Our sustainability goals have remained clear and our direction consistent for the past 16 years. These goals have formed part of the platform upon which we have grown our business and strengthened stakeholder relationships.
Our progress is purposeful, and we continue to expand our governance policies and practices as an essential framework for including our stakeholders and guiding us forward.
We believe that transparency is essential to operating an inclusive, stakeholder-driven business. Publicly disclosing our organizational and governance standards and practices in this chapter in an easy- to-find, easy-to-understand format is part of how we do that. Our management and oversight personnel and structures support a business that adheres to the highest principles while continuing to support innovation and expansion across all three pillars of sustainability: environmental, social and governance.
Strong governance and oversight are the backbone of sustainable businesses
Sustainability is integrated into virtually every function of our organization and is a critical strategy for our business. As such, we have created a number of structures as well as an Environmental Management System (EMS) to oversee and continuously fine-tune these efforts.
Sustainability Oversight Structure
We have a number of governance structures that are specifically tasked with driving our sustainability strategies and actions throughout our entire organization.
Two directors also serve as the Board’s liaisons to management on ESG matters:
Arthur R. Collins
Founder and Managing Partner
theGROUP
Dorene C. Dominguez
Chairwoman and CEO
Vanir Group of Companies, Inc.
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Board of Directors Oversight
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The Board of Directors oversees sustainability as part of our overall business strategy. In addition, the Board’s Audit and Compliance Committee has oversight
responsibilities for environmental sustainability matters; its Management
Development and Compensation Committee has oversight responsibility for
social responsibilities for social matters related to human capital management
and employee health and safety; and its Nominating and Corporate Governance
Committee has oversight responsibility for governance.
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National
Advisory Board
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As discussed on the following page, nationally recognized
leaders meet twice yearly with us to discuss recommendations
related to sustainability and other issues.
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Sustainability
Leadership Team
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A group of high-level executives, led by our Chief Operating Officer and Senior Vice President for Sustainability and including select Division Presidents, convenes
on a regular basis to discuss sustainability strategies and craft, refine company policies and initiatives, and create buy-in with leaders across all of our operating regions
and major functional departments.
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ESG Steering Committee
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A group of senior executives, led by our Senior Vice President of Investor Relations and Senior Vice President for Sustainability, interacts with various disciplines within KB Home and with key external stakeholders, raising the profile of sustainability across the company and enhancing our transparency and disclosure around these initiatives.
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Environmental Management System
(EMS)
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We have a process for decision-making and continuous
improvement for all of our sustainability
initiatives, including environmental, which involves all levels of the
organization. In 2020,
we formalized this process into an EMS process, as outlined
on page 56, to continue to expand the
transparency of our processes.
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