- The AZEK Company (AZEK, Financial) has received validation of its GHG reduction targets from the Science Based Targets initiative.
- AZEK aims to reduce absolute scope 1 and 2 GHG emissions by 42% by FY2030 from a FY2021 base year.
- The company's scope 3 GHG emissions are targeted to be reduced by 63.8% per pound of raw material procured by FY2034.
The AZEK Company Inc. (AZEK), recognized as a leader in manufacturing sustainable outdoor living products, announced that its near-term greenhouse gas (GHG) emission reduction targets have been validated by the Science Based Targets initiative (SBTi). This significant validation underscores the company's commitment to sustainability and aligns with its goal to limit global warming to 1.5 degrees Celsius.
AZEK's validated targets include a 42% reduction in absolute scope 1 and 2 GHG emissions by fiscal year 2030, from a fiscal year 2021 base year. Additionally, the company aims to cut scope 3 emissions from purchased goods and services by 63.8% per pound of raw material procured by fiscal year 2034, also from a fiscal year 2021 base year.
Amanda Cimaglia, Vice President of Corporate Affairs at AZEK, emphasized that the SBTi's approval is a transformative step in their mission to achieve a sustainable future through innovation. By increasing the use of recycled materials in its product suite, AZEK anticipates a substantial reduction in emissions while maintaining growth and innovation.
The Science Based Targets initiative is a global body that has supported over 7,600 companies in setting science-based emissions targets. AZEK's commitment to sustainability is evident in its FULL-CIRCLE strategy, which includes promoting circularity and developing durable, eco-friendly products.
