KB Home Publishes Eighth Annual Sustainability Report
KB Home (NYSE:KBH) , one of the nation’s largest and most recognized homebuilders, today released its eighth 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 during 2014 measuring progress against its goals. Achievements during the reporting period included lowering the average Home Energy Ratings System (HERS) Index Score of its new homes for the seventh straight year, advancing its homes’ water efficiency, and continuing progress on a range of other sustainability objectives.
“KB Home is proud to publish our eighth annual Sustainability Report on Earth Day,” said Jeffrey Mezger, president and chief executive officer of KB Home. “We remain committed to leading the homebuilding industry in the area of sustainability and are pleased with our accomplishments to date.”
Today, a new KB home is 68% more energy efficient and uses 30,000 fewer gallons of water annually compared to a typical resale home without the energy- and water-efficient features that KB Home includes as standard. Based on U.S. Environmental Protection Agency estimates the nearly 90,000 ENERGY STAR(R) certified KB homes built to date are projected to save homeowners more than $28 million on utility bills annually, lowering the total cost of homeownership while also helping to prevent greenhouse gas emissions equivalent to those from 32,000 passenger vehicles.
Details of KB Home’s sustainability goals, achievements and challenges can be found in the 2014 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 on KB Home and its ENERGY STAR certified new homes, visit 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 unique homebuilding 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(R) guidelines. This helps to lower monthly utility costs for homeowners, which the company demonstrates with its proprietary KB Home Energy Performance Guide(R) (EPG(R)). KB Home has been named an ENERGY STAR Partner of the Year Sustained Excellence Award winner for five straight years and a WaterSense(R) Partner of the Year for four consecutive years. A FORTUNE 1,000 company, 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, call 888-KB-HOMES, visit www.kbhome.com, or connect with KB Home on Facebook.com/KBHome and Twitter.com/KBHome.
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