Toll Brothers Releases Inaugural Environmental, Social and Governance Report
Toll Brothers, Inc., the nation’s leading builder of luxury homes, today announced it has published its first Environmental, Social and Governance (ESG) Report. The report can be found at TollBrothers.com/ESG.
“We are pleased to release our inaugural ESG Report, setting a benchmark for our accomplishments on a range of environmental, social and governance matters,” said Douglas C. Yearley, Chairman and Chief Executive Officer of Toll Brothers. “Since Toll Brothers was founded in 1967, we have taken seriously our responsibilities to the broader communities in which we build and to the environment. Our Board of Directors and senior management team believe our ESG program is an important part of who we are as a company, and we look forward to continuing to share our progress on these initiatives.”
Yearley continued: “In preparing this report we have in mind a number of constituents and stakeholders: the investment community, and most specifically our shareholders, our Toll Brothers employees, our home buyers and renters, our trade partners, the cities and towns in which we build, and the broader society at-large. 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.
“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.”
For its first ESG Report, Toll Brothers has utilized industry-specific standards from the Sustainability Accounting Standards Board (SASB) as a basis for identifying topics of relevance for the company and the investment community. SASB is an independent nonprofit organization that sets standards to guide the disclosure of financially-material sustainability information by companies to their investors.
About Toll Brothers
Toll Brothers, Inc., a FORTUNE 500 Company, is the nation’s leading builder of luxury homes. The Company was founded over 50 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, golf course development, smart home technology, and landscape subsidiaries.
The Company also operates its own lumber distribution, house component assembly, and manufacturing operations.
Frederick N. Cooper – Media Contact – email@example.com – (215) 938-8312
Source: Toll Brothers, Inc.