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Sustainability

Governance

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Governance

We believe that a foundation of strong governance policies and practices has been critical to the success of our sustainability efforts over the last 18 years and remains so as we continue to build on our achievements.
 

Transparency is essential to us, and publicly disclosing our organizational and governance standards and practices is integral to that philosophy. Our personnel and structures support a business that adheres to the highest principles while continuing to promote innovation and expansion across all three pillars of sustainability — environmental, social and governance.

Oversight and visibility are the backbone of sustainable businesses

Sustainability is integrated into virtually every function of our organization and is a critical business strategy — our Environmental Management System (EMS) oversees these efforts.

Board of Directors Oversight

The Board of Directors oversees sustainability as part of our overall business strategy, with different committees responsible for environmental, social and governance matters. Two board directors also serve as the Board’s liaisons to management on sustainability-related matters.

Sustainability Leadership Team

A group of high-level executives convenes on a regular basis to discuss sustainability strategies, craft and refine company policies and initiatives, and create buy-in with leaders across all of our operating regions and major functional departments.

National Advisory Board

A group of nationally recognized leaders meet with us twice a year to discuss recommendations related to sustainability and other issues.

Sustainability Steering Committee

A group of senior executives interacts with employees and key external stakeholders to raise the profile of sustainability across the company and enhance our transparency around these initiatives.

Environmental Management System

We have a process for decision-making and continuous improvement for all of our sustainability initiatives, including environmental. In 2020, this was formalized into an EMS process for greater transparency.

Executive Management

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Jeffrey T. Mezger, Chairman of the Board and Chief Executive Officer, 31 Years of Service

Jeffrey T. Mezger has been our Chief Executive Officer, and a member of our Board of Directors, since 2006. In August, 2016, he was named Chairman of the Board.

Under Mr. Mezger’s leadership, KB Home established itself as one of the most recognized brands in homebuilding. He has overseen the development of KB Home’s unique home buying experience, which emphasizes consumer choice and value. As a respected industry voice in sustainability, he launched a strategic transformation of KB Home that led to the introduction and continuous development of our energy-efficient and environmentally-conscious home designs, and helped reduce the environmental impact of our operations.

Mr. Mezger previously held the position of Executive Vice President and Chief Operating Officer of KB Home from 1999 to 2006. In this role, he led the development of our core KBnxt operational business model, and expanded and diversified KB Home’s U.S. homebuilding operations. A homebuilding industry veteran of over 40 years, Mr. Mezger joined KB Home in 1993 as President of the Company's Antelope Valley, California division. He was later named President of the Company’s Arizona division and became Senior Vice President and Regional General Manager of the Company’s Southwest region. Prior to joining KB Home, he spent 15 years with U.S. Home, serving as President of the company’s Central California division from 1983 to 1993.

Mr. Mezger was the Founding Chairman of the Leading Builders of America and previously served as Chairman of the policy advisory board of the Joint Center for Housing Studies at Harvard University, and on the executive board of the USC Lusk Center for Real Estate and serves on the policy advisory board of the Fisher Center for Real Estate & Urban Economics at the University of California, Berkeley. In 2012, Mr. Mezger was inducted into the California Homebuilding Foundation Hall of Fame for his outstanding contribution to the building industry through innovation, public service and philanthropy.

Mr. Mezger holds a Bachelor of Arts degree in Economics from DePauw University.

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Portrait

Robert McGibney, President and Chief Operating Officer, 24 Years of Service

Robert McGibney is President and Chief Operating Officer of KB Home. In this role, he is responsible for our overall Operations, while also directing business strategy, community count and revenue growth, along with leadership development. Additionally, Mr. McGibney leads key strategic support functions such as architecture, design studio, marketing, national contracts, sustainability, and financial services operations.

Mr. McGibney joined KB Home in 2000 as a Financial Analyst in our Las Vegas division and went on to lead several key areas within the division, including land development, purchasing and operations. He held roles of increasing responsibility, being promoted to Senior Vice President, then Executive Vice President and, in 2012, Mr. McGibney became Division President in Las Vegas. In 2016, he was promoted to Regional General Manager of our Arizona and Nevada businesses and in 2018, became Regional President, with the additional responsibility for our Southern California divisions and, subsequently, two divisions in Northern California. Since 2021, Mr. McGibney has served as a Chief Operating Officer and Executive Vice President of KB Home.

He holds a Bachelor of Science degree in Accounting and Finance from Missouri State University.

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Robert R. Dillard, Executive Vice President and Chief Financial Officer, Joined KB Home in 2025

Robert R. Dillard is our Executive Vice President and Chief Financial Officer. In this role, Mr. Dillard is responsible for our accounting, finance, information technology, internal audit, investor relations, tax, and treasury functions. 

Prior to joining KB Home, Mr. Dillard spent seven years at Sonoco Products Company, a packaging and industrial products company, most recently as its Chief Financial Officer and, prior to that role, as Sonoco’s Chief Strategy Officer.  Previously, Mr. Dillard was the President of Domtar Personal Care Europe, a division of Domtar Corporation, and the President of Stanley Hydraulics, a division of Stanley Black & Decker.  Earlier in his career, Mr. Dillard was an Executive Director of the Global Industrials Group at UBS Investment Bank.

Mr. Dillard holds a Bachelor of Arts degree in Economics from the University of North Carolina at Chapel Hill and a Master of Business Administration degree from the UNC Kenan-Flagler Business School.

 

 

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Brian Kunec, Executive Vice President, Homebuilding, 9 Years of Service

Brian Kunec is Executive Vice President, Homebuilding. In this role, he is responsible for the Company’s day-to-day homebuilding operations, business strategy execution, new community openings and community count growth.

Mr. Kunec started his career with Deloitte in public accounting, assurance and advisory services.  Then, with 11 years of prior experience in the homebuilding industry with national builders in multiple markets, Mr. Kunec joined KB Home in 2015 as Executive Vice President in our Las Vegas division. He held roles of increasing responsibility, being promoted to Division President, Regional General Manager and, in 2022, Mr. Kunec became Regional President with responsibility for our divisions in Idaho, Nevada, Northern California and Washington. 

He holds a Bachelor of Arts degree in Business/Economics from Lafayette College.

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Albert Z. Praw, Executive Vice President of Real Estate and Business Development, 31 Years of Service

Albert Z. Praw is our Executive Vice President of Real Estate and Business Development. In this role, Mr. Praw is responsible for land acquisition strategies and growth initiatives in our 45 markets across the U.S.

Mr. Praw has held a number of senior legal and operational positions at KB Home since joining the company in 1989 as Senior Vice President and General Counsel. Most recently, Mr. Praw was Senior Vice President of Asset Management, responsible for overseeing all KB Home land acquisition activities. He has also served as a Regional General Manager overseeing a number of KB Home divisions, and president of the company's Greater Los Angeles division.

From 2006 to 2011, Mr. Praw served as Chief Executive Officer of Landstone Communities, LLC, a company he founded. Earlier in his career, Mr. Praw was a partner in the law firm of Sidley & Austin, practicing real estate and corporate law.

Mr. Praw holds a Bachelor of Arts degree in Political Science from the University of California at Berkeley, and a Juris Doctorate degree from the University of California at Los Angeles. While at UCLA Law School, he was a member of the UCLA Law Review and Order of the Coif.

He is a member of the Urban Land Institute and an active member of the community, serving on the board of directors of the Jewish Federation Council of Greater Los Angeles.

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Brian Woram, Executive Vice President and General Counsel, 14 Years of Service

Brian Woram is our Executive Vice President and General Counsel. In this role, he is responsible for our companywide legal and compliance functions.

Mr. Woram brings extensive experience in the homebuilding sector, having spent 14 years at Centex Corporation, a major public homebuilder headquartered in Dallas before its merger with PulteGroup. He served in several lead roles at Centex, ultimately as Senior Vice President, Chief Legal Officer and Chief Compliance Officer, responsible for legal, internal audit and corporate compliance. Earlier in his career, Mr. Woram was a shareholder at the Dallas-based law firm now known as Locke Lord Bissell & Liddell LLP. Most recently, Mr. Woram was Senior Vice President and General Counsel of H&R Block in Kansas City.

Mr. Woram holds a Bachelor of Science degree in Mechanical Engineering from Texas A&M University at College Station and a Juris Doctorate degree from the University of Texas at Austin, where he served on the Texas Law Review.

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Amit Desai, Senior Vice President and Chief Marketing Officer, 6 Years of Service

Amit Desai is our Senior Vice President and Chief Marketing Officer. In this role, he holds overall responsibility for the company’s marketing strategy, as well as overseeing and managing all marketing efforts to drive awareness and traffic, and strengthen the brand.

Prior to joining KB Home, Mr. Desai spent 15 years at Warner Bros., most recently serving as Executive Vice President of Business and Marketing Strategy, Direct to Consumer and Global Franchise Management. In this role, he led the strategic planning, management and marketing of DC’s multibillion-dollar super hero brand and franchises globally. Amit played a pivotal role in growing DC’s revenue for Warner Bros. during his tenure.

Previously, Mr. Desai spent more than a decade in roles across brand management, digital marketing, direct marketing, product development, and advertising at The Walt Disney Company, Nestle and American Express.

Mr. Desai holds a Bachelor of Arts degree in Economics and History from the University of California, Berkeley. He also holds a Master of Business Administration degree in Marketing from Columbia Business School. 

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Ken Gancarczyk, Senior Vice President, Builder Services, 47 Years of Service

Ken Gancarczyk is our Senior Vice President of Builder Services. As the head our centralized Architecture department, he leads five critical areas, including architectural design and production services, market research, geographic information systems, market strategy, and market surveys for our operations across the U.S.

During his 18 years at KB Home, Mr. Gancarczyk has been responsible for the creation of the thousands of unique floor plans and elevations used in KB Home’s homebuilding operations from coast-to-coast.

Mr. Gancarczyk joined KB Home in 1997 after 20 years of service at Rayco Homes of San Antonio, Texas. His tenure at Rayco Homes was spent creating and executing a strategy that helped the company lead the San Antonio marketplace to over 3,000 units of new home production and a 40% new-home market share. Mr. Gancarczyk concluded his tenure at Rayco Homes as the Lead Design Principal and Vice President.

Mr. Gancarczyk holds a Bachelor of Arts degree from The School of Art and Design at Southern Illinois University.

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William R. Hollinger, Senior Vice President and Chief Accounting Officer, 37 Years of Service

William R. Hollinger is our Senior Vice President and Chief Accounting Officer with responsibility for all accounting functions and financial reporting. He also leads our companywide business planning process and is responsible for developing and implementing strategic initiatives to strengthen financial performance.

Throughout his career, Mr. Hollinger has played an important role in the company's largest transactions, including its tax-free spin-off, several public debt and equity offerings, various acquisitions, the initial public offering (IPO) and subsequent sale of the company's French subsidiary, and the sale of the company's mortgage banking subsidiary. He has also been instrumental in positioning the company's financial structure to support its operations and strategic initiatives.

Mr. Hollinger joined KB Home in 1987, immediately after the company's IPO. He established and led the internal audit department and created an audit reporting system to enhance operational efficiency and tighten internal accounting controls.

Prior to joining KB Home, Mr. Hollinger spent five years in the audit practice at Coopers & Lybrand (today known as PricewaterhouseCoopers) in the Los Angeles office.

Mr. Hollinger holds a Bachelor of Science degree in Business Administration from the California State University, Northridge, graduating Summa Cum Laude. He is a Certified Public Accountant, and member of the American Institute of Certified Public Accountants, as well as the California Society of Certified Public Accountants.

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Thad Johnson, Senior Vice President and Treasurer, 17 Years of Service

Thad Johnson is our Senior Vice President and Treasurer. In this role, Mr. Johnson is responsible for corporate-wide banking and financing activities including capital market transactions, credit facilities and project financings, and also manages our relationships with the credit rating agencies. Mr. Johnson joined KB Home in 2008 as our Assistant Treasurer and has served as Treasurer since 2010. During his tenure as Treasurer, we have raised more than $2.5 billion through a series of capital markets transactions and syndicated financings.

Prior to joining KB Home, Mr. Johnson was an assistant vice president with U.S. Bancorp’s commercial real estate group for three years, following more than 10 years of management consulting experience with several East Coast-based firms.

Mr. Johnson holds a Bachelor of Science degree in Engineering from the Massachusetts Institute of Technology and a Master of Business Administration degree in Real Estate Finance from the USC Marshall School of Business.

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Thomas Norton, Senior Vice President, Human Resources, 16 Years of Service

Thomas Norton is our Senior Vice President of Human Resources. In this role, he is responsible for all human resources functions, including compensation, benefits, succession planning, employee development and organizational effectiveness.

Prior to joining KB Home, Mr. Norton served as Senior Vice President and Chief Human Resources Officer for BJ's Restaurants, Inc., a national restaurant company with over 10,000 employees and more than 80 locations. At BJ’s, Mr. Norton was responsible for recruiting and succession planning, talent development, performance management, team member relations, compensation and benefits.

Previously, Mr. Norton spent more than 14 years with American Golf Corporation, one of the largest and most diverse golf course and country club operations companies in the world. Mr. Norton served as American Golf’s Senior Vice President of Human Resources from 2000 to 2006, and previously held a variety of roles, including Director of Recruiting and Training, Regional Manager and General Manager.

Mr. Norton has served in numerous leadership capacities for charity and non-profit groups including the American Golf Foundation, the National Minority Golf Foundation, the American Heart Association and local community organizations.

Mr. Norton holds a Bachelor of Business Administration degree from the University of Notre Dame, graduating Cum Laude. He also holds a Master of Business Administration degree, with honors, from the USC Marshall School of Business.

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Jill Peters, Senior Vice President, Investor Relations, 9 Years of Service

Jill Peters is our Senior Vice President of Investor Relations. In this role, Ms. Peters is responsible for setting the IR strategy, as well as crafting and communicating the Company’s investment narrative to Wall Street.

Ms. Peters brings nearly two decades of expertise in developing and executing effective IR programs. Prior to joining KB Home, she served as Vice President, Investor Relations at The Cheesecake Factory Incorporated, where she built and led the company’s IR function for 10 years. Prior to The Cheesecake Factory, Ms. Peters spent eight years at a leading investor relations consultancy advising clients across industries and market capitalizations.

Ms. Peters holds a Bachelor of Arts degree in Economics from the University of California at Los Angeles and a Master of Business Administration degree from the UCLA Anderson School of Management.

Board of Directors

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Jeffrey T. Mezger, Chairman of the Board and Chief Executive Officer

Jeffrey T. Mezger has been our Chief Executive Officer, and a member of our Board of Directors, since 2006. In August, 2016, he was named Chairman of the Board.

Under Mr. Mezger’s leadership, KB Home established itself as one of the most recognized brands in homebuilding. He has overseen the development of KB Home’s unique home buying experience, which emphasizes consumer choice and value. As a respected industry voice in sustainability, he launched a strategic transformation of KB Home that led to the introduction and continuous development of our energy-efficient and environmentally-conscious home designs, and helped reduce the environmental impact of our operations.

Mr. Mezger previously held the position of Executive Vice President and Chief Operating Officer of KB Home from 1999 to 2006. In this role, he led the development of our core KBnxt operational business model, and expanded and diversified KB Home’s U.S. homebuilding operations. A homebuilding industry veteran of over 40 years, Mr. Mezger joined KB Home in 1993 as President of the Company's Antelope Valley, California division. He was later named President of the Company’s Arizona division and became Senior Vice President and Regional General Manager of the Company’s Southwest region. Prior to joining KB Home, he spent 15 years with U.S. Home, serving as President of the company’s Central California division from 1983 to 1993.

Mr. Mezger was the Founding Chairman of the Leading Builders of America and previously served as Chairman of the policy advisory board of the Joint Center for Housing Studies at Harvard University, and on the executive board of the USC Lusk Center for Real Estate and serves on the policy advisory board of the Fisher Center for Real Estate & Urban Economics at the University of California, Berkeley. In 2012, Mr. Mezger was inducted into the California Homebuilding Foundation Hall of Fame for his outstanding contribution to the building industry through innovation, public service and philanthropy.

Mr. Mezger holds a Bachelor of Arts degree in Economics from DePauw University.

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Jose M. Barra, Former Senior Vice President, Merchandising Décor at The Home Depot, Inc.

Jose M. Barra is a business leader with 30+ years of diverse experience in retail, healthcare, and management consulting, as well as a skilled strategist with significant P&L experience who has successfully guided enterprises ranging from entrepreneurial startups to multi-billion business portfolios in Fortune 20 companies in generating profitable growth.

Mr. Barra joined The Home Depot, the world’s largest home improvement retailer, in 2017 as Senior Vice President of Merchandising Services. In this capacity, he led a team of over 26,000 associates responsible for enhancing in-store environments and executing merchandising strategies. In 2018, he was promoted to Senior Vice President of Merchandising Décor, where he oversaw the strategic direction and financial performance of key product categories, including flooring, paint, kitchen, bath, appliances, lighting, and window coverings, through 2024.

Before joining Home Depot, Mr. Barra served as an Executive Vice President of Optum Inc., a diversified health and well-being company and subsidiary of UnitedHealth Group Incorporated, a managed healthcare and insurance company. Prior to that, he served as Executive Vice President of merchandising, essentials and hardlines at Target Corporation, one of the largest retailers in the U.S., where he was responsible for the strategic direction and financial performance of 10 divisions that generated more than 60% of total company revenues. Earlier in his career, Mr. Barra also held positions with McKinsey & Company and served as managing director of the real estate and new business development arm of the largest retail conglomerate in Ecuador. Mr. Barra joined the Board in 2023. Member of the Audit and Compliance Committee

 

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Arthur R. Collins, Founder and Managing Partner of theGROUP

Arthur R. Collins is Founder and Managing Partner of theGROUP, a strategy, policy and communications firm based in Washington, D.C. He has more than 30 years of experience advising corporate leaders, heads of state and their governments, and non-profit executives and their boards across a broad range of matters, including national security, energy, healthcare, agriculture, information technology, transportation, manufacturing and financial services. Mr. Collins currently serves on the boards of Aflac Incorporated and RLJ Lodging Trust, a NYSE-listed real estate investment trust. In addition, he serves as Vice Chair of the Brookings Institution Board of Trustees and Chairman of the Morehouse School of Medicine Board of Trustees. Mr. Collins joined the Board in 2020. Member of the Audit and Compliance Committee

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Dorene C. Dominguez, Chairwoman and Chief Executive Officer of the Vanir Group of Companies

Dorene C. Dominguez is the Chairwoman and Chief Executive Officer of the Vanir Group of Companies, Inc. and its subsidiaries, Vanir Construction Management, Inc. and Vanir Development Company, Inc. The firms collectively specialize in all aspects of commercial and institutional real estate development, project delivery, and construction management services. Ms. Dominguez is an active member of various community improvement projects, boards and commissions, including chair of The Dominguez Dream, which serves elementary schools in underserved communities by providing academic enrichment programs in math, science, language arts and engineering. She is a current member of the Latino Studies Board of University of Notre Dame and the Coca-Cola Hispanic Advisory Council, is a Hesburgh Trustee for the University of Notre Dame, and also serves on the board of directors of Pride Industries, Cal Chamber, Douglas Emmett, Inc. (REIT), and the AILAS (Aspen Institute Latinos and Society Program). Ms. Dominguez joined the Board in 2017.Member of the Audit and Compliance CommitteeMember of the Nominating and Corporate Governance Committee

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Kevin P. Eltife, Owner of Eltife Properties, Ltd.

Kevin P. Eltife is the owner of Eltife Properties, Ltd., a commercial real estate investment firm, which he founded in 1996. He has deep expertise in overseeing complex real estate development projects, a strong background in executive leadership and governance, and considerable policymaking and civic engagement experience. Mr. Eltife has served as the Chairman of The University of Texas System Board of Regents since 2018, following his initial appointment to that board in 2017. Previously, Mr. Eltife served for 12 years as a Texas State Senator and for six years as the Mayor of Tyler, Texas. Mr. Eltife joined the Board in 2020. Member of the Audit and Compliance Committee

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Dr. Stuart A. Gabriel, Director of the Richard S. Ziman Center for Real Estate at the University of California at Los Angeles

Dr. Stuart A. Gabriel is the director of the Richard S. Ziman Center for Real Estate at the University of California at Los Angeles, and is Distinguished Professor of Finance and Arden Realty Chair at the UCLA Anderson School of Management. Prior to joining UCLA in 2007, he was director and Lusk Chair in Real Estate at the USC Lusk Center for Real Estate, and was Professor of Finance and Business Economics at the Marshall School of Business at the University of Southern California. Dr. Gabriel serves as a director of KBS Real Estate Investment Trust, Inc., KBS Real Estate Investment Trust II, Inc. and KBS Real Estate Investment Trust III, Inc., and is a consultant to corporate and governmental entities. He holds a Ph.D. in Economics from the University of California, Berkeley. Dr. Gabriel previously served on the economics staff of the Federal Reserve Board in Washington D.C., as a visiting scholar at the Federal Reserve Bank of San Francisco, and as President of the American Real Estate and Urban Economics Association. Dr. Gabriel joined the Board in 2016.Member of the Audit and Compliance Committee

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Dr. Thomas W. Gilligan, Senior Fellow at the Hoover Institution, Stanford University

Dr. Gilligan is currently an Emeritus Senior Fellow at the Hoover Institution on War, Revolution, and Peace at Stanford University, a position he has held since September 2020. In addition, since September 2021, Dr. Gilligan has been a clinical professor of finance and a senior scholar at the McCombs School of Business Salem Center for Policy. From September 2015 until September 2020, Dr. Gilligan served as the Tad and Dianne Taube Director of the Hoover Institution, which is a public policy research center devoted to the advanced study of economics, politics, history, political economy, and international affairs. Dr. Gilligan has deep knowledge of and significant academic credentials in the fields of finance, economics, and business administration. He also brings extensive leadership skills and experience from his many years of service as a dean at two of the premier post-graduate business schools in the country and his immediate past position as the head of a prominent public policy institution.  Dr. Gilligan joined the Board in 2012.Chair of the Audit and Compliance CommitteeMember of the Nominating and Corporate Governance Committee

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Cheryl J. Henry, Former President, Chief Executive Officer and Chairwoman of Ruth's Hospitality Group, Inc.

Ms. Henry is the former President, Chief Executive Officer and Chairwoman of Ruth's Hospitality Group, Inc., a fine-dining restaurant company operating over 150 Ruth's Chris Steak House restaurants worldwide, prior to its acquisition. A seasoned executive, she has extensive operational and marketing experience, having served in a variety of senior roles at Ruth’s Chris, including Chief Operating Officer, before assuming the CEO role. Previously, Ms. Henry served as Chief of Staff for the Mayor of Orlando. She also serves on the board of directors of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL). Ms. Henry joined the Board in 2024. Member of the Nominating and Corporate Governance Committee

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Jodeen A. Kozlak, Founder and Chief Executive Officer of Kozlak Capital Partners, LLC

Jodeen A. Kozlak is the founder and CEO of Kozlak Capital Partners, LLC, a private consulting firm. Ms. Kozlak previously served as the Global Senior Vice President of Human Resources of Alibaba Group, a multinational conglomerate. Ms. Kozlak also previously served as the Executive Vice President and Chief Human Resources Officer of Target Corporation, one of the largest retailers in the U.S., and held other senior roles in her 15-year career at the company. Prior to joining Target, Ms. Kozlak was a partner in a private law practice. Ms. Kozlak has significant experience and insight into human capital management, talent development and executive compensation across a variety of organizational structures, as well as a strong background in executive leadership. Ms. Kozlak also serves on the boards of C.H. Robinson Worldwide, Inc., MGIC Investment Corporation, and Aspen Dental, a privately held company. Ms. Kozlak joined the Board in 2021. Member of the Management Development and Compensation Committee

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James C. "Rad" Weaver, Chairman and Chief Executive Officer of CW Interests, LLC

James C. “Rad” Weaver is CEO and Chairman of CW Interests, LLC, an investment management firm in San Antonio, Texas. He oversees the implementation of the company’s investment strategies, including management of direct investments in private operating businesses. Mr. Weaver is the former CEO of McCombs Partners. He also serves as a director of several private companies including Cox Enterprises, Inc., where he serves as chairman of the board's investment committee; Circuit of the Americas; Jonah Energy, where he serves as board chairman; and Milestone Brands. In 2017, he was appointed to the University of Texas System Board of Regents. Mr. Weaver has considerable experience in executive leadership, business strategy and execution, financial planning and analysis, and asset/investment management across a broad range of industries and brings critical insight on governance and economic and regulatory policymaking. Mr. Weaver joined the Board in 2017. Member of the Nominating and Corporate Governance Committee Member of the Management Development and Compensation Committee

Committee Composition

Governance Documents

Our Commitment to Sustainability Reporting

Our sustainability materiality priorities

We publish standards and policies across our business that guide our operations, leadership, employee conduct and supplier relationships, and continue to expand on them.

Social standards and policies

Cybersecurity and data privacy

Public policy participation

We believe that actively participating in the public policymaking process is an important aspect of being a responsible member of the communities in which we build and necessary in the pursuit of our business goals. To this end, we:

Engage with public officials and other policy makers at all levels of government in discussions about issues that affect homeownership.

Commit to complying with all laws applicable to the making and public reporting of political campaign contributions. Contributions to federal campaigns are made only by the KB Home American Dream Political Action Committee.

Make contributions to candidates for public office, irrespective of political party affiliation, and to certain ballot initiatives.

Contribute to state and local campaigns as permitted by applicable law.

Support candidates who understand the homebuilding process and champion the broadening of homeownership opportunities.

Put in place an internal management approval process for political campaign contributions and a reporting process to our Board of Directors’ Nominating and Corporate Governance Committee.

Support ballot initiatives that enhance community development and services — primarily bond measures for schools, parks, transportation, water and environmental protection.

In 2024, we contributed $442,280 to campaigns for state and local offices in California and Nevada, and to California campaign commitees.

The California contributions can be found on the California Secretary of State’s website at https://www.sos.ca.gov/. 
The Nevada contributions can be found on the Nevada Secretary of State’s website at https://www.nvsos.gov/sos

We are a longtime member of the Ceres Business for Innovative Climate and Energy Policy (BICEP) Network, a group of leading consumer brands and Fortune 500 companies. Members support three principles: increased adoption of renewable energy and energy efficiency; increased investment in a clean energy economy; and increased support for climate change resilience.

BICEP

Stakeholder Transparency & Data Tables

Data transparency has been a core element of our sustainability strategy since our first report in 2008. We believe that it is important to share where we are, not just where we plan to be, and to be clear when we have not yet lived up to our goals. We also provide nearly two decades of historical data in order to allow ourselves as well as our stakeholders to evaluate our progress.

A comprehensive approach to disclosure and data sharing 

We have provided comprehensive data tables of our key ESG sustainability metrics for both the most recent fiscal year and historical comparisons (subject to available data). We report such information in this chapter and we provide relevant subsets in other reports and on our website in alignment with the SASB, TCFD, GRI and UN SDG frameworks. We intend to continue this reporting in the normal course of our business. We also describe these topics in our periodic reports to the Securities and Exchange Commission (SEC), including in our 2024 Annual Report on Form 10-K.

2024 Sustainability Report

At KB Home, we believe that sustainability is built on one essential idea: balance. We strive to ensure that today’s buyers can achieve the dream of homeownership while balancing that objective with mindfulness about the sustainability needs of future generations and our environment. Sustaining the dream of homeownership both today and into the future is what we do every day.

This year, we published our 18th annual Sustainability Report, the longest-running publication of its kind in the homebuilding industry. We invite you to learn about what matters to us and to join us on our journey. We encourage you to review our previous 17 sustainability reports to learn more about our consistent, long-term approach and all of the work that lies behind our 2024 sustainability results.

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Investor contact

Jill Peters

Senior Vice President, Investor Relations
Phone: (310) 231-4000
investorrelations@kbhome.com

Transfer agent

Computershare

P.O. Box 43078
Providence, RI 02940-3078
(888) 667-7640
computershare.com/investor

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