The AZEK® Company Receives CohnReznick 2022 Gamechangers in ESG Award
October 05 2022 - 4:05PM
Business Wire
The inaugural award celebrates leadership in
driving positive change through strong ESG strategies and
programs
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, is proud to announce it has been named a
winner of the inaugural CohnReznick 2022 Gamechangers in ESG award.
This award celebrates U.S.-based businesses that are driving
positive change for their people, clients and communities through
ESG.
"The AZEK Company is committed to innovating, inspiring,
reinventing, and revolutionizing the outdoor living industry to
create a more sustainable future,” said Jesse Singh, CEO of The
AZEK Company. “What makes us unique is our ability to turn hundreds
of millions of pounds of otherwise landfill-bound scrap and waste
into products that primarily replace wood on the outside of homes
and are sustainably engineered to last beautifully. On behalf of
the entire AZEK team, we are honored to receive this recognition as
an ESG gamechanger.”
This award further highlights AZEK’s ongoing commitment to
making a lasting impact on the world, while fostering a culture
that champions diversity, equity and inclusion, and operating with
integrity and accountability to always do the right thing. A few of
AZEK’s recent ESG accomplishments include:
- Diverted approximately 500 million pounds of scrap and waste
from landfills and used it to manufacture AZEK products in fiscal
year 2021, with the goal of diverting one billion pounds of scrap
and waste per year by the end of 2026.
- Launched AZEK’s FULL-CIRCLE Recycling™ program to collect and
repurpose construction site and post-consumer remodeling scrap into
AZEK products; awarded one of Fast Company’s World Changing Ideas
in 2021.
- Formalized and launched a Diversity, Equity and Inclusion
framework and signed onto the CEO Action for Diversity and
Inclusion initiative.
- Submitted a formal commitment letter to set science-based
emissions reduction targets for validation by Science-Based Targets
Initiative.
“We are delighted that nearly 100 organizations that were
diverse in size and scale applied to our inaugural Gamechangers in
ESG Awards program,” said David Kessler, CohnReznick CEO.
“CohnReznick has been a leader in many industries that have been
championing ESG strategies over many decades. Our goal in launching
this program was to elevate the stories of companies and students
changing the game through their ESG efforts in order to inspire
other organizations in their own ESG journey. Our outstanding group
of 2022 winners exemplify what it means to be an ESG
gamechanger.”
Winners of the award program will be honored during a virtual
awards ceremony this fall in collaboration with Major League
Baseball® through CohnReznick’s league sponsorship.
Learn more about AZEK’s ESG journey here.
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. We base our forward-looking statements on
information available to us on the date of this release, and
undertake 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 our reports on Form 10-K and
Form 10-Q and the other risks and uncertainties discussed in any
subsequent reports that we file 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, 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, Idaho, Georgia, Nevada, New Jersey and
Minnesota. For additional information, please visit azekco.com.
About CohnReznick
As a leading advisory, assurance, and tax firm, CohnReznick
helps forward-thinking organizations achieve their vision by
optimizing performance, maximizing value, and managing risk.
Clients benefit from the right team with the right capabilities;
proven processes customized to their individual needs; and leaders
with vital industry knowledge and relationships. Headquartered in
New York, NY with offices nationwide, the firm serves organizations
around the world through its global subsidiaries and membership in
Nexia International. For more information, visit
www.cohnreznick.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221005005597/en/
Rachel Mihulka 402-980-9603 AZEKquestions@zenogroup.com
AZEK (NYSE:AZEK)
Historical Stock Chart
From Jun 2024 to Jul 2024
AZEK (NYSE:AZEK)
Historical Stock Chart
From Jul 2023 to Jul 2024