Veris Residential

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Veris Residential develops, owns, and manages premier multifamily properties. Additionally, the company owns four market-defining office assets on the Jersey City waterfront. We curate places and experiences that empower, inspire, and reward, while sustaining the planet we all share. Veris Residential unifies the vision and expertise of one of the country’s leading real estate investment trusts, Mack-Cali Realty Corporation, and its wholly owned subsidiary, Roseland Residential. Mission: Cultivating a true sense of community begins within. At Veris Residential, we offer residents the opportunity to make genuine connections by sustaining a lifestyle centered around our shared values. To embrace difference while discovering commonality. To celebrate and preserve the particular beauty of the moment—in the building, in the neighborhood, in every encounter. In pursuit of our mission—a program designed around Properties, People, Planet—EMBRACE by Veris Residential formalizes our diversity, equity & inclusion, philanthropy, and sustainability efforts.

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4.4

Overall Excellence Rating

Industry

Commercial Real Estate

Category

Real Estate

ESG/Ethical Impact

We established a dedicated ESG team under the leadership of Karen Cusmano, and are working to further advance our ESG actions and reporting. We formalized our approach to ESG initiatives through the creation of Embrace by Veris Residential, and committed to reducing our carbon footprint and increasing our employee diversity across the organization, creating even stronger alignment between our team and our communities. We redefined the apartment living experience by creating best-in- class communities designed to prioritize residents’ sustainability values. We recently launched leasing at Haus25, which encapsulates our vision for the future—to create immersive, responsible spaces that align with goals related to health, wellness, and holistically inspired living. We also adopted cutting-edge technology to improve energy consumption and upgraded building management systems to include smart meters and thermostats as well as remote energy conservation via mobile devices. Furthermore, all our wholly owned multifamily properties were awarded the WELL Health-Safety certification in 2021. Our people are our greatest asset, and we have taken steps to foster an even more equitable, diverse workplace that attracts and retains top talent. We implemented company-wide DE&I training including unconscious bias training at the employee and board level, signed the CEO Action for Diversity & Inclusion pledge, and committed to achieving gender equality across our entire organization by 2025. As of year-end, our workforce was 40% female and 50% diverse, and in early 2022 we were certified as a Great Place to Work® following an independent survey. We believe it’s important to not only promote a strong sense of community within our workplace and our residences, but also beyond their walls, and we remain committed to supporting local and national philanthropic initiatives. We have a responsibility to reduce our carbon footprint and have committed to reducing Scope 1 and 2 emissions by 50% by 2030, aligning ourselves with the Science Based Targets initiative. We are already well on the way to meeting this target, with 2021 Scope 1 and 2 portfolio emissions standing 34% below 2019 levels. Additionally, 100% of our wholly owned multifamily properties have procured renewable electricity and 33% are Green Certified.

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Awards Received

2023

Revenues

$350,000,000.00

Website Traffic

Employee Rating

3

Customer Rating

4.8

Company Size

100-1000

ESG Risk Rating

4

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