Taylor Morrison Details Corporate Responsibility Initiatives in Seventh Annual Sustainability and Belonging Report
Rhea-AI Summary
Taylor Morrison (NYSE: TMHC) has released its seventh annual Sustainability and Belonging Report, marking significant progress in its environmental and social initiatives. The report, now available in an interactive online format, showcases the company's commitment to sustainable operations and corporate responsibility.
Key highlights include a 47% lower average home energy consumption compared to industry benchmarks, with homes scoring 53 on the HERS® scale versus 100 for typical 2006 standards. The company has protected over 9,200 acres of Certified Wildlife Habitat® and established more than 150 Certified Natural Open Spaces™ since 2019. Taylor Morrison also conducted its first materiality assessment and submitted its inaugural CDP response for climate-related disclosures.
The report aligns with major sustainability frameworks including SASB, GRI, UN SDGs, and TCFD, demonstrating the company's comprehensive approach to environmental stewardship and corporate governance.Positive
- 47% lower average home energy consumption compared to HERS® benchmark
- Protection of over 9,200 acres of Certified Wildlife Habitat® since 2019
- Enhanced GHG inventory with additional scope 3 categories
- Lower average insurance premiums for homeowners due to climate-resilient construction
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- None.
News Market Reaction
On the day this news was published, TMHC gained 7.48%, reflecting a notable positive market reaction. Argus tracked a peak move of +4.0% during that session. Our momentum scanner triggered 65 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $470M to the company's valuation, bringing the market cap to $6.76B at that time.
Data tracked by StockTitan Argus on the day of publication.
National homebuilder Taylor Morrison's latest report highlights commitment to building a more sustainable future
This year's report features its first-ever online edition, designed to create a more interactive reader experience with a clickable menu bar to navigate through the report. To view Taylor Morrison's Sustainability and Belonging Report, visit: https://investors.taylormorrison.com/sustainability/default.aspx
"Sustainability is the foundation of our resilience as an organization, influencing every area of our business and guiding us through any market condition," said Taylor Morrison Chairman and CEO Sheryl Palmer. "As we mark our seventh year of reporting on Taylor Morrison's corporate responsibility initiatives, I'm inspired by our team's ongoing progress to build a more sustainable future and unwavering commitment to fostering a true sense of community in our neighborhoods across the country."
For the first time, Taylor Morrison conducted a materiality assessment to better understand the respective importance of sustainability-related issues and climate-related risks and opportunities to Company stakeholders. This assessment will inform Taylor Morrison's sustainability strategy and reporting moving forward. Key milestones within the Sustainability and Belonging Report showcasing a transformative corporate responsibility journey include:
- Greater progress in enhancing the Company's greenhouse gas (GHG) inventory, including the addition of two relevant scope 3 categories, increased data granularity, and more robust value-chain-specific data through vendor engagement and internal data quality initiatives.
- 47 percent lower average home energy consumption than the Home Energy Rating System (HERS®) new home benchmark, reflecting progress in increasing energy efficiency and reducing operation GHG emissions of Taylor Morrison's homes. Taylor Morrison reported an average home score of 53, compared to 100 for a typical home built to 2006 energy efficiency standards.
- Strengthening of Taylor Morrison's exclusive partnership with the National Wildlife Federation to safeguard wildlife habitat, promote biodiversity with native plants, and engage homeowners in conservation efforts. Since 2019, Taylor Morrison has established more than 150 Certified Natural Open Spaces™ and protected over 9,200 acres of Certified Wildlife Habitat®.
- Steadfast focus on construction quality with a heightened emphasis on the climate resiliency of Taylor Morrison homes, which contributed to lower average insurance premiums for homeowners.
- Leadership in inclusion, belonging and equal opportunity, including a strong focus on ensuring team members are well equipped with training and products to effectively serve the Company's broad consumer base.
- Inaugural CDP response on the global environmental disclosure platform, reflecting Company action on stakeholder requests for climate-related information.
Taylor Morrison's disclosures align with the material topics highlighted by the Sustainability Accounting Standards Board (SASB), the Global Reporting Initiative (GRI), the United Nations' Sustainable Development Goals (SDGs) and the Task Force on Climate-related Financial Disclosures (TCFD). Taylor Morrison also holds several national accolades for its commitment to sustainability, including Newsweek's America's Most Responsible Companies since 2022 and America's Greenest Companies since 2023.
About Taylor Morrison
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For more information about Taylor Morrison, please visit www.taylormorrison.com.
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SOURCE Taylor Morrison
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