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The report demonstrates AZEK’s commitment to creating a more sustainable future through its innovative product solutions, recycling initiatives, and dedication to social responsibility
The AZEK Company Inc., the industry-leading manufacturer of low-maintenance and environmentally sustainable outdoor living products, including TimberTech decking and railing, Versatex and AZEK Trim, and StruXure pergolas, has published its 2023 FULL-CIRCLE Report. The report details the company’s environmental sustainability, social impact and corporate governance initiatives aligned with its business and brand to foster a more sustainable and circular future.
The report also highlights AZEK’s progress and aspirations across its three FULL-CIRCLE pillars: Products, People and Planet. Through its FULL-CIRCLE initiative, AZEK aims to integrate one billion lbs. of recycled waste and scrap material annually into its manufacturing processes, create positive and sustainable impact for its employees, customers and communities, and reduce its carbon footprint across its value chain.
“We are proud to share our 2023 FULL-CIRCLE Report, a reflection of our unwavering commitment to sustainability, innovation and the core values that drive every aspect of our business,” said Jesse Singh, president and CEO of The AZEK Company. “Our dedication to reducing our environmental impact, engaging and inspiring stakeholders across our value chain and demonstrating sustainable, responsible business growth has never been stronger. We continue to make significant strides in advancing both our business and sustainability goals and enhancing our performance. We have also enhanced our product portfolio to offer more resilient and sustainable solutions for our customers, such as our TimberTech Advanced PVC decking with top-rated fire resistance and our AZEK Exteriors products with increased recycled content. We are excited about the opportunities ahead as we continue to pursue our vision of revolutionizing outdoor living to create a more sustainable future.”
Highlights and achievements from AZEK’s 2023 FULL-CIRCLE Report include:
- Repurposed approximately 420 million lbs. of waste and scrap into the manufacturing of AZEK products, bringing the total amount used since fiscal 2019 to 2.1 billion lbs.
- Achieved 44% reduction in total carbon intensity (tCO2e per $1 million net sales) between fiscal 2019 and fiscal 2023, driven primarily by the increased use of recycled waste and scrap material and emissions-free energy sources
- TimberTech decking has a lower lifecycle carbon impact versus traditional wood decking, including pine and Brazilian tropical ipe, based upon the results of our life cycle assessment studies
- Expanded AZEK’s FULL-CIRCLE PVC 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
- Responded to the CDP Climate Change Questionnaire for the first time
- Increased our employee engagement score to 79 in 2023 from 74 in 2021 (out of a possible score of 100), maintaining the top quartile of company engagement scores
- Achieved a 27% improvement in safety performance year over year
- Launched three new Employee Resource Groups (ERGs) to foster a culture of inclusion and belonging: African Americans@AZEK, Pride@AZEK and Mindful Living@AZEK
- Achieved zero waste to landfill certification for the TimberTech Championship, a PGA TOUR Champions event, for the third consecutive year
“Our ongoing efforts to innovate with purpose and engage thoughtfully with our stakeholders are essential to accelerating our impact as a team and as a company,” said Amanda Cimaglia, VP of Corporate Affairs. “This report not only showcases our progress but also outlines our future ambitions. As we always strive to lead with purpose and integrity, we remain steadfast in our commitment to our core value of always doing the right thing.”
For more information, visit investors.azekco.com/overview/default.aspx.
