Modulaire Group Delivers 30.7% Reduction in Emissions

The report, titled ‘Modular solutions for a circular economy’, provides a comprehensive update on progress that the Modulaire Group is making across its own global operations, corporate supply chain, and with customers, since placing sustainability at the forefront of strategy and decision-making.

Key highlights from the report include:

• 30.7% reduction of Scope 1 and 2 market-based emissions (vs 2020)
• 67% renewable energy
• 55% less water used (vs 2020)
• 75% less waste to landfill (vs 2020)
• 33% lower LTAFR (vs 2022)
• 5,145 paid volunteering hours
• 4 EcoVadis medals

Scope 1 are direct emissions that are owned or controlled by a company, whereas scope 2 indirect emissions are a consequence of the activities of the company but occur from sources not owned or controlled by it.

The report references the UN SDGs (Sustainable Development Goals), TCFD (The Task Force on Climate Related Financial Disclosures) and UNGC (United Nations Global Compact) Standards.

Published annually, the latest group report discusses the roadmap to Net Zero, its wider ESG strategy and KPIs to measure progress. It sets out the strategy behind Modulaire Group’s Environment, Social and Governance (ESG), with circularity, adaptability, and leasing at the core. This ‘loops within loops’ model is at the heart of the strategy, which employs circular economy principles to minimise waste, virgin materials and the embodied carbon throughout its whole operations and activities.

With the UK government committed to meeting a legally binding target of net zero emissions by 2050, all organisations will need to cut carbon emissions. With the built environment accounting for around 40% of CO2 emissions, Advanté and Algeco UK has already taken important steps to Climate action.

Mark Higson, Group Chief Executive Officer of Modulaire Group, said:

“I remain more convinced than ever that Modulaire is making a valuable contribution to building a circular economy. We deliver adaptable and recyclable modular solutions that are helping our customers respond faster to changing population and climate needs. Our low-emissions customer service centre sets a new ESG benchmark across the Group, clearly demonstrating our strategic focus on electrification, renewable energy and protecting biodiversity.”

Inder Poonaji, Director of ESG and Sustainability, said:

“Our sustainable circular business model – Loops within Loops – continues to deliver great results for our business and our customers. We are using innovative design solutions to produce modular units that can stay in service longer, going round and round again. It uses less materials and produces less waste. Today, our business is producing over 30% less carbon emissions, using 55% less water and sending 75% less waste to landfill, all since 2020. We’re proud of our performance and our products.”

Commitments to further strengthen the our approach to Governance involves a strong compliance focus around health and safety, human rights and labour practices, code of ethics, anti-corruption and sustainable procurement throughout the whole supply chain.

Advanté, Algeco UK and parent company Modulaire Group are owned by Brookfield Corporation, a leading global alternative asset manager.

To find out more about Modular solutions for a circular economy, visit: https://advante.co.uk/app/uploads/2024/04/MOD005-BOOK_Modulaire_ESGS_Report_2023_vC.pdf