Magazine Luiza SA

Lobbying Transparency and Governance

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Direct Lobbying Transparency
Overall Assessment Comment Score
Moderate Magazine Luiza provides a moderate level of detail on its climate-policy lobbying. It identifies one concrete piece of legislation, “Bill 528/2021,” and notes that it is also tracking “a new Bill that will be forwarded by the Brazilian government to the national congress,” while situating its work within the broader areas of “carbon taxation and mitigation targets” at the national level in Brazil. The company describes several distinct ways it seeks to influence policy, including “monitoring discussions in working groups and committees,” engaging in the “São Paulo Environmental Agreement” and the “Race to Zero” initiative, and the “voluntary submission of emissions data,” and it names specific public-policy targets such as “Cetesb,” “FGV,” and “Fecomércio.” With respect to objectives, it states a general intention to accelerate adoption of “MRV mechanisms, carbon taxation, emission reduction targets and reporting guidelines,” but it does not lay out precise legislative changes, quantitative goals, or alternative proposals it is advocating. Together, these disclosures show clear transparency about who it engages and how, but only limited clarity on the specific policies addressed and the concrete outcomes it is seeking. 2
Lobbying Governance
Overall Assessment Comment Score
Moderate Magazine Luiza SA has established a “dedicated carbon team within the company that monitors the discussion agendas of Fecomercio, FGV, Cetesb and ABVTex” and ensures that “the positioning of the organizations is in harmony with the positioning of Magalu” through shared materials and internal discussion, providing a concrete mechanism for aligning its indirect lobbying activities with its climate commitments. The carbon team functions as a formal body overseeing these engagement processes. However, the company does not disclose any process for governing direct lobbying efforts or any involvement of senior leadership or board oversight in reviewing its climate-related advocacy, nor does it reference a formal policy or external audit to ensure alignment across all lobbying channels. 2