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Trex Company, Inc. published its 2022 Environmental, Social and Governance (ESG) report, concluding that Trex simultaneously advanced its long-range growth strategy and sustainability initiatives while creating value for its customers.
“2022 was a dynamic year in which we effectively navigated challenging market conditions. While we were faced with these challenges, we upheld our commitment to long-term growth and sustainability, thanks to the dedication of our team and the quality of our products,” said Bryan Fairbanks, president and CEO. “Our focus on accelerating the consumer shift to Trex’s 95% reclaimed and recycled product from wood decking has solidified our leadership position in the outdoor living category. Our success is not only driven by the quality and durability of our products, but also by their sustainability credentials.”
The company’s 2022 ESG report highlights how Trex continues to integrate sustainable thinking across all areas of the business advancing its most material ESG priorities. Highlights include:
- Earning industrywide ESG recognition.The company received several honors, including being named America’s Most Trusted Outdoor Decking Brand in a nationwide survey by Lifestory Research for the third straight year, and the 2023 Sustainable Brand Leader award in the decking category—for the 13th straight year—from Green Builder Media.
- Focusing on circularity and energy efficiency. In 2022, the company upcycled nearly 340 million lbs. of waste polyethylene (PE) film, retaining its position as one of the largest recyclers of PE film bags, wraps and packaging in North America. In total, Trex has diverted and recycled more than 5 billion lbs. of recycled PE film since its founding. The company is working to reduce its energy use and climate impact and is positioned to make further progress in developing a strategy for reducing GHG emissions.
- Prioritizing employee safety and career growth. Driven by its proactive focus on improving health and safety, Trex achieveda 50% decrease in its lost-time incident rate (LTIR) compared with 2021. The company also continued to invest in employee learning and development, expanding the portfolio of education for leadership, team building, occupational safety and other topics. In addition, Trex refreshed its onboarding process to provide more support for new hires on core values, workplace safety and business approach.
- Fostering diversity in leadership.Trex continued its efforts to foster diversity and inclusion with a particular focus on management positions. In 2022, the company’s proportion of women and ethnically diverse employees in management increased to 30% and 12%, respectively. Women also held three of nine positions on the board of directors in 2022.
- Resolute on governance and ethics. The company continued to emphasize to employees at all levels the imperative of working with integrity without exception and ensuring business activities align with Trex values. Trex governance processes ensure oversight of ESG and sustainability priorities at the Board level and among senior leadership.
- Supporting communities where we operate. Trex supported a broad array of charitable organizations through donations and volunteering in 2022. The company and its employees contributed more than $300,000 to the United Way and other community-based organizations. The company’s NexTrexcommunity recycling programs enlisted more than 3,300 schools and civic organizations to help divert nearly 2 million lbs. of plastic film from landfills in 2022.
“I am sincerely grateful to our employees and partners who have enthusiastically contributed to ensuring that Trex’s success is founded on sustainable principles,” Fairbanks said. “Trex was founded on sustainable principles and continues to make sustainability a priority. We are committed to finding new ways to improve our ESG performance in the years to come.”