Magazine Luiza SA

Common Name
Magazine Luiza
Country
Brazil
Sector
Consumer Cyclical
Industry
Specialty Retail
Employees
N/A
Ticker
MGLU3
Exchange
B3 S.A.
Description
Magazine Luiza S.A. is a renowned Brazilian retail company offering a broad range of goods including electronics, furniture, and home appliances. Originating as a physical retail chain, this company h...

Magazine Luiza's GHG Emissions Data Preview

In 2023, Magazine Luiza completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Magazine Luiza has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Magazine Luiza's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Magazine Luiza amounted to 18,352.59 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Magazine Luiza increased by 19.17%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Magazine Luiza's Scope 1 Emissions Over Time

2019202020212022202303.5 k7 k10.5 k14 ktCO2e+83%+3%-1%+35%
  • Total Scope 1
  • Year-over-Year Change

What are Magazine Luiza's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Magazine Luiza were 13,133.22 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Magazine Luiza reduced its Scope 1 emissions over time?

Since 2019, Magazine Luiza's Scope 1 emissions have increased by 151.04%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Magazine Luiza's Scope 1 emissions increased by 34.69%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Magazine Luiza's Scope 2 emissions?

In 2023, Magazine Luiza reported Scope 2 greenhouse gas (GHG) emissions of 5,219.37 tCOâ‚‚e using the location-based method.

Has Magazine Luiza reduced its Scope 2 emissions over time?

Since 2019, Magazine Luiza's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 27.93%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Magazine Luiza's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Magazine Luiza 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Magazine Luiza use for Scope 2 reporting?

In 2023, Magazine Luiza reported its Scope 2 emissions using the location-based method.

Magazine Luiza's Scope 2 Emissions Over Time

2019202020212022202304 k8 k12 k16 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Magazine Luiza's Value Chain Emissions

In 2023, Magazine Luiza reported 168,057.2 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Magazine Luiza includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Magazine Luiza's Scope 3 Emissions Over Time

20192020202120222023065 k130 k195 k260 ktCO2e+106%+239%-26%-11%
  • Total Scope 3
  • Year-over-Year Change

What are Magazine Luiza's Scope 3 emissions?

In 2023, Magazine Luiza reported total Scope 3 emissions of 168,057.2 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Magazine Luiza reduced its Scope 3 emissions over time?

Since 2019, Magazine Luiza's Scope 3 emissions have increased by 363.55%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Magazine Luiza's Scope 3 emissions decreased by 10.62%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does Magazine Luiza disclose?

In 2023, Magazine Luiza reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Magazine Luiza's Scope 3 emissions?

In 2023, the largest contributors to Magazine Luiza's Scope 3 emissions were:

  • Upstream Transportation and Distribution (Cat. 4): 131,517.79 tCOâ‚‚e (78.26%)
  • Employee Commuting (Cat. 7): 17,970.2 tCOâ‚‚e (10.69%)
  • Waste Generated in Operations (Cat. 5): 7,802.25 tCOâ‚‚e (4.64%)

Magazine Luiza's Scope 3 Emissions by Categories

UpstreamTransportation andDistribution(Cat. 4)(78.3%)Employee Commuting(Cat. 7)(10.7%)Waste Generated inOperations (Cat. 5)(4.6%)

Insights into Magazine Luiza's Total Carbon Footprint

In 2023, Magazine Luiza reported a total carbon footprint of 186,409.79 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.36% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Magazine Luiza's total carbon footprint was Scope 3 emissions, accounting for 90.15% of the company's total carbon footprint, followed by Scope 1 emissions at 7.05%.