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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's total carbon emissions for 2023 were approximately 6.2 million kg CO2e. This includes Scope 1 emissions of about 36,800 kg CO2e and Scope 3 emissions of approximately 6.1 million kg CO2e. There is no Scope 2 data disclosed for 2023.
In 2022, Nubank's disclosed emissions included Scope 1 emissions of approximately 67,800 kg CO2e and Scope 3 emissions of about 4.7 million kg CO2e. For 2021, disclosed Scope 1 emissions were around 12,400 kg CO2e and Scope 3 emissions were approximately 2.6 million kg CO2e.
Nubank's climate commitments and emissions data are cascaded from its current subsidiary relationship with Nu Pagamentos S.A. - Instituição De Pagamento. However, CDP disclosures are cascaded from Nu Holdings Ltd.
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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
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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
Nubank30 days ago
28
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