CarMax Drives Social Impact and Sustainability Efforts for All Stakeholders

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May 16, 2023

NORTHAMPTON, MA / ACCESSWIRE / May 16, 2023 / CarMax, Inc. (NYSE:KMX, Financial), the nation's largest retailer of used cars, announced the release of its 2023 Responsibility Report. The report features expanded disclosures regarding CarMax's environmental, social and governance priorities, including details on the company's relevant climate-related risks and opportunities in a manner aligned with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). In addition, the report provides updates on several key initiatives, including progress on meeting 2025 greenhouse gas emissions reduction goals, enhancements to the company's diversity and inclusion program, and the company's expanded impact on local communities.

"We are excited to share our 2023 Responsibility Report, which outlines the meaningful progress we have made over the last year in our social impact and sustainability efforts," said Bill Nash, CEO of CarMax. "There are many notable developments outlined in this report, and we are particularly proud of our associate culture that thrives with inclusivity increasingly at its center, our enhanced disclosure and transparency on climate-related issues, and the tangible impact we are making in our local communities. Thanks to these efforts, we are confident that we are well-positioned to contribute to a better society for everyone and drive the long-term sustainable value of CarMax for all our stakeholders."

A few key initiatives that are outlined further in the report include: