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Algeco shows its social value

by Mark Cantrell
Alegco has released its 2022 social value report

Modular construction specialist Algeco has demonstrated its commitment to corporate citizenship with the publication of its new social value report.

The document, A Better Tomorrow, sets out how the company has contributed to delivering economic prosperity, social good, and environmental responsibility.

It represents part of the company’s commitment to becoming a more sustainable and responsible modular and offsite building solutions brand, it says.

In 2022, the report reveals Algeco UK made “good progress” on all its social targets, with five out of the seven KPls achieved.

This included “most importantly” zero fatalities. Furthermore, the company says progress is accelerating, with a continuing emphasis on safety performance.

The report also sets out Algeco’s commitment to the United Nations Sustainable Development Goals and the United Nations Global Compact’s principles.

Giang Tran, ESG and sustainability manager at Algeco UK, said: “We’re delighted to share our company’s social value report, showcasing our dedication to our people, investors, customers, the modular and offsite construction industry, the environment, and society at large.

“We continue to work with our stakeholders to improve our understanding of social value.

“From creating jobs and working with local suppliers to uplifting charity initiatives and engaging with local communities, we are making a positive contribution to economic prosperity and addressing society’s changing needs.

“We offer low-emission solutions and turnkey safe space projects to assist our customers in achieving their sustainability targets while working towards our net-zero target by 2050.”

This report supplements Algeco’s parent company, Modulaire Group’s 2022 ESG & Sustainability report, published in June 2023. It details the contribution that the group is delivering.

Algeco’s key social focus areas are: to deliver modular solutions by providing smart spaces that benefit the communities where it operates; to provide a safe and healthy working environment for Algeco UK employees; and to foster a diverse and inclusive culture.

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