Nubank

Nubank's reported carbon emissions

Nubank, a financial intermediation services provider headquartered in Brazil, has reported its carbon emissions for the fiscal years 2020 through 2023. In 2023, Nubank's reported emissions totalled approximately 6.11 million kg CO2e. This included Scope 1 emissions (mobile combustion, fugitive emissions, and stationary combustion) amounting to about 37,800 kg CO2e, and Scope 3 emissions (business travel, employee commute, and purchased goods and services) totalling approximately 6.23 million kg CO2e. The company has disclosed Scope 1 and Scope 3 emissions data for this year, with Scope 2 data not being available. For 2022, Nubank's total emissions were approximately 4.75 million kg CO2e. Scope 1 emissions stood at about 73,700 kg CO2e, while Scope 3 emissions were approximately 4.72 million kg CO2e. Scope 2 data was not available for 2022. In 2021, the company reported total emissions of approximately 2.03 million kg CO2e. Scope 1 emissions were about 12,400 kg CO2e, and Scope 3 emissions were approximately 2.00 million kg CO2e. As with 2023, Scope 2 data was not disclosed. In 2020, Nubank reported total emissions of approximately 4.53 million kg CO2e, which encompassed Scope 1 emissions of about 44,700 kg CO2e, Scope 2 emissions of around 119,200 kg CO2e, and Scope 3 emissions of approximately 4.36 million kg CO2e. This year's reporting included all three scopes. Nubank's climate commitments are currently not detailed with specific reduction targets or initiatives. However, the organisation's emissions data is cascaded from Nu Pagamentos S.A. - Instituição De Pagamento, and its climate performance data is also inherited from this entity. Additionally, their CDP reporting is sourced from the ultimate parent company, Nu Holdings Ltd.