BCP V Modular Services Holdings III Limited
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:20,752 tCO2e/year (market-based)
Scope 1 Emissions:15,559 tCO2e/year
Scope 2 Emissions:5,193 tCO2e/year (market-based)
Renewable Energy Share:54%
ESG Focus Areas
- Climate Change
- Circular Economy
- Safety
- Diversity & Inclusion
- Governance
- Supply Chain Sustainability
- Social Value
- Human Rights
Environmental Achievements
- 26% reduction in Scope 1 & 2 market-based emissions vs 2020
- 54% Renewable Energy
- Installation of solar panels at Madrid depot, reducing CO2 emissions by 25t annually
- Introduction of HVO-powered generators for customers
- Delivery of UK’s first Net Zero Carbon McDonald’s restaurant
- Introduction of ‘plug and play’ PV solar panels for modular units
- Achieved five out of six environmental 2022 KPIs
Social Achievements
- Zero fatalities
- Completion of a global employee safety survey
- 4,616 hours of volunteering
- Development of a Graduate/Apprentice/Trainee Programme in all SBUs
- Participation in three UN Days (International Women’s Day, World Day for Safety and Health at Work, World Mental Health Day)
- Achieved five out of seven social 2022 KPIs
Governance Achievements
- Completed supply chain audit assessing 80% of purchasing spend
- 362 hours of Cybersecurity training
- Achieved two out of three governance 2022 KPIs
- ISO 14001 certification at all facilities except New Zealand (pending)
Climate Goals & Targets
Long-term Goals:
- Net Zero carbon emissions by 2050
Medium-term Goals:
- 7.5% absolute reduction in Scope 1 and 2 emissions (vs 2020) by 2024
- Rollout a Group-wide strategy to reduce or mitigate Scope 3 emissions by 2024
Short-term Goals:
- 5% absolute reduction in Scope 1 and 2 emissions (vs 2020) by 2023
- Initiate Group Operational Carbon baseline tonnes of annual Scope 3 by 2023
- Source 100% Renewable Electricity where available and applicable by 2023
Environmental Challenges
- Falling short of targeted reduction in lost time incident frequency rate
- Climate change physical risks (extreme heat, rainfall) impacting operations
- Transition risks related to carbon pricing and market shifts
- Supply chain disruptions
Mitigation Strategies
- Company-wide safety survey and observation training for managers
- Revised safety plan
- Climate Adaptation Plans for each SBU
- Biodiversity Impacts Protocols for all Modulaire sites
- Carbon reduction strategy to minimize carbon pricing risks
- Mandatory ESGS screening questionnaire for all suppliers in 2023
Supply Chain Management
Supplier Audits: 42% of key first-tier suppliers responded to the audit.
Responsible Procurement
- UN Global Compact principles
- Mandatory ESGS screening questionnaire for all suppliers in 2023
Climate-Related Risks & Opportunities
Physical Risks
- Extreme heat
- Wildfire
- Extreme rainfall
- Riverine flooding
- Sea level rise/coastal flooding
Transition Risks
- Carbon pricing
- Market shifts
- Regulatory changes
Opportunities
- Increased demand for low-carbon building solutions
Reporting Standards
Frameworks Used: TCFD, UNGC, UN SDGs
Certifications: ISO 14001, ISO 9001, ISO 45001 (Nordics)
Third-party Assurance: PricewaterhouseCoopers LLP (PwC)
UN Sustainable Development Goals
- SDG 4 (Quality Education)
- SDG 5 (Gender Equality)
- SDG 9 (Industry, Innovation and Infrastructure)
- SDG 11 (Sustainable Cities and Communities)
- SDG 12 (Responsible Consumption and Production)
- SDG 13 (Climate Action)
Modulaire's activities and services contribute to these SDGs through sustainable modular solutions, promoting gender equality, supporting community development, and driving climate action.
Sustainable Products & Innovation
- EcoLogic Solar range (awarded two International Green Apple Awards)
- HVO-powered generators
- Electric vehicle charging points
- Products from Social Enterprises
Awards & Recognition
- Two International Green Apple Awards for Advanté’s EcoLogic Solar range
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:23,225 tCO2e/year (market-based)
Scope 1 Emissions:5,193 tCO2e/year
Scope 2 Emissions:18,032 tCO2e/year
Scope 3 Emissions:1,300,000 tCO2e/year (estimated)
Renewable Energy Share:67%
Water Consumption:101,175 m3/year
Waste Generated:3,318 tons/year
ESG Focus Areas
- Safety
- Environment
- Social
- Governance
Environmental Achievements
- 30.7% absolute reduction of Scope 1 & Scope 2 market-based emissions (vs 2020)
- 75% less waste to landfill vs 2020
- 55% less water used vs 2020
- 67% renewable energy
Social Achievements
- 33% lower LTAFR vs 2022
- 2% increase in overall proportion of female employees
- 5,145 hours of volunteering
- Participation in 3 UN days
Governance Achievements
- New ESGS Responsible Sourcing Policy and supplier assessment process
- All design and assembly facilities achieved ISO 14001 certification
- Completed a gap analysis and developed a double materiality analysis ahead of the EU Corporate Sustainability Reporting Directive (CSRD)
Climate Goals & Targets
Long-term Goals:
- Net Zero emissions by 2050
Medium-term Goals:
- Reduce Scope 1 and 2 emissions by 10% (vs 2020) by 2025
- Reduce embedded carbon footprint by 20% by 2025
- Reduce waste to landfill by 50% per typical unit by 2025
- Reduce water use by 10% per typical unit by 2025
Short-term Goals:
- Reduce Scope 1 and 2 emissions by 7.5% (vs 2020) by 2024
- Reduce LTIFR by 20% year-on-year
Environmental Challenges
- Climate change impacts (extreme heat, rainfall)
- Carbon pricing
- Supply chain risks (cybersecurity, responsible sourcing)
- Scope 3 emissions
Mitigation Strategies
- Climate Adaptation Plan
- Loops within Loops circular business model
- Sustainability-linked financing
- Responsible Sourcing Policy and supplier assessments
- Cybersecurity training
- Electrification strategy
- Operational Excellence initiatives
Supply Chain Management
Responsible Procurement
- ESGS Responsible Sourcing Policy
- Supplier Code of Conduct
- Supplier assessment process
Climate-Related Risks & Opportunities
Physical Risks
- Extreme heat
- Extreme rainfall
Transition Risks
- Carbon pricing
Opportunities
- Increased demand for low-carbon and resilient building solutions
Reporting Standards
Frameworks Used: TCFD, UNGC, SBTi, CSRD
Certifications: ISO 14001
Third-party Assurance: PricewaterhouseCoopers LLP
UN Sustainable Development Goals
- 4
- 5
- 9
- 11
- 12
- 13
Integrated into everyday activities through services, projects, and customer portfolio
Sustainable Products & Innovation
- Solar-powered lighting
- Satellite broadband
- Solar panels
- Electric vehicle chargers