The AZEK® Company Releases 2021 “FULL-CIRCLE” Environmental, Social and Governance (ESG) Report
01 Luglio 2022 - 1:30PM
Business Wire
Report Highlights Continued Commitment to
Positively Impacting Products, People and the Planet
The AZEK Company Inc. (NYSE: AZEK) ("AZEK" or the “Company”),
the industry-leading manufacturer of beautiful, low-maintenance,
and environmentally sustainable outdoor living products, including
TimberTech® decking, Versatex® and AZEK® Trim and StruXure™
pergolas, today released its 2021 FULL-CIRCLE™ Environmental,
Social and Governance (ESG) report. The report details AZEK’s
ongoing commitment to making a lasting impact on the world by
accelerating its use of recycled materials towards its billion
pounds goal, fostering a culture that champions diversity, equity
and inclusion, and operating with integrity and accountability to
always do the right thing.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220630005536/en/
The AZEK Company's 2021 FULL-CIRCLE ESG
Report Highlights Continued Commitment to Positively Impacting
Products, People and the Planet (Graphic: Business Wire)
“ESG is at the core of our business strategy, the products and
innovations we bring to market, the people we choose to hire, and
our unique position as both a recycler and consumer of hundreds of
millions of pounds of otherwise landfill-bound waste and scrap. It
is central to both our growth and purpose as a company,” AZEK CEO
Jesse Singh said. “I could not be prouder of the progress and
expansion of our FULL-CIRCLE efforts in 2021, but also with the
view that this is simply the next step in our journey of building a
great company. Every day, our team seeks new and innovative
solutions to revolutionize our industry, while also making us
stronger and more resilient. We are committed to pushing ourselves,
and the industry, toward a more sustainable future because we
believe that companies like AZEK have a great responsibility to
make the world a better place and create shared value for all. We
believe it is simply the right thing to do.”
Highlights of AZEK’s 2021 FULL-CIRCLE report include:
- Approximately 500 million pounds of scrap and waste diverted
from landfills and used in our products (an increase of ~100
million pounds vs. fiscal year 2020)
- Launched AZEK’s FULL-CIRCLE Recycling™ program to collect and
repurpose construction site and remodeling scrap into AZEK
products; awarded one of Fast Company’s World Changing Ideas in
2021
- 23% reduction in carbon intensity (tCO2e per $1 million net
sales) since 2019
- Completed a full Scope 3 (value chain) emissions inventory as
preparation for setting science-based emissions reduction
targets
- Commissioned the first-of-its-kind, peer-reviewed life-cycle
assessment on Ipe decking to quantify and compare the environmental
performance against TimberTech decking and further illustrate that
TimberTech decking is more sustainable over its life cycle than
traditional wood decking
- Achieved Zero Waste-to-Landfill certification for the 2021
TimberTech Championship, the first tournament to do so in PGA Tour
Champions history
- 24% improvement in safety performance year-over-year
- Formalized and launched our Diversity, Equity and Inclusion
framework and signed onto the CEO Action for Diversity and
Inclusion initiative
- Named one of Chicago’s Top Workplaces by the Chicago Tribune
and a Best Led Company by Inc.
- 50% gender and/or racially/ethnically diverse board, up from
33% last year
- 55% gender and/or racially/ethnically diverse executive team,
up from 50% last year
- Strengthened our corporate governance profile based upon the
feedback obtained through our shareholder outreach initiatives
- ESG added as a component of individual performance under our
2021 management annual incentive plan
- As of 2021, The AZEK Company received an MSCI ESG rating of
'A.'
- In November 2021, The AZEK Company received an ESG Risk Rating
of 15.7 from Sustainalytics and was assessed to be at LOW risk of
experiencing material financial impacts from ESG factors.
“AZEK’s FULL-CIRCLE strategy has unequivocally become a unique
point of engagement for all our stakeholders – our employees,
customers, suppliers, partners and investors alike,” said AZEK’s
Vice President of ESG and Corporate Affairs Amanda Cimaglia. “I
continue to be inspired by the unwavering commitment of our team to
create a more sustainable future by collectively advancing our
FULL-CIRCLE initiatives. We look forward to continuing to lead by
example and transforming the outdoor living industry to be more
sustainable and innovative, while always staying true to our core
values and providing rigorous and transparent reporting on our
performance.”
Learn more about AZEK’s ESG journey here.
About The AZEK® Company
The AZEK Company Inc. (NYSE: AZEK) is the industry-leading
designer and manufacturer of beautiful, low maintenance and
environmentally sustainable outdoor living products, including
TimberTech® decking, Versatex® and AZEK® Trim, and StruXure™
pergolas. Consistently recognized as the market leader in
innovation, quality and aesthetics, products across AZEK’s
portfolio are made from up to approximately 90% recycled material
and primarily replace wood on the outside of homes, providing a
long-lasting, eco-friendly, and stylish solution to consumers.
Leveraging the talents of its approximately 2,000 employees and the
strength of relationships across its value chain, The AZEK Company
is committed to accelerating the use of recycled material in the
manufacturing of its innovative products, keeping millions of
pounds of waste out of landfills each year, and revolutionizing the
industry to create a more sustainable future. Headquartered in
Chicago, Illinois, the company operates manufacturing facilities in
Ohio, Pennsylvania, Georgia, Nevada and Minnesota, and announced a
new facility will open in Boise, Idaho. For additional information,
please visit azekco.com.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This release contains or refers to certain forward-looking
statements within the meaning of the federal securities laws and
subject to the "safe harbor" protections thereunder.
Forward-looking statements are statements about future events and
are based on our current expectations. These forward-looking
statements may be identified by the words “believe,” “hope,”
"expect," "intend," "will," "target," “anticipate,” "goal" and
similar expressions. Our forward-looking statements include,
without limitation, statements with respect to our ability to meet
the future targets and goals we establish, including our
environmental, social and governance goals, and the ultimate impact
of our actions on our business as well as the expected benefits to
the environment, our employees, the communities in which we do
business or otherwise. The Company bases its forward-looking
statements on information available to it on the date of this
release, and undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of changed
circumstances, new information, future events or otherwise, except
as may otherwise be required by law. Actual future events could
also differ materially due to numerous factors that involve
substantial known and unknown risks and uncertainties including,
among other things, the risks and uncertainties set forth under
"Risk Factors" and elsewhere in the Company's reports on Form 10-K
and Form 10-Q and the other risks and uncertainties discussed in
any subsequent reports that the Company files with the Securities
and Exchange Commission from time to time. Although we have
attempted to identify those material factors that could cause
actual results or events to differ from those described in such
forward-looking statements, there may be other factors that could
cause actual results or events to differ from those anticipated,
estimated or intended. Given these uncertainties, investors are
cautioned not to place undue reliance on our forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20220630005536/en/
Investor Relations Contact: Amanda Cimaglia 312-809-1093
ir@azekco.com
Media Contact: Rachel Mihulka 402-980-9603
AZEKquestions@zenogroup.com
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