Yearley noted that, in preparing the report, the home builder had a number of constituents and stakeholders in mind. This includes the investment community, shareholders, Toll Brothers employees, home buyers and renters, trade partners, and the cities and towns where the company builds.
“We hope this report will give each of them a better understanding of our company and how we integrate environmental, social and governance practices into our business every day,” Yearley said.
According to Yearley, “As an industry, home builders have an incredible opportunity to make a positive impact on our nation, both as developers bringing much-needed housing to a country with a tremendous housing shortage, and as major job creators as the nation’s economy rebounds from the challenges caused by the pandemic. This information is the first step in documenting our responsibilities and contributions in the many important facets of ESG reporting.”
Toll Brothers builds in 24 states with the company operating its own architectural, engineering, mortgage, title, land development, golf course development, smart home technology, and landscape subsidiaries. Based in Fort Washington, Pa., the builder also operates its own lumber distribution, house component assembly, and manufacturing operations.