Nerdwallet Sustainability Profile
NerdWallet, Inc., commonly known as NerdWallet, is a leading personal finance company headquartered in the United States. Founded in 2010, it has rapidly established itself as a trusted resource for consumers seeking financial guidance. The company primarily operates in the financial technology sector, focusing on areas such as credit cards, loans, insurance, and investment advice. NerdWallet's core offerings include comprehensive comparison tools and educational resources that empower users to make informed financial decisions. Its unique approach combines user-friendly interfaces with in-depth analysis, setting it apart in a competitive market. With millions of users and a strong online presence, NerdWallet has achieved significant recognition, solidifying its position as a go-to platform for personal finance solutions.
DitchCarbon Score
How does Nerdwallet'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
Nerdwallet's score of 38 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nerdwallet's reported carbon emissions
In 2023, NerdWallet reported total carbon emissions of approximately 43,067,000 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions were about 30,000 kg CO2e, while Scope 2 emissions totalled approximately 109,000 kg CO2e. The majority of their emissions, approximately 43,000,000 kg CO2e, fell under Scope 3, which includes categories such as purchased goods and services (about 40,298,000 kg CO2e) and business travel (approximately 567,000 kg CO2e). Comparatively, in 2022, NerdWallet's total emissions were about 43,042,200 kg CO2e, with Scope 1 emissions at approximately 18,000 kg CO2e and Scope 2 emissions around 73,000 kg CO2e. The Scope 3 emissions for that year were similar, indicating a consistent level of emissions in this category. Despite these figures, NerdWallet has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. The company does not appear to inherit emissions data from a parent organisation, maintaining its own reporting structure. Overall, while NerdWallet has made strides in transparency regarding its emissions, the lack of defined reduction strategies highlights an area for potential growth in their climate commitments.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 18,000 | 00,000 |
| Scope 2 | 73,000 | 000,000 |
| Scope 3 | 43,042,200 | 00,000,000 |
How Carbon Intensive is Nerdwallet's Industry?
How Carbon Intensive is Nerdwallet's Location?
Nerdwallet's Scope 3 Categories Breakdown
Nerdwallet's Scope 3 emissions, which increased by 0% last year and increased by approximately 0% since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 94% of Scope 3 emissions.
Top Scope 3 Categories
Nerdwallet's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Nerdwallet has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
