In 2023, Magnit conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards. The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
Metric (tonnes) | 2023 | 2022 | 2021 | 2020 - 2017 |
---|---|---|---|---|
Total Waste Generated | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Waste Recovered | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Hazardous Waste Generated | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Non-Hazardous Waste Disposed | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2023, Magnit generated a total of 1,732,451 metric tonnes of waste. a
Of this amount, 23.2% of Magnit's total waste generated was recovered through methods such as recycling, reuse, or composting, while 58.16% was disposed of through landfilling, incineration, or combustion. The remaining 18.64% was either treated using unspecified methods or not clearly categorized. a
In 2023, Magnit reported a total waste generation of 1,732,451 metric tonnes, of which 23.2% was recovered through recycling, reuse, or composting. This low recovery rate highlights limited waste diversion and suggests that Magnit may be relying more heavily on landfill or incineration, underscoring opportunities for stronger resource recovery initiatives. a
Since 2021, Magnit's total waste generation increased by 16.36%, but declined by 2.15% in the year 2023, suggesting a potential shift toward more efficient material use or the early impact of waste reduction strategies. a
Over the same period, Magnit's waste recovery rate remained relatively flat, but increased by 12.45% in 2023, hinting at early momentum toward stronger circularity practices or more robust waste treatment reporting. a
Overall, Magnit’s waste generation and recovery data show a mixed and inconsistent trend. A deeper analysis of the company's activities, industry benchmarks, and operational changes is needed to assess its sustainability performance more precisely.
In 2023, Magnit generated a total of 1,732,451 metric tonnes of waste. a
Of this amount, 0.04% of Magnit's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment. 99.96% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls. a
Since 2021, Magnit's total waste generation increased by 16.36%, including a 2.15% rise in 2023, reflecting a persistent upward trend that could be linked to operational growth, inefficient material use, or limited investment in waste prevention systems. a
Over the same period, Magnit reduced the hazardousness of its waste by 95.24%, with a further 94.38% decline in 2023, suggesting a sustained and meaningful shift toward safer waste profiles and lower environmental impact. a
Overall, Magnit has increased waste over time but is now demonstrating meaningful progress in both reducing waste generation and lowering its hazardous content, potentially signaling a turning point toward sustainability. a
In 2023, Magnit reported that 648 metric tonnes of its total waste output were classified as hazardous. This represents 0.04% of its overall waste generation. a
The company treated this hazardous waste using a combination of methods. Approximately 15.1% was managed through recovery methods, indicating a moderate integration of circular practices into its hazardous waste management. However, a significant share was still directed toward disposal, highlighting room for improvement in reducing the long-term impact of hazardous materials. a