Environmental, Social and Governance
Our Social Values
Led by Majority-Independent Board with a Commitment to
DEIB (Diversity, Equity, Inclusion, and Belonging).
Diversity
We are committed to building a workforce that reflects the diversity of our customers and the world around us.
Equity
We strive to ensure that all employees see themselves represented in leadership roles and across the company and are committed to creating a workplace where everyone has an equitable opportunity to grow, contribute, and develop.
Inclusion
We aim to create an environment where all employees are positioned to thrive at the highest levels.
Belonging
We are dedicated to fostering a culture of belonging where we embrace and celebrate each person’s unique story and perspective.
35.4%
Based on data from U.S. CarGurus employees who chose to self-identify (85.4%), we increased representation among traditionally marginalized racial/ethnic groups year-over-year (34.4% to 35.4%) within our U.S. workforce
$1,000,000+
Through the Charitable Giving Program and our corporate donations, we have donated more than $1,000,000 since inception to charities across the communities in which we operate
100%
In 2023, 100% of our employees participated in learning and development activities
MESSAGE FROM OUR CEO
At CarGurus, our mission is to become 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. We believe in keeping integrity at the heart of everything we do by 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 our 2023 Corporate Social Responsibility Report.
In 2023 we accelerated growth in our core marketplace business while activating our transaction-enabled capabilities to best meet the evolving needs of both consumers and dealers. I’m proud of our ability to stay flexible, adapt quickly where necessary, and remain 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 are focused on making a positive and meaningful impact across our environmental, social, and corporate governance initiatives. We review how investing in our employees and the communities in which we operate shaped our diversity, equity, inclusion, and belonging strategy, employee engagement, and charitable giving efforts over the past year. To that end, we also introduce how in 2023 we began developing a more focused ESG strategy called Drive Change, which we expect to develop throughout the year.
While we believe that there is still more that we can do and learn as a company as we advance our ESG initiatives, I want to acknowledge the outstanding work our team has done thus far. Our ESG-related work would not be possible without employee leadership and their 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.
Jason Trevisan
CEO
Environmental
In 2023 we consolidated our offices to reduce unused space and operate more efficiently ahead of our planned move to our new headquarters, which is currently under construction in Boston, Massachusetts. For commuters, the building will have EV charging stations in the garage and indoor bike racks, and the sidewalks and bike lanes in the surrounding area will be redesigned and improved to accommodate the increased commuter traffic. The broader project also 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. We continue to assess in-office sustainability practices that could be implemented to further our commitment to reducing our environmental impact.
