Composite Decking Leader Honored by Lowe’s,
Newsweek and Investor’s Business Daily
Trex Company [NYSE:TREX], the world’s largest manufacturer of
wood-alternative composite decking and railing, and a leader in
high-performance, low-maintenance outdoor living products, recently
earned three high-profile accolades for its ongoing commitment to
sustainability. Lowe’s honored Trex with its 2023 Sustainability
Award, the company earned recognition as one of the 100 Best
ESG Companies for 2023 by Investor’s Business Daily and,
yesterday, Trex was ranked by Newsweek magazine as one of
America’s Most Responsible Companies.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20231207430838/en/
Trex company (Photo: Business Wire)
Lowe’s Sustainability Vendor Partner of
the Year
In conjunction with America Recycles Day on November 15, Trex
was presented with Lowe’s Sustainability Award at the home
improvement retailer’s 2023 Vendor Partners of the Year
celebration. Trex was recognized for its commitment to
manufacturing sustainably made, wood-alternative decking, using 95%
recycled and reclaimed materials.
One of the largest recyclers of plastic film in North America,
Trex has diverted more than five billion pounds of discarded
polyethylene plastic from landfills and waterways over the past 30+
years. Lowe’s joined the company’s NexTrex® Recycling Program in
2022, collecting film scrap at its distribution centers across the
country to be used in Trex’s manufacturing process, and already has
contributed more than one million pounds of recycled plastic to be
upcycled into beautiful, sustainable Trex decking.
“We are proud to offer a destination and second life for our
country’s growing supply of plastic waste,” said Leslie Adkins,
vice president of marketing and ESG development for Trex Company.
“Through our NexTrex program and with the help of eco-minded
partners like Lowe’s, we hope to lead by example and inspire others
to become part of the solution.”
America’s Most Responsible Companies
2024
Reinforcing Trex’s position as a sustainability leader, the
company earned a spot among America’s Most Responsible Companies
2024. Presented by Newsweek magazine and Statista Inc., the
world-leading statistics portal and industry ranking provider, the
list includes the top 600 most responsible companies in the United
States based on a holistic assessment of corporate responsibility
that considers all three pillars of ESG: Environmental, Social and
Corporate Governance. The top 2,000 public companies by revenue
with headquarters in the U.S. were analyzed based on KPI research
and a public survey of 17,000 U.S. residents who were asked to
select companies familiar to them and then evaluate each company’s
Corporate Social Responsibility performance.
Investor’s Business Daily 100 Best ESG
Companies for 2023
Rounding out a sustainability trifecta, Trex was named one of
the 100 Best ESG Companies for 2023 by Investor’s Business Daily
(IBD). Trex was selected from more than 6,000 global companies
based on its high composite score for ESG sustainability. Scores
were determined by Dow Jones Newswires, an IBD affiliate, using a
combination of publicly available company data and an analysis of
aggregated media coverage on each company. Within the Building
Construction Products category, Trex was one of three companies to
make the list.
“We are truly honored to be ranked among so many highly
respected companies and trusted household brands,” noted Adkins.
“These rankings are especially meaningful because they go beyond
products and financial performance and recognize the true spirit of
our organization. At Trex, being a good corporate citizen is a
mission we pursue every day. Even as our business expands, we
remain focused on creating positive change in the world by
continually innovating to reduce our environmental impact, support
our employees, strengthen our communities and govern our business
with the utmost integrity.”
Additional Accolades
Earlier this year, Trex was named a 2023 Eco Leader by Green
Builder Media, the highest honor awarded by our industry’s leading
voice on sustainable building, and was voted the Sustainable Brand
Leader for the 13th consecutive year by the readers of Green
Builder magazine. Additionally, the company’s Trex Transcend®
Lineage™ decking line was recognized as one of Green Builder
Media’s 2023 Sustainable Products of the Year.
Trex’s newest decking offering, Trex Signature®, also earned
recognition for its beauty, performance and sustainability. Last
month, the luxury collection was honored with a Golden Hammer
Award from Hardware + Building Supply Dealer for exemplifying
the gold standard in home improvement based on innovation, shelf
appeal and overall value. Using a different manufacturing process
than any other Trex decking product, Trex Signature achieves the
most realistic representation of wood to date with subtle graining
and color richness that deliver the natural look of premium
hardwoods. The 2023 Golden Hammer honorees will be featured in the
magazine’s March 2024 issue.
“As a company founded on sustainable principles, environmental
stewardship and corporate responsibility are embedded in the DNA of
Trex, and these honors affirm that our core values are resonating
with customers,” added Adkins. “We’re committed to continuing to
innovate in ways that are gentler on the earth while giving
shoppers high-performance products they can trust for decades to
come.”
To learn more about these award-winning products and Trex’s
commitment to sustainability, visit Trex.com.
About Trex Company, Inc.
For more than 30 years, Trex Company [NYSE: TREX] has invented,
reinvented and defined the composite decking category. Today, the
company is the world’s #1 brand of sustainably made,
wood-alternative decking and deck railing, and a leader in
high-performance, low-maintenance outdoor living products. The
undisputed global leader, Trex boasts the industry’s strongest
distribution network with products sold through more than 6,700
retail outlets across six continents. Through strategic licensing
agreements, the company offers a comprehensive outdoor living
portfolio that includes deck drainage, flashing tapes, LED
lighting, outdoor kitchen components, pergolas, spiral stairs,
fencing, lattice, cornhole and outdoor furniture – all marketed
under the Trex® brand. Based in Winchester, Va., Trex is proud to
have been named 2023 America’s Most Trusted® Decking Brand* and one
of 2022’s 50 Best U.S. Manufacturers by IndustryWeek. For more
information, visit Trex.com. You may also follow Trex on Facebook
(trexcompany), Instagram (trexcompany), X (Trex_Company), LinkedIn
(trex-company), TikTok (trexcompany), Pinterest (trexcompany) and
Houzz (trex-company-inc), or view product and demonstration videos
on the brand’s YouTube channel (TheTrexCo).
*2023 DISCLAIMER: Trex received the highest numerical score in
the proprietary Lifestory Research 2023 America’s Most
Trusted® Outdoor Decking study. Study results are based on
experiences and perceptions of people surveyed. Your experiences
may vary. Visit www.lifestoryresearch.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231207430838/en/
Corinne Racine or Taylor Spanbauer L.C. Williams &
Associates 312/565-3900 cracine@lcwa.com or tspanbauer@lcwa.com
Trex (NYSE:TREX)
Historical Stock Chart
From Aug 2024 to Sep 2024
Trex (NYSE:TREX)
Historical Stock Chart
From Sep 2023 to Sep 2024