KB Home Named to USA Today’s 2024 List of America’s Climate Leaders

Rhea-AI Summary

KB Home (NYSE: KBH), a leading U.S. homebuilder, has been recognized on USA Today's 2024 America’s Climate Leaders list for the second year in a row. Notably, KB Home ranks in the top five percent of all listed companies and is the highest-ranked homebuilder. This honor highlights KB Home's commitment to sustainability, with a focus on creating efficient and affordable homes that reduce the cost of homeownership. Jeffrey Mezger, KB Home's CEO, emphasized that this recognition reflects the company's long-standing dedication to sustainability. The award, presented by USA Today and Statista Inc., was based on a rigorous two-step process involving data analysis and emissions reduction scoring.

Positive

• KB Home named to USA Today's 2024 America’s Climate Leaders list for second consecutive year.
• Ranked in the top five percent of all companies listed.
• Highest-ranked homebuilder on the list.
• Recognition underscores commitment to sustainability and reducing the total cost of homeownership.
• Award based on rigorous data analysis and emissions reduction scoring.

Negative

• No concrete financial benefits or impact on stock performance from the award mentioned.
• Emphasis on sustainability may not translate directly to immediate financial gains.

LOS ANGELES--(BUSINESS WIRE)-- KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., has been named to USA Today’s America’s Climate Leaders list for a second consecutive year.

KB Home has been named to USA Today’s America’s Climate Leaders list for a second consecutive year, with the added distinction of being ranked in the top five percent of all companies listed as well as the highest-ranked homebuilder. (Photo: Business Wire)

“We are honored to be named as one of USA Today’s 2024 America’s Climate Leaders, with the added distinction of being ranked in the top five percent of all companies listed as well as the highest-ranked homebuilder. KB has a proud history of being a leader in sustainability. For over two decades, we have continued to demonstrate that a sustainable home can significantly reduce the total cost of homeownership while exceeding customers’ dreams,” said Jeffrey Mezger, KB Home’s Chairman and Chief Executive Officer. “This recognition underscores our belief that a KB home is a better home, one that is more efficient and affordable to operate, and delivers on the enduring promise of the American dream.”

Presented by USA Today and Statista Inc., the world-leading statistics portal and industry ranking provider, the award can be viewed on the USA Today website. America’s Climate Leaders 2024 were selected based on a two-step process:

• Application and Research Phase: Companies could be included on the list by applying online or by having the necessary data publicly available.
• Data Analysis and Scoring Phase: For all companies meeting the inclusion criteria, the year-over-year reduction in emissions intensity (compound annual reduction rate) was calculated.

For more information on KB Home’s sustainability initiatives, visit kbhome.com/sustainability.

For more information on KB Home, call 888-KB-HOMES or visit kbhome.com

About KB Home

KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 47 markets, have built over 680,000 quality homes in our more than 65-year history, and are honored to be the #1 customer-ranked national homebuilder based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240530490535/en/

Craig LeMessurier, KB Home

925-580-1583

clemessurier@kbhome.com

Source: KB Home

FAQ

What is KB Home's stock symbol?

KB Home's stock symbol is KBH.

Why was KB Home named to USA Today's 2024 America’s Climate Leaders list?

KB Home was named to the list due to its significant reductions in emissions intensity and commitment to sustainability.

How did KB Home rank on USA Today's 2024 America’s Climate Leaders list?

KB Home ranked in the top five percent of all companies listed and was the highest-ranked homebuilder.

What distinguishes KB Home on the 2024 America’s Climate Leaders list?

KB Home is distinguished by its focus on creating sustainable, efficient, and affordable homes.

What criteria were used to select companies for USA Today's 2024 America’s Climate Leaders list?

Companies were selected based on a two-step process involving application, data analysis, and year-over-year emissions reduction scoring.