Governance Structure

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

Responsibility for climate-related financial risks and opportunities rests with the Chief Executive Officer, supported by the Board of Directors, which discharges more detailed oversight through the Audit and Governance Committee. The Audit Committee reviews climate-related risks within the broader Enterprise Risk Management (ERM) framework, evaluates the Company’s climate-risk disclosures, and receives scheduled updates on sustainability performance, regulatory developments, and progress toward environmental goals.

Quanex’s overall arrangements for managing climate-related risks and opportunities are summarised in the Governance chart below:

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Our Vice President, Operations Excellence is responsible for advancement of the company’s sustainability strategy. The VP, Operations Excellence is kept updated on activities through the company’s Sustainability Leadership Council.

The Quanex Sustainability Leadership Council, chaired by the VP, Global Sustainability  develops our sustainability strategy, reviews progress against divisional and corporate sustainability plans on a quarterly basis, shares and replicates sustainability best practices as well as identifying and responding to emerging sustainability-related risks and opportunities. Its membership comprises the presidents of each of our manufacturing divisions, our Vice Presidents for Operations Excellence, HR, , and Commercial Excellence, and our General Counsel and Chief Financial Officer.

Our Vice President of Global Sustainability, reporting to the VP, Operations Excellence, drives the development and deployment of Quanex’s sustainability programs, working with our divisions in implementation. Additional responsibilities include the day-to-day tactical work required to build and enact systems that will help us meet our sustainability goals such as implementing and managing systems that will capture and report on greenhouse gas emissions, operational energy consumption, waste management, water usage, and sustainable product revenues. This position also interacts with industry peers and benchmarks sustainability activities through various business groups focused on sustainability.

These divisional committees comprise various manufacturing professionals from each of the Quanex segments. The Committees are chaired by senior management leaders who represent various professional disciplines and are responsible for carrying out the sustainability strategy at the division level and reporting on progress.

 

 

 

 

 

 

 

 

 

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