Magazine Luiza SA

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.