Taylor Morrison Recognized on Newsweek's List
National homebuilder earned its top score in corporate governance
For the third consecutive year, America's Most Trusted® Home Builder Taylor Morrison (NYSE: TMHC) has been honored by Newsweek as one of America's Most Responsible Companies for the upcoming year. This recognition highlights the company's unwavering commitment to corporate governance and sustainability practices.
Taylor Morrison garnered its highest score in corporate governance, alongside significant strides in the environmental category. The company's year-over-year improvements in both overall and environmental scores demonstrate a steadfast dedication to enhancing its corporate social responsibility. The assessment for this distinction is based on performance indicators related to environmental concerns, social impact, and corporate governance.
Chairman and CEO Sheryl Palmer expressed the importance of being accountable to stakeholders, stating, "Holding ourselves accountable to our many stakeholders is vital to the work we do. We strive to be a source of good in the workplace and the communities we serve. While we aim to improve our corporate responsibility strategy each year, enhanced transparency into our business operations is more crucial than ever."
This past summer, Taylor Morrison also released its sixth annual Sustainability and Belonging Report, which underscores its ongoing commitment to corporate responsibility and sustainability. The report highlighted several key accomplishments:
- The enhancement of its environmental impact reporting, revealing a more accurate assessment of its carbon footprint, including comprehensive data on scope 1, 2, and 3 greenhouse gas emissions. Significantly, the company has achieved a 10 percent improvement in its Home Energy Rating System (HERS) score since 2020.
- Five years of collaboration with the National Wildlife Federation, which has enabled Taylor Morrison to establish over 100 certified monarch butterfly gardens while protecting nearly 9,000 acres of Certified Wildlife Habitat.
- A commitment to fostering an inclusive work culture through initiatives such as division-wide subcommittees and monthly Days of Understanding, promoting open discussions and understanding.
- Leading the way in gender diversity within the homebuilding industry, Taylor Morrison is notable for having a female CEO and maintaining an equal male-to-female ratio on its board of directors. The company has a workforce comprising 44 percent women, significantly above the construction industry average of 11 percent.
- Over 42,500 hours dedicated to employee training focused on safety, cybersecurity awareness, and ongoing professional development.
- Adapting to demographic shifts in America's homebuying population, the company has implemented tools like a new language services platform and user-friendly online filtering capabilities to accommodate diverse cultural preferences.
- Taylor Morrison has also welcomed patients into the first eight homes of a new community built under the 'Home Away From Home' program of Banner MD Anderson Cancer Center, which assists patients and families traveling for medical care.
- The company’s disclosures are aligned with the standards set by the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI), reinforcing its commitment to sustainability.
The process for determining America's Most Responsible Companies involved a partnership between Newsweek and the research firm Statista, assessing over 30 performance indicators from the top 2,000 public companies in the U.S. along with consumer surveys reflecting corporate social responsibility perceptions.
In addition to its latest achievement, Taylor Morrison has recently received accolades from Forbes for being among America's Most Trusted Companies and Best Companies to Work For. Other recognitions include being featured in Newsweek's list of America's Greenest Companies and inclusion in the Fortune 500 since 2021.
About Taylor Morrison
Headquartered in Scottsdale, Arizona, Taylor Morrison is among the nation's premier homebuilders and developers, serving a diverse consumer base from first-time buyers to luxury home seekers. Taylor Morrison has built a solid reputation, being recognized as America's Most Trusted® Builder for several consecutive years. The company's dedication to sustainable operations is exemplified in its annual Sustainability and Belonging Report.
For more information about Taylor Morrison, visit www.taylormorrison.com.
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Frequently Asked Questions
1. What recognition has Taylor Morrison received?
Taylor Morrison has been recognized as one of America's Most Responsible Companies by Newsweek for three consecutive years.
2. How does Taylor Morrison score in corporate governance?
The company earned its highest score in corporate governance, reflecting its commitment to accountability and ethical practices.
3. What initiatives does Taylor Morrison undertake for sustainability?
Taylor Morrison engages in various sustainability efforts, including enhanced environmental reporting and habitat protection in partnership with the National Wildlife Federation.
4. How diverse is Taylor Morrison's workforce?
44 percent of Taylor Morrison's workforce comprises women, significantly higher than the average in the construction industry.
5. Where can I find more information about Taylor Morrison?
Detailed information about Taylor Morrison's offerings and initiatives can be found on their official website at www.taylormorrison.com.
