The AZEK® Company Publishes 2022 FULL-CIRCLE ESG Report, Demonstrating Commitment to Always Doing the Right Thing and Taking Action to Create a More Sustainable, Circular Future
03 Agosto 2023 - 10:30PM
Business Wire
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 and railing, Versatex® and AZEK® Trim, and
StruXure™ pergolas, today announced that it has published its 2022
FULL-CIRCLE™ Environmental, Social and Governance (ESG) Report. The
report details the Company’s ESG initiatives, key focus areas and
business- and brand-aligned actions to create a more sustainable,
circular future.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230803671596/en/
The AZEK Company 2022 FULL-CIRCLE ESG
Report. (Photo: Business Wire)
“At AZEK, we believe that being a great company is one that
employees want to work for, customers want to buy from and
investors want to invest in,” said AZEK CEO Jesse Singh. “We have
dedicated ourselves to not only building a great company, but a
great company where sustainability is at the core of our business
strategy and our purpose to revolutionize outdoor living to create
a more sustainable future. Through this report, we reflect on both
our business and ESG achievements not only with a sense of pride
and gratitude, but also with the view that this is simply the next
step in our journey of building a great company. We continue to be
excited and energized by the opportunity to drive real and lasting
change with a sustainable, profitable business well positioned for
long-term growth and shared value creation for all our
stakeholders.”
Highlights and achievements from AZEK’s 2022 FULL-CIRCLE ESG
Report include:
- Approximately 500 million pounds of scrap and waste diverted
from landfills and used to manufacture products across AZEK’s
portfolio
- Increased the percentage of recycled content in TimberTech
Advanced PVC decking to approximately 60%—the highest in the PVC
decking market today—and increased the percentage of recycled
content in TimberTech Composite decking to approximately 85%
- TimberTech decking has a lower lifecycle carbon impact versus
traditional wood decking, including pine and Brazilian tropical
Ipe, according to the results of our life cycle assessment
studies
- Achieved 29% reduction in total carbon intensity (tCO2e per $1
million net sales) between fiscal 2019 and fiscal 2022
- Formally committed to set near term science-based emissions
reduction targets through the Science-Based Targets Initiative
- Expanded AZEK’s FULL-CIRCLE Recycling™ program to 1,200+ bins
and totes in circulation across the United States to collect
jobsite PVC scraps and cutoffs as well as post-construction PVC
materials such as end-of-life vinyl siding
- Achieved Zero Waste-to-Landfill certification for the 2022
TimberTech Championship, the only tournament to do so in PGA TOUR
Champions history
- Launched two Employee Resource Groups: Women @ AZEK and
Veterans @ AZEK
- Named one of Chicago’s Top Workplaces by the Chicago Tribune
for the second consecutive year as well as a Gamechanger in ESG by
CohnReznick
- 50% gender and/or racially/ethnically diverse board and 60%
gender and/or racially/ethnically diverse executive team
- ESG included as a component of individual performance under our
2022 management annual incentive plan
“At AZEK, we believe that creating a more sustainable, circular
future is both our responsibility and an opportunity for our
business,” said Amanda Cimaglia, Vice President of ESG and
Corporate Affairs. “As a team and as a company, we are committed to
continuously raising the bar on our FULL-CIRCLE ESG initiatives
through innovation, inspiration, collaboration and most
importantly, action underscored by our core value of always doing
the right thing.”
For more information on AZEK’s FULL-CIRCLE ESG initiatives and
additional details from the latest report, visit our website.
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 financial,
operational, 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.
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 and railing, Versatex® and AZEK Trim® and
StruXure™ pergolas. Consistently recognized as a 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. The AZEK Company has
recently been named one of America’s Climate Leaders by USA Today,
a Top Workplace by the Chicago Tribune and a winner of the 2023
Real Leaders® Impact Awards. Headquartered in Chicago, Illinois,
the company operates manufacturing and recycling facilities in
Ohio, Pennsylvania, Idaho, Georgia, Nevada, New Jersey, Michigan
and Minnesota. For additional information, please visit
azekco.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230803671596/en/
Amanda Cimaglia 312-809-1093 media@azekco.com
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