CarMax initiated an intensive process to identify and align on the company’s climate-related risks and opportunities, allowing for enhanced disclosure and improved management of the business and long-term planning, as well as ensuring CarMax remains well-positioned to comply with potential climate-related reporting mandates. CarMax finalized its greenhouse gas reduction roadmap, which clearly outlines the company’s path to achieving its 2025 climate goal to reduce Scope 1 and Scope 2 greenhouse gas emissions by 50% as compared to the 2018 baseline. The reduction roadmap also serves as a guide for CarMax as it identifies and pursues projects that will reduce its carbon footprint. CarMax made meaningful progress in 2022 by reducing greenhouse gas emissions by more than 10% as measured by its 2025 goal. CarMax remains focused on the intention to become the leading retailer of used electric vehicles (EVs) in the industry and this year focused on continually improving its ability to recondition a broader range of hybrid and EV models, to assess used batteries, and to profitably acquire, price, and sell used EVs.