Meritage Homes Releases Fourth Annual Environmental, Social, and Governance Report

Rhea-AI Summary

Meritage Homes (NYSE: MTH), the fifth largest homebuilder in the U.S., has released its fourth annual Environmental, Social, and Governance (ESG) Report for 2023. The report highlights the company's progress in sustainability and social initiatives, adhering to recognized reporting frameworks. Key achievements include:

Environmental: Delivered 13,308 ENERGY STAR® certified homes with an average HERS Index score of 52, earning the ENERGY STAR® Partner of the Year award for the eleventh time.

Social: Achieved Great Place to Work® certification, launched employee resource groups, and won the Avid Cup – Production award for customer satisfaction for the third consecutive year. Meritage also received the Hearthstone BUILDER Humanitarian Award for its philanthropic efforts.

Positive

• Delivered 13,308 ENERGY STAR® certified homes, demonstrating commitment to energy efficiency
• Achieved an average HERS Index energy efficiency score of 52, indicating high energy efficiency
• Received ENERGY STAR® Partner of the Year award for the eleventh time
• Attained Great Place to Work® Certified status for the first time
• Won the Avid Cup – Production award for customer satisfaction for the third consecutive year
• Earned the Hearthstone BUILDER Humanitarian Award for philanthropic efforts

Negative

• None.

SCOTTSDALE, Ariz., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE: MTH), the fifth largest homebuilder in the U.S., today published its fourth annual environmental, social, and governance report (the “2023 ESG Report”), which outlines the Company’s efforts and progress related to sustainability and social initiatives.

Given its longstanding legacy of transparency, Meritage continued to provide its ESG disclosures under the shareholder-endorsed reporting frameworks of the Sustainability Accounting Standards Board, the Global Reporting Initiative, the United Nations Sustainable Development Goals and the Task Force on Climate-Related Financial Disclosures.

“Our evergreen ESG efforts are central to our purpose and a driving force behind every affordable, energy-efficient and quality home we build,” said Hilla Sferruzza, chief financial officer at Meritage Homes. “Through our engagement with customers, employees, vendors, peers, shareholders and other stakeholders, we continue to focus on the themes of affordability, sustainability, belonging and community, and to deliver a Life. Built. Better.® everyday.”

Key highlights from Meritage’s 2023 ESG Report include:  

Environmental:

• Delivered 13,308 ENERGY STAR® certified homes.
• Reported an average HERS Index energy efficiency score of 52. 
• Recognized as an eleven-time recipient of the U.S. Environmental Protection Agency’s ENERGY STAR® Partner of the Year.
  
  

Social:

• Achieved Great Place to Work® Certified status for the first time.
• Launched the Company’s inaugural employee resource groups.
• Received the prestigious Avid Cup – Production award, the highest customer satisfaction honor for any builder, for the third year in a row.
• Earned the highly coveted Hearthstone BUILDER Humanitarian Award for the Company’s long-time philanthropic efforts.
  

Meritage’s 2023 ESG Report and the related statistics in excel format can be found in full here.

About Meritage Homes

Meritage is the fifth-largest public homebuilder in the United States, based on homes closed in 2023. The Company offers energy-efficient and affordable entry-level and first move-up homes. Operations span across Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee.

Meritage has delivered over 185,000 homes in its 38-year history, and has a reputation for its distinctive style, quality construction, and award-winning customer experience. The Company is an industry leader in energy-efficient homebuilding, an eleven-time recipient of the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR® Partner of the Year for Sustained Excellence Award and Residential New Construction Market Leader Award, as well as a three-time recipient of the EPA's Indoor airPLUS Leader Award.

For more information, visit www.meritagehomes.com.

Contacts:	Emily Tadano, VP Investor Relations and ESG
	(480) 515-8979 (office)
	investors@meritagehomes.com

FAQ

What were Meritage Homes' (MTH) key environmental achievements in 2023?

Meritage Homes delivered 13,308 ENERGY STAR® certified homes in 2023, with an average HERS Index energy efficiency score of 52. The company was also recognized as an ENERGY STAR® Partner of the Year for the eleventh time.

What social initiatives did Meritage Homes (MTH) implement in 2023?

In 2023, Meritage Homes achieved Great Place to Work® Certified status for the first time, launched its inaugural employee resource groups, and won the Avid Cup – Production award for customer satisfaction for the third consecutive year.

How does Meritage Homes (MTH) report its ESG efforts?

Meritage Homes reports its ESG efforts using shareholder-endorsed frameworks including the Sustainability Accounting Standards Board, Global Reporting Initiative, United Nations Sustainable Development Goals, and Task Force on Climate-Related Financial Disclosures.

What award did Meritage Homes (MTH) receive for its philanthropic efforts in 2023?

Meritage Homes earned the Hearthstone BUILDER Humanitarian Award in 2023 for its long-time philanthropic efforts.