KB Home Releases Its 14th Annual Sustainability Report, the Longest-Running Publication of Its Kind in the Homebuilding Indus...
April 22 2021 - 8:00AM
Business Wire
KB Home (NYSE: KBH) today released its 14th Annual
Sustainability Report. The report details KB Home’s 2020 priorities
and achievements in three core areas: environmental sustainability,
social responsibility and economic sustainability; and highlights
the company’s evolving environmental, social and governance (ESG)
standards and practices as part of its focus on long-term value
creation. Amid the extreme disruption and volatility from the
global pandemic, the company achieved several significant
milestones and made progress toward its sustainability goals.
Below is an outline of the builder’s 2020 achievements:
Environmental Sustainability
Nearly two decades ago, KB Home committed to building
energy-efficient homes and applying innovation toward a more
sustainable future. Since then, the company has expanded its view
of sustainability to encompass renewable solar energy, water
efficiency and waste reduction. In 2020, the company:
- Reached the milestone of over 150,000 ENERGY STAR certified new
homes built, more than any other builder in the nation.
- Achieved the goal for a national average Home Energy Rating
System (HERS®) Index score of 50 (compared to 58 for all builders),
three years ahead of target and set an aggressive new goal of 45 by
2025.
- Attained the major milestone of delivering its 11,000th solar
home.
- Became the first national homebuilder to implement the new
WaterSense® Labeled Homes Program, Version 2.0.
Social Responsibility
As a company in the business of building communities, not just
houses, social sustainability is an important part of KB Home’s
focus. The company believes strong communities are essential
building blocks of a sustainable society. In 2020, the company:
- Announced the groundbreaking research collaboration with Well
Living Lab, further reinforcing its commitment to promoting health
and wellness through sustainable homebuilding.
- Contributed to the revitalization of established neighborhoods
by delivering over 1,400 new homes across more than 15
infill/redevelopment communities.
- Invested in communities through the KB Cares philanthropic
program, helping to build strong social ties through efforts
ranging from assisting people in challenging circumstances to
educating and training the next generation.
Economic Sustainability
Recognizing that a strong housing market is a key engine of
growth for both national and local economies, KB Home believes
building new housing stock is a form of community investment and
infrastructure that contributes to long-term social and economic
benefits. In 2020, the company:
- Helped over 6,000 first-time homebuyers achieve the dream of
homeownership.
- Made contributions to the local economy in the form of over $42
million in local school fees.
- Fostered sustainability innovation and emerging technologies to
support the development of market-ready products for
homebuilding.
“We are proud to share our 14th Annual Sustainability Report,
the longest-running publication of its kind in the homebuilding
industry. It is a compendium of our achievements and progress
toward our sustainability goals,” said Jeffrey Mezger, KB Home
Chairman, President and Chief Executive Officer. “Our commitment to
sustainability is an investment in the future, balancing
affordability for today’s homebuyers with being mindful of the
needs of the next generation. As we build the future together in
2021 and beyond, we will continue to bring our strong relationships
and long-term, purpose-driven approach to the important work of
delivering homes and communities designed to sustain the road
ahead.”
KB Home’s distinctive, purpose-driven approach to operating
sustainably encompasses an array of evolving and well-considered
ESG standards and practices. In 2020, KB Home publicly articulated
additional guiding principles and long-established business
standards and practices, including publishing a human rights
statement and a policy on responsible marketing. In preparing its
14th Annual Sustainability Report, the company utilized the Global
Reporting InitiativeTM (GRI) guidelines and incorporated
information responsive to other prominent standards and reporting
frameworks.
KB Home’s sustainability leadership was recognized by Newsweek®,
with the company being the only homebuilder named to the national
publication’s prestigious 2021 list of America’s Most Responsible
Companies. Additionally, the KB Home team’s opinions earned the
company a place on Forbes’ 2021 list of America’s Best Midsize
Employers, the only national builder to receive this
distinction.
For more information on KB Home’s sustainability and ESG
initiatives and to view the full report, visit
kbhome.com/sustainability.
About KB Home
KB Home (NYSE: KBH) is one of the largest and most recognized
homebuilders in the United States and has been building quality
homes for over 60 years. Today, KB Home operates in 45 markets
across eight states, serving a wide array of buyer groups. What
sets us apart is how we give our customers the ability to
personalize their homes from homesites and floor plans to cabinets
and countertops, at a price that fits their budget. We are the
first builder to make every home we build ENERGY STAR® certified.
In fact, we go beyond the EPA requirements by ensuring every ENERGY
STAR certified KB home has been tested and verified by a
third-party inspector to meet the EPA’s strict certification
standards, which helps lower the cost of ownership. We also work
with our customers every step of the way, building strong personal
relationships so they have a real partner in the homebuying
process, and the experience is as simple and easy as possible.
Learn more about how we build homes built on relationships by
visiting kbhome.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210422005302/en/
Craig LeMessurier, KB Home 925-983-4509
clemessurier@kbhome.com
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