Business

Nubank announced it has zeroed its carbon footprint

Nubank made a partnership with three projects in Brazil and one in Mexico that generate carbon credits

David Vélez, founder and CEO of Nubank.
David Vélez, founder and CEO of Nubank. Photo: Nubank/Courtesy
  • Nubank said it is committed to zero carbon footprint from now on;
  • According to the company, it is the first banking institution in Brazil and Mexico that has ever done that.

On Wednesday, Nubank announced it has zeroed carbon dioxide emissions in its entire history, offsetting all the carbon footprint that the company has emitted. It also committed to zero emissions from today.

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David Vélez, founder and CEO of Nubank said that the unicorn is the first institution in the banking sector in Brazil and Mexico to do this. “We want to be remembered not only for the revolution we created, but for the way we got there,” he said.

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Zeroing carbon emissions means that all carbon dioxide emitted by a company is being neutralized by other actions that remove CO2 from the atmosphere. For this, Nubank made a partnership with three projects in Brazil and one in Mexico that generate carbon credits.

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