Homebuilder recognized for sustainable
business practices in inaugural ranking of 300 companies
SCOTTSDALE, Ariz., Nov. 1, 2023
/PRNewswire/ -- America's Most Trusted® Home
Builder Taylor Morrison (NYSE:
TMHC) joins an elite list of just 300 U.S. companies recognized for
progress in sustainable business practices with its inclusion on
Newsweek's 2024 America's Greenest Companies list. The inaugural
list celebrates companies committed to being good stewards of the
environment and saving resources for future generations, while
setting a benchmark for progress to come.
"As a homebuilder we have one of the most profound opportunities
to build a more sustainable future, and we take that responsibility
to heart," said Taylor Morrison
Chairman and CEO Sheryl
Palmer. "With environmental responsibility top of mind
for today's consumers, it's vital that companies answer the call
and assess their impact on the world around us. For Taylor Morrison, that means offering communities
with exceptional construction standards, energy efficiency and
nature-friendly experiences."
Earlier this year, Taylor
Morrison released its fifth annual Environmental, Social and
Governance (ESG) Report offering transparency to its sustainable
business practices and outlining its plans to continue making a
future impact. Key environmental strategies and accomplishments
over the past year include:
- The appointment of Taylor
Morrison's first Corporate Director of Sustainability
to execute the company's sustainability strategy.
- An initial assessment of the company's Scope 1, 2 and 3
Greenhouse Gas inventory, which Taylor
Morrison intends to use as a benchmark to refine its
long-term carbon reduction strategy, along with its inaugural
alignment with the Task Force on Climate-Related Financial
Disclosures.
- Continuing an exclusive partnership with the National
Wildlife Federation to promote biodiversity and safeguard
natural open spaces across Taylor
Morrison communities. Since 2019, the organizations have
established 72 Certified Monarch Butterfly Gardens, more than 7,622
acres of Certified Wildlife Habitats® and 12 Nature Play
Spaces™ with more than 100 additional underway.
- The introduction of new construction quality standards
with the desire to enhance production efficiency, minimize warranty
costs and reduce liability.
- ESG disclosures aligning with the topics highlighted by the
Sustainability Accounting Standards Board (SASB) and the
Global Reporting Initiative (GRI). Taylor Morrison also refers to the United
Nations' Sustainable Development Goals (SDGs) in areas with
strong alignment to its policies and operations.
- A commitment to selecting sustainable sites for new communities
and a land investment strategy that considers environmental
impacts, flood risk and drainage, wildlife and biodiversity,
water stress, wetland impacts, and wastewater and pollution
management.
- Taylor Morrison homes carry
third-party, industry recognized certifications and standards that
provide transparency of performance and quality, including
HERS® Index Score, ENERGY STAR®
appliances, and water fixtures with EPA's WaterSense
label.
- All Taylor Morrison homes use
Moen Eco-Performance showerheads and faucets, which use up
to 30 and 45 percent less water, respectively, than the industry
standard. In 2022, Moen estimates these products saved 218 million
gallons of water and reused over 1,670 pounds of ocean-recycled
plastic.
"It's especially meaningful to be recognized for our
accomplishments as environmental stewards at such a pivotal time in
our sustainability journey," said Taylor Morrison Director of
Sustainability Chad Eby. "As
Taylor Morrison's first-ever
Director of Sustainability, I look forward to working with our
teams from coast to coast to evaluate and develop a long-term plan
to manage our carbon footprint and advance our sustainability
practices."
In partnership with market data research firm Plant-A and
leading impact data and analytics provider GIST Impact, Newsweek
identified the top 300 companies in the U.S. based on environmental
sustainability that have a minimum market capitalization of
$5 billion and adhere to the European
Union sustainability standard guidelines. The rankings are based on
companies' greenhouse gas emissions, water usage, water generation,
waste generation, and sustainability data disclosure and
commitments.
In addition to being named one of America's Greenest Companies
by Newsweek, Taylor Morrison has
earned several additional accolades including U.S. News & World
Report's Best Companies to Work For list, America's Most
Responsible Companies list by Newsweek, the highest homebuilder
ranking on Wall Street Journal's 2022 Management Top 250, inclusion
on the Bloomberg Gender-Equality Index (GEI) for five years,
America's Most Trusted® Home Builder for eight years,
Hearthstone's 2021 BUILDER Humanitarian Award, and inclusion on the
Fortune 500 list since 2021.
About Taylor
Morrison
Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation's leading
homebuilders and developers. We serve a wide array of consumers
from coast to coast, including first-time, move-up, luxury and
resort lifestyle homebuyers and renters under our family of
brands—including Taylor Morrison,
Esplanade, Darling Homes Collection by Taylor Morrison and Yardly. From 2016-2023,
Taylor Morrison has been recognized
as America's Most Trusted® Builder by Lifestory
Research. Our strong commitment to sustainability, our communities
and our team is highlighted in our latest annual Environmental,
Social and Governance (ESG) Report. For more information about
Taylor Morrison, please visit
www.taylormorrison.com.
CONTACT:
Erin Kristick
(480) 840-8108
ekristick@taylormorrison.com
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SOURCE Taylor Morrison