CASY: Home run: Strong end to F26, F27 guidance points to modest upside to consensus

Research evidence excerpt

CASY: Home run: Strong end to F26, F27 guidance points to modest upside to consensus

Casey's General Stores, Inc.

Key sustainability questions

This section is intended to highlight key sustainability discussion points relevant to this company, as well as our views on the outlook. Both the

questions we highlight and our responses will evolve over time as the dialogue between management, analysts and investors continues to

advance. We welcome any feedback on the topics.

Our view

What are the most material In our view, the most material issue for Casey’s and the broader c-store industry

sustainability issues facing this includes the environmental footprint related to vehicular fuel emissions. Starting

company? with calendar year 2021 data, the company began calculating Scope 1, 2, and 3 GHG

emissions with the intention to disclose Scope 1 and 2 emissions data beginning

in September 2023 and material Scope 3 emissions data in 2024. Environmental

achievements for 2022 include the increase of renewable blended fuel sales to 87%

of all fuel sales and the rollout of 114 electric vehicle charging stations across 26

locations. In our view, the gradual increase in the mix of renewable energy in the

offering is a long-term initiative driven by regulation, consumer choice, and uptake

of flex-fuel and electric vehicles.

Does the company integrate An internal working group made up of representatives from procurement,

sustainability considerations into its distribution, human resources, operations, marketing, and legal oversees

strategy? sustainability considerations at Casey’s. The company reports on initiatives and

achievements, notably around the reduction of GHG emissions, recycling, employee

wellness, and a host of other Environmental and Social issues. Casey’s does