Magnit Sustainability Profile
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 36 is higher than 58% 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 2024, Magnit reported approximately 3.3 million kg CO2e in Scope 3 emissions. The previous year, 2023, saw total emissions of about 4.6 million kg CO2e, which included approximately 27,421 kg CO2e from Scope 1 and about 3.9 million kg CO2e from Scope 3 emissions. Notably, the Scope 3 emissions in 2023 were significantly influenced by business travel (approximately 1.3 million kg CO2e) and employee commuting (approximately 2.4 million kg CO2e). Magnit's emissions data from 2022 indicated approximately 4.4 million kg CO2e in Scope 3 emissions, while in 2021, the company reported a total of approximately 2.2 billion kg CO2e from Scope 1 and 2 emissions combined. This included about 1.4 billion kg CO2e from fugitive emissions in Scope 1 and approximately 2.9 billion kg CO2e in Scope 2 emissions. Despite these figures, Magnit has not set specific reduction targets or initiatives as part of their climate commitments, nor do they appear to have cascaded data from a parent organization. The company is currently focused on understanding and managing its carbon footprint, particularly in Scope 3 emissions, which represent a significant portion of its overall emissions profile.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,240,000,000 | 0,000,000,000 | 0,000,000,000 | - | 00,000.0 | - |
| Scope 2 | 2,020,000,000 | 0,000,000,000 | 0,000,000,000 | - | - | - |
| Scope 3 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Magnit's Industry?
How Carbon Intensive is Magnit's Location?
Magnit's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Magnit has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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