, the Development Bank of Peru, the “Carbon Footprint Level 2” diploma, due to its measurement and verification for a third of its institutional carbon footprint for 2019, through the “Carbon Footprint Peru”recognition that places them as the first financial institution to achieve the second star on the platform created to be part of the country's climate action.
The result of COFIDE's Carbon Footprint calculation in 2019 was 308 tons of CO2eq. This generated impact will be neutralized with the purchase of carbon credits in order to contribute to the preservation of protected natural areas and, above all, to the social and economic development of their communities. In this way, they maintain their carbon neutral status.
