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
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.
Saving Energy
Portfolio-wide initiatives for building upgrades and retrofits have reduced our energy consumption by 27.8%.
Reducing Carbon Emissions
Renewable energy and technological advancements have allowed us to reduce Scope 1 & 2 emissions by 66%.
Decreasing Waste
On-site recycling, composting and donation options diverts waste from landfills.
Preserving Water
We’ve invested in smart irrigation controls, low-flow fixtures and smart-metering to reduce our water consumption.
Increasing Biodiversity
We’ve partnered with Alvéole to install 28 urban beehives across 14 properties.
Investing in Green Certifications
78% of our properties have been Green Certified as we advance environmental site management.
Diversifying Transportation Options
Our properties are strategically located in walkable, bikeable areas with easy access to public transit.
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 66% and reduced energy consumption by 27.8%; 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 our corporate headquarters.
Highlights
66% reduction of Scope 1 & 2 emissions
27.8% reduction of energy consumption
78% of managed multifamily Green Certified
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
91% of properties with a Walk Score of 70 or higher
Based on Veris Residential’s 2023 ESG Update, released June 28, 2024
Case Studies
See how our environmental initiatives work in action on-site at our properties throughout the Northeast.
Veris Farms
From mint to marigolds, hydroponics like those in Veris Farms grow three times faster and produce 30% more yield than traditional agricultural methods. They can grow anywhere using zero pesticides and herbicides by implementing organic, integrative pest management techniques.
We opened the first Veris Farm at The BLVD Collection in Jersey City in May 2022. Residents can visit these farms and organically connect with our environmental initiatives by harvesting produce for use in their kitchen. Since opening, the original Veris Farm has yielded 2,196 pounds of consumer-grade produce, and we have opened new farms at Haus25 and Liberty Towers.
Rooftop Beehives
In recent years, urban apiaries have become a sought-after and desirable amenity, contributing to a buildings’ environmental impact and resident satisfaction. As part of our ecological strategy, we have installed 28 urban beehives across 14 of our properties, investing in both minimizing our ecological impact and in reconnecting residents with their natural environment. The charismatic honeybee not only helps contribute to local biodiversity but also has been used at events to educate people about the importance of biodiversity, bee populations and efforts like ours.
Veris Farms
From mint to marigolds, hydroponics like those in Veris Farms grow three times faster and produce 30% more yield than traditional agricultural methods. They can grow anywhere using zero pesticides and herbicides by implementing organic, integrative pest management techniques.
We opened the first Veris Farm at The BLVD Collection in Jersey City in May 2022. Residents can visit these farms and organically connect with our environmental initiatives by harvesting produce for use in their kitchen. Since opening, the original Veris Farm has yielded 2,196 pounds of consumer-grade produce, and we have opened new farms at Haus25 and Liberty Towers.
Rooftop Beehives
In recent years, urban apiaries have become a sought-after and desirable amenity, contributing to a buildings’ environmental impact and resident satisfaction. As part of our ecological strategy, we have installed 28 urban beehives across 14 of our properties, investing in both minimizing our ecological impact and in reconnecting residents with their natural environment. The charismatic honeybee not only helps contribute to local biodiversity but also has been used at events to educate people about the importance of biodiversity, bee populations and efforts like ours.
VERIS ASSOCIATES WITH ALVEOLE
Environmental News & Updates
May 13, 2024
MIT Center for Real Estate Releases Podcast Featuring Veris CEO Mahbod Nia
Read the Article
May 9, 2024
Veris Residential CEO Mahbod Nia Delivers Lecture at MIT Center for Real Estate
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March 26, 2024
CEO Mahbod Nia on Veris Residential’s Next Phase as Pure-Play Multifamily REIT
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November 30, 2023
COO Anna Malhari on Transparency, Accountability and Oversight in ESG
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November 16, 2023
Nareit Honors Veris with the 2023 Leader in the Light Award in the Residential Sector
Read the Article
November 16, 2023
Veris Residential Recognized as a Leader in ESG, DEI and Corporate Stewardship by Top Real Estate and Business Organizations
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November 6, 2023
Veris Residential Honored by the U.S. Chamber of Commerce Foundation
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August 2, 2023
SVP of Marketing & Communications Nicole Jones on ESG, DEI & Philanthropy
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July 12, 2023
SVP of Sustainability & ESG Karen Cusmano on Creating Valuable ESG Reporting
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March 21, 2023
Veris Residential Launches Sustainability Collaboration with Ecologi
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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.
