Mack-Cali Becomes Veris Residential

Environmental, Social & Governance

Committed to Making a Positive Impact

Veris Residential realizes the importance of environmental, social, and governance initiatives to the communities we serve, our employees and directors, and potential investors. Our company understands the impact we can have as a fully-integrated and self-managed REIT and is committed to making that impact a positive one.

2021 Environmental Social Governance Report

Explore our latest environmental, social, and governance initiatives and results in our ESG Report.

View ESG Report

Explore Our Environmental Considerations

As the first U.S. real estate company to join the Climate Group's EV 100 initiative, Veris Residential has a history of prioritizing environmental considerations in everyday business.

Incorporating Energy Efficient Design

In 2021, 25 percent (by number of units) of its wholly-owned multifamily portfolio was LEED® certified and Harborside 1, its 399,600 square feet office property in Jersey City, is expected to achieve LEED® Gold certification.

Sustainable Solutions

Investing in energy-saving technology positively impacts resident experience and asset values over the long term. We're incorporating these technologies in irrigation, lighting, and HVAC for our properties.

Transparent Reporting

Veris Residential believes in transparent reporting of our ESG performance indicators and its importance to investors and stakeholders. Our annual Corporate Social Responsibility report aligns with the United Nations Sustainable Development Goals.

We Value Diverse Experiences

We believe that our success depends on creating an environment of inclusion across all facets of our business, celebrating individual differences, and maintaining a unified culture grounded in equality and meritocracy.

Supporting Our Communities

We continue to support a number of local Hudson County organizations including:

  • St. Lucy’s Shelter, which offers emergency housing and food for those in need
  • Hoboken Shelter, which provides meals, shelter, and social services for the homeless
  • WomenRising, an organization that helps women and their families in need of jobs, safety from domestic violence, freedom from homelessness and safe lives for children
  • WE Project, a local food pantry that feeds approximately 200 local families per week

Investing in Our Diversity

Veris Residential, Inc. continues to prioritize diversity, equity, and inclusion by increasing gender and ethnic diversity within the company and its Board of Directors, establishing employee affinity groups and introducing company-wide diversity training.

Governance at Veris Residential

Successful companies depend on intentional and diverse leadership. Veris Residential's Board of Directors proudly has strong female representation and market-leading share of independent directors.

Board Committees Creating Change

Our Board guides the strategic direction of our company with the help of its Committees. The Board currently has the following committees:

  • Audit
  • Compensation
  • Nominating and Corporate Governance
  • Strategic Review
  • ESG

Ethics & Compliance

Veris Residential strives to conduct business with the highest integrity and to the letter of the law with a strong Ethics & Compliance program. Our Code of Business Conduct and Ethics seeks to create a respectful and safe environment for all employees and directors. Our governance documents set expectations on how Veris Residential handles pressing issues like Human Rights, Anti-Harassment, and Anti-Corruption.