Meritage Homes Releases Inaugural Environmental, Social and Governance Report

SCOTTSDALE, Ariz. (GLOBE NEWSWIRE) — Meritage Homes Corporation (NYSE:MTH), the sixth-largest homebuilder in the U.S., announced the release of its inaugural Environmental, Social and Governance (“ESG”) report to increase transparency of its ESG strategy and initiatives as well as related key performance metrics. The 2020 ESG report also highlights the Company’s ongoing approach to long-term sustainability practices, diversity, equity and inclusion (“DE&I”) efforts and milestones achieved during the year. The company intends to provide annual updates to its ESG reporting.

Environmental, social and governance matters are central to our strategy and integrated into our everyday business operations,” said Steven J. Hilton, executive chairman of Meritage Homes. “While we have been sharing our ESG-related performance since our first corporate sustainability report in 2012, this report is the next step in documenting our ESG journey. It outlines how our strategy is aligned with long-term value creation for our stakeholders, our communities, and our planet.”

As part of this report, Meritage provided disclosures under the internationally recognized frameworks of the Sustainability Accounting Standards Board, the Global Reporting Initiative and the United Nations Sustainable Development Goals.

Key highlights from Meritage’s 2020 ESG report include:
Environmental:

• Delivered 10,603 ENERGY STAR® certified homes with an average HERS Index Score of 56.
• Began double-certifying new Meritage homes by adding the U.S. Environmental Protection Agency’s Indoor airPLUS certification to its ENERGY STAR® certification.
• Conducted its first greenhouse gas emissions measurement.

Social:

• Added the option of 100% contactless selling to further digitize the customer buying experience and make it easier to interact virtually while buying a home.
• Developed a DE&I strategic roadmap with a dedicated full-time leader to implement the strategy.
• Conducted company-wide training focused on unconscious bias in the workplace.
• Continued to invest in our employees, resulting in 94% of our employees being proud to work for Meritage and a Glassdoor average employee rating of 4.3 out of 5.
• Donated $750,000 to help those affected by COVID-19, fighting hunger and combating homelessness.

Governance:

• Established the Environmental, Social & Sustainability board committee to guide its ESG mission.
• Increased gender diversity of its board to 22 percent.

“Since 2009, we have invested hundreds of millions of dollars in a relentless pursuit of building better, smarter, healthier homes through game-changing, money-saving energy efficiency, thoughtful design and higher building standards,” said Phillippe Lord, chief executive officer of Meritage Homes. “Our ESG report provides our stakeholders deeper insight into our activities and successes, as well as insight into our social and governance actions. Although there is so much more work we can do, I am proud that our achievements are meaningful and long-lasting.”

For more information on Meritage’s ESG initiatives and to view the full 2020 ESG report, visit https://investors.meritagehomes.com/environmental-social-and-governance/esgreports.