Company: LEN
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001193125-25-040938
Chunk: 87

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 87
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. These homes are at least 10% more energy-efficient than homes built to code, reducing both environmental impact and homeowners’ costs. Furthermore, as discussed elsewhere in this proxy statement, we have utilized RESNET’s HERS 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.

LENNAR CORPORATION2025 PROXY STATEMENT | 69

Proposal 5: Reducing Greenhouse Gas Emissions

We also believe in the value of clean energy from solar power, which is why we formed our own captive solar company in 2013 (with which we still partner following its sale in 2021)—well before the California mandate instituted in 2020 that requires new homes to draw energy from solar power. We delivered nearly 13,000 solar power Lennar homes in fiscal 2024 and over 87,000 solar power Lennar homes since 2013. In addition, 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. All of these steps are intended in furtherance of reducing GHG emissions in our business and in our products. We also already report on these and other steps we are taking to improve the environmental sustainability of our products and the progress of these steps annually in our Social Responsibility Reports. Clear Disclosures and Engagement on GHG Emissions and ESG Matters . In meetings with various Lennar stockholders, our senior management team regularly discusses topics related to environmental, social and governance matters. Our positions on these issues are informed by the views of our stockholders. Over the last several years, discussions have increasingly focused on GHG emissions, providing us with an understanding of stockholder sentiment related to this topic. We take the issue of climate change seriously and are investing time, effort, and resources to, among other things, evaluate and measure the GHG emissions of our business over time and to transparently report updates to this data in our future Social Responsibility Reports. After publishing our first comprehensive GHG inventory for fiscal 2022 in our