Magnite, Inc. Sustainability Profile
Magnite, Inc., a leading player in the advertising technology sector, is headquartered in the United States. Founded in 2020 through the merger of Rubicon Project and Telaria, Magnite has quickly established itself as a prominent force in the programmatic advertising landscape. The company operates primarily in North America and Europe, providing innovative solutions that empower publishers and advertisers to maximise their revenue. Magnite's core offerings include a comprehensive supply-side platform (SSP) and advanced video advertising solutions, distinguished by their robust analytics and user-friendly interface. With a commitment to transparency and efficiency, Magnite has garnered a strong market position, serving a diverse clientele and achieving significant milestones in the digital advertising space. As the industry evolves, Magnite continues to lead with cutting-edge technology and strategic partnerships, solidifying its reputation as a trusted partner in the advertising ecosystem.
DitchCarbon Score
How does Magnite, Inc.'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 Business 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
Magnite, Inc.'s score of 38 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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Magnite, Inc.'s reported carbon emissions
Magnite, Inc., headquartered in the United States, has set ambitious climate commitments aimed at significantly reducing its carbon emissions. Although specific emissions data for the most recent year is not available, the company has established a comprehensive framework for its greenhouse gas (GHG) reduction targets. Magnite has committed to achieving net-zero GHG emissions across its entire value chain by 2050. This commitment includes specific near-term targets to reduce absolute Scope 1 and Scope 2 emissions by 42.5% by 2030, using 2022 as the base year. Furthermore, the company aims to increase its active annual sourcing of renewable electricity from 66% in 2022 to 100% by 2030. Additionally, it plans for 80% of its suppliers, covering purchased goods and services and capital goods, to have science-based targets by 2029. For long-term goals, Magnite has set a target to reduce absolute Scope 1 and Scope 2 emissions by 90% by 2050, alongside a similar 90% reduction target for Scope 3 emissions within the same timeframe. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit warming to 1.5°C. Overall, Magnite, Inc. is taking significant steps towards sustainability and climate responsibility, with a clear roadmap for reducing its carbon footprint in the coming decades.
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Magnite, Inc.'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.
Magnite, Inc. 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.
