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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.
DRIVING CONVERSION TO TREX DECKING FROM WOOD
With our full suite of outdoor living solutions and industry-leading presence in the decking market, Trex remains focused on driving accelerated conversion to our composite decking from the wood decking market. This strategy will result in more polyethylene film being diverted from landfills, allowing us to continue our positive contributions to the environment. Our new Trex Enhance® Basics and Naturals products significantly expand our addressable market, enabling us to meet the needs of our more cost-conscious DIY consumers, while our flagship Trex Transcend product continues to win market share. Our capital expansion program ensures that we will meet increasing demand while our strong operations, engineering and R&D teams continue to drive product innovation, throughput increases and cost saving opportunities for years to come.
COMMUNITY ENGAGEMENT
Trex takes its role as a corporate citizen seriously. An internal committee identifies needs within the communities in which Trex operates to focus charitable giving initiatives, including schools, clinics, museums, and many different programs built to assist those in need.
2019 LIFECYCLE ANALYSIS
Trex completed a benchmark lifecycle analysis (LCA) of its 2019 operations as part of its ongoing commitment to continuous environmental monitoring and impact reduction. The results show that environmental impacts assessed by the current LCA are lower for Trex decking in 2019 than in 2016, which in turn continues to show the environmental impacts for Trex decking are lower than those associated with Alkaline Copper Quaternary (ACQ) pressure-treated lumber used in wood decking, over the 25-year warranted period of a Trex deck. The LCA focused on our 1” X 6” decking, our largest product by volume.
NEXTREX™: CIRCULAR ECONOMY IN ACTION
In 2019, we launched NexTrex, our improved and expanded polyethylene films collection program for retailers and consumers. Our goal is to meaningfully increase the amount of post-consumer polyethylene film bags, wraps, and packaging that can be brought back to stores and added to our recycling program.
The polyethylene film bags, wraps and packaging that we can accept in our recycling programs provides a solution to manufacturers’ polyethylene film waste problems and helps address a serious concern for consumers and society.
BIODIVERSITY
Biodiversity is a fundamental consideration when new buildings are planned. We engage independent consultants to conduct environmental risk analysis and a biodiversity study before purchasing land. Before breaking ground on a new manufacturing building at our Virginia site, we conducted an engineering study, which included a Phase I Environmental Transfer Assessment.
TRANSFORM RECYCLED WOOD FIBER OPTIONS
2019 marked the start of an initiative to transform our recycled wood options. Along with extensive R&D and manufacturing evaluations, testing and trials to ensure alternative materials are equivalent to current supplies, we are working directly with wood source generators and processors on rapid supply chain development.
OCCUPATIONAL HEALTH & SAFETY
The safety of our employees is paramount to ensuring Trex’s success. Trex is an active member of Voluntary Protection Programs Participants’ Association, Inc. (VPPA), the National Safety Council and the National Fire Protection Association.
POSITION FOR GROWTH: CAPITAL EXPANSION
In June 2019, we announced a $200 million multi-year capital expansion program to keep pace with demand for our products and to meet future projected growth related to our strategy of converting consumer demand for wood to Trex Residential Products wood-alternative composite decking. A new decking facility at our Virginia site and installation of additional production lines at our Nevada site will increase production capacity by at least 70% .
ENRICHING GOVERNANCE AND LEADERSHIP
Advanced our leadership succession plan with transition of our President and CEO to Chairman of the Board and our CFO to President and CEO in Q2 2020.
COMMITMENT TO ETHICS
All employees complete ethics training on an annual basis.
Updated key ethics policies such as Vendor and Customer Code of Conduct and Ethics, which includes supply chain assessments, effective date of the policy and sign-off of executive management.
Female directors
COMITTED TO OPERATIONAL EXCELLENCE
Applied Design for Safety policies and procedures at Virginia facilities
Increased manufacturing efficiencies in energy and water
Implemented water conservation policies
Optimized plant level materials movement