Nu Holdings
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 25 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Nu Holdings's reported carbon emissions
In 2022, Nu Holdings reported total carbon emissions of approximately 12,862,000 kg CO2e, with significant contributions from Scope 3 emissions, including 2,716,200 kg CO2e from purchased goods and services, 1,508,700 kg CO2e from business travel, and 542,400 kg CO2e from employee commuting. The company's Scope 1 emissions were recorded at 65,200 kg CO2e, primarily from fugitive emissions. In 2021, emissions increased to about 5,352,600 kg CO2e, with Scope 3 emissions again dominating the total, particularly from employee commuting (1,276,000 kg CO2e) and purchased goods and services (1,102,600 kg CO2e). Scope 1 emissions were minimal at 100 kg CO2e. The 2020 emissions data indicated a total of approximately 4,526,800 kg CO2e, with Scope 3 emissions accounting for the majority, including 1,852,800 kg CO2e from purchased goods and services and 111,000 kg CO2e from employee commuting. Scope 1 emissions were reported at 43,500 kg CO2e. Despite these figures, Nu Holdings has not publicly committed to specific reduction targets or initiatives, indicating a potential area for future focus in their climate strategy. The absence of documented reduction targets suggests that the company may need to enhance its climate commitments to align with industry standards and expectations.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 43,500 | 000 | 00,000 |
| Scope 2 | - | - | - |
| Scope 3 | 2,124,000 | 0,000,000 | 0,000,000 |
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.
Nu Holdings 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.
