Climate Change Data

Environmental Metrics

ESG Focus Areas

• Energy & Emissions
• Environmental
• Employment
• Occupational Health & Safety
• Training & Education
• Anti-corruption
• Supplier Responsibility
• Stakeholder Engagement

Environmental Achievements

• Switched to 100% green sources for electricity in Mavenir-operated facilities.
• 79% decrease in travel due to the pandemic.

Social Achievements

• Organized vaccination drives in key employee locations in India.
• Supported several causes and initiatives through CSR Program Charter 2020-2021 (NGO Thuvakkam, Goodera, Bhumi, Akshara Foundation).

Governance Achievements

• Enforces a zero-tolerance policy for bribery or corruption; all staff receive annual anti-corruption training.
• Maintains ISO 45001 certification in UK location.

Climate Goals & Targets

Environmental Challenges

• Limited control over electricity sources in third-party-operated facilities.
• Diesel generator use increased due to power outages.

Mitigation Strategies

• Working with facility managers to impact electricity consumed and its source.
• Using Energy Star rated equipment.
• Utilizing server virtualization to reduce energy consumption and e-waste.

Supply Chain Management

Responsible Procurement

• Mavenir Code of Conduct for Suppliers (includes clauses on human rights, health and safety, environmental practices, child labor, and forced labor).

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core Option

Certifications: ISO 45001 (UK location)

Sustainable Products & Innovation

• Mavenir solutions are fully compatible with virtualized hardware and platforms, bringing significant environmental benefits.

Environmental Metrics

ESG Focus Areas

• Employee wellbeing
• Community involvement
• Environmental performance
• Diversity, Equity and Inclusion
• Anti-corruption
• Energy consumption
• Greenhouse gas emissions
• Employee retention
• Occupational health and safety
• Training and education
• Non-discrimination
• Child labor
• Forced or compulsory labor

Environmental Achievements

• Increased use of renewables in operations
• Lowered carbon intensity
• All new equipment is Energy Star rated
• Mavenir solutions are fully compatible with virtualized, containerized and cloud based platforms, reducing e-waste, energy consumption and data center footprint

Social Achievements

• Launched MAVcares global giving program
• Launched Mavenir’s New Joiner Corner virtual onboarding program
• Launched a course for all global employees on Unconscious Bias
• Introduced an Enhanced Referral Bonus for diverse candidates
• Reduced voluntary attrition rate from Q1 (4.49%) to Q4 (3.34%)
• Provided comprehensive healthcare benefits, parental leave, and retirement planning
• Offered wellness programs including fitness programs, mental health support, and stress management resources

Governance Achievements

• Enforces a zero-tolerance policy for bribery or corruption
• All staff and contractors complete annual anti-corruption training
• No unaddressed incidents of corruption identified
• Maintains ISO 45001 certification in UK location
• Regular management-system assessments, internal and third-party compliance audits and inspections

Climate Goals & Targets

Environmental Challenges

• Limited control over electricity sources in third-party facilities
• Tracking supplier energy consumption and GHG emissions
• Attrition rate of 16.3%

Mitigation Strategies

• Working with facility managers to impact electricity consumed and source
• Planning to track supplier energy consumption and GHG emissions in 2023
• Implementing enhanced career development programs, improved work flexibility, and regular performance conversations to reduce attrition

Supply Chain Management

Responsible Procurement

• Mavenir Code of Conduct for Suppliers (includes clauses on human rights, health and safety, and environmental practices)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, UN Global Compact

Certifications: ISO 45001 (UK location)

Sustainable Products & Innovation

• Cloud-based systems, containerization, and other technologies to optimize customer energy consumption

Awards & Recognition

• 2022 Tech Cares Award from TrustRadius
• 2022 Finalist for Ragan’s Workplace Wellness Awards (Diversity, Equity and Inclusion; Environmental, Social and Governance; and Learning & Development)

Environmental Metrics

ESG Focus Areas

• Energy & Emissions
• Diversity & Inclusion
• Employee Well-being
• Supply Chain Responsibility
• Governance

Environmental Achievements

• Increased renewable energy use in operations to 51%
• Reduced Scope 1 & 2 emissions (aspirational target: 20% reduction by 2030)
• Reduced Scope 3 emissions (aspirational target: 20% reduction by 2030)

Social Achievements

• Launched 7 global Employee Resource Groups (ERGs)
• Implemented an Enhanced Diversity Referral Bonus program
• Launched Diversity, Equity, and Inclusion (DEI) training
• Voluntary attrition rate of 8.44% (decreasing trend throughout the year)
• USD 100,000 pledge to match employee donations to various charities through MAVcares program
• Approximately 600 employees participated in 36 company-sponsored Giving Day events

Governance Achievements

• Established a robust ESG committee with executive sponsorship
• Zero tolerance policy for bribery or corruption with annual anti-corruption training for all staff and contractors
• No unaddressed incidents of corruption identified

Climate Goals & Targets

Environmental Challenges

• Limited control over electricity sources in third-party-operated facilities
• Increase in GHG consumption due to increased hardware sales (partially due to third-party products)
• Attrition rate of 8.44%

Mitigation Strategies

• Working with facility managers to impact electricity consumed and its source
• Switching to green suppliers for electricity where Mavenir owns and manages facilities
• Working with suppliers to reduce GHG consumption per item sold
• Planning enhanced functionality in Mavenir Radio sales to improve efficiency and reduce electricity required
• Implementing enhanced career development programs, improved work flexibility, and regular performance conversations to reduce attrition

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Over 2,000 active suppliers managed through economic and efficient management of the flow of goods and services, as well as effective screening processes
• Supplier diversity included in management process
• Mavenir Code of Conduct for Suppliers reinforces stance against child labor and forced labor

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 45001 (UK location)

Third-party Assurance: Informal verification by consultants; external verification to ISO14064-1 planned

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Cloud-based systems, containerization, and other technologies to optimize customer energy consumption

Awards & Recognition

• 2023 Tech Cares Award from TrustRadius
• Ragan Workplace Wellness Award