Magnit
Magnit, officially known as Magnit Retail, is a leading player in the Russian retail industry, headquartered in Krasnodar, Russia. Founded in 1994, the company has grown to become one of the largest food retailers in the country, operating a vast network of supermarkets and convenience stores across major regions. Specialising in grocery retail, Magnit offers a diverse range of products, including fresh produce, packaged goods, and household items. Its unique approach combines competitive pricing with a focus on customer service, setting it apart in a crowded marketplace. With a strong market position, Magnit has achieved significant milestones, including rapid expansion and the introduction of innovative shopping solutions. The company continues to adapt to changing consumer preferences, solidifying its reputation as a trusted brand in the Russian retail sector.
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.
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
Magnit's score of 25 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Magnit's reported carbon emissions
In 2023, Magnit reported total carbon emissions of approximately 2,390,000,000 kg CO2e for Scope 1 and 3,060,000,000 kg CO2e for Scope 2. This represents a slight decrease in Scope 1 emissions from 2,510,000,000 kg CO2e in 2022, while Scope 2 emissions increased from 2,980,000,000 kg CO2e in the same year. The company has not disclosed any Scope 3 emissions data. Magnit's emissions profile indicates a significant reliance on fossil fuels, particularly evident in the high levels of fugitive emissions, which accounted for about 1,430,000,000 kg CO2e in Scope 1 for 2023. Despite these figures, there are currently no specific reduction targets or climate pledges outlined by the company, which may limit its ability to effectively address its carbon footprint in the long term. Overall, while Magnit has made some progress in managing its emissions, the absence of formal reduction initiatives or commitments suggests a need for enhanced strategies to mitigate its environmental impact.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 2,240,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 2,020,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - |
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.
Magnit 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.
