Better Health for All

Veris Residential has achieved the WELL Health-Safety Rating for 100% of its managed properties and corporate headquarters.

It is also the first company globally to achieve the WELL Equity Rating across its entire managed portfolio and corporate headquarters, a rating designed to improve access for marginalized populations, indicating it defines global standards for health impact and equity programs. The company encourages preventative care by renaming "Sick Days" to "Wellness Days." Operations have achieved a 66% reduction in Scope 1 & 2 GHG emissions since 2019. , leading to negligible health-harming externalities. As a real estate investment trust, its core business does not generate revenue from products with negative health outcomes, nor does it offer health-related products or services requiring price accessibility or carry health risks requiring disclosure. The company does not hold healthcare-related patents, produce food products, conduct clinical trials, or have products with addiction potential.

Fair Pay & Worker Respect

Veris Residential achieved a Great Place to Work® certification score of 96 out of 100 in 2024

, with 96% of employees reporting it as a great place to work . The company also reported no gender pay gap in 2024, as measured by a third party . The CEO-to-median employee pay ratio for 2024 was 69:1 . Furthermore, the provided articles do not mention any specific regulatory actions, violations, fines, or compliance issues for the company.

Honest & Fair Business

Veris Residential received a 5-Star rating from GRESB for the third consecutive year, designated as a Regional Sector Leader for Residential-listed companies in the Americas

. This is the highest rating for ESG leadership and performance from a recognized transparency benchmark . The company also publishes an annual ESG report aligned with the Global Reporting Initiative and UN Sustainable Development Goals . The 5-Star GRESB rating indicates a high extent of independent verification of its ESG performance, encompassing ethical claims.

Kind to Animals

Veris Residential installed honeybee hives across 15 properties in 2023, following a pilot program at RiverHouse 11 in 2022.

The company maintains an inclusive pet policy, accepting domestic cats and dogs of all sizes with no breed restrictions in its communities. Every Veris property features amenities specifically for pets, including dog runs and dog-washing stations. Veris Residential partners with animal welfare organizations such as St. Hubert’s Animal Welfare Center, offering six months of free pet rent to residents who adopt a pet from St. Hubert’s by December 31, 2024. The company also hosted a pet adoption event with St. Hubert’s in fall 2024 at The BLVD Collection and provides residents with discounts and benefits through partnerships with pet care providers Happy Bond and Bond Vet.

No War, No Weapons

Veris Residential Inc. operates as a real estate investment trust focused on multifamily properties in suburban areas of the United States. Its core business activities do not involve arms manufacturing, military contracts, or conflict facilitation. The provided articles contain no evidence of revenue from defense contracts, development of dual-use technology, or sales to embargoed regimes.

There is also no information indicating operations in conflict-affected areas or involvement in activities that would necessitate specific policies or reporting on defense-related matters, such as arms trade compliance or military AI safeguards. While the company has a Human Rights Policy and a Supplier Code of Conduct, there is no specific evidence detailing their application to peacebuilding initiatives, humanitarian procurement standards, conflict minerals, or explicit alignment with UN Guiding Principles on Business and Human Rights.

Planet-Friendly Business

Veris Residential has SBTi-validated targets to reduce Scope 1 & 2 GHG emissions by 50% between 2019 and 2030, consistent with a 1.5°C climate scenario.

These targets were achieved ahead of schedule in 2022 with a 54% reduction. The company procures 100% of its operationally controlled electricity in the multifamily portfolio from renewable sources since 2021, primarily through Green-e RECs. As of 2024, 79% of its managed multifamily portfolio is Green Certified (LEED or equivalent). The waste diversion rate from landfill was 13.3% in 2024. The company reported zero non-compliance events with environmental laws and regulations in 2022 and no significant spills in 2024, though a CWA violation with "Payment Received" was recorded in 2019. Veris Residential is aligned with TCFD recommendations and reported this in its 2024 Sustainability Report. A third-party physical risk assessment was completed in Q1 2023, covering various climate hazards and projected impacts for 2030, 2050, and 2100 based on RCP 2.6, 4.5, and 8.5 scenarios. None of the company's properties are located in high or extremely high-risk water stress areas. For biodiversity, the company has installed 28 urban beehives across 14 properties and planted 46,105 trees since partnering with Ecologi.

Respect for Cultures & Communities

Veris Residential has established 12 formal partnerships with various organizations, including the International WELL Building Institute, U.S. Green Building Council, St. Jude Children’s Research Hospital, and Habitat for Humanity.

In 2024, 100% of employees participated in company-offered training, which included inclusivity sessions. Unconscious bias training is also implemented at the workforce and board levels. There are no reported cultural appropriation incidents or cultural site disruptions. The company does not report a formal cultural impact assessment protocol or a cultural incident response framework.

Safe & Smart Tech

Veris Residential experienced an unauthorized data use incident in February 2023, where a third party accessed sensitive consumer data, including names, Social Security numbers, financial account information, and driver's license numbers.

The company filed a notice of this data breach with the Massachusetts Attorney General , sent notification letters to impacted individuals , and offered 24 months of complimentary credit monitoring and identity restoration services . Following the incident, Veris investigated, assessed email security, and enhanced administrative and technical safeguards. The company demonstrates basic regulatory compliance by filing the data breach notice with the Massachusetts Attorney General and has internal processes for determining Exchange Act reporting obligations for cybersecurity incidents. For security training, 100% of employees participated in cybersecurity training in 2024, totaling 3,712 hours, or about 21 hours per employee. The company conducts mandatory annual and quarterly security awareness training , enhanced training in key topics , and remedial training based on usage patterns . Quarterly phishing exercises are conducted , with additional training for those who fail , and employee comprehension and training effectiveness are periodically tested .

Zero Waste & Sustainable Products

Veris Residential diverted 13.3% of non-hazardous waste from landfills in 2024.

The company has not reported any regulatory actions, violations, fines, or compliance issues related to waste or sustainability.