Nobility Homes, Inc.
Climate Impact & Sustainability Data (2016, 2020)
Reporting Period: 2016
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Uncertainty of the U.S. and world economy, employment levels, consumer confidence, and lack of available retail and wholesale financing.
- Constrained consumer credit and lack of lenders in the industry due to increased government regulations.
Mitigation Strategies
- Maintaining a strong financial position.
- Evaluating all expenses to improve financial position.
- Exploring opportunities to expand distribution and manufacturing operations.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2020
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic negatively impacted customer traffic and sales.
- Unprecedented inflation in forest products and supply issues with vinyl siding and PVC piping increased material costs.
- Lack of lenders in the industry limited affordable manufactured housing buyers.
Mitigation Strategies
- Adjusted selling prices to offset higher costs.
- Monitoring issues related to COVID-19 and supply chain disruptions.