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COMPLETE 2019 Trex ESG REPORT
Our 2019 ESG Report is available in dynamic PDF format, enhanced with quick links throughout the report for easy navigation and access to supporting materials.
OUR PEOPLE
We believe one of our greatest competitive advantages is our people, who, much like our products, are high-performing, unyielding and innovative. Knowing this, we foster the development and engagement of our employees in many ways.
How we develop, support and protect our team is mission critical to our success and position as a market leader. We offer competitive benefits in the form of health care wellness programs, a generous 401(k) match, an employee stock purchase program and bonus/incentive compensation for eligible employees. These incentives and benefits encourage employee retention with favorable results.
WORKFORCE DIVERSITY AND INCLUSION
Our workforce reflects the diversity of the communities where we operate. We focus on attracting and hiring the best possible talent by offering attractive compensation and benefits, a welcoming environment and a rewarding work experience.
The Company is an equal opportunities employer. We make decisions about recruitment, promotion, training and other employment issues solely on the grounds of individual ability, achievement, expertise and conduct. We don’t discriminate on the basis of gender, gender identity, race, color, religion, ethnicity, cultural heritage, age, social background, mental or physical ability or disability, national origin, sexual orientation or any other reason not related to job performance or prohibited by applicable law.
WOMEN IN MANAGEMENT
22%
of our managers are female
TRAINING AND DEVELOPMENT
NEW ONBOARDING SUCCESS
As part of our continuous improvement of processes, we recently focused on our onboarding program where improvements resulted in an increased retention rate. An increase of over 25% in retention in hourly workers signals higher levels of workforce satisfaction and engagement, and the ability to align staff with knowledge and skills needed.
Leadership development training programs prepare Trex employees to lead as managers. Trex team members received over 1,600 person hours of training in 2019.
English classes for ESL (English as Second Language) employees.
Tuition reimbursement for associate’s, bachelor’s and master’s degrees. Reimbursed 100% of tuition fees and books each year for continuing education courses.
Trex University, our state-of-the-art training facility located near our Virginia manufacturing plant, is designed to educate and train retailers, contractors and other partners on the benefits of Trex’s aesthetically pleasing, high-performance and low-maintenance outdoor living products.
CULTIVATING FUTURE TREX EMPLOYEE CANDIDATES
Annual engineering internship program.
Maintenance technician trainee development programs in partnership with local community college to develop internal talent.
EMPLOYEE WELLNESS PROGRAM
Our wellness program encourages employees to be proactive about their health and engage in annual check-ups.
HEALTH SCREENINGS
Trex holds yearly biometric screenings so employees can keep track of their vital stats and red flags (e.g., cholesterol, triglycerides, etc.). Follow-ups with physicians are encouraged.
HEALTH CHALLENGES
Employees are encouraged to participate in different initiatives or health “challenges” to promote healthy behaviors like more movement, packing a healthier lunch, eating more fruits and vegetables and drinking more water. The activities put basic building blocks of health front-and-center for employees.
ANNUAL EMPLOYEE ENGAGEMENT SURVEYS
The results of our annual employee engagement surveys are shared with all department leaders and concrete actions are taken to cultivate our identified strengths and help close identified gaps.
A MAJORITY OF SURVEY RESPONDENTS BELIEVE TREX:
- Will be successful in the future
- Produces high-quality products
- Is customer-focused
- Has a performance-focused culture and high level of collaboration within teams
ENGAGEMENT SURVEY RESULTS CONFIRM THAT EMPLOYEES ARE:
- Provided a strong understanding of how their jobs relate to the organization’s overall strategic priorities and goals
- Committed to the Company’s long-term strategy
- Provided competitive benefits in the form of health care, wellness programs, a generous 401(k) match, and an employee stock purchase program
In order to provide a more robust dialogue between management and employees, determine areas of interest and foster cross-functional collaboration, we have instituted listening tours and roundtable meetings with our CEO and groups of employees across the Company.
Additionally, we expanded our internal communication channels with a focus on open exchanges of information and feedback across all levels of the organization, and established a more predictable and routine cadence to our communications.
In 2019, we launched our “Trex Residential Products President’s Award for Teamwork” to annually recognize high-performing teams who exemplify the cross-functional collaboration that drives our business today and into the future.
FAIR AND ETHICAL PAY
Our employees are our most important asset and we strive to compensate our team fairly.
Trex median employee annual compensation
including all full-time, part-time and seasonal workers not including our CEO:
2018 national median annual household income:
CEO to employee pay ratio
40.6 : 1.0
National average*
278 : 1.0
*Source : Economic Policy Institute
DESIGN FOR SAFETY PROGRAM
Trex leadership is responsible for keeping safety at the forefront of business planning and execution by continuously improving operational discipline and safety culture. The Board of Directors has overall responsibility for ensuring management sustains a compliant and safe work environment. Our CEO is responsible for ensuring that the presidents and leaders of our residential and commercial operations properly and effectively manage employee health and safety. Management and employees are responsible for continuously improving our operational discipline and safety culture.
Our Design for Safety Program makes sure safety is a consideration from the beginning and not something that is retrofitted into our operations after an incident occurs. Even with a significant increase in production across all facilities in 2019, we improved on or maintained our safety performance during the same period. Trex indicators are significantly lower than the industry average of the Bureau of Labor & Statistics and our lost time incident rate (LTIR) performance has earned the company safety awards.
PROGRAM FEATURES:
- Managers review and build safety into every project from conception through completion.
- Our Plant Safety Committee is required to successfully complete an Occupational Safety and Health Training course sanctioned and accredited by the U.S. Department of Labor/Occupational Safety and Health Administration.
- We apply industry best practices for monitoring and reporting incidents and for implementing safety systems similar to OHSAS 18001. Employee Health and Safety Managers are Certified Occupational Safety Specialists and Certified Occupational Safety Managers.
- Trex maintains membership in the Voluntary Protection Program Participants Association, the National Safety Council, and the National Fire Protection Association.
Go here for our Occupational Health & Safety Policy.
SHARING AND CARING IN OUR LOCAL COMMUNITIES
Our Community Engagement Committee identifies needs within our communities to focus our charitable giving initiatives, and employees also suggest charitable causes for Committee consideration.
RECORD BREAKING 2019 UNITED WAY CAMPAIGN
Our 2019 United Way campaign marks 11 years as the most successful employee-led campaign, based on dollars raised, in support of the United Way of the Northern Shenandoah Valley. Our local United Way supports residents of four counties in Virginia and the City of Winchester. Trex’s campaign is the largest contributor with $211,000 in donations from employees and a company match, all of which was 6% more than our record-setting 2018 campaign. During the last six years alone, Trex and its employees have contributed over $1 million in support of programs that help area residents.
TREX BEGINS PARTNERSHIP WITH YELLOW RIBBON FUND
In 2019, we announced a partnership with the Yellow Ribbon Fund, which helps veterans and wounded servicemen and servicewomen and their families. Trex will donate $180,000 between 2020 and 2022 to support our country’s wounded servicemen and servicewomen and their families in the communities where we live and work.
We will also match employee contributions, dollar-for-dollar, during this period.
CITY OF WINCHESTER AND THE MUSEUM OF THE SHENANDOAH VALLEY
Trex is supporting the creation of a new art park with more than three miles of beautiful trails that will open 90 acres of Winchester landscape to the community for the first time. Trex has provided a total donation value of $140,000 in products, including seven miles of decking and fascia. It is scheduled to be completed in November 2020.
COMMUNITY ENERGY SHARING
Trex participates in the EnerNoc on-demand energy load sharing program on an ongoing basis. This community energy management program allows the local grid to request that Trex reduce its energy use to better supply the local community in times of need.