This is our sixth annual Environment, Social, Governance and Sustainability (ESGS) report, which shares our impacts, priorities, actions, and progress from 1 January 2025 to 31 December 2025 (unless otherwise stated). The focus areas are informed by our double materiality process, meeting the needs of our business strategy. All of our operations are in scope unless otherwise stated. We commit to sharing this information with our stakeholders through our communication channels. We integrate the TCFD (Task Force on Climate-related Financial Disclosures) four pillar framework into our reporting structure, believing in its principles of effective disclosure, with sections on Governance, Strategy, Risk Management, and Metrics and Targets. By using these principles and the latest reporting developments, Modulaire will ensure our practices remain aligned with best practice sustainability standards.
Modulaire ESGS Report 2025
Keeping resources in motion
“Welcome to our 2025 ESGS report. Our business is built on a simple conviction: the future belongs to those who keep resources in motion. Loops within Loops, our circular business model, is designed to do exactly that - creating smart spaces for people to work, learn and live - through systems where materials, products, and value are always moving. It’s not just how we operate, it’s a blueprint for a regenerative economy.”
Richard Ingram, Interim CEO and Co-Chairman
We operate in a rapidly changing world shaped by technology, shifting social expectations, and ambitious environmental goals. Nothing stands still, but instead of reacting to these forces, we choose to help shape them. By aligning our strategy with global sustainability targets, emerging megatrends, and the evolving needs of our customers and stakeholders, we position ourselves to create both immediate and long-term value, and help accelerate the transition to a low-carbon economy.
We design for longevity, refurbishment, and reuse - to ensure our resources remain in continuous circulation. Our model is built for this moment, and its potential extends through every market and sector we serve.
Our public commitment to decarbonisation is clear. Since 2020, we have reduced Scope 1 and 2 absolute emissions by 47%. Electrification of our fleet is advancing - 32% of cars and vans, and 42% of forklifts are now electric. Our service centre in Karlstein, Germany, showcases latest sustainable design and is serving as a catalyst for innovation across the Group.
Our mission is bold: to establish Loops within Loops as a model that unites purpose, sustainability, and technology, meeting the world’s changing needs. The circular economy is not simply our strategy, it’s a foundation for the future we aspire to lead by keeping materials in motion.
Addressing megatrends
Our circular business model, Loops within Loops, directly addresses megatrends by embedding circularity, adaptability, resilience, digital innovation and strong governance into the built environment.
we meet growing demand for sustainable, flexible, low carbon infrastructure with rapid deployment and adaptability, modular systems meet the changing needs of high-density cities our refurbishment, reuse and modular systems support global expectations for circular design 
offsite design and manufacturing of our buildings enables efficient deployment 
by extending product life and using less materials, we reduce carbon emissions and support decarbonisation pathways 
IoT and AI enhance our asset performance, traceability and lifecycle efficiency 
our modular spaces can be reconfigured for changing work patterns, community needs and accessibility requirements 
our resource ‘loops’ reduce consumption of virgin materials and strengthen our resilience our circular model aligns with emerging standards on carbon, waste, and transparency for easier reporting
Performance highlights 2025
Environmental
- 81%less Waste
to landfill since 2020
per typical unit - Net Zerotargetsvalidated by SBTi
- 47%less GHG emissionsScope 1 & 2 absolute market-based since 2020
- 55%less Watersince 2020 per typical unit
- 73%Renewable energy
Social
- 43%lower RIRsince 2024
- 5,296hourspaid volunteering
- 1%more female employeesoverall proportion since 2020
- 4UN daysParticipated in International Women’s Day; World Day for Safety & Health at Work; and World Environment Day and World Engineering Day
Governance
- 3,765hoursCompliance training including:
Code of Ethics, Anti-bribery and corruption, EDI and GDPR, Corruption and Competition - 12EcoVadis medals4 Platinum
4 Gold
3 Silver
1 Bronze - 4,955hoursCybersecurity training
- Responsible sourcing46% suppliers completed assessment
“Finance and the circular economy share a common aim: generating value for the economy, society, and the environment. By adopting our circular strategy of Loops within Loops, we aim to maximise resources to their full potential and enable customers to benefit from Modulaire’s low-carbon solutions. Over the long term, the dividends are clear and compelling.”
Emma Mercer, Group Chief Financial Officer
“By leading sustainability forwards in modular construction, we drive value for our customers. This year, SBTi validation of our decarbonisation targets marks clear progress toward electrification. Responding to stakeholder feedback, we launched a Responsible Sourcing Handbook for suppliers - available online. Employee engagement remains key, with over 5,000 paid volunteer hours contributed. In this report, we share how Modulaire is enabling customers and stakeholders to deliver on their ESG ambitions.”
James Odom, Group General Counsel
Our ESGS purpose
At Modulaire, we create smart spaces for people to work, learn and live. We work with purpose; to help generate economic prosperity, to do social good and promote environmental responsibility. Where we can make a difference, we will with our people and products.
We seek to reduce our environmental impacts and to continuously improve our sustainability performance through responsible governance, processes and practices. Our ESGS purpose is aligned with a number of best practice frameworks and standards, including the UN SDGs, UNGC Principles and the TCFD.
We commit to promote ESGS throughout all business activities, policies and processes to reduce or mitigate environmental and social impacts and improve governance and sustainable practices.
Environment
- Deliver circular solutions through Loops Within Loops.
- Improve supply chain sustainability.
- Design safe, low-carbon, energy-efficient solutions.
- Cut impacts on energy, carbon, water, waste and biodiversity guided by Group policies.
- Achieve SBTi-aligned GHG reductions.
- Collaborate with suppliers on emissions data transparency.
Social
- Provide a safe, inclusive and diverse workplace.
- Drive behaviour change to meet ESGS commitments.
- Empower employees to add value for customers, suppliers and communities.
- Encourage paid volunteering with community organisations.
- Partner with educational organisations to raise sustainability awareness.
- Apply Responsible Sourcing Policy to identify, reduce and remediate risks.
Governance
- Ensure strict compliance with ESGS legislation.
- Require all functions to report on ESGS commitments.
- Deliver sustainable growth through responsible governance and stakeholder dialogue.
- Conduct double materiality assessments and Impact, Risk & Opportunity reviews every 3 years.
- Uphold Cybersecurity policies and training across all activities.
- Strive for a zero-injury and zero-incident workplace through hazard awareness and continuous improvement of safety and environment
Sustainability
- Support UN SDGs (4, 5, 9, 11, 12, 13), UNGC Principles, and TCFD Net Zero planning.
- Promote Loops Within Loops with suppliers - reuse, repair, recycle to minimise waste.
Our business model
Loops within Loops is our sustainable circular business model. It simply means we use innovative sustainable design solutions to produce modular units that can stay in service longer, going round and round again. This reduces our use of virgin materials, minimising resources and waste. By designing in sustainability and designing out waste, we produce a circular product that can be reused, refurbished, remade and assembled. We do this to meet the expectations of our stakeholder groups, who want maximum value with minimum impact.
Loops within Loops
Our sustainable modular solutions contribute to the advancing circular economy. Whilst we are in the early stages of realising the full potential benefits of our activities, the steps that we are taking to better understand the risks and opportunities of the transition to a low carbon economy are bringing measurable benefits to our customers, the environment and the societies in which we operate.
