Modular Group Investments Limited (MGI) ready to meet ESG demands
Modular Group Investments Limited (MGI) has set its sights on meeting its Environmental, Social, and Corporate Governance (ESG) values with practical steps and targets.
The fast growing and innovative group of businesses, whose goal is to make a positive contribution to UK offsite and modular manufacturing, has engaged with consultancy ESG Communications to help make sure it is hitting those standards.
ESG is a formalisation of a business’s collective conscientiousness for social and environmental factors; how it contributes to and performs on environmental challenges, how it treats its staff and customers, and how it’s governed.
Nick Cowley, MGI’s Group MD, explained: “As a group of businesses we have always taken our environment, social, and corporate obligations seriously and with greater expectations now being placed on businesses in all sectors, we wanted to make sure we were doing everything we could to meet and explain our responsibilities.
“ESG Communications conducted an in-depth analysis for us, based upon the activities and actions we presently do and how they compare to where we want to be and what our shareholders will expect in the future.”
The ESG Communications report stated that MGI was in ‘a positive place on its ESG journey’ and it ‘has a set of core strengths such as its excellent management of safety, gender diversity, and waste and recycling’ and recommended MGI focus on an initial set of seven ‘high-priority’ ESG issues, including enhanced governance, employee health, and community engagement.
The review also analyses a selection of the sustainability requirements and expectations of some of the company’s customers, including Ilke Homes, Portakabin, Zed Pods, Taylor Wimpey, Barratt, Travis Perkins, Wickes, and Selco.
With MGI having recently successfully acquired window, door, and composite door manufacturer Euramax Solutions Limited, and fenestration fabricator Rapid PVCU Systems Limited, and more recently aluminium fabricator Barton Windows Limited, adopting more sustainable working practices will be crucial to support its continued development.
“ESG considerations have risen up corporate agendas and they play an increasingly important role in in investment and procurement decisions,” added Nick. “It’s why ESG is now a significant driver that is informing our company strategy for long-term growth and is a key feature of all agendas.
“We have a clear desire to do the right thing in managing our ESG responsibilities for both the short and long term. We are looking to recruit and retain local talent to improve community engagement, employee training and benefits.
“It is important that we align ourselves with the relevant parts of the United Nations Sustainable Development Goals which drive the deliverable KPI’s we create for our ESG responsibilities and continue our ongoing commitment to improving our ESG performance.”