Hovnanian Enterprises Inc.
HOVNP.US | Construction of buildings
Hovnanian Enterprises, Inc. is a national homebuilder that designs, constructs, and sells single-family detached homes, attached townhomes, and condominiums, primarily for first-time and move-up buyers. The company operates in various geographic regions across the United States. Hovnanian also provi...Show More
Better Health for All
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The company's new construction homes offer improved indoor air quality due to energy-efficient and eco-friendly features, providing a modest health benefit.
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However, Hovnanian Enterprises has faced significant environmental violations, including a $1 million civil penalty in 2010 for Clean Water Act violations at nearly 600 construction sites across 18 states and Washington, D.C., for failing to prevent or limit pollutants in storm water runoff.
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Additional environmental violation penalties totaling $265,000 were recorded between 2011 and 2020.
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Fair Money & Economic Opportunity
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No relevant data was found in the provided articles to assess Hovnanian Enterprises Inc against the 'Fair Money & Economic Opportunity' value.
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The articles either explicitly stated a lack of relevant information or were unable to be processed due to technical issues, preventing any data extraction for the specified KPIs.
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Fair Pay & Worker Respect
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No evidence available to assess Hovnanian Enterprises Inc on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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No specific quantitative data regarding fair trade certifications, audit frequency, forced or child labor incidents, supply chain traceability, remediation speed, ethical clause coverage in supplier contracts, materials risk index, or supplier diversity spend was provided across the available articles for Hovnanian Enterprises Inc. The ESG reports for 2022, 2023, and 2024 explicitly state the absence of such data for many of these KPIs.
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Honest & Fair Business
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Hovnanian Enterprises Inc. has a formal whistleblower policy that includes an anonymous reporting hotline and allows reports to be made to the Audit Committee, enabling employees to report unethical behavior without fear of retaliation.
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However, there is no evidence detailing independent investigation processes or program effectiveness. The company also has a Code of Ethics for all associates, including senior financial management, which addresses conflicts of interest and insider trading, but information on the frequency of training or metrics for its effectiveness is not provided.
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Kind to Animals
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No evidence available to assess Hovnanian Enterprises Inc on Kind to Animals.
No War, No Weapons
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No evidence was found in the provided articles to assess Hovnanian Enterprises Inc (HOVNP.US) against any of the KPIs for the 'No War, No Weapons' ethical value. All articles explicitly state that they contain no data related to the company's defense-related activities, arms contracts, dual-use technology, peacebuilding investments, or any other relevant metrics.
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Planet-Friendly Business
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Hovnanian Enterprises, Inc. reported no significant environmental compliance violations for the fiscal year ended October 31, 2024.
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Respect for Cultures & Communities
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No evidence available to assess Hovnanian Enterprises Inc on Respect for Cultures & Communities.
Safe & Smart Tech
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No evidence available to assess Hovnanian Enterprises Inc on Safe & Smart Tech.
Zero Waste & Sustainable Products
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Hovnanian Enterprises implements waste reduction initiatives by simplifying floor plans, using prefabricated components, and focusing on urban renewal/redevelopment projects.
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The company had no monetary losses due to environmental regulations in fiscal 2023 and no waste disposal violations in the past three years.
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Corporate assessments of stormwater management programs are conducted three times a year at individual construction sites.
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However, the company does not have formal waste reduction targets, and its Vendor Code of Conduct establishes general principles for product and material supply without specific waste-related requirements for tier-1 suppliers.
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