In 2024, Meritage Homes completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Meritage Homes has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 5,129a | 201a | 127a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 7,933a | 5,490a | 5,432a | |
Total Scope 3 | 710,737a | 981,071a | 1,005,508a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.8023a | 0.0327a | 0.0202a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Meritage Homes amounted to 13,062 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Meritage Homes increased by 129.52%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Meritage Homes were 5,129 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Meritage Homes's Scope 1 emissions have increased by 6,392.41%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Meritage Homes's Scope 1 emissions increased by 2,451.74%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Meritage Homes reported Scope 2 greenhouse gas (GHG) emissions of 7,933 tCO₂e without specifying the calculation method.a
Since 2019, Meritage Homes's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 10.61%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Meritage Homes's Scope 2 emissions (Unspecified Calculation Method) rose by 44.5% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Meritage Homes reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Meritage Homes reported 710,737 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Meritage Homes includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Meritage Homes reported total Scope 3 emissions of 710,737 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Meritage Homes's Scope 3 emissions have decreased by 47.61%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Meritage Homes's Scope 3 emissions decreased by 27.55%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Meritage Homes reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Meritage Homes's Scope 3 emissions were:a
In 2024, Meritage Homes reported Scope 1 greenhouse gas (GHG) emissions of 5,129 tCO₂e and total revenues of USD 6,393 millions. This translates into an emissions intensity of 0.8 tCO₂e per millions USD.a
In 2024, Meritage Homes reported a Scope 1 emissions intensity of 0.8 tCO₂e per millions USD. Compared to the peer group median of 2.72, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Meritage Homes ranked 6 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Meritage Homes is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Meritage Homes reported a total carbon footprint of 723,799 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 26.65% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Meritage Homes's total carbon footprint was Scope 3 emissions, accounting for 98.2% of the company's total carbon footprint, followed by Scope 2 emissions at 1.1%.a