Cavco Industries Releases 2024 Enviornmental, Social and Governance

Rhea-AI Summary

Cavco Industries (Nasdaq: CVCO) has released its 2024 Environmental, Social and Governance Report, highlighting the company's commitment to affordable housing solutions, environmental sustainability, and transparent governance practices. The report showcases Cavco's strategic initiatives, including:

- Company growth and design innovations
- Safety data and community engagement efforts
- Environmental programs like the Glendale Solar Power Initiative
- Adoption of the Sustainability Accounting Standards Board (SASB) reporting framework

CEO Bill Boor emphasized Cavco's 60-year role in providing affordable homes and its dedication to advancing the manufactured housing industry. The report reflects Cavco's core values and steps taken to foster market growth, operational excellence, team member success, and governance improvements.

Positive

• Adoption of SASB reporting framework for improved ESG transparency
• Implementation of environmental programs like the Glendale Solar Power Initiative
• Long-term commitment to advancing the manufactured housing industry
• Focus on providing affordable housing solutions

Negative

• None.

Cavco Industries unveils its 2024 Environmental, Social and Governance Report, emphasizing its dedication to affordable housing solutions, environmental sustainability and transparent governance practices.

Plano, TX, Oct. 22, 2024 (GLOBE NEWSWIRE) --

	For additional information, contact:
	Mark Fusler Corporate Controller and Investor Relations investor_relations@cavco.com
News Release	Phone: 602-256-6263 On the Internet: www.cavcohomes.com

FOR IMMEDIATE RELEASE

CAVCO INDUSTRIES RELEASES 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

Cavco Industries unveils its 2024 Environmental, Social and Governance Report, emphasizing its dedication to affordable housing solutions, environmental sustainability and transparent governance practices.

PHOENIX, Ariz., October 22, 2024 (GLOBE NEWSWIRE) – Cavco Industries, Inc. (Nasdaq: CVCO) is proud to announce the release of its 2024 Environmental, Social and Governance Report (ESG). The report provides insights into Cavco’s strategic initiatives to advance innovative affordable housing solutions while upholding high standards of business, environmental and social responsibility.

Key highlights include company growth, design innovations, safety data and community engagement efforts. The report also details Cavco’s environmental programs, like the Glendale Solar Power Initiative, and the company’s adoption of the Sustainability Accounting Standards Board (SASB) reporting framework to improve transparency in ESG disclosures.

“For nearly 60 years, Cavco has played a pivotal role in building affordable homes that provide security, stability and wealth-building opportunities for families,” said Bill Boor, President and CEO of Cavco Industries. “This year’s report underscores our long-term commitment to advancing the manufactured housing industry, adhering to ethical business practices, promoting social responsibility and helping more people achieve their dreams of homeownership.”

The 2024 ESG report reflects Cavco’s core values, showcasing meaningful steps taken to foster market growth, operational excellence, team member success and governance improvements. The full report is available at https://investor.cavco.com/general-documents/. For more information about Cavco’s environmental, social and governance (ESG) efforts, visit https://www.cavcohomes.com/esg.

About Cavco
Cavco Industries, Inc., headquartered in Phoenix, Arizona, designs and produces factory-built housing products primarily distributed through a network of independent and Company-owned retailers. We are one of the largest producers of manufactured and modular homes in the United States, based on reported wholesale shipments. Our products are marketed under a variety of brand names including Cavco, Chariot Eagle, Colony, Commodore, Destiny, Durango, Fairmont, Fleetwood, Friendship, Manorwood, MidCountry, Nationwide, Palm Harbor, Pennwest, R-Anell and Solitaire. We are also a leading producer of park model RVs, vacation cabins and factory-built commercial structures. Cavco’s finance subsidiary, CountryPlace Mortgage, is an approved Fannie Mae and Freddie Mac seller/servicer and a Ginnie Mae mortgage-backed securities issuer that offers conforming mortgages, non-conforming mortgages and home-only loans to purchasers of factory-built homes. Our insurance subsidiary, Standard Casualty, provides property and casualty insurance to owners of manufactured homes.

FAQ

What are the key highlights of Cavco Industries' 2024 ESG Report?

The key highlights of Cavco Industries' 2024 ESG Report include company growth, design innovations, safety data, community engagement efforts, environmental programs like the Glendale Solar Power Initiative, and the adoption of the SASB reporting framework for improved ESG transparency.

How long has Cavco Industries (CVCO) been in the affordable housing industry?

According to the press release, Cavco Industries has been playing a pivotal role in building affordable homes for nearly 60 years, providing security, stability, and wealth-building opportunities for families.

What environmental initiative did Cavco Industries (CVCO) mention in their 2024 ESG Report?

Cavco Industries mentioned the Glendale Solar Power Initiative as one of their environmental programs in the 2024 ESG Report.

What reporting framework did Cavco Industries (CVCO) adopt for their ESG disclosures?

Cavco Industries adopted the Sustainability Accounting Standards Board (SASB) reporting framework to improve transparency in their ESG disclosures.