Company: LEN
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001193125-25-040938
Chunk: 88

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 88
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 2023 Social Responsibility Report, in 2023, we once again engaged a third-party sustainability consultant to evaluate and measure our GHG emissions across Scopes 1, 2 and 3 in accordance with the GHG Protocol Accounting and Reporting Standard—and we have now completed our Company’s comprehensive GHG inventory for fiscal 2023. We believe that calculating our carbon footprint allows us to provide greater transparency regarding our current GHG emissions and constitutes an important step in our efforts to better understand the impact of our business operations on the environment. Commitment to the Sustainable Development Goals (“SDGs”) set forth by the United Nations . We build homes in a competitive marketplace where affordability for homebuyers is paramount, particularly for first-time homebuyers and young families who are currently experiencing significant challenges, with interest rates remaining high and a low supply of, and strong demand for, affordable products. Consumers have adjusted to and accepted higher interest rates for longer terms and are willing to purchase or rent what they can afford. Strong demand for housing has returned within the limits of affordability. The market has attracted consumers by adjusting prices, increasing incentives and driving down production costs to facilitate homebuying by customers, and customers have responded, with the understanding that the cost of housing will likely continue to be higher. Against that backdrop, as Lennar evolves its sustainability strategy, it is inspired by the 17 SDGs set forth by the United Nations. These goals encourage businesses across all sectors to help end poverty, protect the planet, and ensure prosperity for all. Lennar supports the goals that most closely align with our business activities. Therefore, among other things, we:

| • |     | Enable home ownership through affordable homes that include green building features; |

| • |     | Invest in innovative technology to promote sustainable building practices and enhance customer experiences; |

| • |     | Collaborate with government agencies to make sustainable products a more commercially viable option for homeowners; |

| • |     | Work with our suppliers to purchase sustainable raw materials, such as lumber from responsible/sustainable rated forests; and |

| • |     | Comply with environmental regulations in the areas of homebuilding. |

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70 | LENNAR CORPORATION2025 PROXY STATEMENT

Proposal 5: Reducing Greenhouse Gas Emissions

Our approach does not represent a lack of concern by our Board or the Company for this topic, but rather reflects our opposition to this proposal, which mandates disclosure that would duplicate the Company’s efforts and existing disclosures. Accordingly