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

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 28
---
 reducing both environmental impact and homeowners’ costs. We have utilized the Home Energy Rating System (“HERS”) of the Residential Energy Services Network (“RESNET”) to track the energy performance of our built homes since 2012. Each home reviewed by RESNET is inspected and rated on its energy efficiency. The outcome of this rating is a final HERS score, from 0 to 150. A lower score means a more affordable, comfortable and energy-efficient home. The overall energy efficiency of our built homes has significantly improved over the past decade. This improvement is driven by advances in building codes and energy efficiency standards, as well as by our ongoing commitment to sustainable design. In addition, we continue to evaluate, test and pilot new products and technologies in this area o nan ongoing basis. Furthermore, our home design and engineering work optimizes building materials and reduces construction waste. We are embracing green practices as we move toward a more environmentally and economically sustainable future. For example, in 2023, we introduced solar-plus battery storage (the pairing of solar photovoltaic and energy-storing technologies) in 69 communities. This solution is expected to increase energy independence by producing solar energy and storing excess energy for later use. During a power outage, the backup power can run essential appliances for the whole home. After publishing our first comprehensive inventory of GHG emissions for fiscal 2022 in our 2023 Social Responsibility report in 2023, we once again engaged a third-party sustainability consultant to evaluate and measure our greenhouse gas (“GHG”) emissions across Scopes 1, 2 and 3 substantially 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. LENNAR CORPORATION2025 PROXY STATEMENT | 23

Corporate Governance Sustainability at Lennar COMMUNITY Giving back to the communities in which we operate, with both our time and financial support, is one of our core values. The Lennar Foundation. The Lennar Foundation, created in 1989, is focused on helping people through medical research, education, jobs training, and support for vulnerable groups. Lennar contributed $1,000 per home delivered in fiscal 2024, for a total of $80.2 million, to the Lennar Foundation. Below