Our modular solutions are designed with a social purpose - we create smart spaces where people work, learn and live. They are frequently used for schools, healthcare facilities, housing and other vital social infrastructure. To do this effectively, we seek to understand the difference we are making to people’s lives and the changes we are making to the planet. We call this social value.
Modulaire ESGS Report 2024
Social purpose and actions
We are committed to driving positive change through dedicated local programs that support our people, protect our planet, and strengthen the communities where we operate.
Fair treatment, work and pay
We are committed to the fair treatment of our employees to provide meaningful work and pay fair compensation - meeting our compliance obligations and international frameworks such as the UNGC and ILO. The Group monitors social and economic topics, engaging Unions and Work Councils on business performance and employee matters. Unions remain a key stakeholder group, with forums established to ensure we follow local requirements and practices when discussing matters relating to employees. The local regions and leadership teams maintain positive relations amidst challenging economic and labour market trends.
Action for Equality, Diversity & Inclusion (EDI)
The Group fosters an inclusive and collaborative working environment by focusing on well-being and support, empowering colleagues to perform at their best and recognising their contributions. We promote EDI throughout our supply chain and seek to eliminate unlawful discrimination. Our commitment to increasing female representation is demonstrated through Diversity and Inclusion forums, unbiased recruitment practices and inclusive policies. Our performance data shows that Modulaire Group is above the industry average and has successfully increased gender diversity at the leadership level. We track gender pay gap data and collaborate with regional teams to promote diversity and inclusion in line with our ESGS Social KPI targets (page 46).
Stakeholder engagement
In 2024 the Group prioritised engagement, including the Global Leadership Call with 140 leaders, quarterly CEO messages, and local forums like Town Hall meetings and newsletters. Regional visits took place by the CEO and members of our Executive Committee.
Talent and development
The Group invests in training and development with programmes for graduates, apprentices, and trainees. Efforts in 2024 focused on collaboration with unions to promote an inclusive culture. A revised Equality and Diversity policy will be relaunched in 2025.
Progress on our Social KPIs
We have achieved all six of our Social 2024 KPIs.
KPI
Progress
Status
Zero fatalities
Achieved
Increase overall female participation at board and senior management level
Achieved
Increase overall proportion of female employees
Achieved
Paid voluntary time of 5,000 hours pa
Achieved
Reduce Lost Time Incident Frequency Rate per 100,000 by 20% vs 2022
Achieved
Participate and undertake three UN Days: March 8th - International Women’s Day; April 28th - World Day for Safety and Health at Work; June 5th - World Environment Day
Achieved
Key
Achieved
Ongoing
Not achieved
Paid volunteer programme
We encourage our people to be engaged community citizens through our paid volunteer programme. We offer a paid day each year for employees to participate in non-profit community and environmental projects. It’s a great opportunity to share knowledge, skills and experiences. Our people carried out 5,442 of volunteering hours in 2024, including raising awareness for charities, stewarding local events, repurposing materials and protecting biodiversity. We are very proud of all of their efforts.
Delivering for social good
This year, we participated in three UN International Days, raising awareness and discussion around these important societal issues:
- On March 8th, International Women’s Day with forums, videos, external speakers, a questionnaire and attendance at associated stakeholder events.
- On April 28th, World Day for Safety and Health at Work with the introduction of climate related Safety and Health guidance.
- On June 5th, World Environment Day, workshops and digital presentations took place including an independent biodiversity expert. Practical activities helped to reduce waste, increase environmental awareness and promote biodiversity such as planting, community clean ups and a quiz to win waste collecting equipment.
2024
2023
Level
Definition
Female
%
Male
%
Female
%
Male
%
Executive Committee
Board and Executive Committee
3
17%
15
73%
2
15%
11
85%
Senior Leadership Team
Employees reporting to Executive Committee
26
27%
72
73%
23
24%
73
76%
Employees
All employees (excluding above)
1,341
28%
3,513
72%
1,316
27%
3,561
73%
Safety progress
Modulaire is committed to fostering a culture where health and safety are the top priorities for all employees and contractors. We actively empower and engage our workforce, ensuring they have the knowledge, skills, and confidence needed to uphold the highest safety standards. Through continuous learning and development, we equip individuals with the necessary competencies to perform their roles effectively, maintaining a secure and responsible working environment across all operations.
“Excellence in safety is a shared commitment; together, we build a culture where every effort counts, protecting our most valuable resource - each other.”
George Petrohilos, APAC Managing Director
Impacts, Risks, and Opportunities
Type
Safety
IRO
Negative
Strategy
Safety
Policy
Safety Policy
Local Compliance
Action
5 Year Safety Plan
Target
40% reduction RIR by 2025 vs 2024
36,00 quality safety observations
2019
2020
2021
2022
2023
2024
Lost Time Injury Frequency Rate (LTAFR) per 100,000 hrs
0.88
0.8
0.66
0.66
0.43
0.31
Recordable Incident Rate (RIR) per 200,000 hrs
2.74
2.22
1.94
1.69
1.48
1.16
Safety Observations
-
-
-
-
51,636
102,616
Safety Progress and Continuous Improvement
- Achieved a 30% reduction in LTAFR compared to 2022, marking the lowest LTAFR since 2019.
- Completed 102,616 safety observations in 2024.
- Calculation for LTAFR in 2024 has changed from per 100,000 hours worked to RIR per 200,000 hours worked. The table shows both rates.
Enhanced Safety Observations:
The focus will shift to improving the quality of safety observations by removing entries that do not meet defined quality criteria.
Looking Ahead: 2025 Enhancements Metric Update:
- Transitioning from Lost Time Injury Frequency Rate (LTIFR) to the Recordable Incident Rate (RIR).
- This metric calculates the number of OSHA-recordable injuries or illnesses per 100 full-time employees annually and allows for benchmarking against industry standards.
- RIR Formula: Total OSHA-recordable incidents times 200,000/Total hours worked
- Understanding Recordable Incidents: These include workplace injuries or illnesses that meet criteria such as: medical treatment beyond first aid, days away from work, restricted duties or job transfers, loss of consciousness due to workplace events. Diagnosed work-related illnesses, include chronic conditions like hearing loss or respiratory issues.
2025 Safety Goals
- Reduce Recordable Incident Rate (RIR) by 40% compared to 2024, setting a target of 0.42.
- Achieve 36,000 quality safety observations, focusing on meaningful and impactful entries.
Employees
Workers covered by H&S management system based on legal requirements and/or recognised standards or guidelines
100%
Fatalities as a result of work-related injuries and work-related ill health
0
Total recordable work-related accidents
62
Rate of recordable work-related accidents
1.34
Total recordable work-related ill health
41
Total lost time work-related accidents
35
Rate of lost time work-related accidents
0.76
Total cases of lost time work-related ill health
47
Our social value
Social value is the positive impact Modulaire has on people and communities beyond financial gain. It involves supporting local economies, promoting diversity and inclusion, expanding education and job opportunities, and enhancing environmental sustainability. By focusing on social value, we help build a more equitable society, creating lasting benefits for individuals and the broader community. We measure the social value generated by our business and financial impacts. It is a new focus area, and we will advance it over time.
Our approach is to:
- Embed social value in our processes and ESGS policies, as an added lens to our Loops within Loops business model
- Work with our stakeholders to improve understanding of social value
- Capture data and intelligence, including qualitative, quantitative, comparative and environmental changes
- Collect information to express the amount of value created or preserved using collected or proxy data
- Communicate the social value generated through our activities
Stakeholders
Theme
Output
Measure
Quantitative/
page
Coverage
Our people
EP
Employees
Provides employment
No of employees
4,970
Group
EP
Apprentices, trainees, graduates
Provides education, experience, income & future leaders
No of apprentices, trainees, graduates employed
83
Group
EP
Employees
Promotes Employment
Total turnover (involuntary and voluntary)
834
Group
EP
Employees
Promotes education & fair opportunities
Annual Performance Review
YES
Group
SG
Employees
Freedom of association
Percentage of total employees in a union
65% approx.
Group
SG
Health & wellbeing
Supports a healthier & happier workforce
Employee Assistance programme
Available to all employees
Group
SG
Equality, diversity & inclusion
Promotes education & fair opportunities
Gender Pay Publication
4
See page 46 of the report
Aus, FR, SP, UK
SG
Equality, diversity & inclusion
Promotes education & fair opportunities
Females at Board & ExCom (CEO-1)
17%
Group
SG
Equality, diversity & inclusion
Promotes education & fair opportunities
Overall proportion of female employees
28%
Group
Our investors
EP
Innovation
Promotes circular economy
New low carbon products
See page 19-21 of the report
Group
Our suppliers
SG
Social enterprises
Promotes social prosperity
No. of Social Enterprises
17
UK, DE, FR, NORD
Customers
EP
Low carbon products
Promotes social innovation
Low carbon products
See page 21
Group
EP
ESG rating
Performance benchmark
No. of EcoVadis ratings
11
Group
Society
SG
Job creation
Promotes skills & employment opportunities
No. of net jobs created
70
Group
SG
Safe spaces
Supports safer, healthier & more resilient communities
Projects for safe spaces
See pages 39 of the report
Group
SG
Community & charity
Supports & builds resilient communities & environment
Paid volunteering days
5,442 hours
Group
Planet
ER
Net Zero
Helps decarbonisation, safeguarding planet & improves resource efficiency
Pathway to Net Zero
See pages 13-14 of the report
Group
ER
Management system
Reduces risks of environmental impacts
ISO 14001 All Sites: Design and assembly
62%
100%
Group
ER
Nature
Promotes biodiversity & increases environment responsibility
Biodiversity projects
See pages 26, 29, 30, 35, 37, 39 of the report
Group
EP: Economic Prosperity, SG: Social Good, ER: Environmental Responsibility