Environmental, Social & Governance

Committed to Making a Positive Impact

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

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

View Latest ESG Report

Prioritizing Our Environment

The Company assesses its climate-related risks and opportunities to develop a comprehensive approach to sustainable development and certification, as well as to reduce energy consumption and carbon emissions.

A Portfolio with Sustainable Recognition

Nearly 60% of our managed multifamily portfolio was Green Certified (LEED® or equivalent) by the end of 2022, significantly more than the 42% achieved at the end of 2021. This milestone excludes our most recently delivered high-rise, Haus25, which is awaiting LEED® Silver certification.

Integrating Energy-Saving Technologies

We are incorporating energy-saving technologies that positively impact resident experiences. We surpassed our goal of reducing our energy consumption by 20% by 2030 well ahead of schedule, cutting consumption by 24% over the last three years.

Committed to Reducing Our Carbon Footprint

We have exceeded our 2030 goal, reducing like-for-like Scope 1 & 2 emissions by 54% as of year-end 2022 (compared to the 2019 baseline). We are disclosing over 90% of our operational carbon footprint.

Extensive & Meaningful Philanthropic Engagement

Working with others for the greater good and making the world a better place for all is at the heart of Veris Residential. We’re proud to support four national partners that deploy resources at a local level, as well as local organizations that are active within the communities in which operate.

Our National Partners

We continue to support a number of local organizations including:

  • St. Jude Children’s Research Hospital
  • American Red Cross
  • Habitat for Humanity
  • National Forest Foundation & Ecologi

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Supporting Our Communities

We continue to support a number of local organizations including:

  • The Boys & Girls Club of America: Jersey City, Charlestown, Worcester, Morristown
  • Jersey City Medical Center
  • The West New York Police Department
  • York Street Project
  • The Paramus Veteran’s Home
  • Emeryville Citizens Assistance Program
  • Greater Boston Foodbank
  • Greendrop benefitting the American Red Cross & Purple Heart Foundation

Committed to Diversity, Equity & Inclusion (DE&I)

The Company is approaching its social impact by prioritizing the people it serves—specifically its employees, its residents and its surrounding communities—to ensure diversity, equity, inclusivity, health and safety.

Equitable Work Environment

  •  53% of our workforce is racially/ethnically diverse and 44% is female
  •  Gender equality at the management level achieved in 2022
  •  Wide range of employee benefits including flexible work schedules
  •  Employee Resource Groups
  •  Comprehensive training and development program

A Global DE&I Leader

  • First company globally to receive WELL Equity Rating portfolio-wide
  •  Included in Bloomberg GEI Index
  •  Great Place to Work Certified for two consecutive years
  • Certified Living Wage Employer

A Board Creating Change

Veris Residential's Board of Directors is 33% female and 44% racially/ethnically diverse, with a market-leading share of independent directors. Our Board guides the strategic direction of the Company.

  • Audit
  • Compensation
  • Nominating, Environmental, Social and Governance
  • Strategic Review