The AZEK® Company and TimberTech® Recognized for Climate and Environmental Leadership, Named One of America’s 2023 Climate Leaders by USA Today; Wins Environment + Energy Leader 2023 Product of the Year Award for TimberTech Advanced PVC Decking
July 20 2023 - 7:45AM
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 been named to USA
Today’s first-ever list of America’s Climate Leaders, recognizing
the Company’s reduction in greenhouse gas emissions between 2019
and 2021. Additionally, TimberTech by AZEK’s Advanced PVC
wood-alternative decking collection was named a winner of
Environment + Energy Leader’s 2023 Top Product of the Year Awards
in recognition of its sustainability attributes, including being
made from approximately 60% recycled content, recyclability at
end-of-life through AZEK’s FULL-CIRCLE Recycling program and lower
life cycle carbon footprint versus traditional wood decking.
“We are honored to receive such esteemed recognitions from both
USA Today and Environment + Energy Leader, underscoring our
leadership, commitment, action and continued progress on creating a
more sustainable and circular future,” said AZEK CEO Jesse Singh.
“Since 2019, we have used nearly 1.7 billion pounds of otherwise
landfill-bound waste and scrap to manufacture products across our
industry-leading portfolio of outdoor living products. Our focus on
increasing the use of recycled plastic material not only helps
solve a broader societal problem of plastic waste, but also reduces
the lifecycle environmental impacts of our products, lowers our
carbon footprint and reduces our raw material costs. We will
continue to lead by example, act to further reduce our
environmental impacts and revolutionize our industry to create a
better future.”
To determine America’s Climate Leaders, USA Today and Statista
ranked U.S.-based companies on how much progress they made in
reducing Scope 1 and 2 greenhouse gas emission intensity between
2019 and 2021. Emission intensity measures the amount of greenhouse
gases a company produces relative to its revenue, which allows for
comparisons across companies of varying sizes. An original grouping
of 2,000 U.S.-based companies was narrowed to 400 U.S. companies
that cut their emissions intensity from 2019 to 2021. The
data-driven recognition reflects some of AZEK’s recent
accomplishments, which include reducing Scope 1 and 2 emissions
intensity by approximately 15% from 2019 to 2021 and sourcing
carbon-free electricity for most of its manufacturing
operations.
For over a decade, the Environment + Energy Leader Awards have
celebrated excellence in the world of environmental, sustainability
and energy management. Award recipients are acknowledged as
industry leaders, and featuring a Top Project or Top Product of the
Year Award badge signifies their outstanding contributions.
Companies seeking sustainable and energy management solutions trust
that E+E Product of the Year Award winners offer a comprehensive
array of vetted products to guide their decision-making.
The outstanding environmental qualities of TimberTech Advanced
PVC decking resonated with the program's distinguished panel of
judges. One judge remarked, "This product stands out for its
exceptional quality while boasting a lower carbon footprint.
Additionally, it plays a crucial role in repurposing materials that
would otherwise contribute to landfill waste, thereby promoting a
sustainable and environmentally responsible approach." Another
judge added, "The potential for this product to drive a successful
shift away from timber usage while diverting millions of pounds of
waste from landfills is significant." These testimonials affirm the
exceptional impact and excellence of TimberTech decking in driving
both sustainability and circularity in the building products
industry.
Sarah Roberts, Co-President of Environment + Energy Leader,
emphasized the rigorous selection process, stating, "This year’s
entrants had to surpass an exceptionally high bar to qualify for an
award, thanks to a seasoned and discerning judging panel as well as
stringent judging criteria."
To learn more about TimberTech, visit timbertech.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 about potential new products and
product innovation and 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 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 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
a Gamechanger in ESG by CohnReznick, 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/20230720330934/en/
Amanda Cimaglia 312-809-1093 media@azekco.com
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