Climate Change Data

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)