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

Rhea-AI Summary

AZEK (NYSE: AZEK) named to USA Today's list of America's Climate Leaders for reducing greenhouse gas emissions by 15% from 2019 to 2021. TimberTech decking collection also recognized for sustainability attributes, including being made from 60% recycled content.

Positive

• AZEK's recognition as a climate leader reflects its commitment to sustainability and environmental responsibility.
• Reduction in greenhouse gas emissions by approximately 15% from 2019 to 2021 demonstrates AZEK's progress in environmental impact reduction.
• TimberTech decking's sustainability attributes, including being made from approximately 60% recycled content, recyclability, and lower life cycle carbon footprint, position it as a leader in the building products industry.

Negative

• None.

CHICAGO--(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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230720330934/en/

Amanda Cimaglia

312-809-1093

media@azekco.com

Source: The AZEK Company Inc.

FAQ

What recognition did AZEK receive from USA Today?

AZEK was named to USA Today's list of America's Climate Leaders for reducing greenhouse gas emissions by 15% from 2019 to 2021.

What sustainability attributes led to the recognition of TimberTech decking?

TimberTech decking was recognized for sustainability attributes, including being made from approximately 60% recycled content, recyclability, and lower life cycle carbon footprint.

What was the reduction in greenhouse gas emissions by AZEK from 2019 to 2021?

AZEK reduced greenhouse gas emissions intensity by approximately 15% from 2019 to 2021.

What is the significance of AZEK's recognition as a climate leader?

AZEK's recognition as a climate leader reflects its commitment to sustainability and environmental responsibility.

What makes TimberTech decking a leader in the building products industry?

TimberTech decking's sustainability attributes, including being made from approximately 60% recycled content, recyclability, and lower life cycle carbon footprint, position it as a leader in the building products industry.