Environment
Environmental Stats
A snapshot of our sustainability efforts.
green certified portfolio
scope 1 & 2 Emissions reduction
percent of portfolio with EV chargers
trees planted through ecologi
*Based on 2023 data.
Preserving Our Planet
Climate change represents a global challenge for all economic players, and Veris Residential recognizes the importance of effectively reducing our environmental footprint.
Pathway to Decarbonization
We are committed to reducing energy consumption and emissions, as demonstrated by our SBTi-validated emission targets. Veris’ pathway to decarbonization is comprised of four main steps: measuring and disclosing our carbon emissions; reducing energy demand and increasing energy efficiency; switching to renewables; and offsetting additional emissions. Following this plan, thus far we have disclosed 100% of Scope 1 & 2 emissions and over 90% of Scope 3 emissions; reduced Scope 1 & 2 emissions by 54% and reduced energy consumption by 24%; procured 100% of operationally-controlled electricity from renewable sources and begun researching on-site renewables for mid-rise properties; and purchased carbon offsets to cover our annual emissions from business travel.
Highlights
54% reduction of Scope 1 & 2 emissions
24% reduction of energy consumption
78% of managed multifamily Green Certified (as of 2023)
100% of operationally controlled electricity in the wholly-owned multifamily portfolio from renewable sources
65% of properties with EV charging points
100% of leases with a Sustainability Addendum as of 2023
90% of properties with a Walk Score of 70 or higher
Based on data shared in Veris Residential’s ESG Report released June 27, 2023, except where otherwise noted.
Case Studies
See how our environmental initiatives work in action on-site at our properties throughout the Northeast.
VERIS ASSOCIATES WITH ALVEOLE
Environmental News & Updates
Reports & Policies
We hold ourselves accountable by regularly reporting on progress toward our ESG targets, as well as publishing our policies regulating our adherence to the highest of environmental and ethical standards.