Goals

We have opened hydroponic farms at our corporate headquarters and two Jersey City properties, producing 1,092 pounds of nutrient-rich produce, the equivalent of 4,901 bags, for community residents.

All managed multifamily assets and our corporate headquarters have achieved the WELL Health-Safety Rating.

Annual air- and water-quality testing is performed across the managed multifamily portfolio.

A comprehensive resident engagement program has been rolled out on the back of a resident survey, including a variety of engagement methods.

In 2022, 99% of employees participated in training offered by the Company, including DE&I and cybersecurity sessions.

In 2022, we provided 6,462 hours of employee training, equivalent to about 30 hours per employee.

We offer tuition reimbursement of up to $5,000 per year and study leave for all eligible employees.

Of employees at management level or above, 52% are female as of December 31, 2022.

In 2022, a third party measured an equity gender pay gap ratio of 2%.

Our Executive Team is 60% female.

Our Board of Directors is 33% female.

We have invested $120,000 in a portfolio-wide smart irrigation system with a payback period of approximately 12 months.

SOURCE® Hydropanels create on-site drinking water from the air, eliminating 273,000 plastic water bottles over 15 years; filtered water-bottle-filling stations prevented 716,926 plastic water bottles from being sent to landfills.

We conduct annual portfolio-wide water-quality tests.

The SOURCE® Hydropanels at Quarry Place in New York produce up to 2,000 liters of drinking water per month, leaving local groundwater supply untouched and avoiding 1.6 million liters of run-off waste water over its lifetime.

In 2023, we joined the U.S. Department of Energy’s Water Savings Network through the Better Buildings Initiative.

In 2022, 95% of our water consumption was discharged into the sewer system, where it undergoes wastewater treatment. We are not aware of any direct discharge to an open body of water. Furthermore, no significant spills of oil, fuel, waste, or chemicals were reported.

Like-for-like Scope 1 & 2 GHG were 54% below 2019 levels in 2022.

Energy consumption was 24% below 2019 levels in 2022.

Covered >90% coverage of operational carbon footprint in 2022.

Since 2021, the Company has procured 100% of operationally controlled electricity within the multifamily portfolio from renewable sources.

EV charging points are currently in place across 65% of the portfolio.

We previously obtained “Leading Living Wage For US Employer” certification and since then have upheld the same standards.

We annually conduct a third-party gender pay equity assessment, which reflected a pay gap of only 2% in 2022, demonstrating our equitable approach to compensation.

The Company maintained its Great Place To Work® certification, increasing our score to 91 compared to the national average of 57.

In 2023, we entered a strategic partnership with the Massachusetts Institute of Technology’s Center for Real Estate (MIT/CRE), combining MIT/CRE’s extraordinary resources and wealth of knowledge in the field with our practical, forward-thinking approach to managing multifamily properties.

We funded and constructed local PS-16 public school in Jersey City, NJ.

We funded and oversaw $100 million of infrastructure and off-site improvements in Port Imperial, NJ.

We invested over $7 million in creating a community park, fire station and recreation area in Malden, MA.

Of employees at management level or above, 52% are female as of December 31, 2022.

Our new procurement platform allows for easier monitoring and procurement of services from a diverse set of suppliers.

Encourage our employees and residents to recycle, reuse and rethink, helping to reduce the amount of waste sent to landfill.

Energy consumption was 24% below 2019 levels in 2022.

Covered >90% of operational carbon footprint in 2022.

Since 2021, the Company has procured 100% of operationally controlled electricity within the wholly-owned multifamily portfolio from renewable sources.

78% of managed multifamily portfolio was Green Certified as of December 31, 2023, up from 58% at the end of 2022.

EV charging points are currently in place across 65% of the portfolio.

100% of leases include a Sustainability Addendum as of 2023, aligning our residents with our goals and encouraging them to help us reduce energy, carbon emissions, and water usage.

A comprehensive resident engagement program has been rolled out on the back of a resident survey, including a variety of engagement methods.

24.5% of non-hazardous waste diverted from landfill in 2022.

Like-for-like Scope 1 & 2 GHG were 54% below 2019 levels in 2022.

Energy consumption was 24% below 2019 levels in 2022.

Since 2021, the Company has procured 100% of operationally controlled electricity within the wholly-owned multifamily portfolio from renewable sources.

Physical risk assessment completed in Q1 2023 across various scenarios and time frames.

Covered >90% of operational carbon footprint in 2022.

100% of leases include a Sustainability Addendum as of 2023, aligning our residents with our goals and encouraging them to help us reduce energy, carbon emissions, and water usage.

Since the beginning of our partnership with Ecologi, we have planted 23,310 trees, largely in the Appalachians.

In 2023, Veris installed beehives at 15 properties and supported them with pollinator plants when possible.

Employees charitable donations are matched by Veris, and volunteer activities are supported through our participation in Pledge 1%.

Veris Residential is an International WELL Building Institue (IWBI) corporate member, using the IWBI’s expertise to create healthier, more equitable communities that promote wellness.

We have partnered with the U.S. Department of Energy Better Buildings and U.S. Green Building Council.

We participate in the CDP Worldwide & GRESB annually.

In addition to annual corporate donations, employees engaged in philanthropic opportunities with our four major nonprofit partners, St. Jude Children’s Research Hospital, the American Red Cross, Habitat for Humanity and Ecologi.

In 2023, we entered a strategic partnership with the Massachusetts Institute of Technology’s Center for Real Estate (MIT/CRE), combining MIT/CRE’s extraordinary resources and wealth of knowledge in the field with our practical, forward-thinking approach to managing multifamily properties.