Redfin Releases Inaugural Environmental, Social and Governance Report

Rhea-AI Summary

Redfin, a technology-driven real estate brokerage, has released its first 2023 Sustainability Report, detailing its environmental, social, and governance (ESG) initiatives. The report emphasizes three main pillars: Access and Affordability, Sustainable Housing, and People and Culture. Redfin aims to enhance customer access to home-buying opportunities while promoting sustainable living and fostering an inclusive workplace culture. Since its inception in 2006, Redfin has saved customers over $1.5 billion in commissions. For further information, the complete sustainability report is available on Redfin's investor relations website.

Positive

• First annual Sustainability Report published, showcasing Redfin's commitment to ESG.
• Three strategic pillars established: Access and Affordability, Sustainable Housing, and People and Culture.
• Redfin has saved customers over $1.5 billion in commissions since 2006.

Negative

• None.

SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — Today, Redfin (www.redfin.com), the technology-powered real estate brokerage, published its inaugural 2023 Sustainability Report, outlining the company's environmental, social and governance (ESG) commitments.

This report reflects the collective efforts of individuals and teams across Redfin, who have taken on the challenge of connecting their ambition to do good in the world with the work they do everyday. The report is organized around three strategic pillars of ESG focus:

• Access and Affordability: Give customers a better deal and provide equitable access to home buying opportunities, information and resources.
• Sustainable Housing: Empower consumers to make smarter decisions and offer more choices for sustainable living.
• People and Culture: Enable a values-based culture where employees from all backgrounds can contribute, excel and thrive.

To read the full 2023 Sustainability Report, please visit: https://investors.redfin.com/esg.

About Redfin

Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We also run the country's #1 real estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Customers who buy and sell with Redfin pay a 1% listing fee, less than half of what brokerages commonly charge. Since launching in 2006, we've saved customers more than $1.5 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 5,000 people.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@redfin.com. To view Redfin's press center, click here.

Redfin-F

View source version on businesswire.com: https://www.businesswire.com/news/home/20230322005568/en/

Redfin Journalist Services:

Alina Ptaszynski, 206-588-6863

press@redfin.com

Source: Redfin

FAQ

What is the significance of Redfin's 2023 Sustainability Report?

Redfin's inaugural Sustainability Report outlines their commitment to environmental, social, and governance (ESG) practices.

What are the main pillars highlighted in Redfin's Sustainability Report?

The main pillars are Access and Affordability, Sustainable Housing, and People and Culture.

How much have Redfin customers saved in commissions since 2006?

Redfin customers have saved over $1.5 billion in commissions since 2006.

When was Redfin's 2023 Sustainability Report published?

Redfin published its 2023 Sustainability Report today.

Where can I find Redfin's full Sustainability Report?

The full 2023 Sustainability Report is available on Redfin's investor relations website.