Mark Higson

Mark Higson

Group Chief Executive Officer

Mark Higson

We have started our transition to a low carbon economy, with the circularity of our modular solutions delivering sustainable benefits to our customers, the environment and society.

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Core leasing business model provides a low carbon solution

Loops within Loops for the circular economy

Our sustainability and ESG purpose framed against UN SDGs

  1. 12 - Responsible consumption and production
    To achieve long-term success, we are transitioning to a sustainability strategy with circularity at its core, providing modular space for people to work, learn and live.
  2. 13 - Climate action9 - Industry, innovation and infrastructure
    We work in collaboration with our stakeholders to create and develop shared value for people and the planet. We create products that make a positive difference to society while contributing to our ongoing success.
  3. 4. Quality education5. Gender equality11. Sustainable cities and communities
    We conduct business with a focus on ethical, environmental and community goals, whilst being a good employer and fostering a diverse and inclusive performance culture.

Through our services, projects, and client portfolio, we have integrated sustainability and ESG factors into our vision, purpose, and everyday business.

Circularity

By minimising resource consumption, and operating in as many ‘circular loops’ as possible, our modular solutions are less intensive than traditional construction, with a lower carbon footprint.

Adaptability

By being fully reusable, flexible, reconfigurable, and recyclable, our units can adapt to changing demands and shifting demographics to meet climate adaptation and climate change demands.

Leasing

By leasing assets, they remain under our control for their full lifecycle. We can therefore innovatively manage environmental issues, such as recycling and waste, to minimise environment and social impacts.

There are significant opportunities to help our customers, suppliers, and stakeholders to address the challenges of climate change and to deliver growth in the low carbon and circular economy. We focus on reduce-reuse-recycle, rather than in a linear economy where resources at the end of life are disposed of (take-make-waste).

This approach has enabled us to establish our transitional, circular model – ‘Loops within Loops’. This model is one where the majority of the material has an ongoing life, where materials are retained in use at their highest value for as long as possible and then reused or recycled, leaving minimal residual waste. Our long-term goal is to retain the value of materials and resources indefinitely, with no residual waste at all.

Aligned with global frameworks

Our approach to sustainability and our ESG commitments are just a first step towards the circular economy.

As we continue to monitor and design out waste and pollution, whilst actively reusing and recycling, we are finding new opportunities to save resources and materials. This transitional model mitigates risks and will realise climate-related opportunities in alignment with key principles of operating in the circular economy.

Sustainability frameworks

Understanding our stakeholders

Our approach to materiality

Through a range of consultation mechanisms with a number of internal and external stakeholders representing employees, clients, investors, partners and local communities, we have identified the ESG issues that are most material to our business. Through our analysis, we have further plotted these issues according to how concerned stakeholders are about the issue, and the potential operational, financial, or reputational impact the issue would have on Modulaire Group if not appropriately managed. We also conducted and integrated the internal review of risk and sustainability megatrends to provide a broad spectrum of ESG opportunities and risks.

It is important to note that all the issues identified through this assessment, and many others that have not reached the level of materiality to be included here, are important to us and our stakeholders. The output from our materiality process has helped ensure we focus our strategy on the right topics and create a platform to continually report back on the most important areas

Materiality matrix

Our materiality matrix maps the priorities identified through understanding the importance of issues to the business and our key stakeholders.