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