Carsales com : FY22 Sustainability Report

INTRODUCTION

At carsales, our purpose is to make buying and selling a great experience.

We bring together our people, consumers, dealers and manufacturers to deliver the best solutions and experiences in the automotive, commercial, industry and leisure vehicle classifieds markets globally.

Our success in remaining a leader in the long term lies in our operating model which embeds sustainable business practices across key elements of our value chain (refer to our 'Sustainability Strategy' section, on page XX, for details).

This Sustainability Report explains what 'sustainability' means to us and our key stakeholders and how we constantly seek to improve our management practices to address critical environmental, social and governance (ESG) issues in this fast-paced, evolving environment. This desire for continuous improvement translates into clear strategies to achieve our goals and targets, firm action across multiple areas of our business and careful monitoring of the outcomes and our progress towards achieving them.

Our Sustainability Roadmap on page XX demonstrates where we intend to go in future years of our sustainability journey. We also provide an update on our FY22 performance on page XX.

To understand more about the structure, scope, and other reporting practices of our Sustainability Report, please refer to the 'About this Report' section on page XX.

This Sustainability Report explains what 'sustainability' means to us and its our stakeholders.

carsales is committed to the transparent reporting and continuous improvement of its sustainability practices, performance, and progress.

This Sustainability Report provides information on the overall sustainability management and performance of carsales from 1 July 2021 to 30 June 2022, aligning to the company's financial reporting period. The report complements carsales' Annual Report, Corporate Governance Statement, Governance Charters, Corporate Policies and other key governance reports which are available onour shareholder website together with this report.

This report has been prepared with reference to the Global Reporting Initiative's (GRI) Standards: Core option and to the Sustainability Accounting Standards Board (SASB) standard for the Internet Media and Services sub-industry. Our disclosures relate to the most material sustainability areas of our business, as well as additional areas that are important to us and our stakeholders. For guidance on alignment with the GRI and SASB standards we have included GRI and SASB indices. These indices also assist the audience in navigating this report and provide a better understanding of scope and content under each material area. This year we are also reporting the extent to which our sustainability practices contribute to the United Nations (UN) Sustainable Development Goals (SDG).

The SDGs were adopted by all UN Member States in 2015, as part of the 2030 Agenda for Sustainable Development which set out a 15-year plan to achieve the SDGs. We have also included an SDG index to link each material area and our associated sustainability management practices to the SDGs and their specific targets.

The process for defining the report's content was based on the GRI Reporting Principles. The principles include stakeholder inclusiveness, sustainability context, materiality and completeness, and carsales believes that this report conforms with these principles. No assurance was sought for this year's sustainability report, however, we are considering whether we utilise assurance in future reports.

All questions on the Sustainability Report or our sustainability initiatives should be addressed to our Company Secretary, Nicole Birman.

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F +61 3 9093 8697 carsales.com.au