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 44 is higher than 95% 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 2023, Magnit reported total carbon emissions of approximately 4,570,200 kg CO2e, which includes 27,421.2 kg CO2e from Scope 1 emissions and 3,852,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions breakdown reveals significant contributions from business travel (1,316,217.6 kg CO2e), employee commuting (2,362,793.4 kg CO2e), and purchased goods and services (589,555.8 kg CO2e). In 2022, the company’s Scope 3 emissions were about 4,441,000 kg CO2e, indicating a reduction in emissions to 3,864,000 kg CO2e in 2024. This demonstrates a commitment to decreasing their carbon footprint over time. Despite these figures, Magnit has not disclosed specific reduction targets or initiatives, such as those aligned with the Science Based Targets initiative (SBTi). The absence of documented reduction targets suggests a need for further clarity on their long-term climate commitments.
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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.
