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 32 is higher than 56% 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 3,264,000 kg CO2e in Scope 3 emissions. This follows a total of about 4,570,200 kg CO2e in 2023, which included 27,421.2 kg CO2e from Scope 1 emissions and 3,852,000 kg CO2e from Scope 3 emissions. Notably, the 2023 Scope 3 emissions comprised significant contributions from business travel (1,316,217.6 kg CO2e), employee commute (2,362,793.4 kg CO2e), and purchased goods and services (589,555.8 kg CO2e). Magnit has set an ambitious target to reduce more than 50% of its upstream emissions by 2030, utilising gross operating profit as a measure of economic intensity. This commitment reflects the company's proactive approach to addressing its environmental impact, particularly in Scope 3 emissions, which are often the largest source of a company's carbon footprint. The emissions data is not cascaded from any parent organization, indicating that Magnit is independently reporting its climate impact. The company continues to focus on enhancing its sustainability practices as part of its broader environmental, social, and governance (ESG) strategy.
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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 |
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.
