Environmental, Social and Governance
Our Social Values
Led by Majority-Independent Board with a Commitment to
DEIB (Diversity, Equity, Inclusion, and Belonging).
37.4% and 34.4%
Based on data from U.S. CarGurus employees who chose to self-identify, we increased representation among women and non-binary employees (35.1% to 37.4%) and traditionally marginalized racial/ethnic groups (30.1% to 34.4%) within our U.S. workforce
Through the Charitable Giving Program and our corporate donations, CarGurus has donated more than $1,000,000 all-time to charities across the communities in which we operate
In 2022, 100% of our employees participated in learning and development activities worldwide
MESSAGE FROM OUR CEO
At CarGurus, we’re focused on becoming the #1 digital destination for consumers and dealers to confidently and conveniently buy and sell any vehicle, anywhere, with the best selection and price. Our pioneering mindset, collaborative spirit, data-driven approach, and commitment to speed and transparency fuel our success. Importantly, we believe in keeping integrity at the heart of everything we do; acting responsibly and considering the impact of our actions on each other, our customers, and the world around us. With those values in mind, I am honored to share CarGurus’ annual CSR Report.
As a business, we made great progress in 2022 activating our transaction-enabled capabilities and adapting our offerings to best meet the evolving needs of both our largest consumer audience and our dealer partners. We also continued to invest in our employees, fueling growth for CarGurus and our community members. The year wasn’t without headwinds; macroeconomic uncertainty continued to challenge businesses globally and CarGurus was no exception. However, I’m proud of our ability to stay flexible and focused on the journey ahead, including our continued commitment to the social and environmental initiatives that have contributed to progress both at CarGurus and within the communities in which we operate.
This Report covers the ways in which we’re focused on making a positive impact in the areas of environmental, social, and corporate governance. We review how we continue to reduce our environmental impact through energy-efficient and sustainable workspaces, easy search capabilities for fuel-efficient, hybrid and electric vehicles on our platform, and a selection of environmentally conscious employee benefits. In addition, we share how investing in our employees and the communities we operate shaped our diversity, equity inclusion and belonging strategy, employee engagement, and global citizenship over the past year.
While there is still much to learn and even more to do as we continue to progress with our ESG efforts, I want to acknowledge the tremendous work the team has done thus far. These initiatives would not be possible without their leadership and unwavering commitment to our values, our customers, each other, and our communities. I look forward to continuing the momentum and sharing our progress along the way.
Our new headquarters, which is currently under construction in Boston, Massachusetts, is expected to offer a leading energy-efficiency and sustainability profile. We expect the building to receive LEED Gold certification upon completion. The building will have EV charging stations in the garage and indoor bike racks, and the project scope includes improved sidewalks and bike lanes in the immediate vicinity of the building. Additionally, the project will improve access to bus lines and redevelop a pedestrian tunnel to a new Green Line T station entrance, which we believe will encourage greater use of public transit. As construction progresses on our new corporate headquarters, we continue to introduce and implement new sustainability practices to further our commitment to reducing our environmental impact.