Sustainability and Governance in Modular Construction

Governance

Algeco ESG

How we manage our approach

Our Executive team and Board are fully committed to running Algeco UK in a way that our employees, customers, shareholders and suppliers can be proud of and take our commitments to all our stakeholders seriously. We already have strong governance structures in place and moving forward, we will monitor and disclose more ESG & Sustainability-related data, making further improvements 
to our performance as we listen, learn, and develop.

The Board of Directors of our Group - Modulaire - provides ESG & Sustainability (ESGS) oversight and is responsible for approving material ESGS initiatives, disclosures and reports. The Board has established an ESGS Committee that reviews our performance, commitments, and key performance indicators, meeting twice a year to make recommendations to the Board. Chaired by our Group CEO, it is responsible for defining Modulaire’s ESGS purpose and implementing strategy, which are applicable to Algeco UK. 

At Algeco UK, our Managing Director and the Senior Executive team monitor our ESGS performance and provide strategic approval on our ESGS actions and projects.

Want to learn more about our approach to sustainability in construction? Get in touch.

Algeco ESG

Respecting Human Rights

Our parent company - Modulaire Group introduces a framework of policies, processes and programmes to identify and reduce potential human rights impacts, including modern slavery and human trafficking. 

We are committed to improving our supplier governance framework to include enhanced visibility through the supply chain. 

Our approach

Our modern slavery risk assessment considers the three key modern slavery risk factors of:
• Vulnerable populations
• High-risk sectors
• High-risk geographies

Our Modern Slavery Statement can be found here.

Governance and Sustainability in Modular Construction

Managing our sustainability and ESG risks

We believe in an open dialogue with our stakeholders and meet them regularly to listen to feedback. We assess the ESGS risks, issues and trends for our business and use a materiality matrix to map the results, showing us the levels of stakeholder concern, measured against the level of importance they represent to our business.

The risk of climate related, social and governance issues impacting our ability to operate and service our investors, customers and stakeholder needs.

Our materiality issues

Additional ESGS issues were raised concerning our industry, relating to energy performance, materials used in the production of modular buildings, safety and the carbon impact of logistics. Our ESGS strategy makes consideration of all the topics.