Environmental, Social and Governance
Our Social Values
Led by Majority-Independent Board with a Commitment to
DEIB (Diversity, Equity, Inclusion, and Belonging).
32.3% and 25.9%
Based on data from employees who chose to self-identify, we increased representation among women (30.9% to 32.3%) and racial minorities (23.3% to 25.9%) within our U.S. workforce
Since the Charitable Giving Program’s inception in 2018 through 2020, CarGurus has donated nearly $500,000 to charities across the markets we operate
In 2020, more than 96% of our employees participated in learning and development activities worldwide
MESSAGE FROM OUR CEO
At CarGurus, we give people the power to reach their destination, enabling consumers and dealers with the confidence and tools to buy or sell any vehicle, anywhere, at the right price, and in the right way for them. We are driven by our pioneering mindset, collaborative approach, and our commitment to transparency. 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' first Corporate Social Responsibility (CSR) Report.
At the outset of 2020, it would have been nearly impossible to predict how the year would evolve unlike any other. As a society, we navigated a global pandemic, tragic events of systemic racial violence and injustice, environmental disasters, contentious social, economic, and political issues, and so much more. During this time, as a company, we saw the need to step up our efforts to listen, learn, and evolve in ways that support putting people and community first. We learned that it's never too late to stand up and speak up in pursuit of meaningful change, and I'm proud of the way our company handled these unprecedented moments. Despite the challenges we have and will continue to face, I'm inspired by our employees' and customers' resiliency, adaptability, and drive.
This report covers the ways in which CarGurus is 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 more. In addition, we share how investment 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 and beyond.
While there is still much to learn and even more to do as we formally launch our ESG journey, 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.
Future headquarters in Boston, Massachusetts will offer cutting edge systems for energy efficiency and sustainability, consistent with a LEED Gold certified building, will be easily accessible by public transportation and will have electric vehicle charging stations and indoor bike racks. We believe it is important for us to operate our businesses in an energy efficient and sustainable manner and we believe our new headquarters will allow us to stay true to our beliefs by helping us further reduce our environmental impact.