Environmental, Social & Governance

ESG

Governance Committee

Through its Nominating & Corporate Governance Committee, the Quanex Board of Directors has the ultimate oversight of our ESG program. At each of its regular meetings, the Governance Committee receives an update on ESG activities from the Company’s General Counsel. The Governance Committee is responsible for approval and oversight of the company’s overall ESG strategy.

President & CEO

Our President & CEO is responsible for advancement of the company’s ESG strategy. The President & CEO is kept updated on ESG activities through the company’s ESG Strategy Committee.

ESG Strategy Committee

The Quanex ESG Strategy Committee comprises leaders of our manufacturing divisions, Vice President of International Sales, Chief Human Resources Officer, and our General Counsel, who chairs the committee.

Director of ESG

The Director of ESG is responsible for ensuring that the ESG strategy is developed appropriately and effectively in each of our divisions. The ESG Director leads the quarterly ESG committee meetings and is also a member of the company’s Diversity, Equity, and Inclusion (DE&I) Council. Additional responsibilities include the day-to-day tactical work required to build and enact systems that will help us meet our ESG goals such as implementing and managing systems that will capture and report on greenhouse gas emissions, hazardous waste management, electricity and water usage, and various other metrics that feed into our sustainability disclosures. This position also interacts extensively with industry peers and benchmarks sustainability activities through various business groups focused on ESG management.

Divisional Sustainability Committees

These divisional committees comprise various manufacturing professionals from each of the Quanex divisions. The Committees are chaired by senior management leaders who represent various professional disciplines and are responsible for carrying out the ESG strategy at the division level and reporting on progress. The Committee chairpersons meet each quarter to share plans and progress as it relates to Quanex’s broader ESG strategy.