Veris Residential, Inc., is an environmentally and socially conscious publicly traded real estate investment trust (REIT) that primarily owns, operates, acquires, and develops holistically inspired Class A multifamily properties that meet the sustainability-conscious lifestyle needs of today's residents. The Company acknowledges its responsibility and is committed to doing its part to reduce energy consumption and emissions, as demonstrated by its new emissions targets and investments in low-carbon initiatives. Sustainable buildings promote lower greenhouse gas (GHG) emissions, water usage, and waste consumption. Veris Residential’s ongoing investments in smart building technologies support projects like submetering, off-site renewable energy, smart irrigation, and leak detection.
PORTFOLIO-WIDE LEADERSHIP COMMITMENTS
50% GHG reduction in 10 years
20% reduction in Energy Intensity
VERIS RESIDENTIAL IS PARTICIPATING IN THE FOLLOWING DOE AND HUD PROGRAM:
|Better Climate Challenge||Water Savings Network|
Veris Residential is committed to reducing its Scope 1 and 2 GHG emissions by 50% (2019 baseline) by 2030, and this goal has been validated by the Science Based Targets initiative (SBTi). The Company’s like-for-like Scope 1 and 2 emissions were 34% below 2019 in 2021, and the Company procured 100% of operationally controlled electricity within its multifamily portfolio in 2021 from renewable sources. As of July, 2022, 41% of the Company’s wholly owned multifamily portfolio had Green Certifications, and that number continues to increase. Veris Residential also plans to install EV charging points across all of its properties.
Veris Residential is a New Jersey-based real estate company that owns approximately 6,500 units of market-rate housing across the states of New Jersey, Massachusetts, and New York.
|GHG Emissions Goals|
|50%Reduction in Scope 1 & Scope 2 Emissions||Progress|
|20%Reduction in Water Intensity||Progress|