KB Home releases seventh annual sustainability report covering its sustainability initiatives, activities throughout 2013; report also includes scorecard measuring progress against homebuilder's stated goals
April 22, 2014
– In celebration of Earth Day, KB Home highlights its sustainability achievements in 2013 and sets new goals for the future
KB Home (NYSE: KBH), one of the nation's largest and most recognized homebuilders, today released its seventh annual Sustainability Report, available exclusively at www.kbhome.com/sustainability. KB Home issued its inaugural report in 2008 and is among a group of corporate leaders in sustainability that publishes a comprehensive annual sustainability report.
The latest report covers KB Home's sustainability initiatives and activities throughout 2013 and includes a scorecard measuring progress against its stated goals. Achievements during the reporting period included lowering the average Home Energy Ratings System (HERS) Index Score of its new homes for the sixth straight year, introducing the Wiser® home management system that empowers homeowners to monitor and control energy usage, and demonstrating the latest energy- and water-saving technologies and smart systems in its state-of-the-art ZeroHouse 2.0 model homes. It also provides a look forward at the goals set for 2014 in the homebuilder's five key areas of focus: Energy Efficiency, Water Conservation, Healthy Home, Smart Systems, and Waste Reduction.
"KB Home is proud to publish our seventh annual Sustainability Report. For the third year in a row, we are releasing the report to celebrate Earth Day," said Jeffrey Mezger, president and chief executive officer of KB Home. "We essentially view every day as Earth Day at KB Home as we remain committed to designing our homes to be more efficient and to consume fewer natural resources, in order to help both our planet and our homebuyers. A new KB home today is 65% more energy efficient and uses 30,000 less gallons of water annually compared to a typical resale home without the energy- and water-efficient features that we offer as standard. These efficiency advantages lower the total cost of homeownership, providing money- and resource-saving benefits that our homebuyers can enjoy for years to come."
Details of KB Home's sustainability goals, achievements and challenges can be found in the 2013 KB Home Sustainability Report, which can now be accessed on the company's website at www.kbhome.com/sustainability. In developing the report, KB Home once again followed the Global Reporting Initiative Guidelines, which provide a widely recognized level of accountability and transparency, and are considered by many environmental experts to be the current international standard for sustainability reporting.
For more information about KB Home and its sustainability efforts, visit www.kbhome.com or call 888-KB-HOMES.
About KB Home
KB Home is one of the largest and most recognized homebuilding companies in the United States. Since its founding in 1957, the company has built more than half a million quality homes. KB Home's signature Built to Order™ approach lets each buyer customize their new home from lot location to floor plan and design features. As a leader in utilizing state-of-the-art sustainable building practices, all KB homes are highly energy efficient and meet strict ENERGY STAR® guidelines. This helps to lower monthly utility costs for homeowners, which the company demonstrates with its proprietary KB Home Energy Performance Guide® (EPG®). KB Home has been named by the EPA as an ENERGY STAR Partner of the Year Sustained Excellence Award winner for four straight years and a WaterSense® Partner of the Year for three consecutive years. Los Angeles-based KB Home was the first homebuilder listed on the New York Stock Exchange, and trades under the ticker symbol "KBH." For more information about KB Home's new home communities, call 888-KB-HOMES or visit www.kbhome.com.
Mark McLaughlin, 310-231-4142
Source: KB Home
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