Magalu announces today the raising of 130 million dollars (approximately 765 million reais) from the International Finance Corporation (IFC), largest global development institution focused on the private sector and emerging markets and a member of the World Bank Group. The funds raised will be used for advancements in the technology sector, one of the key areas for implementing the company's long-term strategies. In 2025, Magalu focuses on consolidating its business ecosystem, que inclui a plataforma de retalho, logistics services, payments and credit, Magalu Ads and Magalu Cloud
The contract with the IFC has a term of five years and includes incentives linked to the improvement of social and environmental management across the company's entire ecosystem, with emphasis on reverse logistics indicators and the disposal of electronic products for recycling. The celebration of the fundraising operation strengthens our capital structure and represents an important endorsement from IFC for our social and environmental policies, says Frederico Trajano, CEO of Magalu. It is a powerful sign that we are on the right track.”
The operation with the IFC also results in an extension of the company's average debt maturity, restructuring the capital structure
Our investment in Magalu reinforces IFC's commitment to supporting digital transformation and sustainable development in Brazil. By enhancing Magalu's technological infrastructure we aim to promote inclusive growth and environmental sustainability, in addition to promoting the generation of more qualified jobs in the Brazilian retail sector," disse Manuel Reyes Retana, Regional Director of IFC for South America.
ESG at Magalu
Throughout 2024, Magalu maintained its commitment to the sustainability agenda and expanded strategic fronts of socio-environmental impact, como diversidade e inclusão, entrepreneurship, improvements in packaging composition, energy consumption and reverse logistics of electronic appliances.
The reverse logistics program for electronics counts, currently, with 525 physical stores in the country authorized to receive this type of waste and that collected 31 tons of products last year. Besides this volume, outros 39 toneladas de lixo eletrônico foram recolhidas em um Mutirão do Lixo Eletrônico realizado em Franca, in the interior of São Paulo, company headquarters. In total, almost 70 tons were destined for recycling — volume 300% larger than recorded in 2023
Magalu also replaced the plastic filling of the order boxes delivered to consumers with paper, in your operation of Época Cosméticos. The initiative will be extended to the entire Magalu operation still in 2025. In parallel, guaranteed that all paper and cardboard inputs are certified by the Forest Stewardship Council (FSC), and reduced plastic use in product storage at distribution centres
Magalu expanded the distributed energy generation network that supplies its operations in five states Bahia, Goiás, Mato Grosso, Pernambuco and Rio Grande do Sul. In total, the company operates with 22 photovoltaic power plants and a small hydroelectric plant, que supre a demanda de eletricidade de 65% das filiais. For units that are not eligible to use this system, Magalu contracted wind power from the energy market. With that, Hoje 100% da energia elétrica consumida na operação tem origem em fontes limpas
To strengthen the third sector in combating gender violence, one of their banners, the company created the Magalu Network for Women, que reúne 38 organizações beneficiárias do Fundo Magalu de Combate à Violência Contra a Mulher. Released in 2020, the fund supports psychological support initiatives, legal guidance and income generation for victims of domestic violence. So far, foram destinados 4,7 milhões de reais para projetos de todo o Brasil
Internally, in line with the Diversity and Inclusion Policy, the company strengthened the Affinity Groups, driven by collaborators on four themes: Diversify (LGBT+), Quilombo (Race), Para Todos (PcD) e Vozes (Gênero). In 2024, the groups gathered more than 600 people in weekly schedules and promoted 68 awareness training sessions for employees. In career development, Magalu launched the Move + Program, dedicated to developing women and black people to occupy future leadership positions. In line with the proposed goals, the company closed the year with about 42% women and 41% black people in leadership positions
Since 2019, the company maintains the Social World, a section dedicated to the sale of products with a positive socio-environmental impact on your marketplace. In 2024, the platform gathered 86 sellers and nearly 5 000 products. The sellers of Mundo Social, mainly black women, contam com taxa reduzida para vender na plataforma e têm acesso a programas de desenvolvimento para os seus negócios, that offer everything from management mentoring to support in promoting products on social media
