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 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Nubank's reported carbon emissions
In 2023, Nubank reported total carbon emissions of approximately 2,655,100 kg CO2e, with significant contributions from Scope 1 and Scope 3 emissions. Specifically, Scope 1 emissions totalled about 23,000 kg CO2e, comprising 18,800 kg CO2e from fugitive emissions and 4,200 kg CO2e from stationary combustion. The majority of emissions stemmed from Scope 3, particularly business travel, which accounted for approximately 2,637,900 kg CO2e. Comparatively, in 2022, Nubank's emissions were about 1,694,500 kg CO2e, with Scope 1 emissions at approximately 67,300 kg CO2e and Scope 3 emissions at around 1,465,300 kg CO2e. This indicates a notable increase in emissions from 2022 to 2023, particularly in business travel. Nubank has not disclosed specific reduction targets or initiatives as part of its climate commitments. The emissions data is cascaded from its parent company, Nu Pagamentos S.A. - Instituição De Pagamento, and is part of a broader corporate family relationship with Nu Holdings Ltd., which influences its sustainability reporting. Overall, Nubank's emissions profile highlights the need for enhanced climate strategies, particularly in managing Scope 3 emissions, which represent the largest share of its carbon footprint.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 44,700 | 0,000 | 00,000 | 00,000 |
| Scope 2 | 119,200 | - | - | - |
| Scope 3 | 4,362,800 | 000,000 | 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.
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.
