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Nubank, officially known as Nu Pagamentos S.A., is a pioneering financial technology company headquartered in São Paulo, Brazil. Founded in 2013, Nubank has rapidly transformed the landscape of financial intermediation services, focusing on providing accessible and user-friendly banking solutions. The company primarily operates in Brazil, with significant expansions into Mexico and Colombia.
Nubank's core offerings include digital banking services, credit cards, and personal loans, all characterised by their no-fee structure and innovative technology. This unique approach has positioned Nubank as a leader in the fintech sector, boasting millions of customers and notable achievements, such as being one of the largest digital banks in the world. With a commitment to transparency and customer-centric solutions, Nubank continues to redefine the banking experience in Latin America.
28
DitchCarbon score
-9 vs industry average
Nubank’s score of 28 is lower than 41% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Nubank's reported carbon emissions
Nubank, a Brazilian financial intermediation services company, reported Scope 1 emissions of approximately 36,800 kg CO2e and Scope 3 emissions of about 6,236,000 kg CO2e in 2023. These figures were inherited from Nu Pagamentos S.A. - Instituição De Pagamento.
In 2022, Nubank's Scope 1 emissions were approximately 67,800 kg CO2e, and Scope 3 emissions were around 4,723,900 kg CO2e, also inherited from Nu Pagamentos S.A. - Instituição De Pagamento.
In 2021, the company's Scope 1 emissions were about 12,400 kg CO2e, and Scope 3 emissions were approximately 2,641,700 kg CO2e, inherited from Nu Pagamentos S.A. - Instituição De Pagamento.
For 2020, Nubank reported a total of 4,526,800 kg CO2e in emissions, with Scope 1 at 44,700 kg CO2e, Scope 2 at 119,200 kg CO2e, and Scope 3 at 4,362,800 kg CO2e. These figures were also inherited from Nu Pagamentos S.A. - Instituição De Pagamento.
Nubank does not currently disclose any specific climate reduction targets.
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Nubank’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Nubank yet.
Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
Inherited from Nu Holdings Ltd.See details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Nubank7 days ago
28
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