Sustainability

SUSTAINABILITY

In all we do, sustainability matters.

The planet can only sustain us if we make environmental sustainability a core concern in every decision and every action. At the corporate and property levels, Veris Residential is continually implementing technologies and programs that promote a more resilient world.

Our Company

Veris Residential at a glance.

By regularly investing in our properties and innovative lifestyle amenity packages, Veris Residential creates environments that empower our residents to reimagine the way they live each day. Along with establishing and sustaining bonds between our residents and those of surrounding neighborhoods, this is how we cultivate a true sense of community.

“We are unwavering in our commitment to creating value for our stakeholders by continuing to operate in a socially, ethically, and environmentally responsible manner.”

Mahbod Nia

Chief Executive Officer

2,818 LEED certified residential units 
4,545 WELL Health-Safety rated residential units

33% of wholly owned multifamily units green certified (LEED or equivalent)

70% of communities have a WalkScore of 85 or higher

100% renewable-sourced electricity across portfolio and corporate offices
100% of wholly owned multifamily properties WELL Health-Safety rated

INSPIRING OUR RESIDENTS, SUSTAINING OUR PLANET

Safeguarding the environment promotes the well-being of people everywhere.

Responsible development,
resilient operations.

Fully recognizing the impact development activity has on the environment, Veris Residential is committed to maximizing efforts to reduce impact from any future development. This starts with the site selection process and continues throughout construction and into operations.

We rigorously screen all acquisitions and development projects—which includes reviewing environmental impact assessments—and carefully adopt sustainability measures that contribute to long-term value and resilience.

Our commitment to sustainable operations.

Greenhouse gas emissions: We are committed to reducing our greenhouse gas emissions by 50% portfolio-wide by 2030

Green certification: All new developments shall be eligible for LEED or equivalent certification, as we continue to increase our portfolio’s proportion of green-certified buildings

Green vehicles: In line with our EV100 pledge, all new developments will be equipped with EV charging stations, with every property having a charging station by 2030

Engaging residents in sustainability efforts.

At Veris Residential, we are using technology to enable our residents to save on their energy bills. Smart meters and artificial intelligence inform residents on how and when to reduce their in-unit electricity use.

This transparency empowers our residents, while we benefit from reduced whole-building energy use and peak-time greenhouse gas emissions. We plan to include Green Lease amendments in our residential leases to provide alignment on energy efficiency goals, smart metering, and other environmental matters.

Partnership with Logical Buildings.

Veris Residential has partnered with Logical Buildings—a company that provides data analytics and technology to help building owners and operators reduce costs, achieve sustainability goals, and increase comfort for residents and tenants—to equip our maintenance and operations teams with digital monitoring of energy consumption in real time, enabling us to continuously adapt our building management systems and respond immediately to any anomalies.

Green building certifications.

Veris Residential is working to increase the proportion of green-certified buildings (LEED or equivalent) in our portfolio. Green certifications communicate to the public our properties’ energy efficiency and environmentally aware site management. This enhances their appeal both to sustainability-conscious prospective residents and, increasingly, to investors. We have also obtained the WELL Health-Safety Rating for 100% of our wholly-owned multifamily properties.

Bee apiary visit with Aveole
Bee apiary visit with Aveole

PEOPLE & CULTURE

Sustainability demands equality.

Veris Residential is committed to actively attracting, inspiring, and engaging a diverse workforce, enabling everyone to feel welcome and flourish. Our inclusive and supportive culture has led to a high level of retention.

We seek to be a diverse company that reflects the various perspectives of the residents and communities it serves. We actively recruit, develop, and promote such diversity, and foster a culture in which everyone has an equal opportunity to be heard, understood, and appreciated. As of 2020, our workforce is 43% diverse and over 40% female.

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Our Community

Giving back moves us all forward.

At Veris Residential, we pride ourselves on being responsible corporate citizens, committed to continuously giving back to the communities where we work and live. We maintain a deep connection to causes that support children’s education and the arts, and we’re always looking for additional ways to give back and make an impact on people’s lives.

Our four primary philanthropic partners reflect our commitment to serving properties, people, and the planet. We proudly support Habitat for Humanity in building homes for those in need; American Red Cross in disaster relief efforts, regular blood drives, and other public health services; St. Jude Children’s Research Hospital in providing care for children with cancer, support for their families, and ongoing research; and the National Forest Foundation in preserving America’s vital forest ecosystems.

We also promote the philanthropic efforts of our team members by providing paid time off for volunteering and by matching their charitable contributions dollar for dollar.

All new developments shall be eligible for LEED or equivalent certification.

A minimum of 75% of construction waste created is diverted from landfills.

70% of our wholly owned residential properties have a WalkScore of 85 or higher.

First U.S. real estate company to become an EV100 member.

    Sustainability

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    OUR PROPERTIES

    Thank you.

    Reach out, connect, and thrive. The neighborhoods where Veris properties stand are places to participate fully in the life of the community.

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