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.
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.
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.
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.
In 2023, Magazine Luiza reported total carbon emissions of approximately 184,000,000 kg CO2e. This figure includes 13,133,220 kg CO2e from Scope 1 emissions, 5,219,370 kg CO2e from Scope 2 emissions, and a significant 168,057,200 kg CO2e from Scope 3 emissions. Notably, the Scope 3 emissions encompass various categories, including 941,160 kg CO2e from business travel and 5,162,390 kg CO2e from purchased goods and services. Comparatively, in 2022, the company emitted about 188,000,000 kg CO2e, with Scope 1 emissions at 9,750,590 kg CO2e, Scope 2 emissions at 5,650,120 kg CO2e, and Scope 3 emissions reaching 188,022,680 kg CO2e. This indicates a slight reduction in total emissions from 2022 to 2023. Despite these figures, Magazine Luiza has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for further commitment to climate action within the retail sector.
Access structured emissions data, company-specific emission factors, and source documents
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 |
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.