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 29 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nubank's reported carbon emissions
In 2022, Nubank reported total carbon emissions of approximately 12,862,000 kg CO2e, with emissions distributed across various scopes: 67,300 kg CO2e (Scope 1), 92,400 kg CO2e (Scope 2), and a significant 12,702,300 kg CO2e (Scope 3). This data reflects a comprehensive disclosure of emissions, indicating a commitment to transparency in their environmental impact. The previous year, 2021, Nubank's total emissions were about 5,352,600 kg CO2e, with Scope 1 emissions at 9,100 kg CO2e, Scope 2 at 172,600 kg CO2e, and Scope 3 at 5,170,900 kg CO2e. In 2020, the total emissions were approximately 4,526,800 kg CO2e, comprising 44,700 kg CO2e (Scope 1), 119,200 kg CO2e (Scope 2), and 4,362,800 kg CO2e (Scope 3). Despite the detailed emissions reporting, Nubank has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The emissions data is cascaded from its parent company, Nu Holdings Ltd., through its subsidiary, Nu Pagamentos S.A. - Instituição De Pagamento, reflecting a corporate commitment to sustainability within its operational framework. Overall, Nubank's emissions data highlights the significant impact of Scope 3 emissions, which dominate their carbon footprint, underscoring the need for targeted strategies to address these emissions in future sustainability efforts.
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| 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.
