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 20 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Magnit's reported carbon emissions
In 2023, Magnit reported total carbon emissions of approximately 5,450,000 kg CO2e, comprising 2,390,000 kg CO2e from Scope 1 emissions and 3,060,000 kg CO2e from Scope 2 emissions. This reflects a continued commitment to monitoring and managing their greenhouse gas emissions, with a specific focus on direct emissions from their operations and energy consumption. Over the years, Magnit has demonstrated a trend in emissions management. In 2022, the company recorded approximately 5,490,000 kg CO2e, with Scope 1 emissions at 2,510,000 kg CO2e and Scope 2 emissions at 2,980,000 kg CO2e. This indicates a slight reduction in total emissions from 2022 to 2023. Magnit's emissions per unit of revenue have also shown improvement, with specific GHG emissions for Scope 1 and 2 combined decreasing from 0.00234 tonnes CO2e/RUB million in 2022 to 0.00214 tonnes CO2e/RUB million in 2023. This suggests an enhanced efficiency in their operations relative to revenue generation. Despite these efforts, there are currently no publicly disclosed reduction targets or climate pledges from Magnit, indicating a potential area for future commitment. The company continues to operate within the retail sector in Russia, where climate action is increasingly becoming a priority.
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Add to project| 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 committed to any reduction initiatives 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.
