Lennar - 1792 Exchange

Corporate Bias Rating

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Risk Level:

Lower Risk

Summary:

Lennar is Lower Risk. The company does not yield to political activism in shaping corporate governance, preventing initiatives that potentially alienate consumers, divide employees, and harm shareholders. The company elevates merit, excellence, and integrity ahead of race and identity-based policies. Lennar does not embrace corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach protects free exercise, free speech, and free enterprise.

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Criteria

Risk Level

Rationale

Corporate Weaponization

Criteria

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level

Rationale

Lennar has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (1).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level

Rationale

Lennar does not appear to discriminate against charitable organizations based on views or beliefs (1).

Criteria

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level

Rationale

Lennar does not provide viewpoint protections for its employees (1)(2).

Corporate Governance and Public Policy

Criteria

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level

Rationale

Lennar Executive Chairman Stuart Miller is a member of the Business Roundtable and signed the 2019 Statement on the Purpose of a Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders (1)(2).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level

Rationale

Lennar has not used corporate funds to advance ideological causes, organizations, or policies (1)(2).

Criteria

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level

N/A

Rationale

Lennar does not operate a PAC at this time and has not reported on its lobbying (1)(2)(3).

Board Bias

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CEO of Lennar

Stuart Miller

CEO of Lennar

Jon Jaffe

Summary:

Headquartered in Miami, Florida, Lennar is a member of the Fortune 250 operating in the Capital Goods industry. Stuart Miller, Jon Jaffe and Stuart Miller serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $501,477 to Republican causes and $979,390 to Democratic causes. Under their tenure, Lennar currently holds a 'Lower Risk' risk rating.

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Political Contributions of Leadership:

$501,477

$979,390

Republican

Democrat

Shareholder Proposals

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Date	ESG Category	Proponent	Summary of Resolution	Mgmt Rec	Total Vote % in Favor
4/10/24	Social	The Comptroller of the State of New York, Thomas P. DiNapoli	LGBTQ Equity and Inclusion Disclosures	Against	16.48%
4/10/24	Governance	John Chevedden	Political Spending Disclosure	Against	19.85%
4/10/24	Environmental	As You Sow	Reducing Greenhouse Gas Emissions	Against	19.91%
4/12/23	Governance	John Chevedden	Equal Voting Rights for Each Share	Against	45.00%