In 2024, 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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 15,331a | 13,133.22b | 9,750.59b | |
Total Scope 2 | ||||
Market-Based | 0a | 0a | 0a | |
Location-Based | 7,217a | 5,219.37b | 5,650.12b | |
Total Scope 3 | 263,432a | 168,057.2b | 188,022.68b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.49a | 1.7324b | 1.3815b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Magazine Luiza amounted to 22,548 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Magazine Luiza increased by 22.86%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Magazine Luiza were 15,331 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Magazine Luiza's Scope 1 emissions have increased by 193.05%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Magazine Luiza's Scope 1 emissions increased by 16.73%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Magazine Luiza reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 7,217 tCO₂e using the location-based method.a
Since 2019, Magazine Luiza's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Magazine Luiza's emissions have plateaued with no significant change in its energy consumption footprint.ab
Compared to the previous year (2023), Magazine Luiza's Scope 2 emissions (Location-Based) rose by 38.27% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
In 2024, Magazine Luiza reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Magazine Luiza reported 263,432 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 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 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Magazine Luiza reported total Scope 3 emissions of 263,432 metric tons of CO₂ equivalent (tCO₂e).a
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.a
Since 2019, Magazine Luiza's Scope 3 emissions have increased by 626.62%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Magazine Luiza's Scope 3 emissions increased by 56.75%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
In 2024, Magazine Luiza reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Magazine Luiza's Scope 3 emissions were:a
In 2024, Magazine Luiza reported Scope 1 greenhouse gas (GHG) emissions of 15,331 tCO₂e and total revenues of USD 6,157 millions. This translates into an emissions intensity of 2.49 tCO₂e per millions USD.a
In 2024, Magazine Luiza reported a Scope 1 emissions intensity of 2.49 tCO₂e per millions USD. Compared to the peer group median of 2.58, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Magazine Luiza ranked 12 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Magazine Luiza is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Magazine Luiza reported a total carbon footprint of 285,980 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 53.41% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Magazine Luiza's total carbon footprint was Scope 3 emissions, accounting for 92.12% of the company's total carbon footprint, followed by Scope 1 emissions at 5.36%.a