Company: LEN
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001193125-25-040938
Chunk: 90

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 90
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Lennar recognizes the importance of inclusiveness in effective workforce management. In its 2023 Social Responsibility Report Lennar’s Executive Chairman and Co-CEO Stuart Miller stated “Our associates are our most valuable asset, and we are committed to building an inclusive and diverse workforce that supports each associate’s unique journey.” The Report highlighted Lennar’s “Everyone’s Included” mission: “[w]e are focused on attracting, retaining, and developing talent that will represent the communities which we serve[.]”

Numerous studies have pointed to the benefits of effective workforce management and found that companies can retain employees through inclusive policies. In addition, the U.S. Chamber of Commerce Foundation observed in its 2023 report,

Better Business: The Benefits of LGBTQ+ Workplace Inclusion: “Firms with LGBTQ+ inclusive practices show positive impact on profitability and market valuation. . . LGBTQ+ employees are more devoted to their jobs and are more productive in inclusive workplaces.”

Considering the Company’s support for the business case for inclusion, the Company’s support for inclusive policies, and the growing number of LGBTQIA+ individuals entering the workforce, we believe that it is in shareholders’ best interests for Lennar to report on the requested information.

72 | LENNAR CORPORATION2025 PROXY STATEMENT

Proposal 6: LGBTQIA+Equity and Inclusion Disclosures

Board’s Statement in Opposition to Stockholder Proposal Our Board recommends a vote AGAINST this proposal for the reasons set forth below. As detailed in our most recent Social Responsibility Report, which is publicly available on our website, Lennar was built on a culture of inclusivity and a conscious focus on the associate experience, bringing together the best talent to drive success as part of our “Lennar family.” Evolving that focus, Lennar has an “Everyone’s Included” mission relative to inclusion and diversity within our Company. We are focused on attracting, retaining, and developing talent that will represent the communities which we serve, and continuing to build a sustainable Lennar. Lennar has taken significant steps to develop and maintain a diverse and inclusive workforce, including with respect to individuals identifying as LGBTQIA+. AN INCLUSIVE ORGANIZATION We value the unique contributions and perspectives offered by a diverse workforce and employ people across numerous cultures, backgrounds, lifestyles and experiences. We are firmly committed to providing equal employment opportunity for all applicants and associates. To further our goal of nurturing an inclusive workforce, we provide opportunities for employees to connect, network and learn from others outside of normal work teams