KB Home Releases 16th Annual Sustainability Report, Detailing Its Industry-Leading Initiatives and Achievements

KB Home (NYSE: KBH), one of the largest and most recognized homebuilders in the U.S., today released its 16th Annual Sustainability Report. The report highlights the company’s industry-leading sustainability and social impact initiatives and achievements in 2022.

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KB Home releases 16th Annual Sustainability Report, detailing its industry-leading initiatives and achievements. (Photo: Business Wire)

Over the course of a year marked by substantial changes in the housing market and uncertainty in the global economic outlook, KB Home stepped forward and launched a first-of-its-kind microgrid community in California that represents a future model for residential energy independence and interdependence. Additionally, KB Home made an industry-leading commitment to water conservation for its new communities located in drought-impacted regions. The company continued to contribute to meaningful social impact through an inclusive company culture and philanthropic programs, and by making homeownership attainable for first-time buyers who organically reflect the face of America. KB Home also leveraged and enhanced its strong governance structures and processes to help promote long-term value for all its stakeholders.

“KB Home has maintained a steady course toward greater sustainability for nearly two decades. During this time, sustainability has been an operational driver enabling us to reduce the total cost of homeownership and expand our reach with our core first-time and first-move up homebuyers as we also strive to do the right thing for the planet and our business,” said Jeffrey Mezger, KB Home Chairman, President and Chief Executive Officer. “This past year, we focused on advancing our efforts across each pillar of sustainability — environmental, social and governance — underscoring the strength of our purpose-driven commitment. We are committed to doing well by doing good in support of a more sustainable world.”

KB Home maintained its industry leadership position in sustainability with the following outcomes that it believes demonstrated its priorities in action:

People Driven
In 2022, KB Home:

• Helped over 13,700 customers realize their dream of homeownership, with 76% first-time and first move-up homebuyers and 66% from diverse backgrounds.
• Was once again the #1 customer-ranked national homebuilder based on homebuyer satisfaction surveys from a leading third-party review site, TrustBuilder.
• Continued to foster a workplace that strives to treat employees with fairness and dignity, promote inclusivity and provide equal opportunities for professional growth. Women and ethnic minorities constituted 41% and 38% of company employees, respectively, as of fiscal year-end 2022.
• Provided access to training and development resources on topics ranging from environmental sustainability to ethics through the company’s online employee training platform, KB University (KBU), which was visited over a half million times in 2022.

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