Magnit
Magnit, formerly known as Workforce Logiq, is a leading provider of workforce management solutions headquartered in the United States. Established in 2014, the company has rapidly evolved to become a key player in the human capital management industry, with a strong presence across North America and Europe. Specialising in contingent workforce solutions, Magnit offers a unique blend of technology and services designed to optimise talent acquisition and management. Their innovative platform integrates advanced analytics and AI-driven insights, setting them apart in a competitive market. Recognised for their commitment to quality and efficiency, Magnit has achieved significant milestones, including numerous industry awards and a growing client base that spans various sectors. With a focus on delivering tailored solutions, Magnit continues to solidify its position as a trusted partner for organisations seeking to enhance their workforce strategies.
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 Computer 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 41 is higher than 67% 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 total carbon emissions of approximately 3,264,000 kg CO2e, all of which fall under Scope 3 emissions. This marks a significant focus on upstream activities, as no Scope 1 or Scope 2 emissions data is available for this year. For 2023, Magnit's emissions totalled about 4,570,200 kg CO2e, with Scope 1 emissions accounting for approximately 27,421.2 kg CO2e and Scope 3 emissions reaching around 3,852,000 kg CO2e. Notably, the largest contributors to Scope 3 emissions included business travel (approximately 1,316,217.6 kg CO2e) and employee commuting (approximately 2,362,793.4 kg CO2e). In terms of climate commitments, 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 target is part of their near-term strategy, starting in 2023 and aiming for completion by 2030. Magnit does not currently have any Science-Based Targets Initiative (SBTi) targets, and all emissions data is reported directly from Magnit, LLC, with no data cascaded from a parent or related organization.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | - | 00,000.0 | - |
| Scope 2 | - | - | - |
| Scope 3 | 4,441,000 | 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 participating in some 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.
