The AZEK Company: Revolutionizing outdoor living to create a more sustainable future
The investment: In 2013, we invested in The AZEK Company, a leading manufacturer of high-performance, low maintenance and environmentally sustainable outdoor living products. AZEK went public in 2020.
When it comes to people, planet and products, The AZEK Company takes a “full circle” approach: looking at the whole picture when it comes to environmental, social and governance (ESG) matters, while also bringing things full circle by creating products from up to 100 per cent recycled material.
The company’s stylish, eco-friendly products primarily replace wood on the outside of homes, significantly reducing the need to harvest trees for lumber. Since 2001, homeowners who chose AZEK’s TimberTech® decking instead of wood helped save more than three million trees since 2001.
In 2020, AZEK diverted roughly 400 million pounds of waste and scrap from landfills–up from approximately 290 million pounds in 2019–and approximately 99 per cent of the internal scrap generates at its Wilmington, OH and Scranton, PA facilities (NTD: not at all locations) is reused.
And that’s just the start – AZEK has an ambitious goal to use one billion pounds of recycled materials annually by the end of 2026. A true innovator in outdoor living products, AZEK goes against the grain to create a more sustainable future.