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 33 is higher than 84% 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 2023, Nubank reported total carbon emissions of approximately 10,211,900 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions were about 4,200 kg CO2e, while Scope 2 emissions totalled approximately 207,300 kg CO2e. The majority of their emissions, approximately 10,000,400 kg CO2e, fell under Scope 3, which includes indirect emissions from sources such as business travel and employee commuting. In 2022, Nubank's total emissions were significantly higher at about 12,862,000 kg CO2e, with Scope 1 emissions at 2,100 kg CO2e, Scope 2 at 92,000 kg CO2e, and Scope 3 emissions reaching approximately 9,601,400 kg CO2e. This indicates a notable shift in their emissions profile over the years. Nubank has not publicly disclosed specific reduction targets or initiatives related to their carbon emissions, nor have they committed to the Science Based Targets initiative (SBTi). However, the company continues to monitor and report its emissions across all three scopes, demonstrating a commitment to transparency in its climate impact.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 44,700 | 0,000 | 0,000 | 0,000 |
| Scope 2 | 119,200 | 000,000 | 00,000 | 000,000 |
| Scope 3 | 4,362,800 | 0,000,000 | 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.
