Lennar Corporation
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:14,871,748 tCO2e/year
Scope 1 Emissions:10,515 tCO2e/year
Scope 2 Emissions:34,064 tCO2e/year
Scope 3 Emissions:14,827,169 tCO2e/year
ESG Focus Areas
- Environmental Sustainability
- Social Responsibility
- Governance
Environmental Achievements
- 18% of homes built in 2022 were ENERGY STAR® certified (at least 10% more energy-efficient than code)
- Over 61,000 solar power home deliveries since 2013
- Almost 13,000 solar power home deliveries in fiscal year 2022
- Incorporation of various energy-efficient products in homes (ENERGY STAR® appliances, low-E windows, tankless water heaters, etc.)
- Use of sustainable materials like recycled content carpet pads, lumber from responsible/sustainable certified forests, and low-VOC paint
Social Achievements
- Donated $50 million to the Lennar Foundation Cancer Center at City of Hope and $50 million to the Lennar Foundation Medical Center
- Launched The Well-Being Max program and Mindfulness Training program for employee well-being
- Lennar Educational Assistance Program (LEAP) to help eliminate student debt for associates
- Focused Acts of Caring program supporting local charities
- Partnership with Operation Finally Home to build homes for veterans
Governance Achievements
- Robust company-wide environmental compliance program (LEMS)
- Third-party evaluation and measurement of greenhouse gas emissions
- Publicly available Corporate Governance Guidelines reviewed annually
- Balanced and diverse Board composition
- Pay-for-performance executive compensation program aligned with stockholder interests
Climate Goals & Targets
Environmental Challenges
- Accurately measuring Scope 3 emissions
- Housing inventory and land supply
- Construction costs and homebuilding overhead
- Construction quality and warranty
- Associate retention and human resources
- Natural disasters and information technology (including cybersecurity)
Mitigation Strategies
- Utilizing best available data and HERs ratings to estimate Scope 3 emissions
- Careful management of balance sheet, reducing SG&A expenses and homebuilding debt
- Increased controlled homesites
- Robust safety and ethics training programs
- Regular Board review of risk areas
- Investment in new recruiting technology and enhancing candidate experience
Supply Chain Management
Responsible Procurement
- Purchase of lumber from responsible/sustainable rated forests
Climate-Related Risks & Opportunities
Physical Risks
- Natural disasters
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GHG Protocol
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 11 (Sustainable Cities and Communities)
- Goal 8 (Decent Work and Economic Growth)
- Goal 13 (Climate Action)
Lennar's activities in sustainable homebuilding, community development, job creation, and climate action initiatives align with these SDGs.
Sustainable Products & Innovation
- Energy-efficient homes with solar power, geothermal systems, water recycling systems
- 3D-printed homes