Magnit Sustainability Profile
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 62% 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 follows a total of about 4,570,200 kg CO2e in 2023, which included Scope 1 emissions of approximately 27,421 kg CO2e and Scope 3 emissions of about 3,852,000 kg CO2e. The 2022 emissions data indicated a Scope 3 total of around 4,441,000 kg CO2e, while in 2021, Magnit recorded Scope 1 emissions of approximately 22,000,000 kg CO2e and Scope 3 emissions of about 11,000,000 kg CO2e. Magnit has set a significant reduction target, aiming to eliminate more than 50% of its upstream Scope 3 emissions by 2030, using gross operating profit as a measure of economic intensity. This commitment reflects the company's proactive approach to addressing its carbon footprint and aligns with industry standards for climate action. The emissions data is sourced directly from Magnit, LLC, with no cascaded data from a parent organisation. The company continues to focus on enhancing its sustainability practices and reducing its overall environmental impact.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 22,000,000 | - | 00,000.0 | - |
| Scope 2 | - | - | - | - |
| Scope 3 | 11,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Magnit's Industry?
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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 established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
