Magnit 2024 Annual Report with Sustainability Disclosures
Company: Magnit
Sector: Wholesale & retail
Country: Russia
Year: 2024
Type: Annual Report with Sustainability Disclosures
Pages: 105
The report highlights Magnit's performance and strategic achievements in 2024, marking its 30th anniversary. The company expanded its retail network to 31,483 stores and grew its revenue by 20% to RUB 3,043 billion, while also integrating the KazanExpress marketplace as Magnit Market. In terms of sustainability, Magnit achieved a 42% reduction in specific greenhouse gas emissions and a 65% reduction in specific water consumption compared to the 2019 base year. Additionally, the company invested RUB 561 million in social and charitable projects and launched a large-scale employment programme for individuals with disabilities.
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