AD&V's 2023 Impact Report

A MESSAGE FROM OUR TEAM

At AD&V®, we believe that positive impact begins from within. In 2023, our focus remained on fostering a vibrant company culture and nurturing our team members' personal and professional development.

To nurture a thriving work environment, we continued to build upon the strategies initiated over the previous year. Our office expansion allowed us to introduce AD&V® [U] weekly sessions in our AD&V® Classroom. These sessions provided a platform for team members to share their passions and expertise, exploring a wide array of topics –from generative AI to the joy of color theory. It encouraged knowledge sharing and helped us grow as communicators, a crucial skill for effective collaboration.

Our classroom became a hub for industry and non-industry events alike, extending unique learning opportunities to our team. For instance, we hosted a weeklong Real Estate course for University of Notre Dame students, granting our team access to industry leaders and valuable knowledge. Panels on Food Sustainability, Ideas for a Better Puerto Rico, and the Sustainable Development Goals further expanded our horizons and allowed us to broaden our perspectives

One of the year's highlights was hosting an exclusive speaker series, where an ex-governor of Puerto Rico engaged in an inti

intimate panel and Q&A session with our team. This special event brought us closer to the heart of public service leadership and allowed us to learn from real-life experiences.

To provide opportunities to deepen team bonds and camaraderie, we introduced the AD&V® Field Day, an event that left lasting impressions. Dividing our team into red and blue teams, "Team Ketchup" and "The Sharks," we engaged in relays, obstacles, and team-building games, followed by moments of shared laughter and connections. This event was so well-received that it will now become an annual tradition.

Our commitment to health and wellness continued to flourish with AD&V® Workouts. Yoga classes held on our terrace became a weekly ritual, offering team members a chance to invest in their well-being. Additionally, a team member's initiative led to a weekly workout class, enabling a more active lifestyle for those interested. These initiatives, encouraged and made more accessible through our health and wellness allowances, remind us of the importance of a healthy work-life balance.

We organized the AD&V® Earth Month Thrift Shop and Green Carpet event to pursue more sustainability awareness. This unique initiative educated our team on the

perils of fast fashion and promoted more sustainable practices. By swapping merchandise for community service commitments, we made sustainability accessible and fun. The positive feedback we received reinforced our commitment to repeat this initiative in the years to come.

We also revamped our Onboarding Program, providing comprehensive support and training to new team members. This program ensures a seamless integration into our team and sets our new colleagues up for success. The feedback from our new team members who benefited from the month-long onboarding program has been overwhelmingly positive.

As we look back on the year, we see a journey of growth, learning, and camaraderie. Our team's development is integral to our collective success, and together, we continue to positively impact people's lives, starting with ourselves. We also invite you to commit to growth and development because, at AD&V®, we believe that investing in our team's potential is the first step towards creating a better world.

Thank you for being a part of our growth year, and we look forward to the exciting journey ahead.

ABOUT AD&V®

We want to positively impact people’s lives by designing Places of Purpose.

We are Puerto Rico's largest architecture and interior design firm with over two decades of experience dedicated to creating spaces that have a positive impact on people's lives. Every one of our projects is a fusion of creativity, functionality, and a profound understanding of people's needs. Our ‘insideout’ approach enables us to create a happier, healthier, and more engaged society that is also productive, resilient, connected, and empowered.

Our clients are partners, trusting in our expertise for timely, budget-focused projects that are shared visions, not imposed styles, with collaboration at our core. With this mindset, we are driven by the desire to transform lives, culture, and the world.

Our focus is multifamily, hospitality, and institutional work We serve our clients from offices in San Juan and Miami.

2023 IMPACT REPORT

In the mosaic of the 21st century, when the world confronts monumental challenges and embraces unparalleled opportunities, sustainability emerges as the guiding principle for our collective journey. It is a principle that extends its arms to encompass the entirety of our existence on this planet a planet grappling with disparities in opportunities and wealth, gender inequities, and the relentless depletion of natural resources. Although formidable and overwhelming, these challenges are met with a chorus of possibilities that beckon us toward transformative change.

As a unifying framework, sustainability lies at the heart of our response to this intricate, interconnected world. At its core, sustainability signifies the delicate dance of humanity with the Earth we call home. It is a multifaceted endeavor that transcends environmental considerations, encompassing the pillars of social equity, economic resilience, and responsible governance.

In this annual Impact Report, we delve deep into the narratives and data that underscore the ripple effects of our actions. It is within these pages that we bear witness to the tangible outcomes of our endeavors whether we are individuals, organizations, or part of a global community.

Our stories are intertwined, reflecting our collective responsibility in shaping the future.

One profound facet of this narrative is Small and Mediumsized Enterprises (SMEs) play a pivotal role in sustainability. SMEs are the lifeblood of economies, often serving as the backbone of local communities and global supply chains. Their significance extends beyond size; it lies in their agility, innovation, and capacity to enact change swiftly.

As SMEs navigate the uncharted waters of 2023, they bear the weight of a dual responsibility. We must all steer our operations towards greater sustainability while contributing to broader global efforts. The choices we make have the potential to not only shape our destiny but also influence the trajectory of entire industries and regions.

In the following pages, we invite you to accompany us on another chapter of our sustainability journey, bearing in mind our role as an SME in Puerto Rico. Together, we can navigate the currents of change, illuminate the path forward, and harness the power of collective action. In sustainability, we find a way forward and a promise of a world where humanity and the planet thrive.

SHARED KNOWLEDGE

OVERVIEW

We believe in a culture of constant growth. We want our team to keep growing both personally and professionally to reach their maximum potential To encourage this, last year, we developed several initiatives and lifelong learning opportunities for our team members. Throughout the year, 2,885.5+ cumulative hours were invested in personal and professional development.

AD&V® [U]NIVERSITY

KEEP GROWING

PROFESSIONAL DEVELOPMENT BENEFIT ENGAGEMENT

CHRISTOPHER KELLEY LEADERSHIP DEVELOPMENT PROGRAM

ARE STUDY GROUP PROGRAM

AD&V® BOOTCAMP

POST-MORTEMS

SUPPLIER PRESENTATIONS

AD&V®

AD&V® INTERNSHIP PROGRAM

AD&V® SHADOWING PROGRAM

AD&V® [U]NIVERSITY

The AD&V® team actively participated in 23 AD&V® [U] sessions, which accounted for an investment of 337 cumulative hours of personal and professional development This initiative facilitated the exploration of various topics across a diverse range of subjects. Team members were invited to conduct sessions, providing the rest of the team with unique opportunities to connect with one another and continue their personal and professional development and growth.

POST-MORTEMS

We conducted two Post-Mortem Sessions that accounted for a total of 70.5 cumulative hours of professional development These sessions served as informal learning workshops focusing on two recently finished projects: Casa Candina and Residence Inn by Marriott. During these sessions, our team engaged in a retrospective analysis of the projects, discussing progress, challenges faced, and identifying best practices for future projects. This provided an excellent opportunity for team members to gain insights into each project, especially for those who did not participate in the design process from the outset a practice we consider fundamental.

SUPPLIER PRESENTATIONS

We enriched our team's knowledge last year through three dynamic supplier presentations that enabled them to broaden their knowledge and delve deeply into each supplier's practices. These presentations empower our team to incorporate such learnings into their design practices, cultivating a more informed and strategic approach. We collaborated with:

1. LDA Incorporado: An experienced manufacturer and representative supplying lighting, controls, and electrical products for prominent structures in Puerto Rico.

2. GLENN International, Inc.: Leading supplier of renewable energy, electrical, lighting, and telecom equipment for the Caribbean and Central America.

3. Skyfold Inc.: A leading company in the vertically folding retractable wall industry, specializing in acoustic solutions.

A total of 30 AD&V® Team Members took part in these sessions, contributing to a combined 65.8 hours of professional development

3 PRESENTATIONS 58% 42%

65.8

AD&V® [U] SPECIAL SERIES

Last year, we launched our guest speaker series featuring prominent Puerto Rican figures, exclusively for our AD&V® team members

For the first session, we invited former governor of Puerto Rico Sila M. Calderón. She spoke with our Co-Founder Ricardo Álvarez-Díaz about her latest memoir, her challenges as a female leader, and the lessons learned. The entire team participated in this speaker series, which accounted for a total of 57 cumulative hours of professional development.

This speaker series is one of the many exclusive benefits that we offer our AD&V® team members. It's a unique opportunity to enhance the personal and professional development of our team members.

KEEP GROWING

In collaboration with UPTURN, our Human Resources consulting firm, we participated in a series of sessions that contributed to our team members' professional and personal growth. A total of 687 hours were invested in this initiative and the sessions included the following:

• Equipos con Propósito: Sessions that motivate our team to recognize that their work is connected to a deeper purpose.

• Supervisión con Propósito: Sessions that provide our supervisors with the tools they need to develop their emotional intelligence and skills to help their team members perform better and grow.

• Leadership Academy: Sessions that build the capacity of our leadership team and enable them to develop emotional intelligence as well as leadership skills to help the team and the firm thrive.

278 EQUIPOS CON PROPÓSITO HOURS

313 SUPERVISIÓN CON PROPÓSITO HOURS

96

LEADERSHIP ACADEMY HOURS

687

CUMULATIVE HOURS INVESTED

PROFESSIONAL DEVELOPMENT BENEFIT ENGAGEMENT

We continued to provide our team members with an allowance to invest in Professional Development. Last year, a total of 22 team members took advantage and benefitted from our Professional Development Allowance, which accounted for an investment of $11,598.83. Our team also cumulatively invested 836+ additional hours in learning opportunities such as trainings and webinars.

CHRISTOPHER KELLEY LEADERSHIP DEVELOPMENT PROGRAM

The Christopher Kelley Leadership Development Program (CKLDP) is training the next generation of leaders in the field of architecture. The curriculum sharpens skills in entrepreneurship and firm management, positively impacting emerging professionals at different stages of their careers. Last year, among the highly competitive selection of 16 emerging architects, 3 scholars from the 2022-2023 class belonged to the AD&V® team. In the current 2023-2024 class, 3 AD&V® team members are actively participating, and an additional 3 AD&V® team members are serving on the leadership committee. Throughout the leadership program, a total of 232 cumulative hours were dedicated to individual sessions and organizational committee responsibilities last year.

6 TEAM MEMBERS

9 SESSIONS

232 CUMULATIVE HOURS INVESTED

Juan Carlos Ramos 2023-2024 Scholar

José Luis Pagán 2023-2024 Scholar

Cristina Centeno 2023-2024 Scholar

Natasha Yordán 2022-2023 Scholar 2023-2024 Committee

Estefanía Alejandro 2022-2023 Scholar 2023-2024 Committee

Lara Ibarra 2022-2023 Scholar 2023-2024 Committee

ARE STUDY GROUP

Last year, AD&V® supported an ARE Study Group by providing a firmwide subscription to Amber Book, subsidizing the costs to assist our team members in successfully passing the Architect Registration Examination. A total of 15 team members took advantage of this valuable opportunity and are currently studying for their exams.

AD&V® BOOTCAMP

We launched the AD&V® Bootcamp, which provides new hires with a thorough understanding of our firm's approach and operational framework through an intensive 7-Part training program. A total of 2 team members participated in this program, with each team member investing 163 hours. This equipped them with the knowledge, skills, and tools necessary to excel in their roles and contribute to our firm’s overall success. Our Bootcamp covers diverse topics, offers interactive sessions, practical exercises, and hands-on exercises that deepen understanding and help team members develop the essential skills they need to navigate project challenges.

John Martínez Interior Design Staff

Jorge Concepción Design Staff

AD&V® INTERNSHIP PROGRAM

We welcomed seven exceptional interns into our team through our Summer Internship Program (SIP) and 3[D]esign Lab Internship Program. Both of these programs are tailored for college students in their third or fourth year who aspire to gain valuable insights into the architecture and design industry. Throughout their internships, our participants engaged in a wide range of activities, from sketching and designing to collaborating in our state-of-theart 3D printing Lab. Two interns were able to complete their professional practice requirement through our program, investing a total of 230 cumulative hours.

AD&V® SHADOWING PROGRAM

Three high school students had the valuable opportunity to shadow our team members within the Department of Architecture, accounting for a total of 44 cumulative hours. This hands-on experience not only immersed them in realworld work environments but also played a pivotal role in helping these students uncover and refine their academic and career paths. We believe that such initiatives contribute significantly to the educational and professional development of aspiring individuals, nurturing their passion and guiding them toward future success.

3

SHARED KNOWLEDGE SUMMARY

This chart illustrates the AD&V® team’s cumulative overall Professional Development hours dedicated to shared knowledge activities last year.

AD&V®[U] Sessions

Post-Mortem Sessions

Supplier Presentations

AD&V®[U] Special Series

Equipos con Propósito Sessions

Supervisión con Propósito Sessions

Leadership Academy Sessions

Additional Professional Development Engagement

Christopher Kelley Leadership Development Program

Bootcamp Program

Internship Program

Shadowing Program

SHARED KNOWLEDGE SUMMARY

This chart provides a summary of the professional development hours invested by the AD&V® team since 2022.

HEALTH & WELLNESS

OVERVIEW

We believe one’s well-being is the highest form of luxury. We care deeply about our teams’ health and well-being, so we developed a Wellness Program to encourage our team members to stay motivated and achieve their health and fitness goals.

WELLNESS PROGRAM

HEALTH & WELLNESS BENEFIT ENGAGEMENT

SHOUTOUT DYNAMICS

WEEKLY YOGA CLASSES AT OUR HEADQUARTERS

WEEKLY WORKOUT CLASSES AT OUR HEADQUARTERS

WELLNESS PROGRAM

To encourage our team members to stay motivated and achieve their health and fitness goals, we:

✓ Continued to provide our team members with an allowance to cover health & wellness expenses, and we tracked our team’s engagement.

✓ Hosted an AD&V® Team Session with business coach and motivational speaker Azim Jamal.

✓ Invited a Mindfulness Expert and Life Coach, Delia Román to lead a Meditation Seminar for the team.

✓ Hosted a Yoga Class team building activity.

✓ Hosted Weekly Yoga Classes at our Headquarters.

✓ Hosted Weekly Workout Classes at our Headquarters.

HEALTH & WELLNESS BENEFIT ENGAGEMENT

32 team members benefitted from our Health & Wellness Allowance, representing an investment of $6,730.20.

SHOUTOUT DYNAMICS

AD&V® is actively working to foster a culture of appreciation. During our weekly team meetings, we dedicate time to express gratitude, offering shoutouts to team members who have made a positive impact, gone the extra mile or extended us a helping hand. This is an opportunity to acknowledge the value each team member brings to the organization. Notably, team member contributed to a remarkable total of 2,496 shoutouts, underscoring the depth of our team's mutual appreciation.

WEEKLY YOGA CLASSES AT OUR HEADQUARTERS

We continued hosting Yoga Classes at our Headquarters every Tuesday after work to promote the overall well-being of our team. We hosted a total of 44 Yoga Classes accounting for 207 cumulative hours of Yoga, and a total of 14 team members engaged with this initiative in 2023.

The physical and mental benefits of Yoga are well documented; from improved strength and flexibility to increased focus and concentration as well as relief from depression and anxiety. By making Yoga accessible to our team, we increase the odds of them participating and taking care of their wellbeing.

WEEKLY WORKOUT CLASSES AT OUR HEADQUARTERS

One of our team members organized weekly workout classes hosted at our Headquarters every Monday after work to encourage a healthier and more active lifestyle among our team members. We hosted a total of 23 Workout Classes accounting for 105 cumulative hours of physical activity, and a total of 12 team members engaged with this initiative in 2023.

Introducing workout classes at our office, facilitating our team members’ initiative, is a valuable addition to the wellbeing of our team, offering an optional avenue for those who seek to enhance their physical fitness and mental health in the workplace.

HEALTH & WELLNESS SUMMARY

This chart provides a summary of the health & wellness hours invested by the AD&V® team since 2022.

Below is the total health & wellness benefit investment made by AD&V® since 2022:

$12,027.64

ALIGNING THE TEAM

OVERVIEW

Aligned teams are more engaged, perform better, and are more collaborative. Creating team alignment is a continuous effort We focused on aligning our team through 180-Day Goal Setting Meetings and various Team Building Activities that foster union and growth.

180-DAY GOAL SETTING MEETINGS

TEAM-BUILDING ACTIVITIES

180-DAY GOAL SETTING MEETINGS

The 180-Day Goal Setting Meetings consist of a voluntary meeting with Co-Founder, Cristina Villalón, providing our team members a framework to plan and strategize their personal and professional development goals. By defining personal SMART goals that include all aspects of a person’s life (work, finance, family, health, life-long learning & spirituality) team members are encouraged to think about and focus on their individual aspirations. Cristina acts as a facilitator and accountability partner to those that participate.

The 180-Day Goal Setting Meetings occurred during March and October of 2023, and 15 team members took advantage of this initiative.

TEAM-BUILDING ACTIVITIES

At AD&V®, our team is our number one priority. We recognize the importance of building trust among our team members. We focus on our company culture and providing opportunities for the team to bond and build trust. We held 15 team-building activities that accounted for 1,256 cumulative hours invested in this initiative.

BECOMING A BEST PLACE TO WORK

OVERVIEW

We believe that our work, values, and services are leading the way in defining the employee experience of the 21st century. For that reason, we continued to lead efforts to improve our business in all areas and make our firm truly worthy of being recognized as a Best Place to Work.

INC. BEST WORKPLACES

TEAM MEMBER SATISFACTION SURVEY

INC. BEST WORKPLACES

We received our score for the Best Place to Work submission, and regrettably, we fell short of the acknowledgment. Despite this setback, we remain steadfast in our commitment to working diligently to earn this distinction. What gets measured, gets improved and the experience helped us identify the areas we need to continue to work on However, we take immense satisfaction and pride in our score of 91.44, considering that the average score for small business finalists is 94. Our ongoing pursuit of this recognition underscores our steadfast dedication to fostering a workplace culture that is both resilient and thriving, and we are determined to persist in these efforts moving forward.

91.44

BEST

TEAM MEMBER SATISFACTION SURVEY

At AD&V®, we are committed to creating a culture which is second to none. To achieve this, we conduct satisfaction surveys that allow our team members to provide honest feedback and suggestions related to their experience working at AD&V®. This input drives continuous adaptation and improvement. We sent 3 Satisfaction Surveys to our team members throughout the year. Ratings range from 1-5. Our overall Team Satisfaction Survey rating was 4.62 out of 5.

MAKING A DIFFERENCE

OVERVIEW

Giving back to our communities is part of the AD&V® Way. We believe we must leave this world better than we found it. We are constantly finding ways to contribute to the greater good. Explore the following pages to discover the initiatives which we have actively participated in to foster positive change.

HOSTED PECHA KUCHA #44

BY SERIOUSLYCREATIVE

In collaboration with Seriously Creative, we hosted Pecha Kucha Night #44 at our Headquarters. The Pecha Kucha is a thought-provoking gathering for curious minds in Puerto Rico to share ideas that matter in a non-traditional format and setting. Our Co-Founder, Cristina Villalón, gave an inspiring presentation about how companies can use Business as a Force for Good by committing to implementing sustainable practices & processes to create a lasting positive impact. Edition #44 featured the following presentations:

1. Right Under our Feet by: DJ Lampitt CEO & Founder Ideation Colab

2. Business as a Force for Good by: Cristina Villalón, CoFounder Álvarez Díaz & Villalón®

3 PRESENTATIONS

3 HOURS 50 RSVP’S

3. Ingenio, Propósito y Voluntad by: Angiemille Latorre, Co-Founder SeriouslyCreative

HOSTED NOTRE DAME’S FIRE REAL ESTATE STUDENTS IN AN IMMERSIVE LEARNING EXPERIENCE

We hosted the students of the University of Notre Dame's Fitzgerald Institute for Real Estate (FIRE) Program at our office headquarters. The program’s students were able to tour Puerto Rico’s historical sites, visit affordable housing projects, learn from local industry leaders the keys to successful mixed-income affordable housing development, & become inspired to create valuable, sustainable communities.

During the program’s first visit to Puerto Rico, students explored the elements of a successful mixed-income affordable housing development, including financing, entitlements, land analysis, scheduling, conceptual design, construction cost analysis, & the importance of community involvement. At the end of the visits & sessions, the students presented their development proposals.

We believe that this collaboration has planted the seeds for future leaders to want to create valuable & sustainable communities

#DEVIOLETAPORELLOS BY RABITO KONTENTO & NAMA PR

AD&V® fully embraced the color purple to wholeheartedly support the #DeVioletaPorEllos initiative, led by the animal welfare advocates, No Al Maltrato Animal (NAMA) and Rabito Kontento. These dynamic duos of do-gooders are on a mission to safeguard animals and spread awareness against animal cruelty. As animal lovers, we stand together to promote empathy, compassion, and respect toward all living creatures.

We encouraged our team members to participate in this initiative by wearing the color purple to the office. A total of 12 team members participated.

32% OF TEAM

TEAM MEMBERS

EMBELECO DAY BY SER DE PUERTO RICO

The AD&V® Team supported SER de Puerto Rico, a nonprofit organization dedicated to offering medical and physical rehabilitation services to individuals with physical disabilities and autism in Puerto Rico, by participating in their Embeleco Day. With the inspiring motto “We are diverse; We are Perfect,” this initiative encouraged our team to embrace our own perfect imperfections and revel in the splendid diversity that makes each of us truly unique! 13 team members participated in this initiative and a total of $156 was donated to the foundation.

EARTH DAY INITIATIVE AD&V®’s GREEN CARPET

For Earth Day, we launched AD&V®'s Green Carpet initiative, a campaign that educated about sustainable fashion and responsible textile recycling on our digital platforms to raise awareness about the impact of fast fashion. As part of the initiative, we set up our very own AD&V® Green Thrift Shop where team members donated and thrifted second-hand clothing items to extend their lifecycle in exchange for community service time, while unwanted items were donated to charity. We hosted an office fashion show featuring a green carpet runway where the team showcased items from the clothes swap.

We successfully collected 467 units of clothing, weighing a total of 130 pounds. 26 team members took part in this initiative contributing a combined 20 hours and 35 minutes of community service through clothing donations and thrift shopping.

130

TECHOS PA’ MI GENTE PERCHA ABIERTA EN TOCONES

At AD&V®, our commitment to enhancing the lives of communities in need is unwavering. We partnered with the Puerto Rico Builders Association to support the Percha Abierta Pa’ Mi Gente initiative by Techos Pa' Mi Gente, a third-sector organization dedicated to constructing quality roofs and rehabilitating homes in Puerto Rican communities affected by natural disasters. AD&V® proudly contributed a total of $112 to this impactful initiative that promoted the acquisition of clothes, shoes and accessories in good condition at no cost for those in need.

BRIDGES TO COMMUNITY AT SANTO DOMINGO

AD&V® donated $900 to sponsor one team member to take part in the week-long Bridges to Community ServiceLearning trip. Bridges to Community is committed to creating a more just and sustainable world through service learning and community development, involving volunteers in projects within developing countries to build communities and transform lives. During this impactful week, our team member played a crucial role in constructing two houses in San Juan de la Maguana in the Dominican Republic. The initiative accounted for 44 hours of community service. It was truly a remarkable and enriching experience.

TOALLATÓN BY RABITO KONTENTO

We collaborated with Rabito Kontento’s Toallatón; an annual initiative that seeks to collect towels for their dog rescues to provide hygiene and warmth. We invited the team to bring and donate their unused towels and participate in this caring initiative. A collection of 13 towels, amounting to a total weight of 14.5 pounds, was donated.

HOGAR NIÑITO JESÚS DONATIONS

The AD&V® team enthusiastically donated supplies to the Hogar Niñito Jesús (HNJ) to help ensure that the children living at the home have what they need to thrive & grow in a safe & nurturing environment. Since 1993, the Hogar Niñito Jesús has been a home that offers shelter & protection to children who are victims of abuse. They offer the children the help they need for their healthy growth & provide them with a home environment full of love, security, trust, good treatment & moral formation. 19 team members donated towards this initiative and a total of $450 was collected to purchase the supplies donated.

A TRABAJAR POR NUESTRAS COSTAS WITH PARA LA NATURALEZA

We joined forces with Para la Naturaleza to lend a helping hand in preserving the beauty of the Punta Ballena beach in Guánica by clearing the beach of waste & debris. We believe that small actions can make a big difference & every piece of trash removed is a way for us to contribute to a cleaner & safer environment. Through our amazing teamwork & collective effort, we were able to pick up a total of 621 pounds of waste & debris. The participation of 22 team members accounted for a total of 121 cumulative hours of community service.

DONATION TO THE JBK FOUNDATION GOLF TOURNAMENT

AD&V® is a proud partner of the JBK Foundation, a nonprofit organization dedicated to empowering underserved youth in Puerto Rico through education, development, health, and wellness initiatives. Annually, the foundation organizes the Jack B. Kodesh Memorial Golf Tournament to raise funds. AD&V® contributed to the cause by sponsoring the tournament and donating two of our firm's publications, "My Santurce: Past and Future" and "Places of Purpose | 2002-2017," to be included in the tournament's raffle.

$1,605

LLEGÓ LA NAVIDAD CASUAL DAY BY FUNDACIÓN HOSPITAL PEDIÁTRICO

We also participated in the Fundación Hospital Pediátrico’s Llegó, Llegó, Llegó la Navidad Casual Day! We encouraged our team members to embrace the holiday season by purchasing the Foundation's "Llegó la Navidad" themed tshirts and bringing their Christmas spirit. The funds raised from the purchase of the shirts were donated to the Fundación Hospital Pediátrico which focuses on improving the quality of life of its patients and the entire community at the Hospital Pedriático in Centro Médico. A total of $180 was donated to the foundation.

HOSTED PRIIN’S RELAUNCH

We partnered with the Puerto Rico Impact Investment Network (PRIIN) and hosted their relaunch at our headquarters The event featured Puerto Rican leaders & regional experts who are creating new pathways for achieving social, environmental, & economic impact. Our CoFounder, Cristina Villalón, spoke about how our firm designs for sustainable development in Puerto Rico in hopes of inspiring others to measure their impact, align their companies to the SDGs, & help create a sustainable future. The speakers at the event were the following:

1. Carolina Suárez, founder and CEO of Latinmpacto

2. Ramfis Castro, Chief Strategy Officer for the Platform for Social Impact (PSI)

3. Cristina Villalón, Co-Founder of Álvarez Díaz & Villalón®

3 SPEAKERS

3 HOURS 30 RSVP’S

PRIIN’S NEW LEARNING EVENT SERIES

AD&V® hosted the “Collaborative Capital: Accelerating Impact Markets” discussion as part of Puerto Rico’s Impact Investing Network (PRIIN)’s new learning event series. During the event, attendees learned from leaders in investing, lending, and inclusive design about how collaborative strategies have increased the accessibility and success of public, private, and philanthropic capital in emerging impact markets. The discussion also explored opportunities to deploy and scale Puerto Rico’s own collaborative strategies. The following speakers participated:

1. Astrid Scholz, Managing Partner at ARMILLARIA

2. Giovanna Piovanetti, Executive President of Lendreams

3. José Julián Ramírez Ruiz, Executive Director for Cooperative Investment and Development Fund (FIDECOOP)

AD&V® & GUAYACÁN |

SDG WORKSHOP

We hosted a collaborative session with Grupo Guayacán, Inc. about the Sustainable Development Goals (SDGs) & the pivotal role that they play in Puerto Rico’s Small & Medium Enterprises (SMEs). The session highlighted the significance of integrating the SDGs into corporate strategies, aimed to demystify the challenges & concerns that companies often encounter when considering SDG incorporation, and served as an informative resource for participants.

Session speakers included: Cristina Villalón (AD&V®’s CoFounder), Carla Joan González (AD&V®’s Business Development & Marketing Director), Jessi Feoli (Events Associate of the Global Compact Network USA, & Ricardo Arzuaga (Executive Director of the UNA-USA PR) They provided practical examples, ideas, recommendations, & valuable resources and guidelines to assist businesses in taking their first steps toward aligning with the SDGs

21 ATTENDEES

63 CUMULATIVE HOURS

100% OF PARTICIPANTS WANT TO LEARN MORE ABOUT HOW TO JOIN THE UNGC

AD&V® & GUAYACÁN | GVA INFO SESSION

We shared our experience in the Guayacán Venture Accelerator business training program offered by the nonprofit organization Grupo Guayacán, Inc. We hosted an info session at our headquarters where we talked about our experience completing the accelerator, the type of content the accelerator offers in the workshops, details on the benefits & the results obtained from the program.

The GVA is the only program in Puerto Rico focused on providing established companies that have opportunities for accelerated growth with the tools they need to scale. To date, 131 companies & non-profit organizations have participated in the program.

HOLIDAY TOY DRIVE BY THE HOGAR DE NIÑOS DE SAN GERMÁN & HOGAR CUNA SAN CRISTÓBAL

With the arrival of the Christmas Season, we collaborated with the Holiday Toy Drive initiative of the Hogar Albergue de Niños de San Germán & Hogar Cuna San Cristóbal, where we collected Christmas gifts for children aged 0-12. We urged our team members to join this initiative, which brings Christmas joy to these children. 5 team members participated, contributing a total of 14 donated gifts to this wonderful cause.

HOSTED PECHA KUCHA #46

BY SERIOUSLYCREATIVE

In collaboration with SeriouslyCreative, we hosted Pecha Kucha Night #46 at our Headquarters. The purpose of this event is to facilitate conversations about ideas for a better Puerto Rico by a carefully curated mix of optimists and change-makers dedicated to making change happen in Puerto Rico. The following presentations were featured:

1. 300 al Día by: Lorraine Lago, Lead Collaborative

2. hvmvs by: Luis Pérez Cintrón, Finca Sajorí

3. Gobierno tu/yo by: Ataveyra Medina, Microjuris

3 SPEAKERS

FIRST FOODHACK SAN JUAN EVENT

AD&V® also hosted the first FoodHack San Juan event at our office headquarters! The dynamic panel discussed Controlled Environment Systems, ESG impact, food security, & the overall need to continue to build urban ecosystems that are human-centric & engage communities to drive civic awareness & policies.

Our Co-Founder Cristina Villalón participated as a panelist alongside fellow thought leaders David R. Soto Padín, & José Victor Jimenez. The event was moderated by San Juan’s FoodHack ambassador, DJ Lampitt. This event aimed to kickstart conversations and collaborations between likeminded individuals working actively to positively impact communities.

3 SPEAKERS 2.5 HOURS 35 RSVP’S

ELECTRONIC RECYCLING

At AD&V® we use our office as a collection center for electronic waste recycling. We continued to invite our team members to gather all their unused tech devices. AD&V® contributed $298.15 for the recycling company to pick up the materials so they could be properly and responsibly recycled. We recycled 372 pounds of electric equipment.

COMPOSTING PROGRAM

We continued our composting program with the Tais Borikashi Kits, where we dispose of our food scraps. Tais then processes the waste in a compost bin and turns it into a soil enhancer successfully diverting tons of organic waste from landfills.

Throughout the year, we were able to compost a total of 1,900 pounds filling a total of 50 Tais Containers weighing an average of 35-40 pounds. Adding up all our Composting efforts, AD&V® has successfully composted a total of 4,873 pounds since we began this initiative in 2021.

DIGITAL BUSINESS CARDS

We continued using digital business cards last year to cut down on waste, save trees, and reduce our carbon footprint. This effort results in saving approximately $3,850 annually and preserving one tree, even considering the addition of 8 new team members.

RECYCLING PROGRAM

We diligently maintained our commitment to recycling by utilizing our designated recycling bins at our offices. This allows the team to efficiently recycle a wide range of materials, including plastic caps, glass, medical bottles, coffee cup holders, magazines, aluminum, printer toners, door locks, cardboard tubes for architectural plans, plastic #1, and plastic #2.

RECYCLING PROGRAM SUMMARY

FOR

Cardboard Tubes for Architectural Plans

MAKING A DIFFERENCE SUMMARY

This chart illustrates the total donations made by the AD&V® Team in 2023.

Hogar Niñito Jesús

Fundación Hospital Pediátrico

SER de PR Campaign | Embeleco Day

Techos Pa’ Mi Gente Percha Abierta en Tocones

This chart illustrates the total donations made by AD&V® and its team members in 2023.

Company Donations

AD&V®

$898.00

$85,444.65

TOTAL DONATIONS

$84,546.65

MAKING A DIFFERENCE SUMMARY

Below is the total donations made by AD&V® and its team members since 2022.

$1,252 TOTAL TEAM DONATIONS

$38,824

TOTAL AD&V® DONATIONS

$898

TOTAL TEAM DONATIONS

$84,546.65

TOTAL AD&V® DONATIONS

$40,076 TOTAL DONATIONS

$125,520.65

TOTAL DONATIONS

SINCE 2022

$85,444.65

TOTAL DONATIONS

OVERVIEW

Good communication leads to effective decision-making, engaged team members, and successful projects. In 2023, we prioritized team communication through AD&V®’s Data Dashboard, sharing our progress and feedback, hosting Weekly Team Meetings, and communicating our Onboarding Ratings.

These initiatives allow our team to see what the company is working on, gain context for their projects by seeing the big picture, and learn more about all our company initiatives.

DATA DASHBOARD

SHARE FEEDBACK

WEEKLY TEAM MEETINGS

ONBOARDING RATINGS

DATA DASHBOARD

We expanded our data collection efforts, enhancing the AD&V® Impact Dashboard and continued to share it with our team members. This dashboard provides a real-time overview of our monthly progress towards corporate targets, demonstrating the integration of the 17 Sustainable Development Goals (SDGs) in our core business practices.

3 DASHBOARD PRESENTATIONS

SHARE FEEDBACK

At AD&V®, we are committed to working smarter and more efficiently. To achieve this, we conduct a Weekly Work Smarter Survey every Friday, allowing our team members to provide honest feedback, pose questions, express difficulties, and offer suggestions related to their experience working at AD&V®. This valuable input enables us to take action on unnecessary friction within the organization to make work better and conserve our team's limited energy.

WEEKLY TEAM MEETINGS

Last year we hosted Weekly Team Meetings to share company updates, celebrate successes, share week event reminders and bond as a group. These meetings allow our team to start off the week aligned and well-informed about upcoming activities. In 2023, we successfully conducted a total of 46 team meetings, further solidifying our dedication to open communication, collaboration, and collective success.

46 TEAM MEETINGS

ONBOARDING RATINGS

We continued to elaborate and structure AD&V®’s Comprehensive Onboarding Program. An Onboarding Survey is a useful, systematic way to efficiently check in with our new hires and they give us valuable information about the new hire’s experience that we can use to continue improving our program.

Ratings range from 1-5. In 2023, our Overall Onboarding Rating was 4.97.

MARKETING

OVERVIEW

FEATURED

PUBLICATIONS

FEATURED PUBLICATIONS

AD&V® was featured in a total of 73 publications, both locally and nationally:

BLOGS & EMAIL CAMPAIGNS

We sent a total of 54 email campaigns and wrote a total of 25 blogs related to the following topics:

Mixed-Use & Residential Design

Commercial & Institutional Hospitality & Wellness

Sustainability & Resiliency

Thought Leadership Office Culture

SOCIAL MEDIA KPI’S

We shared 838 social media posts on Facebook, Instagram and LinkedIn. We saw an increase in followers & engagement across the social media platforms we focused on. 2023 has been the year with the most increase in AD&V®'s social media following with a 20% follower increase on Instagram and a 30% follower increase on LinkedIn.

WEBSITE KPI’S

There was an overall increase in traffic and engagement on the AD&V® website, due to our blogs, newsletters, social media posts, and up-to-date website content.

BUSINESS INNOVATION

OVERVIEW

We pride ourselves on being forward-thinking professionals committed to continuous learning and growth. Our focus was on advancing not only our firm but also our team, recognizing the vital role that team development plays in our collective success.

Our commitment to innovation led us to implement cuttingedge design practices, pursue notable programs to hone our collective skills, and prepare us for the challenges of tomorrow. As architects of our transformative journey, we understand that true success is not a destination but an ever-evolving journey, and we are steadfast in our commitment to pushing boundaries and embracing growth in all its forms. In the subsequent pages, you'll discover the specific ways we grew last year

NEW TEAM HIRES

0

38 TEAM MEMBERS

We hired a total of 8 new team members. These new additions to our team represent a 21 percent growth in 2023.

1.79% AVERAGE ATTRITION

38 TOTAL TEAM MEMBERS

Joel Martínez JR Project Manager & Architect

Chelsea Vargas HR & Payroll Coordinator

Gabriel Robles 3D Interactive Staff

Hector Méndez Senior Architect

Rafael Vargas R&D Executive Director

John Martínez Interior Design Staff

Jorge Concepción Design Staff

Moisés González Maker Lab Coordinator

AD&V® BRAND REFRESH

We dedicated significant effort towards a Brand Refresh, and we're excited to announce that it's now 100% completed. We can't wait to share the results with you, as this revamped identity truly encapsulates who we are, our core values, mission and vision and sets the tone towards the exciting future that lies ahead.

100% COMPLETED

AD&V® MAKER LAB

Our commitment to advancing design and innovation reached new heights as we diligently worked towards the completion of the AD&V® Maker Lab. We completed the acquisition of essential equipment, paving the way for the lab's launch and we developed the general processes that will drive its efficiency and functionality.

The AD&V® Maker Lab supports our vision of positively impacting people’s lives by providing a space and platform from which to tackle emerging design problems, research innovative technologies, and develop creative solutions for the growing set of global challenges that deeply affect us all.

AD&V® META LAB

We unveiled the AD&V® Meta Lab, a cutting-edge space equipped with essential AR & VR tools and software. Here, we can showcase project simulations and visualizations, providing our clients with a realistic preview that enhances their understanding and active involvement during the design process.

Virtual Reality technology allows us to bring architectural visions to life early on. This technology permits us designers to better coordinate and come up with creative solutions to client challenges making the process more sustainable and efficient and improving client understanding & expectations while still actively in the design phase.

100% COMPLETED EQUIPMENT PURCHASE

100% COMPLETED SOFTWARE PURCHASES

100% DEVELOPED WORKFLOW

ALIGNING WITH THE GLOBAL AGENDA

B CORPORATION

OVERVIEW

Aligned with our commitment to the initiatives of corporate social responsibility of the United Nations Global Compact and its principles on human rights, labor standards, the environment, and the fight against corruption, we focused on these initiatives last year.

We are determined to use our business as a force for good in the world, tackling many challenges humanity faces. We challenged ourselves to set ambitious corporate sustainability targets and accelerate the integration of the SDGs into our core business to achieve the 2030 Agenda.

REPRESENTATION OF WOMEN IN AD&V®

PROGRESS OF INCLUDING PUERTO RICO IN MIT’S LIVING WAGE CALCULATOR

AD&V® JOINED AIA’S 2030 COMMITMENT

PARTICIPATED OF A LONDON BUSINESS SCHOOL’S SECOND CASE STUDY COURSE

OUTREACH PROGRAM FOR THE UNGC AND THE SDGs

OUR PARTNERS

B CORPORATION

At AD&V®, we wholeheartedly embrace the philosophy of using our business as a force for good. We successfully completed and underwent a rigorous B Impact Assessment in pursuit of obtaining the B Corporation certification. Our review was finalized at the end of the year, and we are happy to report that we have been certified by B Lab becoming the first Puerto Rican design firm to achieve Certified B Corporation status. This prestigious certification places the firm as the third company island-wide to receive this honor, marking a significant milestone in the island’s corporate sector.

100% COMPLETED

REPRESENTATION OF WOMEN AT AD&V®

At AD&V®, we are committed to closing the gender gap and we continue to support women in our male-dominated industry to achieve gender equality and representation. Here is a breakdown of women representation at AD&V®.

Women in AD&V C-Suite

Women in AD&V®’s C-Suite

Men Women

Women in AD&V Leadership

Women in AD&V®’s Leadership

Men Women

Women in AD&V Team

Women in AD&V®’s Team

Men Women

PROGRESS TOWARDS INCLUDING PUERTO RICO IN MIT’S LIVING WAGE CALCULATOR

For the last 3 years, AD&V® has been collaborating with MIT to include Puerto Rico in the MIT Living Wage Calculator. By defining the local living wage, we can then set out to set goals to surpass the living wage for our team and inspire other companies to do the same.

Our ongoing collaboration with MIT University in the past year has made significant strides, reaching 80% progress in the inclusion of Puerto Rico in the Living Wage Calculator. We eagerly anticipate achieving our goal soon!

80% COMPLETED

AD&V® JOINED AIA’S 2030 COMMITMENT

We are proud to announce that AD&V® officially joined the AIA 2030 Commitment. This commitment offers us a specific framework and benchmarks to achieve carbon-neutral designs as a standard by 2030. We are enthusiastic about working towards this commitment, which involved signing the pledge, establishing a dedicated 2030 Commitment committee within our firm, providing training to the committee, formulating a comprehensive plan, and submitting our strategy to attain carbon neutrality.

PARTICIPATED IN LONDON BUSINESS

SCHOOL’S COURSE WHERE AD&V®’S CASE STUDY WAS TAUGHT FOR THE SECOND TIME

AD&V® is the first in its industry and country to be featured as a case study in the London Business School curriculum.

AD&V® Co-Founders Ricardo Álvarez-Díaz & Cristina Villalón participated in a London Business School case study course, providing insight for EOers (Entrepreneur's Organization – a global non-profit organization specifically tailored to help individual leaders surpass their perceived limitations and reach new heights), into their journey of entrepreneurship and scaling AD&V®.

The study, conducted by Professor John Mullins, highlighted the challenges of running a business as a married couple and revealed the struggles, ups and downs, and financial setbacks before the firm's sustained growth. AD&V®’s London Business School Case Study educates students about entrepreneurship, highlighting the importance of facing challenges, making informed decisions, and understanding business and personal relationships.

OUTREACH PROGRAM FOR THE UNGC AND THE SDGs

AD&V® proudly served as ambassadors for the Sustainable Development Goals (SDGs), actively inspiring and encouraging other companies to become part of the United Nations Global Compact (UNGC). Our outreach efforts included one-on-one and group initiatives, featuring seminars where we openly shared our experiences, showcased examples, and provided guidance on aligning business endeavors with sustainable development principles.

Through these efforts, we aim to encourage other businesses and organizations to incorporate the SDGs into their core business practices.

10

10

2

OUR PARTNERS

Partnerships are key for SDG implementation and are essential to making the 2030 Agenda a reality. At AD&V®, we are aligning ourselves with like-minded businesses and organizations dedicated to making positive impacts and contributions Below, we have included our partners in 2023, all sharing our commitment to do good

Time is running out to create the positive change the world so desperately needs. We must all join forces to create a more prosperous and resilient global community. We must move forward faster.”

- Sanda Ojiambo Assistant Secretary General, Executive Director and CEO United Nations Global Compact

RECOGNITIONS

OVERVIEW

What a remarkable year it has been for AD&V®! With a total of 15 award submissions, the firm and its dedicated team proudly garnered 9 prestigious awards and recognitions in acknowledgment of their impactful contributions, unwavering commitment, and exceptional leadership.

ENR SOUTHEAST

AIA FLORIDA

HOTEL MANAGEMENT SURVEY

UNITED NATIONS GLOBAL COMPACT

ARCHITECTURAL RECORD

ENGINEERING NEWS RECORD

BUILDING DESIGN + CONSTRUCTION

ASOCIACION DE CONSTRUCTORES DE PR

AD&V® WAS RANKED AS AN ENR SOUTHEAST TOP DESIGN FIRM IN 2023

AD&V® was listed among the ENR Southeast Top Design Firms for 2023.

ENR Southeast administers an annual survey ranking companies engaged in general contracting, specialty contracting, engineering, architecture, planning, and studies.

The rankings are based on annual revenue at home and abroad and are further divided into specific market categories.

We are truly honored to be acknowledged among the notable names in this prestigious list.

AD&V® WAS RECOGNIZED AS AN AIA FLORIDA 2023 DESIGN AWARDS RECIPIENT IN THE UNBUILT CATEGORY

AD&V® was named a recipient of the 2023 AIA Florida Design Awards. Our project for “Reconnecting San Juan, PR: The impact of inclusive and resilient design strategies in shaping its urban waterfront, San Juan, PR” received the Unbuilt Citation Award. The project aims to promote urban revitalization by improving the existing infrastructure and connectivity.

The AIA Florida Design & Honor Awards represent the most prestigious awards bestowed by the AIA Florida program, celebrating architectural excellence and design innovation. These awards play a vital role in fostering a culture of architectural excellence, promoting an increased public appreciation for exceptional design, and honoring the architects whose contributions enrich our communities and the broader architectural landscape.

AD&V® WAS RECOGNIZED AMONG THE 2023 TOP DESIGN FIRMS BY HOTEL MANAGEMENT

AD&V® was also listed among the 2023 Top Design Firms by Hotel Management!

When designing, our focus lies in ensuring that each of our hospitality projects possesses a distinct sense of place. Adhering to hotel brand standards while seamlessly integrating local elements, our objective is to craft hospitality spaces that are both unique and functional providing guests with unforgettable experiences.

We are grateful for this acknowledgment and look forward to contributing to more positive experiences within the hospitality industry!

CRISTINA VILLALÓN WAS RECOGNIZED AS THE

2023 SDG PIONEER FOR SMALL & MEDIUM-SIZED ENTERPRISES BY THE UNGC NETWORK USA

Our Co-Founder, Cristina Villalón was recognized as the 2023 SDG Pioneer for Small & Medium-Sized Enterprises by the United Nations Global Compact Network USA.

Cristina, of AD&V®, was recognized for championing the Sustainable Development Goals (SDGs) and inspiring others to advance the 2030 Agenda for Sustainable Development.

As a 2023 USA SDG Pioneer, she was chosen from a network of more than 1,000 entities from across the United States.

Her achievements in embedding the SDGs in her day-to-day work reimagines the potential of businesses in creating enduring positive change within their environments. This recognition is an inspiration and proves that no company is too small to make a big impact. We hope it inspires others to advance the SDG’s in their own business practices.

AD&V® WAS RECOGNIZED AMONG THE 2023 TOP 300 ARCHITECTURE FIRMS IN THE U.S.

AD&V® was recognized among the 2023 Top 300 Architecture firms in the U.S. by Architectural Record.

Architectural Record is an award-winning publication that has fostered readership among architecture, engineering, and design professionals by covering innovative projects across the globe. The publication ranked firms according to revenue for design services performed in 2022.

AD&V® WAS RECOGNIZED AMONG THE TOP 225 INTERNATIONAL DESIGN FIRMS IN 2023

AD&V® was ranked among the Top 225 International Design Firms in 2023 by Engineering News-Record.

Engineering News-Record provides the engineering and construction news, analysis, commentary, and data that construction industry professionals need to do their jobs more effectively. We feel honored to have been recognized as the only Puerto Rican architecture and interior design firm to represent our Island internationally.

AD&V® WAS RECOGNIZED AMONG THE TOP 115 ARCHITECTURE ENGINEERING FIRMS FOR 2023 BY BD+C

AD&V® was recognized among the Top 115 Architecture & Engineering Firms for 2023 by Building Design+Construction.

Building Design+Construction is a leading business content platform for architects, engineers, contractors, and building owners/developers. Their list ranks the nation's largest architecture engineering (AE) firms for nonresidential building and multifamily housing work.

RICARDO ÁLVAREZ-DÍAZ RECEIVED

THE "JUNTOS POR PUERTO RICO" AWARD BY THE PRBA

Our Co-Founder, Ricardo Álvarez-Díaz, was honored with the "Juntos Por Puerto Rico" award during the 2023 Puerto Rico Builders Association 50th Annual Convention.

This recognition is a testament to Ricardo's steadfast commitment to the PRBA over the last 8 years. The beautifully crafted award, designed by the talented Puerto Rican sculptor Luis Torruella, stands as a symbol of appreciation for his dedicated service.

AD&V® WAY PROCESSES

OVERVIEW

We dedicated efforts to developing and reviewing a range of General, Project Management and Design processes. We also formulated and implemented AD&V®’s Bootcamp Program Standards and Processes and finalized AD&V®’s Code of Conduct. The review of these processes and standards allows for a more streamlined and successful operation, fostering efficiency and excellence.

NEW AD&V® WAY PROCESSES

REVISED AD&V® WAY PROCESSES

AD&V® BOOTCAMP PROGRAM

AD&V® CODE OF CONDUCT

NEW AD&V® WAY PROCESSES

37 PROCESSES DEVELOPED GENERAL

6 Processes Developed MANAGEMENT

PROCESSES

20 Processes Developed

MAR 1 APR JUN SEPT 1 1 3 FEB 5 MAR 15 MAR 1 APR JUN 6 4 118 AD&V® | 2023 IMPACT REPORT

REVISED AD&V® WAY PROCESSES

14 PROCESSES

REVISED

We reviewed a comprehensive set of General, Project Management, and Design processes. Below we’ve included a breakdown of what was accomplished.

5 Processes Revised

PROJECT

5 Processes Revised

DESIGN PROCESSES

4 Processes Revised

AD&V® BOOTCAMP PROGRAM

We spearheaded the development of standards and procedures for AD&V®'s Bootcamp Program, which offers our new hires a comprehensive understanding of our firm's approach and operational framework through an intensive 7Part training program.

This strategic effort establishes a structured and impactful learning journey while ensuring the highest quality of training. This exemplifies our commitment to shaping industry best practices, and, ultimately, empowering individuals to thrive on their professional journeys.

100% COMPLETED

AD&V® CODE OF CONDUCT

We successfully finalized AD&V®'s Code of Conduct, a pivotal document outlining our principles and ethical guidelines. We look forward to the implementation of this code and instilling a culture of integrity and responsibility within our organization, fostering a positive and ethical work environment.

100%

OUR WORK

OVERVIEW

At AD&V®, every one of our projects is a fusion of creativity, functionality, and a profound understanding of people's needs Last year’s work efforts were guided by the following design philosophy:

We envision sustainable spaces that blend with nature, to shape a greener tomorrow;

We champion spaces that ignite creativity and propel success;

We believe one’s well-being is the highest form of luxury;

We nurture and promote holistic, mindful living;

We honor tradition while embracing future possibilities.

OUR WORK EFFORTS FOR 2023

ACTIVE PROJECT TYPOLOGIES

ACTIVE PROJECT

CLIENT TYPES

GRAND OPENING OF EMERALD VISTA SENIOR RESIDENCES

OUR PROPOSAL EFFORTS FOR 2023

18 proposals

SUBMITTED

3 proposals AD&V® DID NOT PURSUE

100% SUCCESS RATE

3 proposals SIGNED

OUR RFQ EFFORTS FOR 2023

2 RFQ’s SUBMITTED

0 RFQ’s QUALIFIED

0 RFQ’s NOT SELECTED

0 RFQ’s AD&V® DID NOT PURSUE

ACTIVE PROJECT CLIENT TYPES

Our primary client type last year was Repeated Clients, which we have previously worked with. Our number one priority is Client Service and exceeding client expectations.

Repeated Clients

Referrals

New Clients

ACTIVE PROJECT TYPOLOGIES

This chart offers a percentage breakdown of AD&V®’s active project typologies for 2023.

Multifamily & Mixed Use

Commercial & Institutional

Hospitality & Wellness

Master Planning & Infrastructure

Other

63 ACTIVE PROJECTS

GRAND OPENING OF EMERALD VISTA SENIOR RESIDENCES

We celebrated the grand opening of Emerald Vista Senior Residences, a new standard in inclusive living for seniors. Combining modern amenities and sustainable design, this pioneering affordable senior housing community in the heart of Caguas redefines senior living.

Developed by McCormack Baron Companies, built by F&R Construction Group, Inc., & designed by AD&V®, the Senior Residences feature a five-story building with 200 apartment units, which consist of 190 one-bedroom units & 10 twobedroom units, including 30 units designed for accessibility.

Through the implementation of sustainable, human-scale, & universal design principles, our goal for this project was to create a space where seniors can enjoy a vibrant, inclusive, & active lifestyle. Now open, the Senior Residences at Emerald Vista invite seniors to experience a new standard of living that is dignified, safe, sustainable, & community-focused.

OUR IMPACT

OVERVIEW

AD&V®’s mission is to design Places of Purpose. We aim to create a society where individuals and communities are empowered to thrive Our data-driven approach helps us quantify how we’re measuring up against our big, audacious goal: By 2030, we aim to directly impact 65,000 individuals and indirectly impact 6 million individuals through our projects.

Last year we made strides towards this goal by aiming to directly impact 4,462 individuals and indirectly impact 100,000 individuals through our 2023 finished projects.

DIRECT IMPACT (4,462 PEOPLE)

INDIRECT IMPACT (100,000 PEOPLE)

TOTAL LIVES DIRECTLY IMPACTED BY THE HOME REPAIR, RECONSTRUCTION, AND RELOCATION (R3) PROGRAM IN 2023

AD&V® is proud to be part of the Home Repair, Reconstruction, and Relocation (R3) Program as it is the project that allows us to generate the most positive impact. We successfully worked on 3 repair cases, and 29 single-family home reconstruction cases, which directly impacted 96 lives.

9 lives

3 cases

87 lives

96

TOTAL LIVES DIRECTLY IMPACTED

29 cases

This chart provides a summary of the lives AD&V® has directly impacted by the Home Repair, Reconstruction, and Relocation (R3) Program since 2021.

TOTAL LIVES DIRECTLY IMPACTED BY FINISHED PROJECTS IN 2023

This chart provides a summary of the lives AD&V® has directly impacted by finished projects in 2023.

2,978

TOTAL LIVES DIRECTLY IMPACTED BY FINISHED PROJECTS SINCE 2017

This chart provides a summary of the lives AD&V® has directly impacted by finished projects since 2017.

TOTAL LIVES INDIRECTLY IMPACTED BY FINISHED PROJECTS IN 2023

This chart provides a summary of the lives AD&V® has indirectly impacted by finished projects in 2023.

AD&V® Headquarters

Condado Residence

Home Repair, Reconstruction, and Relocation (R3) Program

Luchetti 1220

Residence Inn by Marriott

SINCE 2017

This chart provides a summary of the lives AD&V® has indirectly impacted by finished projects since 2017.

2023 BY THE NUMBERS

OVERVIEW

In pursuit of our 2030 BHAG (Big Hairy Audacious Goal), AD&V® established a progress goal for 2023: to directly impact 4,462 lives and indirectly impact a total of 100,000 lives.

As you turn the pages ahead, we’ve included a detailed account of our progress toward reaching our 2023 goal. Each step documented brings us closer to the transformative impact we aspire to make by the year 2030.

LIVES IMPACTED 2023 GOAL

Direct Impact

67% of the goal was achieved.

108,668

Indirect Impact

109% of the goal was achieved.

Our progress goal was to directly impact 4,462 lives in 2023. AD&V® achieved a direct impact on 2,978 lives, achieving 67% of our goal.

Our progress goal of indirect impacts was a total of 100,000 lives. Remarkably, we surpassed this goal by 9%, indirectly impacting a total of 108,668 lives.

PROGRESS TOWARDS OUR 2030 GOAL

OVERVIEW

We know design has the power to change and positively transform people's lives. Aligned with our commitment to the Sustainable Development Goals (SDGs), we are determined to use our business as a force for good. By 2030, our goal is to directly impact 65,000 lives and indirectly impact 6 million lives through Places of Purpose.

The following pages showcase the progress we’ve made on our journey to meet this transformative and audacious goal.

LIVES IMPACTED 2030 GOAL

29,554

Direct Impact

45% of the goal has been achieved.

281,866

Indirect Impact

4% of the goal has been achieved.

By 2030, our goal is to directly impact a total of 65,000 lives through our finished projects. Taking a significant stride forward last year, we achieved a direct impact on a total of 29,554 lives. Anticipating further progress in the upcoming years!

We aspire to indirectly impact a total of 6 million lives by 2030. Last year we made substantial progress as we achieved an indirect impact on a total of 281,866 lives. Excited about the positive contributions in the years ahead!

LOOKING FORWARD TO 2024

As we embark on 2024, we begin an exciting chapter in our sustainability journey. The year ahead holds the promise of fresh beginnings, renewed commitment, and a steadfast determination to build upon the foundation we've laid.

In the spirit of our theme, "Innovation & Evolution," 2024 beckons us to push the boundaries of what we can achieve. We embrace the imperative of adaptation, recognizing that our world is in a perpetual state of change. In the face of evolving challenges, we remain resolute in our commitment to sustainability and responsible business practices.

Our vision for the coming year is anchored in a threefold approach:

1. Amplified Impact: In 2024, we aspire to amplify our impact locally and globally. We will continue to champion the United Nations Sustainable Development Goals (SDGs), aiming to set new benchmarks for ourselves to pursue these vital objectives. Collaboration with like-minded partners within and beyond our industry will be a cornerstone of our strategy as we work together towards shared sustainability goals.

2. Innovation at the Core: Innovation is the engine that propels progress. In the year ahead, we are committed to infusing innovation into every facet of our operation. Whether harnessing emerging technologies to reduce our environmental footprint, reimagining our supply chain for greater efficiency, or fostering innovation within our team, we see innovation as a driving force that will redefine our sustainability landscape.

3. Stakeholder Engagement: Sustainability is a collective endeavor, and our stakeholders play an integral role in our journey. We will continue to engage with our employees, customers, suppliers, and the communities we serve Their insights, feedback, and perspectives are invaluable as we chart our course toward a more sustainable future. Together, we are more robust, and together, we can effect lasting change.

In 2024, we remain dedicated to using our business as a force for good, tackling the pressing issues facing humanity and the planet. We invite you to join us on this exhilarating journey as we embark on a year of innovation, evolution, and purposeful action. With gratitude for your support and collaboration, we look forward to a year filled with transformative possibilities.