Climate Change Data

NerdWallet, Inc.

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Achieving Our Vision
  • Investing in Our Nerds
  • Building a Socially Responsible Business

Environmental Achievements

  • Occupying surplus office spaces to avoid carbon footprint from new developments
  • Minimal operational footprint due to geographically distributed workforce and flexible work-from-home policies

Social Achievements

  • Deposited $2 million into Self-Help Federal Credit Union, a CDCU, resulting in $16 million in impact
  • Provided a $200,000 donation to Inclusiv to provide grants to Minority Deposit Institutions (MDIs)
  • Nerds volunteered 2,328 hours in the first eight months of 2022, projected to reach 3,500 hours by year-end
  • Launched the Financial Equality Project
  • Launched Project Empower, optimizing or creating over 300 articles amplifying diverse voices and financial situations
  • Created a Corporate Social Responsibility hub to connect consumers with socially responsible financial products
  • Developed a content hub catering to the unique financial challenges faced by the LGBTQ+ community

Governance Achievements

  • Established an Executive ESG Committee composed of CEO, CFO, Chief People Officer, and General Counsel
  • Formed an ESG Working Group drawing from cross-functional teams
  • Implemented a code of business ethics for all employees, executives, and directors
  • Maintained editorial independence of the Content team, separating it from business operations
  • Implemented a pre-deployment process for assessing all products and features for privacy and security
  • Provided initial and ongoing privacy and security training for all Nerds
  • Achieved Fair Pay Workplace certification

Climate Goals & Targets

Environmental Challenges

  • Addressing inequities in access to financial information and services
  • Maintaining a diverse and inclusive workforce
  • Ensuring responsible business practices
  • Minimizing environmental impact
Mitigation Strategies
  • Implementing initiatives under the three ESG focus areas
  • Developing and implementing DEI programs
  • Establishing a code of business ethics and robust cybersecurity and data privacy measures
  • Occupying surplus office spaces and minimizing operational footprint

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

  • Inc. Best Workplaces
  • Fortune’s Best Workplaces in the Bay Area
  • Fortune’s Best Workplaces for Millennials
  • Fortune’s Best Medium Workplaces
  • Fortune’s Best Workplaces for Women
  • CMA Best Content Marketing Program in Financial Services (finalist)
  • Gold House A100 List (Tim Chen, CEO)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:43,067 tCO2e/year
Scope 1 Emissions:30 tCO2e/year
Scope 2 Emissions:109 tCO2e/year
Scope 3 Emissions:43,067 tCO2e/year
Total Energy Consumption:2,634 MMBtu/year

ESG Focus Areas

  • Achieving our vision
  • Investing in our Nerds
  • Building a socially responsible business

Environmental Achievements

  • Reduced Scope 1 GHG emissions to 30 metric tons CO2e in 2023
  • Reduced Scope 2 market based GHG emissions to 109 metric tons CO2e in 2023
  • Reduced Scope 3 GHG emissions to 43,067 metric tons CO2e in 2023

Social Achievements

  • Achieved Black Equity at Work silver certification
  • Began Hispanic Equity at Work certification process
  • Launched a new cohort of 19 Nerds in our Career Accelerator Program (CAP)
  • Awarded more than $400,000 to support organizations furthering financial inclusion, including a $100,000 grant to the Juntos Avanzamos fund
  • Volunteered a combined 1,140 hours at organizations across the country
  • Employee and company match donations totaled more than $175,000

Governance Achievements

  • Completed over 23 privacy impact assessments for new use cases
  • Successfully addressed over 3,170 data subject access requests in an average of 4 days
  • Updated privacy policy and data processing agreements with vendors

Climate Goals & Targets

Environmental Challenges

  • Data breaches experienced by two third-party vendors
  • Unauthorized third-party access to Fundera customer information
Mitigation Strategies
  • Enhanced consumer account monitoring to include Bot and AI detections, brute force protections and breached password prevention
  • Expanded third party risk monitoring (TPRM) protocol
  • Required zero-trust network access software and continued two-factor authentication for Nerds
  • Moved from point in time penetration testing activities to a third-party service that monitors for changes on the platform
  • Fundera offered its SMB customers 24 months of free credit and identity monitoring services

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

  • 2024 Best B2C Branded Podcast from The Quill Podcast Awards