Magnit

Stakeholder engagement
The company discloses an overview of the issues raised during its regular and ongoing stakeholder engagement activities as well as the engagement channels, for each stakeholder group.

Sustainability strategy and accountability
The company discloses its process for identifying and prioritising its most relevant sustainability impacts as well as the outcome of this process, in relation to its sustainability strategy.

GHG emissions
The company has a time-bound target to reduce its scope 1 and 2 emissions.

Resource exploitation and circularity performance
The company discloses activities to improve soil health or agrobiodiversity in its production or sourcing practices.

Solid and air pollution
The company demonstrates commitment and partakes in activities related to plastic use reduction and transitioning towards sustainable packaging. It reports on the amount of plastic waste generated and proportions directed from or to disposal. Additionally, the company reports regularly on air quality parameters of emissions of harmful air pollutants.

Indigenous Peoples’ and land rights
The company requires its business relationships to identify and recognise affected Indigenous Peoples and to obtain their free, prior and informed consent regarding whether and how to carry out projects.

Act ethically
The company has a policy prohibiting bribery and corruption, includes anti-bribery and anti-corruption clauses in its contracts with direct business relationships and has a grievance mechanism for stakeholders to raise concerns and complaints regarding bribery and corruption. It also discloses income tax payments for all its tax jurisdictions and specifies that it does not make political contributions.

Provide and promote decent work
The company has a publicly available policy statement in which it commits to respecting the health and safety of workers and expects its business relationships to commit to respecting the health and safety of their workers. The company also publicly states that workers shall not be required to work more than 48 hours in a regular work week or 60 hours including overtime. Furthermore, the company discloses the proportion of its total direct operations workforce covered by collective bargaining agreements and the proportion of its total direct operations workforce for each employee category by age group. It also discloses the proportion of women in its total direct operations workforce for each employee category.

Respect human rights
The company has a publicly available policy statement committing it to respect human rights and the ILO core labour rights, and expecting suppliers to respect the ILO core labour rights.

Lobbying
The company does not report on its lobbying and advocacy practices on nature-related issues, nor whether these activities align with its sustainability strategy.

Sustainability strategy and accountability
The company discloses some sustainability objectives/targets including climate and water. However, there is an opportunity to establish group-wide targets for the most material parts of its value chain. Also, while the company reports consistently against some targets including climate, water, and food waste, it has an opportunity to report consistently against all its targets. Furthermore, it could link performance criteria in senior executives’ remuneration policies to targets and objectives which cover nature, including biodiversity, and social issues. Lastly, the company could improve its transparency by disclosing whether its highest governance body has expertise with respect to the company’s most material sustainability topics.

Ecosystem conversion and restoration
No evidence was found regarding the company’s efforts to avoid ecosystem conversion, including deforestation, or promote restoration. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets.

GHG emissions
The company should set time-bound targets to reduce its scope 3 greenhouse gas emissions as well as report progress against all its scope 1, 2 and 3 targets. Crucially, all its scope 1, 2 and 3 targets need to align with a 1.5-degree trajectory.

Impact and dependencies assessment
The company has an opportunity to disclose assessments of its impacts on nature, including biodiversity, within its own operations and in its supply chain. It also has the opportunity to disclose its dependencies on nature within its own operations and upstream business relationships.

Invasive species
The company has not identified any activities that could lead to the introduction of invasive alien species in its own operations.

Key areas and species
The company has an opportunity to disclose locations within or adjacent to areas important for biodiversity, both in its own operations and its supplier locations. It could also disclose existing species populations existing in or adjacent to both its own and its suppliers’ locations, as well as the conservation status of species identified at its own sites according to national and international lists.

Resource exploitation and circularity performance
No evidence was found regarding the company’s efforts to work towards a circular economy or which organisms it exploits. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets.

Solid and air pollution
The company should commit to avoid developing or marketing new chemicals or products with SVHC (substance of very high concern) properties, as well as work on reducing the production of hazardous substances and waste. It could also report time-bound targets to reduce air pollutants across the most material parts of its value chain. While the company describes its activities to reduce plastic use and transition towards sustainable packaging, it has an opportunity to disclose the associated quantitative data.

Water
The company does not disclose relevant information related to water, in its operations or supply chains.

Indigenous Peoples’ and land rights
The company does not show if it is committed to respecting Indigenous Peoples’ rights or land rights of local communities.

Safe, clean, healthy and sustainable environment
The company has an opportunity to commit to respecting local communities’ right to a safe, clean, healthy and sustainable environment, and to zero tolerance for acts of violence, threats, intimidation or judicial harassment committed against land and environmental rights defenders. Moreover, it should track its actual or potential negative impacts on the health of local communities.

Act ethically
The company has a process for identifying bribery and corruption but could disclose details of this process. It could also have a policy setting out its lobbying approach and disclose its expenditures on lobbying activities. Additionally, the company could disclose that it requires third-party lobbyists to comply with its lobbying and political engagement policy.

Provide and promote decent work
While the company discloses that it launched a project for independent ESG assessment, t has an opportunity to disclose how it monitors the health and safety performance of its suppliers. It could also disclose a time-bound target for paying all workers a living wage or that it has achieved paying all workers a living wage, and disclose how it determines a living wage for the regions where it operates. Furthermore, while the company has set expectations on the wage paid by its suppliers, it has an opportunity to add a requirement for them to pay a living wage, and disclose how it supports the payment. It also has an opportunity to disclose time-bound targets on gender equality and women’s empowerment and that it has at least 30% women on the board. Lastly, the company could disclose the ratio of the basic salary and remuneration of women to men in its total direct operations workforce for each employee category, by significant locations of operation.

Respect human rights
While the company has conducted a materiality risk assessment, it has an opportunity to disclose how it identifies human rights risks and impacts in its operations and supply chain. It could also describe its process for assessing and identifying what it considers to be its salient human rights issues, or the results of its human rights risk assessment. The company also has an opportunity to disclose a global system to act on, prevent or mitigate its salient human rights issues.