Magnit PAO

Common Name
Magnit
Country
Russia
Sector
Consumer Defensive
Industry
Discount Stores
Employees
386,000
Ticker
MGNT
Exchange
MOSCOW EXCHANGE
Description
Magnit PJSC is a leading Russian retail company operating an extensive chain of convenience stores, hypermarkets, and drugstores across Russia. Primarily focused on the grocery retail sector, its prim...

Magnit's Climate Target Data Preview

As of 2024, Magnit has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 intensity-based target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Magnit ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Intensity-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Russian Ruble (RUR) of Revenue
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a
2025

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Insights into Magnit's Greenhouse Gas Emissions Pathways

As of 2024, Magnit has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions. a

Does Magnit have a target to reduce the emissions from its operations?

As of 2024, Magnit has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Magnit's most ambitious operational target is to reduce these emissions by 30% by 2025, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Russian Ruble (RUR) of Revenue in 2019. a

Magnit has already surpassed its operational emissions reduction target, with 2024 levels falling below the 2025 value, achieving its climate goal ahead of schedule. a

Magnit's Operational (Scope 1+2) Emissions Pathway

20192024202500000BaselineCurrent (-42%)Target 2025 (-30%)
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