Richmond American Homes Sustainability Profile
Richmond American Homes, a prominent player in the residential construction industry, is headquartered in the United States. Founded in 1977, the company has established a strong presence across various operational regions, including the West, Southwest, and Southeast. Specialising in the design and construction of single-family homes, Richmond American is known for its commitment to quality craftsmanship and innovative designs. The company offers a diverse range of homes, catering to different lifestyles and budgets, which sets it apart in a competitive market. With a focus on customer satisfaction and energy-efficient building practices, Richmond American Homes has garnered numerous accolades, solidifying its reputation as a trusted homebuilder. As a leader in the industry, the company continues to shape communities and create lasting value for homeowners.
DitchCarbon Score
How does Richmond American 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
Richmond American Homes's score of 53 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Richmond American Homes's reported carbon emissions
In 2021, Richmond American Homes reported total carbon emissions of approximately 2,240,394,000 kg CO2e, with emissions distributed across various scopes: 1,077,000 kg CO2e from Scope 1, 2,600,000 kg CO2e from Scope 2, and a significant 2,236,697,000 kg CO2e from Scope 3. The Scope 3 emissions were primarily driven by the use of sold products (919,500,000 kg CO2e) and purchased goods and services (1,308,000,000 kg CO2e). For 2022, the company disclosed Scope 3 emissions of about 707,000 kg CO2e from the use of sold products and 1,000,000 kg CO2e from purchased goods and services, although total emissions data for that year was not provided. Richmond American Homes has set ambitious climate commitments, aiming to reduce its national average Home Energy Rating System (HERS) rating to 50 or less by 2025. This target applies to both Scope 1 and Scope 2 emissions, indicating a proactive approach to enhancing energy efficiency in its operations. The emissions data is cascaded from its parent company, M.D.C. Holdings, Inc., which provides a broader context for the company's sustainability efforts. Richmond American Homes is part of a corporate family that includes Sekisui House, Ltd., which influences its sustainability initiatives and targets. Overall, Richmond American Homes is actively working towards reducing its carbon footprint while aligning with industry standards for climate action.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 1,137,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 2,392,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 1,736,545,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Richmond American Homes's Industry?
How Carbon Intensive is Richmond American Homes's Location?
Richmond American Homes's Scope 3 Categories Breakdown
Richmond American Homes's Scope 3 emissions, which increased by 16% last year and increased by approximately 29% since 2019, 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 "Purchased Goods and Services" being the largest emissions source at 58% of Scope 3 emissions.
Top Scope 3 Categories
Richmond American 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.
Richmond American 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.
