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M.D.C. Holdings Publishes New ESG Report Which Includes HERS® Index Metric

Nov 6, 2023 BuildersGeneralProvidersRaters



M.D.C. Holdings, Inc., parent company to the Richmond American Homes companies, recently published its 2022 Corporate Sustainability Report.

Included in the company’s ESG report are Richmond American’s national average HERS Index Ratings, which measures a home’s comparative energy efficiency. The report states: “In our 2021 Proxy Statement, we set a goal to decrease our national average HERS rating to 50 or less by 2025. We are happy to announce that we achieved a national average rating of 49 in 2022, meeting our goal three years ahead of schedule.”

The report calculated that the HERS-rated homes netted a savings of  141,304 tons in CO2 emissions.

Builders with HERS and HERSH2O® ratings use data in the RESNET® National Buildings Registry with ESG reporting for the Design for Resource Efficiency and Climate Change Adaptation metrics in the Sustainability Accounting Standards Board’s Home Builder Sustainability Accounting Standard.  For more information click on RESNET Data for ESG Reporting.

M.D.C. Holdings, Inc.’s Executive Chairman of the Board of Directors Larry A. Mizel commented, “Over the past two decades, we’ve expanded our definition of positive community impact to include green initiatives. Improving the energy efficiency of each home we build is vital to that effort. The first step was adopting a rating system, allowing us to gain a baseline understanding of efficiency to gauge future improvements. Through 2022, over 58,000 new Richmond American homes were rated for energy efficiency.

”To download the ESG report go to Richmond American Homes Sustainability Report

M.D.C. Holdings, Inc. was founded in 1972. MDC’s homebuilding subsidiaries, which operate under the name Richmond American Homes, have helped more than 240,000 homebuyers achieve the American Dream since 1977. One of the largest homebuilders in the nation, Richmond American companies have operations in Alabama, Arizona, California, Colorado, Florida, Idaho, Maryland, Nevada, New Mexico, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia and Washington. Mortgage lending, insurance, and title services are offered by the following MDC subsidiaries, respectively: HomeAmerican Mortgage Corporation, American Home Insurance Agency, Inc., and American Home Title and Escrow Company. M.D.