Pretty much. I also heard that Nicolas Muller was working on creating products with Burton that are either directly recyclable into new products, or straight up decomposable, with the end result having little to no waste.
And at the risk of sounding like a hippy- the problem with the current consumer market (including the ski industry) is that there needs to be huge growth every year, creating an endless demand for new products and waste...we need to find a good solution for a shift into a plateaued market/economy where everybody can all still make a living, but with less impact on our environment.