Magazine Luiza
Magazine Luiza, officially known as Magazine Luiza S.A., is a prominent Brazilian retail company headquartered in Franca, São Paulo. Founded in 1957, it has evolved into one of the largest retail chains in Brazil, with a strong presence in both physical and online markets. The company operates primarily in the retail industry, focusing on electronics, furniture, and household appliances, while also offering a diverse range of products through its e-commerce platform. With a commitment to innovation, Magazine Luiza has achieved significant milestones, including the successful integration of technology in its operations, which enhances customer experience. The company is recognised for its unique omnichannel approach, allowing seamless shopping across various platforms. As a market leader, Magazine Luiza continues to set benchmarks in customer service and digital transformation, solidifying its position as a key player in the Brazilian retail landscape.
DitchCarbon Score
How does Magazine Luiza'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.
Industry Average
Mean score of companies in the Retail Trade 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.
Industry Benchmark
Magazine Luiza's score of 45 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Magazine Luiza's reported carbon emissions
In 2023, Magazine Luiza reported total carbon emissions of approximately 168,057,200 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions were about 13,133,220 kg CO2e, while Scope 2 emissions from purchased electricity totalled approximately 5,219,370 kg CO2e. The majority of their emissions stemmed from Scope 3, which accounted for about 168,057,200 kg CO2e, including significant contributions from business travel and purchased goods and services. In 2022, the company recorded total emissions of around 188,022,680 kg CO2e, with Scope 1 emissions at approximately 9,750,590 kg CO2e and Scope 2 emissions at about 5,650,120 kg CO2e. The Scope 3 emissions for that year were also substantial, reflecting the company's extensive supply chain activities. Over the years, Magazine Luiza has shown fluctuations in emissions, with a notable increase in Scope 3 emissions from 74,815,180 kg CO2e in 2020 to 168,057,200 kg CO2e in 2023. Despite these increases, there are currently no publicly disclosed reduction targets or climate pledges from the company, indicating a potential area for future commitment and improvement in their climate strategy. Overall, Magazine Luiza's emissions data highlights the importance of addressing both direct and indirect emissions as part of their climate commitments, particularly in the context of their operational footprint in Brazil.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 5,231,460 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 7,241,720 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 36,254,520 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
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.
Magazine Luiza is not participating in any 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.
