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Copart Releases 2023 Report on Environmental, Social and Governance Efforts

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Copart, Inc. (NASDAQ: CPRT) has released its inaugural Fiscal Year 2022 Environmental, Social, and Governance (ESG) report titled "Leading with Sustainable Growth." The report outlines Copart's commitment to sustainability, showcasing efforts in the circular economy through vehicle recycling, promoting diversity within its workforce, and providing disaster relief services. Key contributions include facilitating mobility and economic advancement, alongside investments in sustainable energy. Co-CEO Jeff Liaw highlighted Copart's dedication to environmental stewardship and governance principles established over its 40-year history.

Positive
  • Released inaugural ESG report, highlighting significant sustainability efforts.
  • Contributions to the circular economy through vehicle recycling.
  • Commitment to workforce diversity reflecting community demographics.
  • Active participation in disaster relief during catastrophic events.
  • Investments in sustainable energy generation to support economic advancement.
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  • None.

DALLAS, Nov. 11, 2022 /PRNewswire/ -- Copart, Inc. (NASDAQ: CPRT) released its inaugural report on its ongoing environmental, social, and governance (ESG) efforts.

"From our inception, Copart has always been committed to principles of environmental stewardship, employee diversity and good governance," said co-CEO Jeff Liaw. "We're pleased to release our first report with substantial information about our efforts."

Copart's Fiscal Year 2022 ESG Report, titled "Leading with Sustainable Growth," highlights Copart's contributions, including:

  • Playing a critical role in the circular economy by enabling the re-use and recycling of automotive vehicles and their parts
  • Fielding a leadership team and workforce that reflects the communities we serve
  • Providing critical disaster relief services to our communities during catastrophic weather events
  • Facilitating mobility and economic advancement for societies around the world
  • Investing in sustainable energy generation

"As Copart continues to grow around the world, we remain steadfast in honoring the principles that have guided our journey over the last 40 years," Liaw said.

The report can be viewed at Copart.com/esg. For financial information for investors, visit Copart's Investor Relations page.

About Copart

Copart Inc., (NASDAQ: CPRT) leads the world in online auto auctions and related services. Through its innovative technology, international infrastructure and digital auction platform, Copart connects hundreds of sellers and more than 750,000 Members across some 170 countries. Copart offers vehicles at auction to dealers, dismantlers, rebuilders, exporters and consumers from sellers including dealers, insurance companies, banks, finance companies, charities, fleet operators, vehicle rental companies and individuals. Copart started 40 years ago with a single salvage site, and now operates more than 200 locations in 11 countries that allow it to offer 250,000 vehicles online every day. Copart currently operates in the United States (Copart.com), Canada (Copart.ca), the United Kingdom (Copart.co.uk), the Republic of Ireland (Copart.ie), Brazil (Copart.com.br), Germany (Copart.de), Finland (Copart.fi), the United Arab Emirates, Oman and Bahrain (Copartmea.com), and Spain (Copart.es). Copart Lounges (Copart.com/Lounges) operate in Eastern Europe, Africa & South America in partnership with local auto businesses to provide Members with bidding, buying & shipping services. For more information or to become a Member, visit Copart.com/Register.

CONTACT: Fatima Ali, 972-489-3713, fatima.ali@copart.com 

 

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SOURCE Copart, Inc.

FAQ

What did Copart report in its 2022 ESG report?

Copart's 2022 ESG report details its sustainability efforts, including recycling vehicles, promoting diversity, and providing disaster relief.

When was Copart's ESG report released?

Copart released its ESG report on November 11, 2022.

What is the significance of Copart's ESG report?

The ESG report signifies Copart's commitment to environmental stewardship and governance, emphasizing its sustainable practices.

How does Copart contribute to the circular economy?

Copart contributes to the circular economy by enabling the reuse and recycling of automotive vehicles and parts.

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