Public Profile

Magnit

Magnit, formerly known as Workforce Logiq, is a leading provider of workforce management solutions headquartered in the United States. Established in 2014, the company has rapidly evolved to become a key player in the human capital management industry, with a strong presence across North America and Europe. Specialising in contingent workforce solutions, Magnit offers a unique blend of technology and services designed to optimise talent acquisition and management. Their innovative platform integrates advanced analytics and AI-driven insights, setting them apart in a competitive market. Recognised for their commitment to quality and efficiency, Magnit has achieved significant milestones, including numerous industry awards and a growing client base that spans various sectors. With a focus on delivering tailored solutions, Magnit continues to solidify its position as a trusted partner for organisations seeking to enhance their workforce strategies.

DitchCarbon Score

How does Magnit's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

41

Industry Average

Mean score of companies in the Computer Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

26

Industry Benchmark

Magnit's score of 41 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.

93%

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Magnit's reported carbon emissions

In 2024, Magnit reported total carbon emissions of approximately 3,264,000 kg CO2e, all of which fall under Scope 3 emissions. This marks a significant focus on upstream activities, as the company has not disclosed any Scope 1 or Scope 2 emissions data for this year. For 2023, Magnit's total emissions were about 4,570,200 kg CO2e, with Scope 1 emissions accounting for approximately 27,421 kg CO2e and Scope 3 emissions reaching around 3,852,000 kg CO2e. Notably, the Scope 3 emissions included substantial contributions from business travel (about 1,316,218 kg CO2e) and employee commuting (approximately 2,362,793 kg CO2e). In terms of climate commitments, Magnit has set an ambitious target to reduce more than 50% of its upstream emissions by 2030, using gross operating profit as a measure of economic intensity. This initiative is part of their broader strategy to address climate change and enhance sustainability within their operations. Overall, Magnit's focus on upstream emissions and their commitment to significant reductions by 2030 highlight their proactive approach to tackling climate challenges in the retail sector.

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202220232024
Scope 1
-
00,000.0
-
Scope 2
-
-
-
Scope 3
4,441,000
0,000,000
0,000,000

Industry emissions intensity

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Very high
Some industries are more carbon intensive than others. Magnit's primary industry is Computer and related services (72), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
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Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Magnit is in US, which has a low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Magnit is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers