The inaugural award celebrates leadership in driving positive change through strong ESG strategies and programs
CHICAGO, October 05, 2022--(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, 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.
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.
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