Nu Holdings Sustainability Profile
Nu Holdings Ltd., commonly referred to as Nu, is a pioneering financial technology company headquartered in California. Founded in 2013, Nu has rapidly established itself as a leader in the digital banking sector, primarily serving the Latin American market, with significant operations in Brazil and Mexico. The company offers a range of innovative financial products, including credit cards, personal loans, and digital banking services, all designed to enhance user experience through technology and transparency. Nu's unique approach to customer service and its commitment to financial inclusion have garnered widespread recognition, positioning it as a formidable player in the fintech industry. With a focus on simplifying financial services, Nu has achieved remarkable milestones, including millions of active users and substantial funding rounds, solidifying its reputation as a transformative force in the banking landscape.
DitchCarbon Score
How does Nu Holdings'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 Computer Services 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
Nu Holdings's score of 49 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nu Holdings's reported carbon emissions
In 2024, Nu Holdings reported total carbon emissions of approximately 44,885,020 kg CO2e, comprising 24,400 kg CO2e from Scope 1, 204,800 kg CO2e from Scope 2, and 43,885,620 kg CO2e from Scope 3 emissions. This marks a notable increase in emissions compared to 2023, where total emissions were approximately 14,478,800 kg CO2e, with Scope 1 emissions at 23,100 kg CO2e, Scope 2 at 221,200 kg CO2e, and Scope 3 at 14,478,800 kg CO2e. In 2022, the company reported total emissions of approximately 15,759,900 kg CO2e, with Scope 1 emissions at 67,300 kg CO2e, Scope 2 at 92,400 kg CO2e, and Scope 3 at 15,759,900 kg CO2e. Despite the fluctuations in emissions, Nu Holdings has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The emissions data is not cascaded from any parent organization, ensuring that the figures reflect the company's own operational impact. Nu Holdings continues to monitor its carbon footprint, but further commitments to climate action and emissions reduction strategies would enhance its sustainability profile.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 67,300 | 00,000 | 00,000 |
| Scope 2 | 92,400 | 000,000 | 000,000 |
| Scope 3 | 15,759,900 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Nu Holdings's Industry?
How Carbon Intensive is Nu Holdings's Location?
Nu Holdings's Scope 3 Categories Breakdown
Nu Holdings's Scope 3 emissions, which increased by 203% last year and increased by approximately 178% 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 "Business Travel" being the primary emissions source at 11% of Scope 3 emissions.
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Nu Holdings'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.
Nu Holdings 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.
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