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    The AZEK Company Achieves Validation of GHG Reduction Targets by the Science Based Targets initiative

    5/1/25 7:30:00 AM ET
    $AZEK
    Plastic Products
    Industrials
    Get the next $AZEK alert in real time by email

    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 the Science Based Targets initiative (SBTi) has validated AZEK's near-term science-based targets for reducing greenhouse gas (GHG) emissions. This validation marks a significant milestone in AZEK's ongoing efforts to advance sustainability, circularity and climate action in line with a trajectory to limit global warming to 1.5 degrees Celsius.

    AZEK's validated targets are:

    • To reduce absolute scope 1 and 2 GHG emissions 42% by FY2030 from a FY2021 base year.
    • To reduce scope 3 GHG emissions from purchased goods and services 63.8% per pound of raw material procured by FY2034 from a FY2021 base year.

    "At AZEK, we believe that innovation and sustainability go hand-in-hand—and the SBTi's approval of our near-term GHG reduction targets is a major milestone in our journey to create a more sustainable future," said Amanda Cimaglia, Vice President – Corporate Affairs of The AZEK Company. "This achievement is consistent with our core value of always doing the right thing and reflects our commitment to positively impacting products, people and the planet. As we look ahead, we believe continuing to accelerate the use of recycled materials across our product portfolio represents the greatest opportunity to meaningfully reduce our emissions while continuing to drive innovation and growth."

    The SBTi is a global organization that has enabled over 7,600 companies worldwide to set science-based targets in line with the latest climate science. AZEK's validation marks another significant step in the Company's FULL-CIRCLE sustainability strategy, which includes increasing the use of recycled materials, reducing operational emissions, developing durable, sustainable outdoor living products, and promoting circularity across its value chain.

    To learn more about AZEK's sustainability initiatives, please visit azekco.com.

    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 awarded and recognized as the market leader in innovation, quality, aesthetics and sustainability, our products are made from up to 85% 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 hundreds of millions of pounds of waste and scrap out of landfills each year, and revolutionizing the industry to create a more sustainable future. The AZEK Company has recently been named one of America's Most Responsible Companies by Newsweek, a Top Workplace by the Chicago Tribune and U.S. News and World Report, one of Barron's 100 Most Sustainable U.S. Companies, one of TIME's World's Best Companies in Sustainable Growth for 2025, and celebrated in Fast Company's 2024 Brands That Matter list, where TimberTech was highlighted as a benchmark brand. Headquartered in Chicago, Illinois, the company operates manufacturing and recycling facilities in Ohio, Pennsylvania, Idaho, Georgia, Nevada, New Jersey, Michigan, Minnesota and Texas.

    SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

    This press release contains forward-looking statements within the meaning of applicable securities laws. All statements other than statements of historical facts, including statements regarding future operations, are forward-looking statements. In some cases, forward-looking statements may be identified by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "could," "would," "expect," "objective," "plan," "potential," "seek," "grow," "target," "if," or the negative of these terms and similar expressions. Other forward-looking statements may include, without limitation, statements with respect to our ability to meet the future targets and goals we establish, including our sustainability-related targets and the ultimate impact of our actions on our business as well as the expected benefits to the environment, our employees, and our communities; statements about our future expansion plans, capital investments, capacity targets and other future strategic initiatives; statements about any stock repurchase plans; statements about potential new products and product innovation; statements regarding the potential impact of global events; statements about future pricing for our products or our raw materials and our ability to offset increases to our raw material costs and other inflationary pressures; statements about the markets in which we operate and the economy more generally, including inflation and interest rates, supply and demand balance, growth of our various markets and growth in the use of engineered products as well as our ability to share in such growth; statements about our production levels; and all other statements with respect to our expectations, beliefs, plans, strategies, objectives, prospects, assumptions or future events or performance contained in this press release are forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described in our Annual Reports on Form 10-K and Form 10-K/A, Quarterly Reports on Form 10-Q and in our other filings with the U.S. Securities and Exchange Commission. Moreover, new risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially and adversely from those contained in any forward-looking statements we may make. You should read this press release with the understanding that our actual future results, levels of activity, performance and events and circumstances may be materially different from what we expect and should not place undue reliance on forward-looking statements. These statements are based on information available to us as of the date of this press release. While we believe that such information provides a reasonable basis for these statements, such information may be limited or incomplete. Our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all relevant information. We disclaim any intention and undertake no obligation to update or revise any of our forward-looking statements after the date of this press release, except as required by law.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250501167750/en/

    Media Contact:

    Amanda Cimaglia

    312-809-1093

    [email protected]

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