XP Inc Sustainability Profile
XP Inc., officially known as XP Investimentos, is a leading financial services firm headquartered in Brazil. Founded in 2001, the company has established itself as a key player in the investment and brokerage industry, primarily serving the Brazilian market and expanding its reach across Latin America. XP Inc. offers a diverse range of products and services, including investment advisory, asset management, and a robust trading platform, which distinguishes it from traditional financial institutions. The firm is renowned for its innovative approach to financial education and customer engagement, empowering clients to make informed investment decisions. With a strong market position, XP Inc. has achieved significant milestones, including its successful IPO in 2019, which marked a pivotal moment in its growth trajectory. The company continues to redefine the investment landscape in Brazil, fostering a culture of transparency and accessibility in finance.
DitchCarbon Score
How does XP Inc'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 Services Auxiliary to 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
XP Inc's score of 27 is lower than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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XP Inc's reported carbon emissions
In 2022, XP Inc reported total carbon emissions of approximately 6,597,000 kg CO2e, comprising 3,238,000 kg CO2e from Scope 1, 143,000 kg CO2e from Scope 2, and 3,214,000 kg CO2e from Scope 3 emissions. The company's emissions have fluctuated over the years, with a total of approximately 7,315,300 kg CO2e in 2020 and approximately 6,508,810 kg CO2e in 2019. As of 2023, XP Inc has not disclosed any new emissions data, nor have they set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company operates independently without cascading emissions data from a parent organisation, maintaining its own reporting standards. XP Inc's commitment to addressing climate change remains unclear, as they have not publicly outlined any climate pledges or significant reduction initiatives. The focus on emissions management and reduction strategies will be crucial for the company as it navigates the evolving landscape of corporate sustainability.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 2,649,960 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 245,080 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 3,613,770 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is XP Inc's Industry?
How Carbon Intensive is XP Inc's Location?
XP Inc's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
XP Inc has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
