Trex Releases 2023 Sustainability Report

Trex Headquarters

Employee innovation and commitment drive progress across spectrum of sustainability initiatives

WINCHESTER, VA., (June 27, 2024) — Trex Company, Inc. (NYSE:TREX), the world’s largest manufacturer of high-performance, low-maintenance composite decking and railing, and a leading brand of outdoor living products, today published its 2023 Sustainability Report, “Seeing More Value in Sustainability.”

Trex 2023 financials demonstrated the strength of the Trex brand, the resilience of its consumer base, and the relevance of its products, underpinned by a 30+ year commitment to sustainability based on materials circularity.

“The enduring appeal of Trex products lies in their quality, longevity, innovation and sustainability, which have been fundamental to the Trex brand since our founding,” said Bryan Fairbanks, President and CEO. “We are proud of the accomplishments noted in our most recent report and, because sustainability is in our DNA, Trex will continue to use the earth’s resources wisely through recycling as we grow our business in the years to come.”

Seeing More Value in Sustainability

The company’s 2023 Sustainability Report charts progress across the broad spectrum of company activities. Key points include:

Commitment to circularity. In 2023, Trex sourced more than 320 million pounds of waste polyethylene (PE) film and is proactively exploring new ways to use materials that are more challenging to recycle. Over its lifetime, the company has diverted and recycled more than 5 billion pounds of waste PE film, making Trex one of the largest recyclers of PE film bags, wraps and packaging in North America.

  • Innovative products. A pipeline of new Trex products is being engineered to set new standards of longevity, durability and aesthetic appeal. Trex decking — warrantied for 25-50 years, depending on the product — lasts over twice as long as today’s wood decking, meaning that for every Trex deck board used, the environmental impact from the production of two equivalent virgin wood deck boards is avoided.
  • Uncompromising on safety. Trex reduced its lost-time incident rate by 29% compared to 2022. The 2023 rate is less than a third of the industry average, reflecting a comprehensive program of training and awareness raising.
  • Creating opportunities for employees. Trex enhanced its employer value proposition, expanding its training and educational opportunities. The success of the company’s human capital programs was reflected in improved employee survey results and a reduction in voluntary turnover. Further, Trex saw advances in diversity at both the Board level and overall employment level in 2023.
  • Efficiency in manufacturing. Trex relentlessly pursues efficiency in its manufacturing operations to make the most from every pound of raw materials. Nearly 100% of production scrap is recycled back into the process, and the company is piloting the recovery of construction and demolition scrap.
  • Engaging communities. The NexTrex® community recycling programs enlisted more than 2,500 schools and civic organizations to raise awareness of recycling opportunities and diverted over 1.8 million pounds of plastic film from landfills in 2023.
  • External recognition. In 2023, Trex received the Lowe’s Sustainability Vendor Partner of the Year award. In addition, the company was included in Newsweek’s America’s Most Responsible Companies list and the 100 Best ESG Companies list by Investor’s Business Daily.

“Everything Trex achieves relies on the commitment and talent of our employees, and I would like to thank our entire team for making 2023 as successful as it was,” Fairbanks said. “Trex is a model of a modern sustainable business fit for the future. I am extremely proud of how we have scaled our operations to achieve our success by finding value in sustainability.”

Learn more in the full 2023 Trex Sustainability Report. To locate information or find the latest on the Company’s work, contact [email protected].

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