A COMMITMENT TO OUR STAKEHOLDERS
For decades, Quanex has been an industry leader in the development and production of energy-saving components for residential and commercial windows and doors.
We continually work with our customers to develop more energy-efficient products and meet the increasingly high demand for products that save energy and minimize environmental impact. To achieve these goals, we continually seek out actions that will reduce greenhouse gases both in our manufacturing process and at the end use.
We also understand that customers choose suppliers who take appropriate action to protect the health, safety, and human rights of their employees and others, and who affirm the importance of maintaining sustainable and environmentally friendly practices. Quanex not only affirms its own commitment to being an ethical supplier, but also requires its suppliers to make such commitments through its Code of Supplier Conduct.
During fiscal 2022, we made great strides toward our goal of building an active and effective Environmental, Social, and Governance (ESG) program. Our Sustainability Committees met on a quarterly basis and we implemented processes and programs that have allowed us to more effectively track several ESG related metrics, including GHG emissions, electricity and water usage, total waste tonnage, and hazardous waste generation.
We completed a thorough materiality mapping process that has allowed us to better focus our efforts and begin setting improvement goals in the areas that are truly meaningful to Quanex and our stakeholders. In addition, we have established a new Diversity, Equity, and Inclusion (DE&I) council led by Kim Garcia, Vice President/Chief Human Resources Officer. The DE&I council comprises eighteen volunteer employees from multiple locations and disciplines and will help us to meet the commitment we have made to our employees to ensure a welcoming, inclusive, and equitable culture.
This report provides an overview of the policies, objectives, performance, and activities undertaken during fiscal year 2022 with respect to our stakeholders. Quanex and its Board or Directors recognize the importance of corporate social responsibility, and we strive every day to ensure that we exceed the expectations of all our stakeholders.