Company: LEN
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001193125-25-040938
Chunk: 86

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 86
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 this proposal for the reasons set forth below. Our Board believes that providing disclosure about how the Company intends to reduce its full value chain greenhouse gas emissions is an unnecessary use of the Company’s funds, resources, and talent, and is not in the best interests of the Company or its stockholders, particularly considering the actions the Company is already taking to address climate change and sustainability, including through environmentally sustainable products, and to regularly report its progress in its public disclosures. We are serious about climate change management, including evaluating our GHG emissions and better understanding the impact of our business operations on the environment. Our ESG strategy is an important pillar in our overall business strategy. This enables us to implement plans that appropriately balance our commitments to driving the business, being good stewards of the environment and its natural resources and upholding our fiduciary responsibility to stockholders. Additionally, we have incorporated our ESG strategy into our operating plans so that we can monitor and effectively track progress, providing opportunities to incorporate learnings and adjustments for improved results moving forward and ensuring meaningful progress is made in the near-term. Our robust company-wide environmental compliance program, the Lennar Environmental Management System, sets consistent standards and procedures to promote and improve the evaluation of environmental conditions and compliance with environmental laws to which we are subject. We have also formalized Board-level oversight of ESG and sustainability strategies, and management actively monitor our Company’s initiatives to ensure that they are advancing our commitment to sustainability. We are focused on meeting customer interest for environmentally sustainable products and reporting on our progress. Consistent with the above principles, each new home we build is healthier and more energy-efficient, and has less impact on the environment, than prior generations of homes as a result of features like:

| • |     | 100% of our homes: |

| – |     | use low-VOC paint that reduces pollution |

| – |     | have programmable thermostats to help reduce energy consumption |

| – |     | have energy-saving LED lights |

| • |     | WaterSense® faucets that reduce water flow without sacrificing performance |

| • |     | Low-E windows that reduce infrared and ultraviolet light coming into the home |

| • |     | Energy Star® appliances that reduce energy consumption, with at least 90% of our homes having one or more Energy Star® appliances installed |

Due to our comprehensive sustainability efforts, 21% of the homes we built in 2023 were ENERGY STAR ®certified, an increase of 3% from 2022