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XP Inc
XP's GHG Emissions Data Preview
In 2024, XP completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
XP has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. a | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind XP’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore XP’s data sources below and access millions more through our Disclosure Search.
Insights into XP's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofXP amounted to1,878.83metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of XPdecreased by 2.77%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
XP's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are XP's Scope 1 emissions?
In 2024, the total Scope 1 emissions of XP were 1,123.6 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has XP reduced its Scope 1 emissions over time?
Since 2019, XP's Scope 1 emissions have decreased by 57.58%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), XP's Scope 1 emissions decreased by 20.32%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are XP's Scope 2 emissions?
In 2024, XP reported Scope 2 greenhouse gas (GHG) emissions of 573.34 tCOâ‚‚e using the market-based method and 755.23 tCOâ‚‚e using the location-based method.a
Has XP reduced its Scope 2 emissions over time?
Compared to the previous year(2023), XP's Scope 2 emissions(Location-Based) rose by 44.61% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
What methodology does XP use for Scope 2 reporting?
In 2024, XP reported its Scope 2 emissions using the market-based method and using the location-based method.a
XP's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into XP's Value Chain Emissions
In 2024, XP reported 128,496.54 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of XP includes a breakdown across 5of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
XP's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are XP's Scope 3 emissions?
In 2024, XP reported total Scope 3 emissions of 128,496.54 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 5.62%of these emissions originated from upstream activities such as purchased goods and capital goods, while 94.38%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has XP reduced its Scope 3 emissions over time?
Since 2019, XP's Scope 3 emissionshave increased by 3,456.51%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), XP's Scope 3 emissions increased by 103.67%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does XP disclose?
In 2024, XP reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of XP's Scope 3 emissions?
In 2024, the largest contributors to XP's Scope 3 emissions were:a
- Investments (Cat. 15): 121,281.02 tCOâ‚‚e(94.38%)
- Business Travel (Cat. 6): 3,635.02 tCOâ‚‚e(2.83%)
- Employee Commuting (Cat. 7): 3,209.9 tCOâ‚‚e(2.5%)
XP's Scope 3 Emissions by Categories
Insights into XP’s GHG Emissions Intensity Compared to Industry Peers
In 2024, XP reported Scope 1 greenhouse gas (GHG) emissions of 1,123.6 tCOâ‚‚e and total revenues of USD 222 millions. This translates into an emissions intensity of 5.06 tCOâ‚‚e per millions USD.a
XP's Scope 1 Emissions Intensity Compared to Peers
How does XP's GHG emissions intensity compare to its peers?
In 2024, XP reported a Scope 1 emissions intensity of 5.06 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.2, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does XP rank on GHG emissions intensity within its industry?
In 2024, XP ranked 23 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places XP among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into XP's Total Carbon Footprint
In 2024, XP reported a total carbon footprint of 130,375.37 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 100.51% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to XP's total carbon footprint was Scope 3 emissions, accounting for 98.56% of the company's total carbon footprint, followed by Scope 1 emissions at 0.86%.a