1532

Quanex's Corporate Responsibility

In accordance with our CREED, we strive to make a positive impact on the world and to be a responsible corporate citizen everywhere we operate. Our research and development teams are continuously on the hunt for innovative products and practices, and we continually work toward potential improvements in all aspects of our business.

Diversity, Equity, and Inclusion

We are committed to diversity and have a good representation at the company’s headquarters in Houston. As of October 31, 2021, our fiscal year end, the below demographics represent the diversity of the employee population in the Houston office.

DEI Charts

As we committed last year, we have compared our workforce demographics to the industries and local markets in which we operate. With regard to gender diversity, our U.S. workforce is 32% female, which exceeds the industry female representation of 25% (per data from the Bureau of Labor Statistics in Durable Goods Manufacturing). When considering racial and ethnic diversity, 66% of our U.S. facilities are at least as diverse as the census data for the counties where they are located.

When considering gender diversity among our leaders, a total of 23% of employees at the supervisor level or above are female as of October 31, 2021, up from 21% measured earlier in 2021. Of the leaders hired in 2021, 35% were female and we saw an increase in the representation of females at the supervisor, manager, and director levels from 2020 to 2021. Eight percent of our leaders self-identify as a minority race or ethnicity as of October 31, 2021, which is up from 5.5% in 2020. In this aspect of diversity, we are also improving with our recruitment efforts, with racial and ethnic minorities making up 18% of newly hired leaders in 2021.

We also introduced Unconscious Bias training to all exempt-level staff members in 2021 and are evaluating additional diversity, equity, and inclusion training options. In the coming year, we will implement standards for the makeup of leadership candidate slates when filling open positions. In addition, we will be launching a Diversity, Equity, and Inclusion Council to ensure employee involvement in our DE&I efforts.

→ Learn about Quanex's Board of Directors