Executive Management Board of Directors Committee Composition Commitment to Sustainability Reporting Stakeholder Transparency Sustainability Report
We believe that a foundation of strong governance policies and practices has been critical to the success of our sustainability efforts over the last 18 years and remains so as we continue to build on our achievements.
Transparency is essential to us, and publicly disclosing our organizational and governance standards and practices is integral to that philosophy. Our personnel and structures support a business that adheres to the highest principles while continuing to promote innovation and expansion across all three pillars of sustainability — environmental, social and governance.
Sustainability is integrated into virtually every function of our organization and is a critical business strategy — our Environmental Management System (EMS) oversees these efforts.
The Board of Directors oversees sustainability as part of our overall business strategy, with different committees responsible for environmental, social and governance matters. Two board directors also serve as the Board’s liaisons to management on sustainability-related matters.
A group of nationally recognized leaders meet with us twice a year to discuss recommendations related to sustainability and other issues.
We have a process for decision-making and continuous improvement for all of our sustainability initiatives, including environmental. In 2020, this was formalized into an EMS process for greater transparency.
A group of high-level executives convenes on a regular basis to discuss sustainability strategies, craft and refine company policies and initiatives, and create buy-in with leaders across all of our operating regions and major functional departments.
A group of senior executives interacts with employees and key external stakeholders to raise the profile of sustainability across the company and enhance our transparency around these initiatives.
We publish standards and policies across our business that guide our operations, leadership, employee conduct and supplier relationships, and continue to expand on them.
We believe that actively participating in the public policymaking process is an important aspect of being a responsible member of the communities in which we build and necessary in the pursuit of our business goals. To this end, we:
Engage with public officials and other policy makers at all levels of government in discussions about issues that affect homeownership.
Commit to complying with all laws applicable to the making and public reporting of political campaign contributions. Contributions to federal campaigns are made only by the KB Home American Dream Political Action Committee.
Make contributions to candidates for public office, irrespective of political party affiliation, and to certain ballot initiatives.
Contribute to state and local campaigns as permitted by applicable law.
Support candidates who understand the homebuilding process and champion the broadening of homeownership opportunities.
In 2024, we contributed $442,280 to campaigns for state and local offices in California and Nevada, and to California campaign commitees.
The California contributions can be found on the California Secretary of State’s website at https://www.sos.ca.gov/. The Nevada contributions can be found on the Nevada Secretary of State’s website at https://www.nvsos.gov/sos
We are a longtime member of the Ceres Business for Innovative Climate and Energy Policy (BICEP) Network, a group of leading consumer brands and Fortune 500 companies. Members support three principles: increased adoption of renewable energy and energy efficiency; increased investment in a clean energy economy; and increased support for climate change resilience.
Data transparency has been a core element of our sustainability strategy since our first report in 2008. We believe that it is important to share where we are, not just where we plan to be, and to be clear when we have not yet lived up to our goals. We also provide nearly two decades of historical data in order to allow ourselves as well as our stakeholders to evaluate our progress.
We have provided comprehensive data tables of our key ESG sustainability metrics for both the most recent fiscal year and historical comparisons (subject to available data). We report such information in this chapter and we provide relevant subsets in other reports and on our website in alignment with the SASB, TCFD, GRI and UN SDG frameworks. We intend to continue this reporting in the normal course of our business. We also describe these topics in our periodic reports to the Securities and Exchange Commission (SEC), including in our 2024 Annual Report on Form 10-K.
At KB Home, we believe that sustainability is built on one essential idea: balance. We strive to ensure that today’s buyers can achieve the dream of homeownership while balancing that objective with mindfulness about the sustainability needs of future generations and our environment. Sustaining the dream of homeownership both today and into the future is what we do every day.
This year, we published our 18th annual Sustainability Report, the longest-running publication of its kind in the homebuilding industry. We invite you to learn about what matters to us and to join us on our journey. We encourage you to review our previous 17 sustainability reports to learn more about our consistent, long-term approach and all of the work that lies behind our 2024 sustainability results.