Addverb publishes its 2023 sustainability report which details the company’s journey towards technological ecology

Class in: Science and technology, Transportation
Topics : Accounting, ESG

• Extended Producer Responsibility (EPR) target for the 2022-2023 financial year set at 3 metric tonnes successfully achieved
• Satisfying 17% of energy demand from renewable sources in calendar year 2023
• Power factor improvement from 0.88 to 0.99 over two years

NOIDA, India, May 1, 2024 /PRNewswire/ — Addverb, a global leader in robotics and automation, releases its first sustainability report titled Technological Ecology. The report is produced in accordance with GRI universal standards and integrates environmental, social and governance (ESG) factors, highlighting Addverb’s unwavering dedication to sustainability and commitment. Reporting on initiatives carried out between January 1 and December 3, 2023, the report highlights Addverb’s commitment to technological ecology, aiming to reduce ecological impact while contributing to the well-being of the planet.

The report can be viewed on the Company Website.

Commenting on the release of the report, Mr.Sangeet Kumar, Co-Founder and Managing Director, Addverb, said: Addverb harnesses solar energy, uses energy-efficient machines and integrates lean manufacturing practices to reduce greenhouse gas (GHG) emissions and promote responsible energy consumption. Our vision goes beyond creating products to integrate sustainability into all our design and manufacturing processes, with an emphasis on ecological balance and technological advancements.

Addverb is committed to mitigating environmental impact through proactive measures and innovation, including strategic tree planting initiatives, cultivation of green belts for ecological restoration, sustainable water management practices focused on recharging aquifers, and promoting an inclusive work environment through diversity, equity, and inclusion (DEI) initiatives.

This report reflects Addverb’s unwavering dedication to sustainability, innovation and responsible business practices. By prioritizing environmental management and social responsibility, the company continues to pave the way for a greener and more sustainable future.

About Addverb

Founded in 2016, Addverb offers end-to-end robotics solutions for warehouses and industrial automation. Addverb is based in India, with R&D facilities in India and the USA, and subsidiaries around the world, including Australia, Singapore, the Netherlands and the USA. Its fleet of automated robots and material handling technologies, along with the integration of in-house systems and software solutions, improves the efficiency and accuracy of warehouse operations.

Addverb provides tailor-made automation solutions, with its self-manufactured products and a broad portfolio consisting of autonomous mobile robots, sorting robots, automated storage and retrieval systems and order picking technologies, powered by software. ‘business; with a range of over 350 clients such as Coca-Cola, PepsiCo, Unilever, Reliance, DHL, Amazon, ITC, to name a few.

For more information, visit:www.addverb.comor contact[email protected].

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