Copart has published its 2024 ESG Report highlighting the company’s achievements and strategies in environmental sustainability, social responsibility, and governance.
Driving a Sustainable Future
In fiscal year 2024, Copart made significant strides in sustainability, avoiding over 12 million metric tons of CO2e emissions through its operations. This achievement was largely driven by extending the lifecycle of vehicles and harvesting green parts, underscoring Copart’s role in the circular automotive economy. The company’s innovative marketplace not only reduces waste but also aligns with global goals for responsible consumption and production.
Copart has invested heavily in reducing its operational footprint. Energy efficiency upgrades, such as LED lighting, new insulation, and solar installations, have decreased energy consumption at multiple facilities. Notably, solar projects initiated in 2022 are expected to produce 55 million kWh of clean energy annually. Internationally, operations in Brazil, Spain, and Finland now rely heavily on renewable energy sources, with some facilities achieving 100% fossil-free electricity usage.
“From our inception, sustainability at Copart has been foundational, in environmental terms and otherwise. Copart’s marketplace extends the useful life of vehicles, components, and materials with every transaction we enable through our auctions.” Jeff Liaw, CEO of Copart Inc.
Community and Climate Resilience
Copart emphasises its commitment to supporting communities, particularly in the face of climate risks. The company’s Catastrophe Response Fleet (CCRF) played a pivotal role in recovery efforts following Hurricanes Helene and Milton, demonstrating enhanced storage, logistics, and technology capabilities. Investments in advanced telematics and mobile tech solutions, such as the Tech Tank, ensure uninterrupted operations during disasters, reinforcing Copart’s role as a reliable partner in public safety.
Beyond disaster response, Copart strengthens community ties through philanthropy. Over $1.2 million was donated to various organisations in 2024, with employees contributing hundreds of volunteer hours. In the U.S., the company provided $500,000 to the Champions Community Foundation, which supports young adults with physical challenges.
Empowering Employees
With a global workforce of 11,700, Copart prioritises employee growth, diversity, and well-being. Training programs, like Brazil’s online courses and the UK’s ‘Accelerate’ platform, offer continuous professional development opportunities. Employee satisfaction remains high, with the company earning accolades such as “America’s Greatest Workplaces for Diversity 2024.”
The Copart Private Foundation Scholarship program has awarded over $2.3 million to employees’ children pursuing higher education. Additionally, flexible work arrangements and robust health and safety measures, such as the Injury and Illness Prevention Plan, exemplify Copart’s dedication to fostering a supportive workplace.
Governance and Ethical Practices
Copart’s ESG strategy is guided by a dedicated Steering Committee and the Nominating and Governance Committee at the Board level. The company’s commitment to ethical business conduct is codified in its Code of Business Conduct and supported by a newly appointed Chief Compliance Officer.
Data security remains a critical focus, with systems aligned to NIST and ISO 27001 standards. Regular training, supplier assessments and incident response plans ensure robust cybersecurity and privacy protections.
The Path Ahead
As Copart celebrates over three decades as a public company, its ESG efforts reflect a long-term vision of sustainable growth. By integrating environmental stewardship, social responsibility, and governance best practices, Copart continues to create shared value for its stakeholders while paving the way for a resilient future.
This summary captures the essence of Copart’s 2024 ESG Report while emphasising the company’s transformative contributions across environmental, social, and governance dimensions.
To read the full report click on the link: ‘Driving Toward a More Resilient Future’
Sources: remarketing.copart.co.uk www.copart.com
