QUANEX 2026 MODERN SLAVERY AND HUMAN TRAFFICKING STATEMENT
This statement has been published in accordance with section 54 of the UK Modern Slavery Act 2015, the California Transparency in Supply Chains Act and the Australian Modern Slavery Act 2018. It describes the actions taken by Quanex Building Products Corporation and all relevant subsidiaries[1] (Quanex) during the year ended 31 December 2025 to address the risk of modern slavery and human trafficking in Quanex’s business and supply chain.
Quanex is committed to respecting human rights across our operations and works to ensure that its activities and the activities within Quanex’s wider supply chains do not infringe or encourage abuses of human rights. We have robust checks on working hours, salary, welfare, health and safety, environmental protection, discrimination and harassment.
Our Organisation Structure
Quanex Building Products Corporation is a Delaware (U.S.) corporation with securities listed on the New York Stock Exchange and is subject to reporting and other regulations applicable to U.S. public companies under U.S. securities laws. We are a leading manufacturing company and a trusted partner to industries around the world, headquartered in Houston, Texas. As of 31 December 2025, our business operated more than 67 facilities globally, serving customers in fenestration, cabinetry, solar, refrigeration, and security markets.
Quanex’ global business is divided into three business segments: Hardware Solutions, Extruded Solutions and Custom Solutions. Each business segment is responsible for the risk assessment and management of its supply chain, the contractual terms entered into with suppliers and for ensuring adherence with anti-slavery and human trafficking obligations.
Our Supply Chain
Quanex has an extensive volume of suppliers in its supply chain, providing a wide range of items, from raw materials to component parts and finished products. Quanex’s greatest risk of exposure to modern slavery is through its supply chain. Where possible, we conduct business directly with suppliers and manufacturers to ensure the materials and services we source are ethical from origin.
Our Commitment to Human Rights and Policies
We are committed to ensuring modern slavery does not exist within our business and supply chain. Our two key policy documents to support this commitment are our Code of Business Conduct and Ethics and our Supplier Code of Conduct.
- Code of Business Conduct and Ethics
Our Code of Business Conduct and Ethics details our commitment to acting in an ethical and honest manner.
Our Code of Business Conduct and Ethics encourages all staff to report any concerns relating to non-compliance, either directly to management or through our Alert line on an anonymous basis, without fear of retaliation or discrimination. Our Code of Business Conduct and Ethics has been approved and adopted by the Board of Directors of Quanex Building Products Corporation and is available publicly on the Quanex website.
- Supplier Code of Conduct
We are committed to ensuring modern slavery does not exist within our business and supply chain. To support this commitment, our Supplier Code of Conduct is our key document setting out the standards and expectations of our suppliers in terms of health and safety; respecting the rights of others, ethical and responsible business conduct, protecting the environment and supporting Quanex achieve its sustainability targets.
Our Supplier Code of Conduct outlines the standards we require of our suppliers, including in relation to human rights, ethical and environmental matters. It also sets out our commitment to human rights, our fundamental employment principles and rights for employees (including rights of freedom of association and collective bargaining). In particular, we respect and comply with the International Labour Organisation’s (ILO) core labour standards.
Quanex may require corrective action plans for non-compliance within our supply chains including the suspension or termination of contracts with suppliers. Our Supplier Code of Conduct also informs suppliers of our third-party complaints mechanism, setting out details of how suppliers and other third parties may raise concerns, including if they become aware of, or suspect, a violation of human rights.
We review our Supplier Code of Conduct Policy and its associated procedures on a regular basis, and it is available on the Quanex website.
In relation to the risks associated with our business in China, we have a specific focus on commitments in relation to forced labour, slavery, human trafficking, and child labour.
Supply Chain Audit and Verification
We take a risk-based approach, which helps us to identify and manage potential human rights (including modern slavery), ethical, and environmental risks across our business and supply chain.
We have assessed and identified the risks of modern slavery in our own operations and have adopted various measures to mitigate the risk, for example, by ensuring our employees have clear written contracts and that verification checks are undertaken on new employees. Modern slavery risks are generally low within our own operations.
In relation to our supply chain, Quanex may audit any supplier location that is providing goods or services to Quanex or its subsidiaries in order to verify compliance with the ethical commitments set out in our Supplier Code of Conduct. Quanex screens suppliers identified on a risk-weighted basis. Such screening includes on-site visits or assessments against supplier completed questionnaires. All new suppliers undergo pre-qualification, including human rights risk screening, before onboarding. High-risk suppliers require enhanced due diligence and approval prior to contract award.
Particular attention is given to suppliers based in the Far East through Quanex Sourcing Asia (QSA), which is responsible for managing Quanex’s outsourced manufacturing and supply chain in the Far East.
Quanex, whether directly by its relevant subsidiary or through QSA, where appropriate seeks written declarations from its suppliers to confirm their, and their own supply chain’s, compliance with internationally recognised human rights and labour laws.
Quanex is mindful of its obligations under US Federal laws that prohibit the importation into the USA of any goods produced or manufactured, wholly or in part, in any foreign country, by either convict, forced or indentured labour. Following reports of forced labour in the Xinjiang Uyghur Autonomous Region (XUAR), Quanex does not source products from the XUAR.
In addition to audits and supplier risk assessments, Quanex makes use of contractual terms with suppliers to implement modern slavery and human trafficking commitments.
Supplier selection decisions consider not only cost and quality, but also human rights risk, with avoidance of high-risk sourcing models where mitigation is not feasible.
Supply Chain Management Solution
Quanex continues its engagement of Assent, a leading provider of supply chain sustainability and management solutions, to improve the efficiency of its supplier due diligence processes with respect to compliance including in relation to safety, health and environmental laws compliance and conflict minerals reporting. Quanex also utilises Assent to conduct screening of global suppliers against negative media watchlists and utilises Assent’s modern slavery and human trafficking module to assess these risks in Quanex’s global supply chains.
Quanex is strengthening visibility beyond Tier 1 suppliers, particularly for high-risk materials and outsourced manufacturing, leveraging Assent and targeted supplier disclosures.
Training and Awareness
Our US employees receive periodic training on our Code of Business Conduct and Ethics which, following our acquisition of Tyman Plc is to be rolled out for our staff in other countries in which Quanex operates, with a particular focus amongst others, on personnel responsible for product quality control, supply chain management and supplier evaluation, recruitment of staff and those managing sub-contractors onsite.
Raising Concerns
Everyone at Quanex has a responsibility to be aware of the risk of modern slavery and human rights abuses in our business and supply chain. All employees and those working for, or on behalf of Quanex are encouraged to report any compromises of human or employment rights at work either through contacting a relevant senior manager or via Quanex’s independent whistleblowing service, through which they may voice their concerns anonymously. All cases are treated in the strictest of confidence and are fully investigated. No modern slavery or human trafficking cases were brought to Quanex’s attention through the Quanex whistleblowing service in 2025.
Paul Cornett, Senior Vice President, General Counsel and Company Secretary
On behalf of Quanex Building Products Corporation
9 July 2026
[1] This statement covers the following entities which are required to make a statement under the following laws:
- UK Modern Slavery Act 2015: Liniar Limited, Avantek Machinery Limited, Flamstead Holdings Limited, Era Home Security Limited, Edgetech (UK) Limited, Schlegel Limited, Bilco Trading Limited, Quanex Access Solutions Limited.
- California Transparency in Supply Chains Act (2012): Quanex Building Products Corporation’s US domestic subsidiaries as applicable.
- Australian Modern Slavery Act 2018: Schlegel PTY Limited.