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 36 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Nubank's reported carbon emissions
In 2023, Nubank reported total carbon emissions of approximately 10,211,900 kg CO2e, with emissions distributed across various scopes: 4,200 kg CO2e (Scope 1), 207,300 kg CO2e (Scope 2), and the majority, 10,119,000 kg CO2e (Scope 3). This represents a significant increase from previous years, where total emissions were about 12,862,000 kg CO2e in 2022, 5,352,600 kg CO2e in 2021, and 4,526,800 kg CO2e in 2020. Nubank's Scope 3 emissions, which include business travel, employee commuting, and purchased goods and services, have consistently constituted the largest portion of their total emissions. For instance, in 2022, Scope 3 emissions accounted for approximately 9,601,400 kg CO2e, highlighting the importance of addressing these areas in their climate strategy. Despite the rising emissions, Nubank has not publicly disclosed specific reduction targets or initiatives aimed at mitigating their carbon footprint. The absence of documented reduction targets suggests a need for enhanced climate commitments to align with industry standards and expectations for corporate sustainability. As Nubank continues to grow, establishing clear and actionable climate goals will be crucial for reducing their overall environmental impact.
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Get Started| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 44,700 | 0,000 | 0,000 | 0,000 |
| Scope 2 | 119,200 | 000,000 | 00,000 | 000,000 |
| Scope 3 | 4,362,800 | 0,000,000 | 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 committed to any reduction initiatives 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.
