Magnit

No leading practices were identified for the company in the governance and strategy measurement area.

Food loss and waste
Magnit displays leading practice on reducing food loss and waste by setting a 2025 target to reduce food waste by 50% and reporting on progress annually. The company has an opportunity to further strengthen its commitment by demonstrating collaboration with value chain partners to prevent food loss and waste.

No leading practices were identified for the company in the nutrition measurement area.

No leading practices were identified for the company in the social inclusion measurement area.

Sustainable development strategy
As part of its sustainability strategy, Magnit has identified focus areas and objectives that cover topics within the benchmark dimensions of nutrition, environment, and social inclusion. The company demonstrates it has identified and prioritised these focus areas through a materiality assessment. While the company sets targets under some of its focus areas, it has an opportunity to also set targets related to nutrition.

Governance and accountability for sustainable development
Magnit discloses that the board has ultimate responsibility over the sustainability strategy and its execution. In addition, it has a sustainability department with different working groups to facilitate effective implementation of the strategy. However, Magnit has an opportunity to demonstrate that it is linking remuneration for the board of directors or executives to sustainability performance.

Stakeholder engagement
Magnit demonstrates that it undertakes stakeholder engagement activities and discloses an overview of its key stakeholder groups as well as issues raised with them. The company also demonstrates how it integrates outcomes from stakeholder engagement into its sustainability strategy. However, Magnit has an opportunity to disclose how it identifies its most relevant stakeholders and demonstrate that it is engaging stakeholders on nutrition-related topics.

Scope 1 and 2 greenhouse gas emissions
Magnit reports on reductions for its scope 1 and 2 greenhouse gas (GHG) emissions and has set a 2025 target to reduce its GHG emissions by 30%. However, the company does not specify whether this target includes both scope 1 and 2 GHG emissions.

Scope 3 greenhouse gas emissions
Magnit does not disclose quantitative evidence to demonstrate that it is reducing its scope 3 GHG emissions.

Protection of terrestrial natural ecosystems
Magnit does not disclose activities aimed at achieving deforestation and conversion-free (DCF) supply chains for its relevant high-risk commodities. It has an opportunity to disclose commitments to source its high-risk commodities through recognised certification programmes or set targets for achieving DCF supply chains.

Sustainable fishing and aquaculture
Magnit does not disclose that it undertakes sustainable sourcing of seafood and aquaculture feed ingredients.

Protein diversification
Magnit does not disclose that it is diversifying its protein portfolio, for instance, by increasing the proportion of plant-based proteins and other alternatives such as cell-based meat analogues and plant-based dairy options.

Plastic use and packaging waste
Magnit provides evidence of activities to reduce plastic use, such as transitioning to bags made with 30% recycled plastic. In addition, the company has set a 2025 target to recover and recycle 100% of its recyclable plastics. While the company reports on progress using a three-point scale (beginning the process, substantial progress, and target achieved), it does not provide quantitative reporting against this target.

Availability of healthy foods
Magnit does not provide evidence of improving the nutritional quality of its products and of proportionally increasing the sales of healthy and nutritious foods.

Accessibility and affordability of healthy foods
Magnit does not disclose a commitment and evidence of activities to improve the accessibility and affordability of healthy foods for vulnerable groups.

Clear and transparent labelling
Magnit has set a 2025 target to make information about nutrition available to all consumers. However, the company provides no further information on whether it complies with national regulations regarding labelling or provides nutritional information to consumer on its packaging.

Responsible marketing
Magnit does not disclose a responsible marketing policy, nor guidelines specific to marketing to children.

Food safety
Magnit demonstrates that it complies with national legislation regarding food safety and that 100% of its own operations are certified to a food safety scheme recognised by the Global Food Safety Initiative. The company has an opportunity to also provide information on food safety certifications in its supply chain.

Land rights
Magnit requires its supply chain to recognise and respect the legitimate tenure rights related to the ownership and use of land of local communities and offers a grievance mechanism that is accessible to external individuals and communities. The company has an opportunity to disclose its remediation process for land rights grievances.

Child labour
Magnit commits to prohibit child labour in its operations. While the company requires suppliers to not hire workers under the legal working age, it does not require suppliers to prohibit child labour.

Forced labour
While Magnit commits to prohibiting forced labour in its own operations and supply chain, it has an opportunity to disclose a requirement that prohibits its suppliers from retaining workers’ personal documents and restricting workers’ freedom of movement.

Living wage
The company does not disclose that it pays its workers a living wage or requires its suppliers to do the same. Neither has it set targets to do so in the future.

Farmer and fisher productivity and resilience
Magnit provides evidence of activities to support small farmers. This includes offering farmers support in meeting the company’s packaging requirements, financial assistance and special product placement. However, the company does not demonstrate that it is measuring the impact of its support activities.

Magnit provides grievance mechanisms for both workers and third parties and commits to respecting the ILO core labour rights in its operations and supply chain. While Magnit addresses human rights in its sustainability report, the company does not disclose a policy statement committing to respect the human rights of its workers. Moreover, no evidence of a human rights due diligence process was found and the company does not demonstrate how it engages with affected and potentially affected stakeholders.

Magnit commits to respecting the health and safety of its workers and places similar expectations on its business relationships but can strengthen its monitoring and quantitative reporting on the issue. The company reports on collective bargaining agreements and commits to prohibit excessive working hours in its operations, but does not demonstrate how it supports these practices in its supply chain. Moreover, Magnit reports on some key metrics under workforce diversity but there remains room for increased disclosure, such as on race or ethnicity. No relevant commitments and disclosure on living wage and gender equality and women’s empowerment were found in the public domain.

Magnit commits to protect personal data and provides a policy on its use. However, this policy does not disclose the types of information Magnit collects, the third parties this is shared with and whether users can receive a copy of information collected. Magnit prohibits bribery and corruption, includes related clauses in contracts with business relationships and provides a whistle-blower mechanism. It can further improve disclosure on its processes to identify bribery and corruption risks and impacts. While Magnit reports on tax expenditures, it does not disclose a global tax policy. Lastly, although prohibiting political contributes, the company does not disclose its approach to lobbying and political engagement.