Click to see PulteGroup’s performance for 2020 against the SASB guidelines.
WORKING TO BUILD A SUSTAINABLE FUTURE
In an industry where projects take years to complete, homebuilding demands a long-term perspective. With a history spanning more than seven decades, PulteGroup fully recognizes the importance of such a multi-year view and the need to maintain sustainable business practices. By intelligently managing the resources homebuilding requires, we can better ensure our ongoing success and continue to be a trusted partner to all stakeholders.
Since publishing our initial sustainability report over a decade ago, we have routinely provided updates on our ESG practices, policies and outcomes. In 2021, we are advancing our ESG practices and reporting against the applicable Sustainability Accounting Standards Board’s (SASB) guidelines for homebuilders.
As noted in these guidelines, “Companies that successfully apply smart growth development strategies will likely have a positive impact on communities, and also capitalize on higher demand and price premiums.” By reporting against a standardized set of sustainability-related risks and opportunities, stakeholders can better track our performance over time and against other national homebuilders.
In addition to reporting against the SASB Standards, we will also provide information aligned with the Task Force on Climate-related Financial Disclosures (TCFD). Consistent with TCFD recommendations, we will provide enhanced disclosures on our climate-related governance, strategy, risk management and metrics in future SEC filings. To date, the direct impact of climate change on the U.S. homebuilding industry has not been significant, but we believe that key elements of our operating strategy give us a competitive advantage and can support our growth as society reacts to the impact of climate change.
A THOUGHTFUL APPROACH TO LAND MANAGEMENT
The U.S. population has increased by 50 million people since 2000 and is expected to gain another 25 million by 2030.
Providing needed housing while minimizing potential environmental impacts requires thoughtful planning which is why we take a disciplined, risk-based approach in executing a land strategy that includes targeting parcels closer to urban centers, as well as brownfield sites for redevelopment. We also actively seek those sites which permit construction of multi-family projects such as low-rise condominiums and townhouses which can use available acreage more efficiently, as well as more affordably priced homes. In 2020, 15% of our total deliveries were attached units, while first-time homes comprised 31% of deliveries, up from 26% just two years prior.
GOOD THINGS IN SMALL(ER) PACKAGES
Building on our heritage as a master craftsman, we have developed a comprehensive process to better ensure the build quality of every home we deliver, including establishing the industry’s first independent audit function for the homes we build.
We monitor the results of our efforts through our Build Quality Dashboard which has tracked consistent gains in our Pulte Quality Index and Customer Quality Experience scores for the past five years. Through our sustained efforts, PulteGroup has become a recognized leader in build quality.
THE POWER OF CULTURE
Bill Pulte knew the importance of people when he founded the company in 1950. Bill often said that competitors can copy our floorplans, but they can never copy our people.
It’s for this reason that PulteGroup invests heavily in hiring and training the best individuals and advancing a culture that is welcoming to all and that helps ensure the growth and success of each individual. Instrumental to building such a culture is our Commitment to all employees that we must provide Work that Moves, Trust that Empowers You, Opportunities to Grow and A Company that Brings You Pride.