Taylor Morrison's Commitment to Sustainability and Community Growth
Commitment to a Sustainable Future
National homebuilder Taylor Morrison has showcased its dedication to creating a sustainable future in its latest report, emphasizing corporate responsibility.
Annual Report Highlights
Today, Taylor Morrison (NYSE: TMHC) published its seventh annual Sustainability and Belonging Report, underscoring the firm’s commitment to corporate ethics and sustainability through responsible business practices, a focus on people, and transparent governance.
Interactive Reading Experience
This year marks the introduction of an online edition of the report, designed to foster a more engaging reading experience. It features a clickable menu allowing readers to navigate easily through the various sections of the report.
CEO Insights on Corporate Responsibility
"Sustainability is integral to our organization, influencing all business facets and guiding us through varying market conditions," stated Taylor Morrison Chairman and CEO Sheryl Palmer. "As we celebrate our seventh year of reporting, I am motivated by our team’s progress toward a sustainable future and their commitment to building community across neighborhoods."
Materiality Assessment Implementation
For the first time, Taylor Morrison conducted a materiality assessment to discern the importance of various sustainability issues and climate-related risks to stakeholders. This assessment will directly shape the company's sustainability strategies moving forward.
Milestones in Corporate Responsibility
The report highlights significant strides in Taylor Morrison’s corporate responsibility journey, including:
- Enhanced greenhouse gas (GHG) inventory, adding two relevant scope 3 categories for better data granularity and value-chain-specific information.
- Achieving 47% lower average home energy consumption than the Home Energy Rating System (HERS) benchmark, demonstrating a commitment to energy efficiency.
- Strengthening partnerships with organizations like the National Wildlife Federation to foster biodiversity and engage homeowners in conservation efforts.
- A focus on high construction quality that enhances climate resilience, resulting in reduced average insurance premiums for homeowners.
- Promoting inclusivity and equal opportunity for team members with comprehensive training and resources.
- Initiating a CDP response on an international environmental disclosures platform, reflecting the firm’s proactive steps in climate-related communication.
Sustainability Standards and Recognition
Taylor Morrison’s sustainability disclosures align with benchmarks set 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). The company has also gained multiple national recognitions, including being named one of America's Most Responsible Companies and one of America's Greenest Companies.
About Taylor Morrison
Headquartered in Scottsdale, Taylor Morrison is a prominent homebuilder and developer operating across the nation. The company caters to a diverse range of buyers, including first-time buyers, luxury home seekers, and those interested in resort-style living, all under the Taylor Morrison brand. Since 2016, Taylor Morrison has received recognition as America's Most Trusted Builder by Lifestory Research. The commitment to communities and sustainability is emphasized in their annual report.
Contact Information
For media inquiries, you can reach out via email at media@taylormorrison.com.
Frequently Asked Questions
1. What does the Sustainability and Belonging Report outline?
The report highlights Taylor Morrison’s commitment to corporate responsibility through sustainability practices, community engagement, and governance.
2. How has Taylor Morrison improved energy efficiency?
The company achieved a 47% lower average home energy consumption compared to standard benchmarks.
3. What is a materiality assessment?
It's a process used to identify and prioritize sustainability issues important to stakeholders and the organization.
4. Which organization does Taylor Morrison partner with for wildlife conservation?
They collaborate with the National Wildlife Federation to promote biodiversity and conservation initiatives.
5. How is Taylor Morrison recognized in the industry?
The company has received accolades as one of America’s Most Responsible Companies and America's Greenest Companies.
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