Environmental

XP’s environmental profile is limited by the absence of disclosed R&D or capital-intensive transition spending, leaving it less visibly prepared than peers with formal climate investment programs.

As a financial-services business, XP likely has lower direct emissions than asset-heavy peers, but the lack of reported environmental metrics weakens comparability and accountability.

No evidence provided indicates material environmental controversies or regulatory breaches, so its position appears broadly in line with peers rather than structurally weaker.

Relative to peers with stronger disclosure on financed-emissions, energy use, and climate targets, XP’s environmental transparency appears middling and constrains a higher score.

Social

XP’s low stock-based compensation intensity suggests comparatively restrained equity dilution, which can support employee alignment versus peers with heavier compensation burdens.

The provided data do not include workforce, customer, or conduct metrics, so XP’s social assessment relies on limited evidence and remains less differentiated than peers with fuller disclosure.

As a financial intermediary, XP’s social risk is primarily tied to client suitability, sales practices, and trust, but no peer-benchmarkable controversy data were provided here.

Overall, XP appears broadly average on social factors versus peers, with some discipline in compensation but insufficient disclosure to indicate a stronger relative position.

Governance

XP’s debt-to-equity ratio and net debt-to-EBITDA are elevated, which can increase governance scrutiny around capital allocation and balance-sheet discipline versus peers.

The absence of board, ownership, audit, and controversy data limits confidence in governance quality, leaving XP less transparent than peers with fuller governance reporting.

A zero R&D ratio is not itself a governance issue, but it reinforces that the available dataset is thin and does not demonstrate superior oversight or controls.

Relative to peers, XP’s governance profile appears constrained by leverage and incomplete disclosure, offsetting any neutral or positive signals from the limited metrics provided.

Overall Score

XP’s ESG positioning is broadly average versus peers, with limited disclosure and elevated leverage preventing a stronger relative assessment.

Score Driver: Incomplete ESG Disclosure Combined With Elevated Leverage Limits Relative Positioning Versus Peers.