SUSTAINABILITY

REPORT
 Addverb’s dedication to sustainability is a proactive choice, and we remain committed
to creating enduring value and meaningful impact across all facets of our endeavours.
We strive to provide reliable and transparent information regarding our Environmental,
Social, and Governance (ESG) initiatives. Our goal is to empower our stakeholders with
the insights they need to make informed decisions pertaining to our operations. We view
this Report as a powerful tool, facilitating clear communication of our ESG initiatives,
achievements, and advancements in disclosing relevant material topics that shape our
sustainability journey. Addverb is also referred to as ‘We’ and ‘Our Company’ across this
Environment, Social, and Governance Report (Report).

Reporting Period, Scope, Responsibility

and Boundary Statement
The information shared in this This Report has been
Report predominantly consists of meticulously crafted by the
our activities within India, with a senior management at Addverb.
clear distinction unless explicitly The content within is both
mentioned otherwise. accurate and directly pertinent
The reporting period spans to our stakeholders.
from 1st January 2023 to 31st
December 2023, and the data is
presented on a standalone basis.
APPROACH TO REPORTING

Channel for Cautionary

Feedback Statement
We value the feedback This report contains forward-
of our stakeholders to
improve our Sustainability
looking statements regarding
Addverb's future events, but Technological Ecology
Reporting disclosures. there's a risk they may not
For any questions or be accurate. Readers should At Addverb, our idea of sustainability is to create a world where progress aligns
recommendations, please avoid excessive reliance on harmoniously with the planet and ecological systems. The theme of our sustainability
feel free to reach out to us these statements, as various Report, ‘Technological Ecology,’ resonates with our Company’s efforts to redefine the
at:- automate@[Link]. factors could cause actual vital relationship between the products we create and the environment.
results to differ from predictions.
Our relentless pursuit signals a paradigm shift, wherein we will craft robots and
automation systems that would enhance, not exploit, nature’s balance. We strive
to design and deploy solutions that not only reduce ecological impact but, more
significantly, actively contribute to the well-being of the planet.
ABOUT
We realise that sustainability requires a collective effort and hence aspire to meet modern
business needs with a deep focus on design principles and technological innovation that
create a vibrant symbiosis with nature.
In our journey of ‘Technological Ecology’, our commitment is a pledge for a future where
each innovation prioritises ecological balance and embodies environmental stewardship,
thereby creating a thriving, resilient future for all.
 04-07 20-25 26-27
Addverb at a Glance Corporate Governance Business Ethics and Integrity
• Global Footprint • Governance Structure • Policy Architecture
• Manufacturing Facilities • Performance Assessment of the Board • Risk Management
• Esteemed Clientele • Adherence to Legal Requirements
• Product Portfolio
28-37
• Value Creation
Pioneering a Sustainable Future
• Managing Emissions
08-13 • Energy Management
The Addverb Advantage • Water and Effluent Management

• 4D Approach • Waste Management

• Software Capabilities
• Research and Development 38-41 42-49
• Product Lifecycle Management Approach to Customer Centricity Nurturing Humans of Addverb
• Digital Twin • Driving Innovation through Software • Employee Diversity
• Sustainable Manufacturing Development Centres
• Developing a Future-Ready Workforce
• Project Lifecycle Management • Partnerships
• Progressive Measures for Employee
• Lifecycle Support: End-to-End Excellence • Cyber Security and Data Privacy Delight
• Recognitions and Honours • Solving Customer Grievances • Employee-Centric Benefits
• Commitment to Human Rights

14-15 50-51

Message from the CEO Occupational Health & Safety

52-53
16-17
Contribution to STEM Education
Stakeholders Engagement
INDEX

54-57

18-19 GRI Content Index

Materiality Assessment
 Sustainability Report 2023

Addverb is a leading global robotics company headquartered in Noida, Uttar Pradesh, Pioneering Solutions across Multiple Sectors
India. Our Company specialises in delivering innovative material handling automation
solutions with a unique blend of robots, automation systems, and intelligent software for
warehouses and factories. It has been a pioneer in shaping the future of fulfillment by Batteries & Electric Consumer
designing and delivering creative warehouse automation solutions that help businesses Vehicles (EVs) Goods
scale their operations to meet the demand for efficient, reliable, and accurate deliveries.
Addverb started it's journey in 2016, and has become a market leader by onboarding
customers ranging from new-age startups to Fortune 500 companies across multiple
sectors.
Our eventful journey would not have been possible without the incredible support of our Solar E-Commerce
workforce. Their passion, talent, experience, and courage have been instrumental in
setting us apart as leaders. We cherish them as the ‘Humans of Addverb’ and are
committed to providing an inclusive work environment where they can thrive.
Semiconductors Automotive
Vision
Touching lives by pioneering human-robot collaboration
Chemicals and Third Party
Pharmaceuticals Logistics (3PL)
Values
Integrity Passion Courage Fashion
Uphold our words Embrace our work, Seek challenges as
and commitment seek excellence, opportunities and
and radiate overcome them with
positive energy tenacity
Global Footprint
People Multi-disciplinary
Innovation Customer Centricity
ADDVERB AT A GLANCE

Connect team comprising

India Singapore Australia
Enable and enjoy Encourage active Craft meaningful 700+
each other’s experimentation connections to meet the
technopreneurs*
success and rapid learning needs and preferences of
customers from 21
nationalities

Manufacturing
USA Netherlands Denmark*
facilities in two
locations: Bot-
Valley, Noida
& Bot-Verse,
Greater Noida,
Uttar Pradesh,
Germany* United Arab Emirates* Malaysia* India
* At Addverb, we
call our employees
‘technopreneurs’ as
they harness the power
of technology to solve
complex problems in the
material handling industry.
* These are Addverb’s branch locations. The rest are our subsidiaries in the mentioned locations above.

4 5
 Sustainability Report 2023

Manufacturing Facilities Product Portfolio

Addverb combines robust hardware and intelligent software to deliver ground-breaking products
Bot-Valley with extended lifespan and reduced ownership cost. Our automation solutions enhance efficiency,
reliability, and accuracy in fulfillment operations across different industries.
Production capacity R&D lab Customer experience
of 60,000 robots/ centre
year
Mobile Robots Sorting Robots
• Autonomous Mobile Robot • Robotic Sorter
Bot-Verse • Multi-Carton Picking Robot • Vertical Sortation Robot
Production capacity of A landmark in Largest mobile robot
100,000 robots/year sustainable manufacturing facility
manufacturing globally
Software Automated Storage & Retrieval System
• Warehouse Management System • Carton Shuttle
• Warehouse Execution System • Mother-Child Shuttle
Warehouse Control System
State-of-the-art Manufacturing • • Multi-Level Shuttle
• Fleet Management System • Pallet Shuttle
• Crane ASRS
• 4 Way Pallet Shuttle

Material Movement Picking Solutions

Robotic Assembly Advanced QC Lean Part
ADDVERB AT A GLANCE

• Rail Guided Vehicle

Lines, Electronic Lab with Latest Manufacturing Traceability • Pick-to-Light
Manufacturing Line Measuring with Vertical throughout the • Pallet Conveyor
• Pick-by-Voice
(SMT) Equipment Integration Value Chain • Case Conveyor
• Goods-to-Person Station
• Vertical Lift

Esteemed Clientele 350+ Clients

6 7
 Sustainability Report 2023

Research & Development Product Lifecycle

4D Approach Research & development at Addverb is Management
Addverb goes beyond product delivery, implementing solutions that exceed continuous, contributing to our success
expectations. Our advanced manufacturing facilities ensure high-quality robots We've enhanced our R&D with Product
in robotics and automation. Our R&D
and automation systems. Efficient project management and lifecycle support help Lifecycle Management (PLM), optimising
professionals are architects of our
customers overcome challenges seamlessly, ensuring successful project outcomes. workflows, and boosting efficiencies from
competitive edge, innovating consistently.
conception to disposal. This accelerates
We prioritise investment in R&D to ensure
development cycles and cuts costs,
product excellence and set new standards in
1 Discover 4 Dedicated Support the industry. With precision and innovation,
centralising product information and fosters
collaboration. The result: quicker time to
we strive to redefine excellence in every
We start our customers’ warehouse Our personal connection with market, better quality, and a more strategic,
automation journey by benchmarking customers extends well beyond aspect of customer satisfaction.
efficient R&D engine.
their performance using our unique the project delivery. We offer
framework of product, process, and unwavering customer support
people to identify challenges and
opportunities to improve performance.
after project deployment to ensure
utmost customer delight.
150+ 15% With the help of PLM, the R&D
R&D professionals Percentage of revenue department has completely gone
• Documentation • Spare Parts allocated to R&D paperless. All design verifications and
• Product • People
• Human Touch
11 28
• Process • Performance • Ramp Up approvals occur through workflows
Support
developed within PLM, eradicating paper
Design grants received Patents filed across
2 Design 3 Deliver India, USA, Europe,
usage and fostering environmental
Australia, and responsibility.
We combine insights gained from We efficiently deploy the automation Singapore
discover phase with our technology solutions using our project
THE ADDVERB ADVANTAGE

expertise to redesign processes that

meet our customers’ needs.
management expertise, reducing
time and costs, improving quality
Digital Twin
R&D Enhanced through
and safety, and providing real- We use digital twin technology for
• Technology • Simulation
time progress updates throughout
Digital Thread Integration
warehouse automation, creating virtual
Selection
implementation • Traceability replicas of physical layouts. Through 3D
• Layout • Process
• Project • Configurable modelling, customers visualise proposed
Engineering Re-engineering
Management Software • Shorter Time to Market
solutions in a risk-free digital space. It
• Transparent Governance & Compliance enables cost-effective experimentation and
<< • World-Class • Digital Twin
• Quality real-time monitoring, for informed decisions
and resource optimisation.

Software Capabilities

Hardware-Agnostic Integration Cloud and ERP Integration

• Seamlessly orchestrates diverse • Flexible cloud deployment options
automation systems and robots without • Effortless integration with any
compatibility issues ERP system

Microservices-Based Architecture Smart AI-Powered

• Modular platform for scalable Algorithms
warehouse digitalisation • Self-learning algorithms for real-
• Meets complex automation needs time performance improvement

8 9
 Sustainability Report 2023

Sustainable Manufacturing Project Lifecycle Management

We establish a vital link between technological progress and environmental The overarching objective is to craft and
responsibility through sustainable design which help us to incorporate deliver projects of exceptional quality that not
sustainability at every stage of the product lifecycle. Our manufacturing embraces only align with customer expectations but also
lean practices to reduce waste and optimise resource use. Our commitment resonate with the core values of Addverb.
Project Lifecycle Management at Addverb
extends beyond our facilities through engagement with suppliers who share our
comprises five stages meticulously designed to
dedication to environmental responsibility.
meet the highest standards of quality and
customer satisfaction.

Design for Circular Economy Going Beyond Compliance

and Resource Efficiency • Our manufactured products Inception
• Robots are manufactured with consistently achieve CE Defining project objectives, managing
recyclable materials like steel and certification, demonstrating our
scope, conducting interface and
ABS plastic, promoting closed-loop adherence to stringent European
organising internal/external kick-off
recycling. safety and environmental
standards. meetings, and preparing a
• Long-lasting design featuring modular comprehensive Design Acceptance
components and robust construction • Certified under EPR (Extended
Package.
reduces waste from frequent Producer Responsibility) standards,
replacements. we engage in the global retrieval

• Li Titanate batteries with longer

of plastic and other materials used Plan
in our products and packaging.
lifecycle (up to 10 years), fast Strategic emphasis on fostering
charging, and enhanced safety transparency in both cost and quality,
THE ADDVERB ADVANTAGE

features are chosen to minimise Harnessing Smart Software

crafting a dynamic project schedule,
energy consumption. with Advanced Algorithms
addressing potential risks, and realising
• Using advanced algorithmic objectives to deliver high-quality
Sourcing Materials Responsibly software anticipates potential outcomes.
• Compliance with the ROHS directive malfunctions, enabling scheduled
ensures the avoidance of materials preventative maintenance to
restricted under these regulations. minimise unplanned repairs. Implement
Deployment of resources, diligent
reporting with the S-Curve, virtual
commissioning, factory acceptance
testing, and effective conflict and crisis
management for the smooth progress of
the project.

Adapt
Proactive response to change, effective
change management practices, and the
systematic management of knowledge.

Closure
Formal conclusion of the project,
obtaining stakeholder approval,
handing over project deliverables,
conducting final testing, and compiling
comprehensive documentation.

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 Sustainability Report 2023

Lifecycle Support: End-to-End Excellence Recognitions and Honours

With Addverb, customers gain access to highly specialised and comprehensive
support services crafted to meet their unique requirements. Our customer support
process is adeptly equipped to facilitate the seamless integration of maintenance
procedures, fostering operational success across a diverse array of industries.
‘Best Startup Initiative in the AI
Sector’ in CY 2022 by the All
Computerised Maintenance Management System (CMMS) India Council For Robotics &
CMMS serves as the backbone of maintenance operations, providing a centralised platform
Automation (AICRA).
for streamlining maintenance operations, efficient asset management, preventive maintenance
scheduling, real-time tracking of maintenance activities, and optimising overall equipment
efficiency.

Tailored Packages
Our service support offerings are tailored to precisely align with the unique needs and
requirements of our customers. We go beyond the standard by providing options for additional
Addverb’s Dynamo received
features and elevated levels of technical support.
the 'Products of the Year
Readers Choice' Award in the
After-Sales Trainings Mobile Robots category by
Materials Handling 24/7.
After-sales training programmes are tailored to empower customers with the essential knowledge
and skills needed to proficiently leverage the capabilities of their installed warehouse
THE ADDVERB ADVANTAGE

automation solutions.

24x7 Support
Round-the-clock support ensures that technical assistance and guidance are available to users at
any time, addressing issues promptly and minimising downtime.
‘2019 Indian Warehouse
Management Robotics Solutions
Analytics and Insights Enabling Technology Leadership’
Analytics and insights functionality provides customers with data-driven metrics and reports to Award by Frost & Sullivan, India.
analyse trends, monitor key performance indicators, and make informed decisions for enhanced
operational efficiency.

‘Brandon Hall Global HCM‘

Award for the Best Development
Program for Frontline Leaders.

12 13
 Sustainability Report 2023

Dear Readers,
We are dedicated to minimising the impact
I am thrilled to address you all through our first
of our operations on the environment and
Sustainability Report. While this marks the first official
mitigating climate change by actively
documentation of our sustainability journey, our
working to reduce GHG emissions. To
commitment to environmental, social, and governance
We aim to embed (ESG) initiatives has always been an integral part of our
achieve this, we harness solar energy as a
sustainability throughout Company’s ethos.
sustainable alternative, thereby decreasing
our dependence on non-renewable sources.
our creations, from Over the years, we all have observed a distressing Additionally, all our facilities are equipped
design to disposal. Our impact on our environment and ecology, resulting in with energy-efficient machinery to ensure
products minimise serious issues such as climate change, environmental responsible power consumption.
degradation, loss of biodiversity, and pollution.
waste, energy In line with our commitment to ecological
consumption, and As leaders in robotic manufacturing, we recognise sustainability, we strategically undertake
our pivotal role in shaping a sustainable future. tree-planting initiatives and cultivate
environmental footprint. We're committed to integrating sustainability into green belts in specific areas. This not only
Our manufactured our manufacturing, contributing to technological contributes to ecological restoration but
robots are built to be ecology. Our vision focuses on pioneering solutions also enhances the overall environmental
that meet customer challenges while preserving balance, aligning with our broader goal of
robust, energy-efficient, ecological balance. Our internal processes, such as fostering a greener and more sustainable
with batteries lasting lean manufacturing and stringent controls, propel us on future. Furthermore, we proactively
longer to minimise the the trajectory towards technological ecology, with each implement measures to reduce our reliance
passing day bringing new advancements and on freshwater resources by initiating
frequency of innovations. groundwater recharge. We have also
replacements and reduce created a bioretention pond to enhance
MESSAGE FROM THE CEO

We leverage crucial insights from materiality

environmental impact." assessments and stakeholder engagement to strategise
sustainable water management.

and advance our sustainability strategy. We are equally devoted to fostering a

workplace that values and nurtures our
We aim to embed sustainability throughout our
greatest asset— our people. Our Diversity,
creations, from design to disposal. Our products
Equity, and Inclusion (DEI) vision, and Code
minimise waste, energy consumption, and
of Conduct uphold our commitment to an
environmental footprint. Our manufactured robots are
inclusive, equal-opportunity workplace.
built to be robust, energy-efficient, with batteries lasting
We invest in employees' professional
longer to minimise the frequency of replacements and
development, promoting 'Lifetime
reduce environmental impact.
Employability' for continuous growth and
Additionally, our AI-enabled software empowers robots competency development.
and automation systems to optimise routes and material
As we look ahead, innovation and
flow for enhanced efficiency. It ensures opportunistic
sustainability stand as inseparable pillars
charging and limits excessive charging of robots,
guiding our trajectory. We will continue
optimising energy usage. Moreover, our ASRS solutions
to innovate, integrate, and improve our
capture and repurpose energy during descent, further
production processes, actively creating
conserving energy. Our intelligent software systems
a future where we thrive by making
actively monitor equipment and aid in preventive
responsible and forward-thinking choices.
maintenance, increasing the product’s lifecycle.

Best regards,
Mr. Sangeet Kumar
Co-Founder & CEO
14 15
 Sustainability Report 2023

We value fostering strong connections with our stakeholders and acknowledge Stakeholder
Relevant Material Topics Channels of Engagement
the profound influence these relationships wield on our business dynamics. We Group

are committed to prioritising their long-term interests by actively engaging through

various channels to enhance our operational processes. This positions us to surpass Government and • Data Management and • Emails
Regulators Cybersecurity • Government portals
the evolving demands and expectations of our diverse stakeholder community. • Corporate Governance
• Product Safety and Quality
Stakeholder
Relevant Material Topics Channels of Engagement • Climate Change and Emissions
Group
• Anti-Corruption and Bribery
• Human Rights
Shareholders • Responsible Innovation • Annual Reports
• Data Management and • Shareholder meetings
Cybersecurity Community • Corporate Governance • Emails
• Corporate Governance • Climate Change and Emissions • Phone calls
• Climate Change and Emissions • In-person meetings
• Anti-Corruption and Bribery

Value Chain • Responsible Innovation • Emails

Investors • Responsible Innovation • Emails
• Data Management and • Phone calls
Partners • Corporate Governance • Phone calls
Cybersecurity • Product Safety and Quality • Annual supplier meetings
• Board and shareholders meetings
• Corporate Governance • Anti-Corruption and Bribery • Online/offline meetings
STAKEHOLDERS ENGAGEMENT

• Online meetings
• Climate Change and Emissions • Human Rights
• Website
• Anti-Corruption and Bribery

Customers • Responsible Innovation • Seamless customer service through Embedding Sustainability in Company Culture
• Data Management and regular engagement such as emails/
Cybersecurity calls/SMS/sales and solutions • New employees take the IMS policy pledge, gaining an understanding of our commitment to
• Product Safety and Quality engineers/on-site employees
sustainability goals and clarification of their roles.
• Climate Change and Emissions • Email marketing campaigns
• Anti-Corruption and Bribery • LinkedIn Emails • Organisational objectives are translated into functional and departmental goals and then
• Digital marketing channels –social allocated to team members as objectives and key results.
media, PR, Google and LinkedIn
advertisements and other • Employees in key departments (manufacturing, maintenance, safety, and HR) are regularly
advertisements informed about sustainability goals through IMS internal audits (every four months) and
• Channel partners external audits (annually).
• Events and exhibitions
• Customer audits, conducted as needed, aligning with sustainability goals and initiatives.

Employees • Employee Safety, Well-Being • Town hall meetings with senior

and Satisfaction management
• Responsible Innovation • Training & development initiatives
• Data Management and • Periodical emails and SMS
Cybersecurity • Power marathons like Hackathons
• Corporate Governance • Digital application for employees
• Training and Development • HR portal
• Human Rights • Employee engagement activities
• Rewards/recognition & appreciation
for performance
• Periodical review mechanism

16 17
 Sustainability Report 2023

At Addverb, materiality assessment shapes our sustainability strategy, in line with Material Relevance Type of Management Approach Alignment with
our vision of technological ecology. The gained insights guide precise strategies Topics Impact SDGs
to address identified concerns. Aligned with GRI standards 2021, we follow GRI
Climate Considering climate change is In the long run, initiatives taken by us for
3, 'Material Topics,' gathering stakeholder inputs to evaluate issues' potential Change and crucial to enhance our reputation integrating sustainable practices on climate
impact on our Company's economic, environmental, and social performance. Emissions
and attract environmentally change can have a positive impact in the
conscious clients. long run. Hence, our goal is to conduct
We focus on disclosing information on these topics to address stakeholder our operations while minimising our carbon
concerns while prioritising impactful sustainability aspects. footprint and mitigating actions that can
contribute to climate change.
Positive Negative
We generate emissions during our We combat climate change by monitoring
Material Relevance Type of Management Approach Alignment with operations, and our primary facilities and reducing our carbon footprint,
Topics Impact SDGs are located in an area with elevated particularly from generators and employee
pollution levels. These emissions also vehicles. We also utilise solar power for our
pose health risks to our employees energy requirements.
and the surrounding communities.
Failure to manage these emissions
Responsible Innovation helps us to stay We continually strive to evolve
properly may lead to regulatory non-
Innovation ahead of the competition, our processes and adopt new
compliance and unwanted health
reduce the cost of technologies to stay relevant in the
impacts for surrounding communities.
technology, and improve industry.
product safety and quality.
Anti- Anti-corruption practices are essential We maintain a strong anti-corruption
for maintaining ethical business stance through a comprehensive Code
Corruption
standards. Any instances of corruption of Conduct, a whistleblower policy, and
and Bribery
can jeopardise our reputation and transparency in related party transactions.
erode the trust of our stakeholders. If We also ensure due diligence in business
Data Data breaches may lead We have implemented a policy
to non-compliance and for information and data security not monitored properly, such practices relationships to uphold ethical standards
Management may even lead to legal disputes.
loss of stakeholder trust. to safeguard our systems against and prevent corrupt practices.
and
MATERIALITY ASSESSMENT

Moreover, our intellectual cyber risks. Oversight of related

Cybersecurity Training and Training and development of We follow a philosophy of ‘Learning by
property (IP) may be matters falls under the responsibility
Development employees is critical to the nature Solving Problems’ to foster the development
jeopardised, potentially of the Chief Information Security
of the industry. Lack of training may of our employees. We conduct various
resulting in business losses. Officer.
lead to poor product quality and training courses aimed at honing the
safety hazards. skills of our employees. We are also
contributing to job creation in the STEM
(Science, Technology, Engineering, and
Mathematics) sector.

Corporate Strong governance We ensure adherence to the

Governance improves our highest standards of corporate Employee Employee satisfaction results in We prioritise employee well-being through
reputation, decision- governance by implementing Well- increased staff retention, heightened various benefits such as health check-ups,
making processes, risk stringent policies and establishing productivity, and a nurturing work employee recognition initiatives, and
Being and
management, and long- committees to oversee all its atmosphere, contributing to overall cultural celebrations, among others, along
term sustainability. It operations. We also make sure
Satisfaction business success. with sports events, contributing to a positive
helps create a culture of that all our employees and value work environment.
integrity, transparency, chain partners are aware of our
and accountability. policy commitments on a ground
level.

Product We operate in a sector We are dedicated to the Human Rights Upholding human rights is a We adhere to all regulatory requirements
moral and legal necessity. Non- related to human rights and have a Code
Safety and where maintaining product consistent delivery of top-quality
compliance may cause severe of Conduct that emphasises an inclusive
standards and quality is products and the enhancement
Quality financial penalties and even and safe workplace, providing equal
essential. Negligence of our quality management
imprisonment for senior leaders. opportunities. All of our employees are
may result in workplace processes, as evidenced by our
treated fairly without any biases and are
hazards. This may result in possession of ISO 9001:2015
provided with equal opportunities to learn
product recalls, lawsuits, certification.
and grow.
and reputational damage.

18 19
GOVERNANCE
CORPORATE

At Addverb, we believe that sound corporate governance forms the basis for
creating a lasting institution that drives sustainable growth and safeguards
stakeholder interests. We adhere to the highest standards of corporate
governance practices based on Indian laws and are aligned with global best
practices that help maintain transparency and accountability, creating value
for all our stakeholders. Our governance structure ensures the separation of
execution and systematic oversight by clearly demarcating the responsibilities
of different stakeholders, including the Board, management, and shareholders,
and providing a compliance and policy framework for transparent reporting,
seamless functioning, and ethical business conduct. We have a diverse Board
that offers a fresh perspective and a resilient policy framework that fosters
integrity, effective leadership, and a proactive risk management approach that
protects us from unforeseen uncertainties, streamlines operations, and drives
sustainable growth.
 Sustainability Report 2023

Our Board of Directors oversees the implementation of optimal corporate Governance Structure
governance, with established committees and policies driving sustainable
growth. The Board conducts thorough reviews of financial and business strategies
ensuring integrity and compliance. Furthermore, we have separated the roles of Board of Directors
the Chairman and CEO, to proactively mitigate conflict of interest, promoting
better governance and accountability.
Facilitate the Fulfilment of Responsibilities
We maintain a list of related parties to identify potential conflicts of interest
proactively. In agenda circulation, we highlight the 'Nature of Interest' to Committees
transparently communicate any conflicts. Stakeholders are informed of
any conflicts through the Annual General Meeting (AGM) notice, ensuring
transparency and disclosure.
At Addverb, we rigorously monitor legal compliance risks via our dedicated tech Nomination & POSH Safety
portal. This platform systematically reports and tracks all requirements, ensuring Remuneration Committee Committee
Committee
comprehensive coverage and minimising oversight of regulatory obligations.
Audit Corporate Social DEI
Committee Responsibility Committee
Committee

Our Nomination and Remuneration Committee (comprising two Independent and one
Non-Independent member) plays a vital role in the appointment of proficient directors with
the aim of establishing a Board featuring diverse backgrounds and experiences pertinent
to our operations. We have a policy for the selection of directors and determining
CORPORATE GOVERNANCE

directors’ independence that serves as a guideline for the NRC Committee. Once the
35 years (approx.) No cases of director is appointed, the subsequent confirmation is contingent upon receiving approval
Average experience anti-corruption from the shareholders. The NRC committee continually reviews the necessary skills,
of the Board and bribery expertise, competence, knowledge, and experience required for the Board as per our
remuneration strategy.

No cases of No cases
non-compliance of critical
with laws concerns

No cases of
conflict of interest

*The POSH, DEI, and Safety Committee operate autonomously and don’t have members from the Board.

22 23
 Sustainability Report 2023

Age Group (in % ) Adherence to Legal Requirements

Our tech portal serves as a platform where our designated employees can access

2 8 information about their compliance obligations. Additionally, our compliance team actively
identifies and addresses company-wide potential risks, instilling a culture of transparency
Independent Non-Executive and accountability. Employees are required to report whether they have completed the
Directors Directors*
compliance requirements on the specified date.

1 1
Executive Director, Non-Executive
who is also a part of Woman Director
22.22% 77.78% the shareholder group

30-50 Over 50
years old years old *Including 2 Independent Directors and 1 Woman director.

Performance Assessment of the Board

At Addverb, routine Board meetings serve as a vital cornerstone, offering a dedicated
platform for thorough discussions and decision-making. Shareholder meetings further
reinforce transparency with our esteemed stakeholders. All the quarterly and annual
statements undergo detailed scrutiny, promoting a comprehensive understanding of our
financial performance and strategic direction. Our strategic initiatives and objectives are
systematically presented to the Board for approval, and the resolutions are circulated
in advance, facilitating thorough discussions on different facets before obtaining final
approvals. We have laid out a well-defined policy for assessing the performance of the
Board, committees, and individual directors, encompassing both Independent and Non-
Executive Directors. The annual performance evaluation process is carried out through an
independent portal, ensuring confidentiality and providing directors with the freedom to
complete evaluations without constraints.

Our Nomination and Remuneration Committee (NRC) conducts the annual performance
evaluation of the Board, committees, and individual Directors on annual basis.
Simultaneously, the Independent Director led the annual performance evaluation of the
Chairperson, Non-Independent directors, and the entire Board. In this process, the Board,
and the committees conduct self-evaluation and submit their evaluation reports to the
Nomination and Remuneration Committee. Following the submission, the NRC consolidates
the evaluation reports and shares them with the Board. The Board then reviews the
performance of each Committee based on the evaluation reports it received. A consolidated
performance evaluation report was subsequently submitted to the Chairman for further
review and feedback from each director, ensuring a comprehensive and constructive
assessment process.

24 25
 Sustainability Report 2023

Policy Architecture
We firmly believe that our success is We believe in creating a lasting business institution by empowering community and healthy
measured not only by our financial planet. Our policies, emphasising inclusivity, transparency, ethics, and responsible practices,
achievements but also our ethical are accessible to employees and supply chain partners. All policies are approved by the
foundations. Our Code of Conduct is Board or the Chief Human Resources Officer (CHRO) and accessible on our HR Portal for
based on our values that forms an employee convenience. Our policies continuously evolve and are reviewed, ensuring they
integral part of our culture and acts remain relevant and effective.
as a north star, enabling employees
across all levels to navigate decisions
Policy on prevention
towards ethical choices and Maternity and
Whistleblower Code of Paternity Benefit and redressal of sexual
responsible actions. It aligns with policy Conduct harassment at the
policy
principles of fairness, honesty, and workplace

respect, forming part of employees'

contracts. It fosters an inclusive
Policy for selection
workplace, incorporating human Corporate Social
of directors and
Policy for appointment Physical &
Responsibility (CSR) of a person in senior Environmental Security
rights best practices to ensure
BUSINESS ETHICS AND INTEGRITY

determining directors’
policy management policy
consideration for at-risk or vulnerable independence

groups.

To keep up with evolving technology Addverb takes the following Remuneration policy for directors, key managerial Policy for performance evaluation of Independent
trends and emerging ethical steps to ensure commitment to personnel, and other employees Integrated Directors, Board, Committees of Board, and other
Management System (IMS) policy Individual Directors
considerations, our Code of Conduct business ethics:
also covers sustainability, data Code of Conduct training via workshops and
modules
privacy, responsible use of AI,
algorithmic bias, and digital risks. Promotes anti-bribery to supply chain partners Access Control Data Privacy Incident Management Asset Management
policy policy policy policy
Secretarial, HR, Legal, and Compliance
Additionally, we have instituted a teams ensure regulatory compliance
‘Vigil Mechanism/Whistleblower Uses technology for transparent expense
Policy’ with the aim of providing a tracking
Human Resource Information Acceptable Usage Information Security
mechanism for the directors and Emphasise fair dealing Security policy Classification policy policy policy
employees of our Company to raise
Manage conflict of interest
concerns in the event of any violations
of legal or regulatory requirements, Vigil Mechanism
Certain policy commitments are publicly accessible. You can view them by clicking on the following link:
unacceptable practices, and instances POSH policy [Link]

of misconduct. We are determined to

provide effective protection for
Ensure transparency and quality in public Risk Management
disclosures
whistleblowers and create a supportive We have a meticulous and forward-thinking approach to identifying, assessing, and
Data Privacy policy
and open work culture where mitigating potential risks that fortify our resilience and pave the way for sustainable growth.
employees are not only aware of how Responsible use of AI, algorithmic bias, and We have standard operating procedures outlining a comprehensive approach to the
digital risks
to report a wrongful action but also identification and assessment of various risks, protecting stakeholders from potential financial
have confidence in the reporting Anti-corruption policy risks, and instilling confidence in our functioning. All the respective departments in our
procedures. Whistleblower policy Company remain vigilant and pay close attention to the risks that may arise in functioning
within their specified scope.
To know more about our vigil mechanism, click here. [Link]
[Link]

26 27
SUSTAINABLE FUTURE
PIONEERING A

At Addverb, environmental conservation is not just a choice but a legacy

that we craft for the planet, its ecosystem, and the generations to come. As a
company manufacturing and deploying robots and automation systems, we
understand our direct and indirect environmental impacts and, hence, strive to
integrate sustainability principles into the way we operate.
 Sustainability Report 2023

Addverb is committed to curbing emissions through comprehensive monitoring and Managing Emissions
effective reduction measures. We've developed green belts and plantations to
Given the harmful impact of human activities
maintain ecological balance and enhance ecosystems. Energy efficiency is
and urbanisation on the environment,
increased through efficient equipment and proactive maintenance, with solar
monitoring and reducing carbon footprint
energy meeting our in-house energy needs. Our robots and automation systems
has become increasingly vital. Rise in
consume less energy and have longer battery cycles, minimising environmental
greenhouse gas emissions, driven by fossil
impact.
fuel burning and industrial processes, hastens
Water conservation is also paramount to us. We've implemented water climate change, leading to challenges like
harvesting systems, STPs, and ETPs to recycle and repurpose water. Additionally, rising temperatures and extreme weather
a bioretention pond is in place for recharging groundwater and flood prevention. events. Realising this, we've initiated efforts
Effective waste management is a pressing challenge, affecting the environment to reduce our carbon footprint. We monitor
PIONEERING A SUSTAINABLE FUTURE

and causing pollution. At Addverb, we've developed a thorough waste GHG emissions from both direct and indirect
management strategy. Our e-waste is managed by authorised vendors, and we sources, including goods and services
implement eco-friendly packaging by repurposing shredded wastepaper. acquisition, waste management, and
employee travel. This evaluation helps us
• Successfully achieved the FY 2022-23 EPR target of 3 metric tonnes. track and mitigate our environmental impact.

• Sources ROHS (Restriction of Hazardous Substances)-compliant and lead-free materials. Particular

CY 2023 CY 2022
(TCO2e) (TCO2e)

• Certified under ISO 14001:2015 for effective environmental management system. Scope 1 1,158.79 1,211.10

• Zero liquid discharge at manufacturing plants. Scope 2 2,148.43 943.27

• The power factor improved from 0.88 to 0.99 over the span of two years. Scope 3 863.96 624.89

• Educate customers and provide necessary information through product manuals for Total Emissions 4,171.18 2,779.26
responsible end-of-life disposal.
Emission Intensity
• Fulfilled 17% and 12% of energy demand from renewable sources during CY 2023 and CY 0.116 0.074
(TCO2e/lakhs)
2022, respectively.

• Embrace sustainable manufacturing practices, encouraging longer product, battery life and Scope 3
CY 2023 CY 2022
waste circularity. (TCO2e) (TCO2e)

Category 1 (Purchase
17.91 12.20
Goods/Services)
Category 2 (Capital
2.31 1.02
Goods)
Category 3 (Fuel
and Energy-Related 365.23 160.36
Activities)
Category 5 (Waste
1.86 2.47
Generated)
Category 6 (Flight
412.20 384.39
Travel + Hotel Stay)
Category 7 (Employee
64.45 64.45
commuting)

30 31
 Sustainability Report 2023

Our carbon footprint increased mainly due to expanding our manufacturing Energy Management
facility and production capacity. Despite this, we've mitigated a significant
Energy conservation is crucial in robotic manufacturing and automation due to its significant
portion through diligent implementation of various measures aimed at
implications. We've integrated energy-efficient technologies across supply chain and
achieving balance. These measures are detailed below:
product lifecycle, reducing environmental footprint to support global climate initiatives.
Combatting Emissions through Restoring Ecosystems using Prioritising green energy sources like solar, our products are designed for maximum output
Solar Power Generation Miyawaki Technique with optimised energy use. Our solutions enable customers to conserve energy and space
We aim to reduce reliance on while maximising output.
traditional energy sources and
Energy Consumption within the Organisation CY 2023 (GJ) CY 2022 (GJ)
minimise our carbon footprint. We
harness the power generated through A. From Renewable Sources (A+B) 3,266.03 1,217.80
solar panels (600 kWh) across our
PIONEERING A SUSTAINABLE FUTURE

Total Electricity Consumption (A) 3,266.03 1,217.80

premises to provide clean energy, We recognise the vital role of native
supporting our commitment to flora and fauna and hence at our Total Fuel Consumption (B) 0 0

'Technological Ecology'. manufacturing facility, Bot-Verse, B. From Non-Renewable Sources (D+E) 15,476.81 9,190.48
we've implemented the Miyawaki
Total Electricity Consumption (D) 9,397.73 4,126.09
technique to create a micro forest of
native tree species. This innovative Total Fuel Consumption (E) 6,079.08 5,064.39

Japanese method mimics natural C. Total Energy Consumption (Renewable and Non-Renewable Sources) 18,742.84 10,408.28
ecosystems, rapidly establishing
D. Energy Intensity (GJ/lakhs) 0.522 0.278
mature forests and attracting diverse
wildlife.
At Addverb, we have been taking various measures to consume less electricity and
implementing practices that save energy within our premises. Some of these measures are:
Efforts Impact Created
Installed energy efficient IE3 standard
Improved power factor from 0.88 to 0.99.
Micro forest induction motors.
2°C
Implemented auto cut timer system and Optimising manufacturing processes.
3,000+ 192,000 Pounds Reduction in ambient temperature
motion sensors for ACs.
Trees planted Carbon absorption The paint shop is run on alternate days
 aintaining AC temperatures at 24°C
M based on the full-day load. The approach
for optimal comfort, energy efficiency, can be extended to other machinery and
0.25 million Pounds + and environmental sustainability. heavy equipment for improved efficiency.
Lawn & periphery tree cover Annual carbon absorption

1,587 79,000 Pounds Implemented Lux controllers to avoid Utilise LED lighting and Energy Star-
unnecessary power consumption on shop certified appliances in our offices.
Trees planted Carbon absorption Habitat to 30+ native species
floors.

Executing preventive maintenance Reduced compressed air consumption

We mitigated 746.65 TCO2e and 278.40 TCO2e of GHG emissions as per monthly charter to minimise through daily checks of air outlet points
equipment breakdown and optimise on the shop floor.
by utilising renewable sources in CY 2023 and CY 2022, respectively. energy use.

Through renewable sources, we were able to meet 17% and 12% of our energy
*EPA's GHG Emission Factors Hub, CEA's CDM - CO2 Baseline Database User Guide Version 19, and Defra have been used for the
purpose of GHG emissions calculations. demand in CY 2023 and CY 2022, respectively.

32 33
 Sustainability Report 2023

Water and Effluent Management

Bioretention Pond
We understand global water challenges like scarcity, depletion, and pollution.
Proactively, we've established sustainable water management, reducing Bot-Verse, Addverb’s manufacturing facility, boasts an
dependence on freshwater through rainwater harvesting by the renowned ‘Rain 800 KL bioretention pond, a groundbreaking solution
Man of India’, Mr. Sekhar Raghavan. for water management. Beyond mere water storage, this
innovation actively aids groundwater recharge, fostering
We recycle water from Effluent Treatment Plants (ETPs) and Sewage Treatment local ecosystems. Moreover, its efficiency in managing
Plants (STPs) for gardening, conserving water and minimising freshwater demand. stormwater runoff ensures a pivotal role in flood
These practices mitigate water-related risks and promote responsible water usage in prevention, exemplifying a new benchmark in sustainable
our operations. manufacturing practices.
PIONEERING A SUSTAINABLE FUTURE

Total Water Withdrawal and Consumption

Treating Effluents Responsibly

Category
CY 2023
(Megalitres)
CY 2022**
(Megalitres)
In CY 2023, we
Efficient effluent management is crucial for
successfully fulfilled 32%
environmental protection and compliance. Our
Water Withdrawal
of our water demand, advanced facilities feature a 15 KL Effluent
(Third-Party)
10.65 6.20
respectively, by utilising Treatment Plant and a 25 KL Sewage Treatment
treated water. Plant, ensuring thorough wastewater treatment.
Water Consumed* 10.65 6.20 Treated water is repurposed for internal
gardening and irrigation, aligning with our
Water Intensity
0.030 0.017
dedication to sustainable water management.
(Megalitres/Crore) This practise supports 183 plants in Bot-Valley
and an additional 1,587 plants in the periphery
*Our Company’s premises are zero liquid discharge premises. of Bot-Verse through resourceful water use.
The data for water withdrawal and consumption is the same.

460 KL
**The drinking water consumed in CY 2022 assumed to be
the same as in CY 2023.

Rainwater harvesting set-up capacity

Rainwater Harvesting
Brilliance:
The Unique Touch of
235 KL 225 KL
Bot-Valley Bot-Verse
India’s Rain Man
Mr. Sekhar Raghavan,
known as the 'Rain
Man of India,' is a 4,670,742 Litres (approx.)
renowned expert in Rainwater harvested
rainwater harvesting for
two decades. He has
exclusively designed Equipped overhead tanks with pump-
our rainwater harvesting controlled water level sensors
systems, bringing his
unparallelled expertise to
the forefront for sustainable Repurposing both process and sewage
utilisation of water. water for gardening purposes

34 35
 Sustainability Report 2023

Waste Management Celebration of the World Environment Day

At Addverb, our waste management Total Waste Generated On 5th June 2023, we commemorated ‘World Environment Day’ under the theme ‘Putting
focuses on designing products and ecosystem restoration on a pedestal’. On this significant occasion, we conducted a range
batteries for extended lifespans, Category (Unit: of activities at our customer sites, including speeches, environmental awareness rallies,
CY 2023 CY 2022
reducing frequent waste generation. Tonnes) and plantation drives.
Preventive maintenance prolongs
system life, minimising hazardous Hazardous Waste 5.659 2.245
waste. We prioritise responsible
sourcing, using non-virgin plastic Non-Hazardous
5.838 2.602
and lead-free alternatives for Waste
environmentally conscious
manufacturing.
PIONEERING A SUSTAINABLE FUTURE

We've established robust waste Total Disposed Hazardous Waste

disposal systems, recording data
during monthly safety meetings.
Category
Quarterly dispatches of hazardous (Unit: Tonnes)
CY 2023 CY 2022

waste to government-approved
vendors ensure proper disposal. Incineration (Without Energy Recovery)
Dedicated waste trolleys facilitate
organised handling, and we hold i. Onsite 0 0

all necessary authorisations for

ii. Offsite 2.016 1.685
hazardous and e-waste from the
Pollution Control Board. Landfilling

i. Onsite 0 0

ii. Offsite 3.493 0.56

Total Disposed Non-Hazardous Waste

Category
CY 2023 CY 2022
(Unit: Tonnes)

Landfilling

i. Onsite 0.018 0.027

ii. Offsite 0 0

Disposal Operations (Except Incineration)

i. Onsite 0 0

ii. Offsite 5.82 2.58

36 37
 Sustainability Report 2023

Addverb works closely with customers to understand their We hold ISO 9000 (Quality Management) certification, in line with our
requirements and challenges, crafting automation solutions that dedication to upholding rigorous quality management practices.
address operational complexities they face and helping them gain a
sustainable competitive advantage. Our customer-centric approach
enables us to delve deeply into understanding customer Driving Innovation through Software Development Centres
requirements, fostering a symbiotic partnership that allows us to
conceptualise and deliver unparalleled automation solutions. We
actively engage with our suppliers to create favourable outcomes for
customers and prioritise innovation in our products.
APPROACH TO CUSTOMER CENTRICITY

SDC in Noida SDC in Pune

The centre focuses on cutting-edge The Software Development Centre (SDC)
enterprise software solutions for our enhances the service network and
expanding robots and automation leverages talent across South and West
systems. The SDC accelerates our software India. It provides various software
development efforts, delivering more value solutions globally and drives innovation.
to global customers.

Partnerships
We strategically align and collaborate with industry leaders, forging powerful partnerships
to develop transformative solutions for our customers. This positions us for sustained success
in the dynamic landscape of modern logistics.

Partners Purpose of the Partnership

We partnered with Kardex to merge our advanced warehouse automation technology

and software with Kardex’s compact storage system expertise. With this synergy, we
have the potential to provide a more efficient and streamlined storage and retrieval
process, optimising overall warehouse operations.

By integrating our automation technology with ABCO’s storage systems, the partnership
This year, we commissioned our second greenfield robot manufacturing factory, aims to deliver top-tier warehouse automation solutions with a focus on the consumer
goods industry.
'Bot-Verse,' in India. One of the largest mobile robot manufacturing facilities
globally, it spans 60,000+ sq. m. Bot-Verse is a lean, green and digital
manufacturing facility, featuring solar-powered production, energy efficiency, Our partnership with Zion aims to provide innovative solutions for full-service supply
and water conservation initiatives like a bioretention pond and a micro-forest. chain integration, enhancing visibility, efficiency, and overall performance.
Employee well-being is prioritised with on-premises childcare, open spaces,
and ergonomic workstations. The factory was inaugurated by the Honourable Our partnership with Element Logic is directed towards providing accessible end-to-end
Chief Minister of Uttar Pradesh, Shri Yogi Adityanath. warehouse automation solutions, achieved through the integration of automated storage
systems with mobile robots.

38 39
 Sustainability Report 2023

Approach to Cybersecurity
and Data Privacy Solving Customer Grievances
At Addverb, data security is paramount. We provide comprehensive support Features of Customer Service Support
We maintain a detailed Information and throughout our product's lifecycle,
Data Privacy Policy, and hold ISO 27001 providing a high-quality customer
Well-trained customer service
certification for information security experience. Customers can raise
professionals
management. Routine security audits, grievances through multiple channels
active firewall, and cybersecurity systems, like our Computerised Maintenance
along with a crisis management plan, are Management System, calls, or site support
in place. Oversight is handled by the teams. These complaints are routed to our
Chief Information Security Officer, expert service team via a tech platform for 24/7 customer support involving
ensuring robust protection.
APPROACH TO CUSTOMER CENTRICITY

prompt resolution. three levels—L1, L2, and L3 teams

Faulty spare parts under warranty are

managed by our customer excellence
We also focus on the following
team, providing replacements and
areas to achieve our cybersecurity Harnessing technology platforms
arranging engineer visits as necessary.
goals: and data analytics for customer
Residential support contract holders insights and informed decision-
• Conducting comprehensive risk receive solutions from the OSS team. making
assessments Any dissatisfaction with spare parts is
addressed by our Company's spare
• Implementing robust data parts team.
encryption protocols Conducts preventive maintenance
Issues can escalate per the provided and site audits for equipment
• Enforcing strict access controls longevity and performance
matrix, ensuring clear paths to resolutions.
• Providing employee security
awareness training

• Conducting regular audits and Prompt onsite assistance for technical

assessments issues or service requirements

• Securing third-party collaborations

• Leveraging advanced security

technologies After-sales customer support portal
with real-time support tracking,
• Establishing robust monitoring and site performance monitoring, and
logging practices convenient spare parts access

Moreover, we consistently conduct

customer surveys to gather valuable
insights, ensuring ongoing improvement
There have been no
and enhancement of our services.
instances of data breaches
during the reporting period.

40 41
HUMANS OF ADDVERB
NURTURING

Addverb dedicates considerable thought, time, and effort to creating an

inclusive workplace for its employees. We strongly advocate for a positive
‘Work-Life Integration,’ acknowledging the substantial time employees spend
at the workplace. To cultivate talent and innovation, we have shaped our
policies, practices, and philosophies to establish a culture grounded in passion,
courage, and people connect.
 Sustainability Report 2023

We prioritise diversity, inclusion, and employee well-being through initiatives

and committees. Learning and development are continuous with tailored
journeys and collaborations with platforms like Harappa Education, THORS,
and Udacity. We also support employees' higher education opportunities. 22% 720 95%
Female workforce Total employees Employees aged less than or
Employee Profile# equal to 40 years

Category CY 2023 CY 2022

Local Employees 718 700

25.94 46.13
Average training hours per Average training hours per
Foreign Employees 2 0
employee in CY 2023 employee in CY 2022
# The employee profile data is linked to Addverb India employees only. In Addverb's international subsidiaries, there are a
total of 41 employees.

Addverb’s Human Resource 18,457.51 26,201.22

NURTURING HUMANS OF ADDVERB

Total training Total training

Prioritising occupational hours in CY 2023 hours in CY 2022
Imbibing a culture of appreciation
health & safety
Provides monetary and non-monetary
rewards across various categories: • Established a safety committee
• Rookie of the Year Award • Performs Hazard
• Dream Team
Identification and Risk
Assessment (HIRA) across all
100% No cases of fatalities have
occurred as a result of
• Sidekick Salute processes Eligible employees received performance
work-related injuries.
• Wall of Fame • Encourages reporting of and career development reviews
• Bazinga (Extraordinary potential unsafe events and
Win Award) conditions

Addressing employee Encouraging professional

grievances and maintaining development
transparent communication
Adheres to the ‘Learning by
• Quarterly CEO communication Solving Problems’ approach
and monthly departmental • Provides opportunities for
communication by HODs, its employees to apply their
providing an open forum for learnings
employees • Promotes continuous learning
• Established employee grievance by encouraging employees to
portal take up professional courses
from institutes like BITS, Pilani
• Nominates employees for
executive courses from
Enhancing employee satisfaction renowned institutes like
ISB,IIM, XLRI
• Takes the initiative spanning areas like
celebrations, employee well-being, and
benefits

*The Human Resources data only comprises employees associated with Addverb Technologies Limited based in India.

44 45
 Sustainability Report 2023

Employee Diversity Developing a Future-Ready Workforce

Talent attraction and retention are our top priorities as we aim to bring excellent minds on
Male Female board. Our diverse team, known as 'Humans of Addverb' includes individuals from
various backgrounds. We recruit from prestigious institutes like IITs, NITs, and IIMs,
providing autonomy and assigning key projects to enhance skills. With a flat
organisational structure, junior and middle management collaborate with senior
CY 2023 CY 2022 leadership, fostering career growth.
Gender Diversity • Encouraging professional development for ‘Humans of Addverb’

Percentage 78% 22% 75% 25% • Adhering to the fundamental philosophy for employee development:
‘Learning by Solving Problems.’
NURTURING HUMANS OF ADDVERB

Employee Diversity Per Employee Category

Initiatives that reinforce the approach:
• Our Super Manager and LEAD programmes, tailored for first-time and seasoned
Gender Diversity managers respectively, span a 3–6-month journey. Participants apply their learning and
share transformative experiences with top management, gathering feedback from FH/
CY 2023 CY 2022 HoD to solidify observed changes in behaviour.
Category
• We offer Root Cause Analysis (RCA) training. Following the training, participants choose
a live problem, conduct a comprehensive RCA using the 8D methodology taught in the
class, and then present their findings to their Head of Department (HoD).
Board of Directors 100% 0% 100% 0%

Managerial Team
90% 10% 93% 7%
(CM & Above)

Executive Team 76% 24% 73% 27%

Age Diversity

CY 2023 CY 2022

Category
</=40 >40 </=40 >40

Board of Directors 0% 100% 0% 100%

Managerial Team
59% 41% 63% 38%
(CM & Above)

Executive Team 98% 2% 99% 1%

*The Human Resources data only comprises employees associated with Addverb Technologies Limited based in India.

46 47
 Sustainability Report 2023

Progressive Measures for Employee Delight Employee-Centric Benefits

• Efficient induction for new employees to
familiarise them with our Company. Bi-annual and yearly preventive
Health & Life Insurance
health check-ups.
• Structured confirmation process for
enhanced stakeholder interaction in the
initial year of employment.
Transportation from and to factories Long-term service recognition
• A comprehensive, well-crafted benefits
package aligned with employee life stages.

• Recognition scheme covering top-down, Marriage Benefit Scheme Flexible schedules and open workstations
peer-to-peer, and team acknowledgements, (We cover the travel expenses for (Employees have the flexibility to choose
with special recognition for long-tenured employees and their spouses on their their workspace within a designated office
employees' outstanding contributions. first trip within a year of marriage while area irrespective of designations.)
employed.)
NURTURING HUMANS OF ADDVERB

• Festival celebrations and departmental

parties.
Dedicated transport for expecting Scholarship for higher education
• Organisation of sports events, providing mothers
employees an additional avenue to bond.

• Structured performance management

system provides regular feedback to Extended Maternity leave Creche facility at Bot-Valley and Bot-
facilitate professional growth. Verse

• Employees’ family members have the

opportunity to visit the workplace.
Commitment to Human Rights
Addressing Employee Concerns Head-On We prioritise dignity, respect, and fairness for all individuals. Our commitment to human
We offer open communication channels for employees to voice concerns. rights is embedded in our Code of Conduct. We are an 'Equal Opportunity' employer,
Quarterly CEO and monthly HOD communications provide forums for discussion. providing fair opportunities regardless of background. We operate within legal
Employees can share concerns via the grievance portal, handled by HR. frameworks to ensure compliance.

48 49
 Sustainability Report 2023

Ensuring the safety of our workforce is a top priority, and we actively cultivate a We adhere to an Occupational Health Hazards are identified on an activity-
secure working environment with a dedicated safety committee and emergency & Safety Management Policy, which specific basis, with controls prioritising
response plan maintaining a secure working environment. also includes inputs from employees for Elimination, Substitution, Engineering,
continuous improvement. Our Integrated Administrative Controls, Personal Protective
Roles and Responsibilities of Safety Committee Members: Management System aligns with ISO Equipment (PPEs). To reduce fume exposure
45001:2018 standards. during processing, we've installed a dual
• Assisting and cooperating with management in achieving the aims and fume absorber and air purifier system.
objectives outlined in the IMS Policy. We conduct regular Hazard
Identification and Risk Assessment QR codes for reporting unsafe events are
• Providing a consultative and supportive platform for field staff and contractors
(HIRA) across all processes to prioritise visible throughout the facility, with monthly
on safety issues.
employee safety. HIRA undergoes regular analyses discussed in safety committee
reviews and updates as needed. meetings for timely resolutions.

• Annually We conduct yearly medical cheque-ups for

employees and provides access to a 24/7
• Following recurring near-miss incidents
Occupational Health Centre on-site for
OCCUPATIONAL HEALTH & SAFETY

• Upon the commencement of new products/ weekly doctor consultations.

processes or alterations to existing
processes/products

• In the event of accidents and emergency Category CY 2023 CY 2022

conditions
Number of high-
• Promptly in response to adverse feedback consequence
6 0
from statutory authorities or interested work-related injuries
parties (excluding fatalities)

• Reviewing operational safety procedure, safety PPE and devices.

• Discussing health, safety, and environmental issues at work that may require
improvement or corrective actions collectively.
• Carrying out health & safety inspections to identify causes of accidents.
• Promoting educational, training, and safety promotion programmes.
• Encouraging near-miss and unsafe event reporting.

50 51
 Sustainability Report 2023

SQUADRON with Heterogeneous Swarm Technology

Implemented for autonomous navigation and SLAM localisation in swarm multi-rotors,
Contribution to STEM Education
Squadron showcases coordinated motion enhanced by computer vision, mapping
Encouraging tomorrow’s innovators to address real-world algorithms, and efficient task-distributed decision-making. Its applications span a wide
range.
challenges using engineering and technology.
Recognising the significance of STEM education and its transformative impact
on the real world, we actively promote it by sponsoring and co-sponsoring
diverse initiatives and events. These endeavours aim to inspire and reward
student innovations in engineering and technology, contributing to the continual
improvement of our world.

Partnership with Vishwakarma Awards

We have entered into a partnership with Vishwakarma Awards, an annual event by the
Maker Bhavan Foundation that recognises exceptional student innovations in the fields of
water and sanitation, clean technology, and smart mobility. The aim is to inspire and reward
students from Indian STEM colleges to develop scalable solutions that address real-world
challenges and bolster India’s economy.
A couple of the notable innovations that we have helped to facilitate are:

ROV-Remote-Operated Underwater Vehicle

It is a tethered robot that can explore aquatic environments and transmit data and
video back to us. It can be used to inspect, repair, or sample underwater structures and
ecosystems, or just have fun exploring the depths of a lake or ocean. Sponsorships of IIT Delhi’s Event ‘Robocon’
We sponsor DD Robocon India, powered by IIT Delhi, a prestigious event in the Asian-
Oceanian college robot competition supported by the Asia-Pacific Broadcasting Union. Our
aim is to inspire young engineers and innovators in India, fostering their passion for robotics
and practical skills. Through this sponsorship, we contribute to shaping India's future robotics
ecosystem.

52 53
 Sustainability Report 2023

Addverb Technologies Limited has reported the information cited in this GRI GRI
GRI Index content index for the period from 1st January, 2023 to 31st December, 2023 DISCLOSURE LOCATION
STANDARD
with reference to the GRI Standards.

2-20 Process to determine remuneration 27

2-22 Statement on sustainable development

GRI 14-15
DISCLOSURE LOCATION strategy
STANDARD

GRI 2: General 2-23 Policy commitments 27

2-1 Organisational details 4-13
Disclosures
2021
2-2 Entities included in the organisation’s 2-24 Embedding policy commitments 27
Approach to Reporting
sustainability reporting

2-25 Processes to remediate negative impacts 41,48

2-3 Reporting period, frequency and contact point Approach to Reporting

2-26 Mechanisms for seeking advice and raising

Not applicable as this is the first 26
2-4 Restatements of information concerns
Sustainability Report.

This Report is not externally 2-27 Compliance with laws and regulations 25
2-5 External assurance
assured.

2-6 Activities, value chain and other business 2-29 Approach to stakeholder engagement 16-17
4-7
relationships

GRI 3: Material 3-1 Process to determine material topics 18-19

2-7 Employees 42-52
Topics 2021
GRI CONTENT INDEX

3-2 List of material topics 18-19

2-9 Governance structure and composition 23,25

2-10 Nomination and selection of the highest 3-3 Management of material topics 18-19
23
governance body

GRI 201:
2-11 Chair of the highest governance body 22 Economic 201-2 Financial implications and other risks and
18-19
Performance opportunities due to climate change
2016
2-15 Conflict of interest 22
GRI 205: Anti- 205-3 Confirmed incidents of corruption and
22
2-17 Collective knowledge of the highest Corruption 2016 actions taken
22
governance body
GRI 206: Anti-
206-1 Legal actions for anti-competitive behaviour,
2-18 Evaluation of the performance of the highest Competitive 22
25 anti-trust, and monopoly practices
governance body Behavior 2016

GRI 302: Energy

302-1 Energy consumption within the organisation 33
2-19 Remuneration policies 27 2016

54 55
 Sustainability Report 2023

GRI GRI
DISCLOSURE LOCATION DISCLOSURE LOCATION
STANDARD STANDARD

302-3 Energy intensity 33

GRI 401: 401-2 Benefits provided to full-time employees
Employment that are not provided to temporary or part-time 49
2016 employees
302-4 Reduction of energy consumption 33

302-5 Reductions in energy requirements of 403-1 Occupational health and safety

33 GRI 403:
products and services 50-52
Occupational management system
Health and
GRI 303: Water Safety 2018 403-2 Hazard identification, risk assessment, and
303-1 Interactions with water as a shared resource 34 51
and Effluents incident investigation
2018
303-2 Management of water discharge-related 403-4 Worker participation, consultation, and
34-35 51
impacts communication on occupational health and safety

303-3 Water withdrawal 34 403-8 Workers covered by an occupational

All the workers are covered.
health and safety management system

303-4 Water discharge 34 403-9 Work-related injuries 51

303-5 Water consumption 34 GRI 404: 404-1 Average hours of training per year per
45
Training and employee
Education 2016
GRI 305:
305-1 Direct (Scope 1) GHG emissions 31 vskills and transition assistance programs 47
Emissions 2016
GRI CONTENT INDEX

305-2 Energy indirect (Scope 2) GHG emissions 31 404-3 Percentage of employees receiving regular
45
performance and career development reviews

305-3 Other indirect (Scope 3) GHG emissions 31 GRI 405:

Diversity
405-1 Diversity of governance bodies and
and Equal 25, 44-46
employees
305-4 GHG emissions intensity 31 Opportunity
2016

GRI 306: Waste 306-1 Waste generation and significant waste-

36-37 GRI 418: 418-1 Substantiated complaints concerning
2020 related impacts
Customer breaches of customer privacy and losses of 40
Privacy 2016 customer data
306-2 Management of significant waste-related
36-37
impacts

306-3 Waste generated 36

306-5 Waste directed to disposal 36

56 57
 India (Headquarter)
Addverb Bot-Valley, Plot No.5
Sector - 156, Noida
Uttar Pradesh - 201 310
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