Measuring Social Value
Different people are affected by different aspects of our business every day. We want to understand the worth and importance they place on these aspects and impacts. It enables us to deliver for social good, providing solutions that create social value for our people and our stakeholders.
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
We have put in place a method to measure the social value created or preserved from our actions and activities. It is a new focus for our business and we will advance it over time. We have set a baseline and a platform to measure our efforts and highlight areas for improvement.
We’re increasing representation by providing greater clarity and context around our roles, removing barriers and supporting skills development.
Maruschka Baumert-Mougel
HR Director Algeco Germany
Our Social Value 2023
Stakeholders
Theme
Output
Measure
Quantitative/page
Coverage
Our People
EP
Employees
Provides employment
No of employees
4,877
Group
EP
Apprentices, trainees, graduates
Provides education, experience, income & future leaders
No of apprentices, trainees, graduates employed
169
Group
EP
Employees
Promotes Employment
Total turnover (involuntary and voluntary)
295
Group
EP
Employees
Promotes education & fair opportunities
Annual Performance Review
YES
Group
SG
Employees
Freedom of association
Percentage of total employees in a union
60% 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 37 of the report
Aus, FR, SP, UK
SG
Equality, diversity & inclusion
Promotes education & fair opportunities
Females at Board & senior management level (CEO-1)
17%
Group
SG
Equality, diversity & inclusion
Promotes education & fair opportunities
Overall proportion of female employees
27%
Group
Our investors
EP
Innovation
Promotes circular economy
New low carbon products
See page 17 of the report
Group
Our suppliers
SG
Social enterprises
Promotes social prosperity
No. of Social Enterprises
6
UK, DE
Customers
EP
Low carbon products
Promotes social innovation
Low carbon products
See pages 14, 17 of the report
Group
EP
ESG rating
Performance benchmark
No. of EcoVadis ratings
4
Group
Society
SG
Job creation
Promotes skills & employment opportunities
No. of net jobs created
344
Group
SG
Safe spaces
Supports safer, healthier & more resilient communities
Projects for safe spaces
See pages 29-32 of the report
Group
SG
Community & charity
Supports & builds resilient communities & environment
Paid volunteering days
5,145 days
Group
Planet
ER
Net Zero
Helps decarbonisation, safeguarding planet & improves resource efficiency
Pathway to Net Zero
See pages 16, 21-25 of the report
Group
ER
Management system
Reduces risks of environmental impacts
ISO 14001 All Sites: Design and assembly:
56%
100%
Group
ER
Nature
Promotes biodiversity & increases environment responsibility
Biodiversity projects
See pages: 23, 25, 26 of the report
Group
EP: Economic Prosperity, SG: Social Good, ER: Environmental Responsibility
Delivering for social good
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 Group paid volunteer programme in action.
Our employees planting native trees, hedgerows and bluebell bulbs, to provide food and shelter for hundreds of different types of insects, birds, and mammals in the UK.
Social purpose and actions
We want to inspire positive action with focused local programmes to help our people, our planet and the communities where we work. On our sites, we work to provide a safe, inclusive, diverse and motivating environment for everyone.
We are committed to the fair treatment of our employees to provide meaningful work and pay fair compensation - meeting our obligations for both national and local compliance requirements and international frameworks such as the United Nations Global Compact and International Labour Organisation. We want to enable a culture where our colleagues can perform at their best.
We ensure Unions and Work Councils are engaged on business performance and employee matters. Unions remain a key stakeholder group, with forums established to ensure we follow local obligation and practices when discussing matters relating to employees. The local regions and leadership teams manage positive relations amidst challenging economic and labour market trends. During 2023, the Group continued to review and monitor trends and take appropriate action as a result.
Action for Equality, Diversity & Inclusion (EDI)
We promote EDI throughout our supply chain and seek to eliminate unlawful discrimination. We have increased overall female participation at the Board and Senior Management level by 4% (vs. 2020) and the total number of female employees now stands at 27%, an increase of 2%. This remains higher than the overall construction industry workforce of 15.8% female1. Our SBUs will focus on further improvement in 2024 and develop local plans.
1 April to June 2023, Office for National Statistics (ONS)
Paid volunteer programme
We encourage our people to be engaged community citizens through our paid volunteer programme. We offer one paid day each year to 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 5,145 of volunteering hours in 2023, including supporting school traffic safety, raising awareness for charities, stewarding local events, repurposing materials and protecting biodiversity. We are very proud of all of their efforts.
Increasing ESGS awareness
Our ESGS Awareness Training programme continues to generate excellent engagement, with robust discussion and producing ideas to reduce energy, water and waste. To date, 42% employees have taken part. In the APAC region, over 70% of Ausco Modular employees have attended sessions, with a new ‘Interested and Influencers’ group established to share ESGS updates and opportunities.
Delivering for social good
This year, we participated in three UN International Days, raising awareness and discussion around these important societal issues:
Progress on our Social KPIs
We have achieved all seven of our Social 2023 KPIs.
We believe strongly in equality and recognise there is important work to do in the global building sector to increase opportunities for women. In the UK, for example, women make up 71.8% of the overall workforce, but construction sits at only 15.8%1. We have increased female participation at management level and the overall proportion of female employees within Modulaire and will continue these efforts.
Darren Littleboy
Chief Human Resources Officer
You can access this Sustainability Report at any time. Download the PDF now