Meritage Homes Sustainability Profile
Meritage Homes Corporation, commonly referred to as Meritage Homes, is a prominent player in the residential construction industry, headquartered in the United States. Founded in 1985, the company has established a strong presence in key operational regions, including Arizona, California, Texas, and Florida. Specialising in energy-efficient homes, Meritage Homes is renowned for its innovative designs and commitment to sustainability, offering a range of single-family homes and communities tailored to diverse lifestyles. The company has achieved significant milestones, including recognition for its eco-friendly building practices and customer satisfaction ratings. With a focus on quality and affordability, Meritage Homes has positioned itself as a leader in the market, consistently delivering homes that meet the evolving needs of modern buyers. Its dedication to excellence has earned numerous accolades, solidifying its reputation as a trusted name in homebuilding.
DitchCarbon Score
How does Meritage Homes's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Meritage Homes's score of 18 is lower than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Meritage Homes's reported carbon emissions
In 2023, Meritage Homes, headquartered in the US, reported total carbon emissions of approximately 1,000,000 kg CO2e across all scopes. This includes 201,000 kg CO2e from Scope 1, 5,490,000 kg CO2e from Scope 2, and a significant 981,071,000 kg CO2e from Scope 3, specifically from the use of sold products. The combined total for Scope 1 and Scope 2 emissions was about 5,691,000 kg CO2e. Comparatively, in 2022, the company recorded total emissions of about 1,000,000 kg CO2e, with 127,000 kg CO2e from Scope 1, 5,432,000 kg CO2e from Scope 2, and 1,005,508,000 kg CO2e from Scope 3. The total for Scope 1 and Scope 2 was approximately 5,559,000 kg CO2e. Meritage Homes has not set specific reduction targets or initiatives as part of their climate commitments, nor do they participate in initiatives such as the Science Based Targets initiative (SBTi). The absence of documented reduction targets suggests a need for further development in their climate strategy. Overall, while the company has made strides in reporting emissions, the lack of reduction initiatives indicates an opportunity for improvement in their climate commitments.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 86,000 | 000,000 | 000,000 |
| Scope 2 | 5,816,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 1,652,529,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Meritage Homes's Industry?
How Carbon Intensive is Meritage Homes's Location?
Meritage Homes's Scope 3 Categories Breakdown
Meritage Homes's Scope 3 emissions, which increased by 7% last year and increased by approximately 12% since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Meritage Homes's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Meritage Homes has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
