CarMax, Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Renewable Energy Share:41% in 2023
ESG Focus Areas
- Greenhouse gas emission reduction
- Used electric vehicle (EV) expertise
- Community investment
- Women in sports
- Associate well-being
- Sustainable fleet logistics
- Cybersecurity
- AI governance
Environmental Achievements
- Increased renewable electricity use to 41% of total electricity consumed in 2023 (up from 36% in 2022)
- Featured on the Environmental Protection Agency's Green Power Partnership Top 30 Retail list in 2023
- Piloted its first all-electric semi-truck for vehicle hauling in California
Social Achievements
- 20th consecutive year as one of the Fortune 100 Best Companies to Work For®
- Enhanced Associate Care and Connection program
- Donated over $100 million to nonprofit organizations since 2003
- 100% of company locations participated in local volunteer events in 2023
- Built 100th playground with KABOOM!
- Partnerships with NWSL and WNBA to raise visibility of women in sports
Governance Achievements
- Established a Sustainability Council in 2023
- Established an internal EV Strategy Advisors Group
- Enhanced cybersecurity efforts and strengthened governance around the use of AI and Generative AI, including the introduction of its Artificial Intelligence Center of Excellence
Climate Goals & Targets
Short-term Goals:
- Reduce Scope 1 and Scope 2 greenhouse gas emissions 50% by 2025 compared to the 2018 baseline
Environmental Challenges
- Reducing Scope 3 emissions from third-party logistics
Mitigation Strategies
- Increasing use of its own fleet for vehicle transportation
- Investing in renewable electricity
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Fortune 100 Best Companies to Work For® (20 consecutive years)