Nubank
Nubank, officially known as Nu Pagamentos S.A., is a leading financial technology company headquartered in São Paulo, Brazil. Founded in 2013, Nubank has rapidly transformed the banking landscape in Latin America, primarily operating in Brazil, Mexico, and Colombia. The company is renowned for its innovative digital banking solutions, including credit cards, personal loans, and payment services, all designed to provide a seamless user experience. Nubank's core offerings stand out due to their transparency, low fees, and user-friendly mobile app, which empowers customers to manage their finances effortlessly. As a pioneer in the neobank sector, Nubank has achieved significant milestones, including millions of active customers and recognition as one of the most valuable fintech companies in the world. With its commitment to financial inclusion and customer-centric approach, Nubank continues to reshape the future of banking in the region.
DitchCarbon Score
How does Nubank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Nubank's score of 27 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Nubank's reported carbon emissions
In 2022, Nubank reported total carbon emissions of approximately 12,862,000 kg CO2e. This figure includes Scope 1 emissions of about 67,300 kg CO2e, Scope 2 emissions of around 92,400 kg CO2e, and significant Scope 3 emissions totalling approximately 12,702,300 kg CO2e. The Scope 3 emissions were primarily driven by business travel (about 1,508,700 kg CO2e), employee commuting (approximately 542,400 kg CO2e), and purchased goods and services (around 2,716,200 kg CO2e). In 2021, Nubank's total emissions were about 5,352,600 kg CO2e, with Scope 1 emissions at approximately 9,100 kg CO2e, Scope 2 emissions around 172,600 kg CO2e, and Scope 3 emissions reaching about 5,170,900 kg CO2e. The trend indicates a significant increase in emissions from 2021 to 2022. Nubank has not disclosed specific reduction targets or initiatives related to carbon emissions, nor have they committed to any climate pledges. The absence of documented reduction targets suggests that while they are tracking emissions, they may not yet have formalised strategies for significant reductions.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 44,700 | 0,000 | 00,000 |
| Scope 2 | 119,200 | 000,000 | 00,000 |
| Scope 3 | 4,362,800 | 0,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Nubank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
