The AZEK Company Inc.
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Waste Generated:500 million pounds/year
ESG Focus Areas
- Recycling
- Sustainable Materials
- Innovation
- Culture
Environmental Achievements
- Diverted approximately 500 million pounds of waste and scrap in fiscal 2022, halfway to the Company’s goal to recycle one billion pounds of waste and scrap annually by the end of 2026
- Utilized approximately 56% of recycled inputs in extruded products
- Increased Advanced PVC decking technology to 60% recycled content
Social Achievements
- Continued recognition for innovation and culture – HBSDealer Golden Hammer Award and Architizer A+Product Award
- Received CohnReznick’s Inaugural Gamechangers in ESG award
Governance Achievements
- Announced first share repurchase authorization and returned $81 million to shareholders during the year
Climate Goals & Targets
Environmental Challenges
- Persistently higher costs
- Dynamic and complex economic environment
- Channel inventory recalibration
- Potential for a slowdown in markets in 2023
Mitigation Strategies
- Executing against strategy to deliver margin expansion
- Reducing inventory in the channel
- Cost reduction programs
- New manufacturing facility in Boise to moderate elevated capital investments
- Share repurchases while maintaining a conservative balance sheet and capital structure
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- TimberTech® Invite CollectionTM outdoor furniture
- Cabana X ® by StruXure Outdoor ® cabana
Awards & Recognition
- HBSDealer Golden Hammer Award
- Architizer A+Product Award
- CohnReznick’s Inaugural Gamechangers in ESG award
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental Sustainability
- Product Sustainability
Environmental Achievements
- All TimberTech Decking products contain a significant amount of recycled content
- Contribution to construction waste management plan requirements using AZEK's FULL-CIRCLE PVC Recycling™ Program
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: LEED
Certifications: Greenguard Gold
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed