2022 ESG Report
SERVING PROPERTIES, PEOPLE, AND THE PL ANE T.

Table of Contents
Letter From Our CEO	
3
About the Company	
5
	
About Veris Residential	
6 
	
Top 2022 ESG Achievements	
8
	
Memberships and Awards	
9
	
ESG Governance Framework	
12
	
Materiality Assessment	
14
	
Material Topics, ESG Risks and Opportunities	
16
	
2022 Goals and Targets	
17
The Environment	
19
	
Climate Resilience 	
21
	
Sustainable Development 	
23
 
Sustainable Certification  
24
	
Pathway to Decarbonization	
29
	
Measuring Our Carbon Footprint 	
30
	
Reducing Energy Consumption 	
33
	
Circular Economy 	
38
	
Biodiversity 	
43
People, Culture & Community	
45
	
Our Approach to Social Impact	
 47
	
Our People	
48 
	
Diversity, Equity & Inclusion (DE&I)	
50
	
WELL Equity Rating	
53
	
Employee Health & Well-Being	
54
	
Training and Professional Development	
56
	
Employee Engagement	
 59
	
Resident Engagement	
60 
	
Resident Sustainability Awareness Program	
61
	
Our Communities	
68
	
Health & Safety	
70
	
Philanthropy	
75
Ethics, Compliance & Governance	
78
	
Board of Directors	
 80
	
Stakeholder Engagement	
81
	
Ethics & Compliance	
 83
	
Responsible Supply Chain	
86
	
Cybersecurity	
88
ESG Data Tables	
89
	
ESG Data Tables – Environmental	
90
	
ESG Data Tables – Social	
96
About This Report	
98
	
About This Report	
 99
	
GRI Content Index	
102 
	
TCFD Disclosure	
106
	
Glossary	
 109
	
Forward-Looking Statements	
111

ESG REPORT 2022
Letter From Our CEO
Over the last two and a half years, we have significantly enhanced our Company’s efforts to fulfill our stated 
commitment of creating ‘Communities with Purpose’ by implementing sustainable best practices across 
our portfolio and valuing diversity, equity, and inclusion across our company. In late 2021, as a part of our 
rebrand to Veris Residential, we introduced Embrace by Veris Residential, under which all our sustainability, 
DE&I, and philanthropy efforts reside. Throughout 2022, Veris Residential and our associates were 
honored to receive many awards for our team’s dedication to being a responsible owner/operator, further 
solidifying our company as a leader in ESG.  
Despite 2022 being our first year participating in the Global Real Estate Sustainability Benchmark (GRESB), 
we earned a 5-Star rating with a score of 88 (out of 100). We were recognized among the highest 20% of 
the 1,820 participant companies globally and received a GRESB Public Disclosure rating of “A."
We are proud of all that we have accomplished on behalf of our stakeholders over the past 12 months. 
Looking ahead, we will continue to evaluate opportunities to enhance our properties with amenities that 
meet our residents’ sustainability-conscious lifestyle preferences, empower our employees with the tools 
they require to reach their full potential and mitigate our carbon footprint in support of our communities 
and the planet—all while creating value for our shareholders.  
 
The Planet 
Veris Residential committed to reducing Scope 1 & 2 emissions by 50% by 2030, an objective validated by 
the Science Based Targets initiative (SBTi). Last year, we shared that we were well on our way to meeting 
this target, with 2021 Scope 1 & 2 portfolio emissions standing 36% below 2019 levels. Building on 
this momentum, we are pleased to report that we not only met but exceeded our 2030 goal, reducing 
like-for-like emissions by 54% as of year-end 2022 (compared to the 2019 baseline). Additionally, we 
surpassed our goal of reducing our energy consumption by 20% by 2030 well ahead of schedule, cutting 
consumption by 24% over the last three years.  
With these milestones complete, we have been focused on significantly enhancing our disclosure with 
respect to Scope 3 emissions and are proud to cover more than 90% of our operational carbon footprint 
in our current disclosure. We have also set a new target to decrease our water consumption by 20% 
between 2020 and 2030. Further reducing our energy and emissions, as well as water consumption and 
waste generated, will be largely impacted by our residents’ behaviors. For this reason, and as part of our 
broader resident engagement program, we have instated green lease amendments across 90% of our 
portfolio, outlining our residents’ commitments to reducing energy and resource consumption.
We believe innovation in the real estate industry requires diverse perspectives, and as such, earlier this 
year, we became a strategic partner to Massachusetts Institute of Technology’s Center for Real Estate 
(MIT/CRE). By combining MIT/CRE’s extraordinary resources and wealth of knowledge in the field with our 
practical, forward-thinking approach to managing multifamily properties, together we hope to research, 
develop and implement innovative solutions that advance and evaluate the future of multifamily real 
estate operations. 
 
Our Properties   
Nearly 60% of our managed multifamily portfolio was Green Certified (LEED® or equivalent) by the end 
of 2022, significantly more than the 42% achieved at the end of 2021. This milestone excludes our most 
recently delivered high-rise, Haus25, which is awaiting LEED® Silver certification.  
We continuously solicit feedback from our residents related to their overall satisfaction and, more 
specifically, sustainability and wellness matters. Our recent survey showed that out of 1,300 respondents, 
over 90% are concerned about the environment. The vast majority are interested in our on-site 
sustainability programming and value the sustainability-conscious amenities available throughout the 
buildings and in their homes.  
(continued on next page)
Dear Stakeholders, 
3

ESG REPORT 2022
Mahbod Nia,  
Chief Executive Officer
As such, we continue to focus on offering a wide range of sustainability-conscious amenities to our residents, 
ranging from ENERGY STAR® appliances and ecobee® smart thermostats to EV charging stations, which are 
currently present in 65% of our portfolio. During 2022, we piloted composting at select properties and will expand 
this amenity offering more broadly throughout 2023. Additionally, we expanded the installation of SOURCE® 
Hydropanels to Haus25 and introduced hydroponic farming. After piloting the installation of urban beehives at 
RiverHouse 11, we have recently expanded the program, introducing beehives to 15 properties, further progressing 
our commitment to biodiversity.  
 
Our People  
We continue to advance our commitment to diversity, equity and inclusion, or DE&I, both inside the walls of Veris 
Residential and outside our doors in the communities we serve. This commitment is reflected in the WELL Equity 
Rating achieved in 2023 by each of our managed properties, as well as our corporate headquarters. As the first 
multifamily company globally to achieve this rating across its portfolio, we continue to set the curve in creating 
environments where everyone can thrive.  
We achieved gender equality at the management level two years ahead of our stated 2025 goal and have set a 
new goal of achieving 25% racially/ethnically diverse representation at the management level by 2025. We also 
conducted a third-party gender pay equity assessment, which reflected a pay gap of only 2%, demonstrating our 
equitable approach to compensation. Further reflecting our progress, earlier this year, Veris Residential was named 
a member of the 2023 Bloomberg Gender-Equality Index. We have seen first-hand how the positive changes made 
at the Company have greatly impacted our people and culture, as evidenced by Veris Residential’s certification as a 
Great Place to Work® for the second year in a row. 
The built sector has a significant impact on global carbon emissions, and as such, we strive to view our business 
through the lens of sustainability every day. We have taken meaningful steps over the past year to further mitigate 
our carbon footprint and combat climate change for the well-being of our residents, employees, suppliers, 
and communities.  
Every day, I am inspired by the Veris Residential team’s commitment and enthusiasm. We are proud of the progress 
we made throughout 2022 and into this year and remain steadfast in our commitment to being a responsible, 
purpose-driven business as we seek to continue creating value for all our stakeholders. 
Mahbod Nia, CEO, Veris Residential
4

ESG REPORT 2022
About Veris Residential
6
Top 2022 ESG Achievements	
8
Memberships and Awards	
9
ESG Governance Framework	
12
Materiality Assessment	
14
Material Topics, ESG Risks and Opportunities	
16
2022 Goals and Targets	
17
About the 
Company
THE ENVIRONMENT
PEOPLE, CULTURE & COMMUNIT Y
E THICS, COMPLIANCE & GOVERNANCE
ESG DATA TABLES
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ABOUT THE COMPANY
5

ESG REPORT 2022
Veris Residential, Inc. (“Veris Residential,” “Company,” or “We”) is a forward-thinking, 
socially conscious real estate investment trust (REIT) that primarily owns, operates, 
and develops multifamily properties throughout the Northeast.
Our company is underpinned by high-quality assets, strong corporate governance, and best-in-class 
technology and operational infrastructure, as well as an experienced team of leading management, leasing, 
and development executives.
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 shared values. We embrace our 
differences, while discovering commonality. We celebrate and preserve the beauty of life’s special moments—
in our buildings, our neighborhoods, and every encounter. Embrace by Veris Residential is a program based 
on “Serving Properties, People, and The Planet.” It formally aligns our DE&I, philanthropy, and sustainability 
efforts with our mission.
RiverHouse 9, Weehawken, NJ
THE ENVIRONMENT
PEOPLE, CULTURE & COMMUNIT Y
E THICS, COMPLIANCE & GOVERNANCE
ESG DATA TABLES
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ESG REPORT 2022
“We believe that the return on invesment from our ESG 
initiatives goes beyond just the financials and pays 
dividends for future generations.”
AMANDA LOMBARD, CHIEF FINANCIAL OFFICER
For all those looking to live, work, and invest in ways more connected to community ideals, 
Embrace by Veris Residential provides an open door to becoming more sustainable, equitable, 
and responsible every day when it comes to living a sustainability-conscious lifestyle, working 
with others for the greater good, and investing in ways to make the world a better place for all.
Planet
We create living and working 
experiences that enhance 
the well-being of our 
residents, our employees, and 
the planet.
People
We are continuously 
pursuing meaningful 
actions to hire, retain, 
and support a workforce 
that reflects the human 
fabric of the communities 
we serve.
Properties
Through resident 
engagement, we partner 
with national and local 
organizations working 
to serve people’s needs, 
address persistent 
problems, and enable 
entire communities 
to thrive.
Veris Employees at St. Jude Walk in Boston
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ESG REPORT 2022
Top 2022 ESG Achievements 
We made progress towards our climate goals and invested in numerous programs across our company.
Increased
From
42% to
Launched 
Ethics
Hotline
Launched 
Supplier 
Diversity 
Program
Rooftop Beehives
Hydroponic Farms
SOURCE® Hydropanels
Great
Place to 
Work 
Certified 
Implementation of Strategies 
for Portfolio-Wide
WELL Equity Rating
Reduction in
Scope 1 & 2 
Emissions
90% of Leases
Introduced Green
Lease Addendum to
Ahead of 
2025 Goal 
Met Gender Equality Target 
at Management Level
Piloted ESG Amenities in Hopes of 
Rolling-Out Portfolio-Wide: 
Upon 1st Submission
(91% score)
(compared to 2019)
Share of Green
Certified Properties 
Inclusion in 
the Bloomberg 
GEI Index
54%
58%
Water Bottles
Saved
Through Property & 
Corporate Office
Drinking Fountains
484,000
of Operational 
Carbon Footprint 
Disclosed
>90%
for Residents 
and  
Employees
Planted
10,000 
Trees
Joined 1% Pledge
(Including Scope 3)
THE ENVIRONMENT
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8

Karen Cusmano
Women in Real Estate Award,
New York & Tri-State
Veris Residential
Best Company, Happiness
Veris Residential
Best Company, Diversity
Veris Residential
Best Company, Culture
Veris Residential
Best Company, Benefits
Mahbod Nia
Best CEO for Women
Mahbod Nia
Best CEO for Diversity
Nicole Jones
Marketing Executive, Gold
Veris Residential
Development Company, Gold
Capstone
Best Amenities, Silver
Veris Residential
Multifamily Influencers
Anna Malhari
Multifamily Influencers
Nicole Jones
Women of Influence
Karen Cusmano
Women of Influence
145 Front Street
President’s & Achievements
Award, Large Community
Veris Residential
Best Places to Work
Mahbod Nia
Power in 50,
Commercial Real Estate
Veris Residential
Climate Control Leader
Veris 
Residential
Great Place to 
Work Certified
ESG REPORT 2022
ALIGNMENT WITH INDUSTRY CODES 
& VOLUNTARY BEST PR ACTICES
Climate Disclosure Project (CDP)
GRI Core Option
Task Force for Climate and Financial Disclosures (TCFD)
UN Sustainable Development Goals (SDG)
UN Global Compact Communication on Progress
Science Based Targets initiative (SBTi)
SIGNATORY
CEO Action for Diversity Pledge
UN Global Compact
UN Women Empowerment Principles (WEPs)
MEMBERSHIPS
EV100
GRESB
USGBC
National Minority Supplier Development Council (NMSDC)
Women’s Business Enterprise Council (WBEC) Metro NY 
and Greater DMV
DOE Better Buildings Initiative - partners in the Better 
Climate Challenge and Water Savings Network
Memberships
2022 Awards
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PORT IMPERIAL, NJ
Capstone 	
n n n
RiverTrace	
n n n
RiverHouse 9	
n n n
RiverHouse 11	
n n n
MORRIS COUNT Y, NJ
Metropolitan at 40 Park	
n n
Metropolitan Lofts	
n n
Signature Place	
n n
H ARRISON, NJ
RiverPark at Harrison (1)	
	
SHORT HILLS, NJ
The Upton	
n n
JERSEY CIT Y, NJ
Corporate Office(3)	
n n
BLVD 401	
n n n
BLVD 425	
n n
BLVD 475	
n n
Soho Lofts	
n n
Urby(1)	
Haus25(2)	
n n n
Liberty Towers	
n n n
Harborside 5(3)	
n n n
Harborside 6(3)	
n n
BERGEN COUNT Y, NJ
The James	
n n n
NEW YORK
Quarry Place	
n n n
MASSACHUSE T TS
145 Front at City Square	
n n n
Portside I/II at East Pier	
n n n
The Emery	
n n n
WASHINGTON, D.C.
Station House (1)	
n LEED Certified®        n ENERGY STAR®        n WELL Health-Safety Rating        n WELL Equity Rating4        n National Green Building Standard        n WiredScore
1) Third party managed
2) Awaiting certification, pursuing LEED® Silver
3) Office buildings
4) Achieved in 2023
ESG REPORT 2022
Establishing Veris Residential  
as a Pure-Play Multifamily REIT
ASSETS AT A GL ANCE
THE ENVIRONMENT
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ESG REPORT 2022
Explanation of Building
Recognitions & Certifications
LEED ® CERTIFICATION  
LEED® is among the most esteemed and pervasive green building certification programs in the world. 
Developed by the USGBC in 1998, the designation demonstrates a building owner’s commitment to 
sustainable operations and resource efficiency.
ENERGY STAR ® 
This is the government-backed symbol for energy efficiency. The blue ENERGY STAR® label provides 
simple, credible, and unbiased information that consumers and businesses rely on to make well-informed 
decisions. ENERGY STAR® is administered by the U.S. Environmental Protection Agency. 
WELL HEALTH-SAFET Y R ATING 
The WELL Health-Safety Rating focuses on operation policies, maintenance protocols, emergency plans, 
and stakeholder education to address building environments.
WELL EQUIT Y R ATING 
The WELL Equity Rating is a set of evidence-based strategies from the WELL Standard for transforming 
how places are designed, operated, and managed to create environments where everyone can thrive.
NATIONAL GREEN BUILDING STANDARD (NGBS) 
The National Green Building Standard® (NGBS) is an ANSI-approved, third-party certified, residential 
building standard. The NGBS certification demonstrates high-performance building in six areas: lot design 
and development, resource efficiency, water efficiency, energy efficiency, indoor environmental quality, 
and building operation and maintenance.
WIREDSCORE 
A certification program that assesses and recognizes the quality and reliability of a building’s digital 
infrastructure and connectivity. It evaluates factors such as internet connectivity, network resilience, and 
technological capabilities to ensure that buildings meet the needs of modern tenants and occupants. 
WiredScore certification provides assurance to tenants that a building offers high-quality digital 
infrastructure and supports the technology demands of today’s digital age.
“As the first company to achieve the third-party verified WELL Equity 
Rating across an entire portfolio, Veris Residential further cements 
its place as a global leader in creating inclusive and equitable 
communities. The enterprise-wide application of health-focused 
strategies grounded in the WELL Standard speaks volumes to Veris 
Residential’s unwavering commitment to put people first and 
prioritize human health and well-being.”
R ACHEL HODGDON, PRESIDENT AND CEO,  
INTERNATIONAL WELL BUILDING INSTITUTE
THE ENVIRONMENT
PEOPLE, CULTURE & COMMUNIT Y
E THICS, COMPLIANCE & GOVERNANCE
ESG DATA TABLES
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11

ESG REPORT 2022
ESG Governance Framework
STRATEGY
STEERING 
OPERATIONAL
Quarterly
Communication
Bi-Weekly
Communication
Annual Goals &
Targets Review
Participation
BOARD OF DIRECTORS
ESG TASK FORCE
DE&I COUNCIL
SUSTAINABILITY & ESG TEAM
C-SUITE MANAGEMENT
NESG COMMITTEE
EMPLOYEE RESOURCE GROUPS
Portion of Performance Bonus
Linked to ESG
EMPLOYEES
100% of employees have an annual ESG accountability
100% of employees have access to ESG training
Veris Residential is committed to integrating 
environmental, societal, and social considerations 
into our governance and corporate ESG strategy. 
The Company’s Sustainability & ESG team, led by our 
SVP, Head of Sustainability & ESG, is responsible for 
defining and implementing the Company’s strategy 
and goals. This department reports to the Chief 
Operating Officer. The Company’s ESG Task Force, 
which meets on a monthly basis, was established 
in 2020 and is comprised of representatives of 
Senior Management, including the Chief Operating 
Officer, the General Counsel, and members of the 
Sustainability & ESG team. 
The Company’s operational teams, with support 
from the Sustainability and ESG Department, are 
responsible for managing ESG projects. Part of 
the Company’s executive officers' annual variable 
compensation is linked to the achievement of ESG 
objectives. Employees who receive annual variable 
compensation awards are also expected to have 
ESG-related accountabilities in their performance 
plans. We continue to see positive outcomes from our 
ongoing investment in our employees and Company 
culture—and expect that this investment will pay 
dividends in the form of fostering the next generation 
of Company leadership.
ESG strategy, risks, and opportunities are regularly 
reviewed, In 2020, Veris Residential’s Board of 
Directors formed an ESG Committee with direct 
oversight over environmental and social matters. The 
committee meets at least quarterly, and all meetings 
held in 2022 were attended by more than 75% of 
committee members. 
In May 2023, the Board combined the Nominating 
and Corporate Governance and Environmental, 
Social and Governance committees, forming the 
Nominating, Environmental, Social and Governance 
Committee (“NESG Committee”). The NESG 
Committee provides advice and direction in setting 
general ESG strategy; developing, implementing, 
and monitoring initiatives; and overseeing 
communications with employees, investors, and 
stakeholders with respect to ESG matters (including 
human rights, climate change, and other issues). 
The Company’s material ESG Policies, including the 
Sustainability and Human Rights Policies as well 
as major ESG targets, are approved by the NESG 
Committee or the Board. 
THE ENVIRONMENT
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ESG REPORT 2022
Approach to ESG Reporting
At Veris Residential, we offer residents the opportunity to make genuine connections by sustaining a 
lifestyle centered around our shared values. Embrace by Veris Residential formalizes our diversity, equity, 
and inclusion; philanthropy; and sustainability efforts centered around the following focus areas: 
•	 Energy & Greenhouse Gas (GHG) Emissions
•	 Sustainable Cities
•	 Health & Well-Being
•	 Diversity, Equity & Inclusion (DE&I)
•	 Stakeholder Engagement
Veris Residential uses the Global Reporting Initiative (GRI) Standards as a basis for disclosure. Our 2022 
ESG Report was prepared in accordance with the GRI 2016 Standards: Core option. Since 2020, we 
have further enhanced the transparency of our ESG reporting by: 
•	 Incorporating further recommendations of the Task Force on Climate Related Financial Disclosures 
(TCFD) into our climate resiliency strategy and corporate transparency efforts (see TCFD Disclosure 
for details)
•	 Aligning our targets and initiatives with the United Nations Sustainable Development Goals (SDGs)
RiverTrace, West New York, NJ
THE ENVIRONMENT
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E THICS, COMPLIANCE & GOVERNANCE
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ESG REPORT 2022
Materiality Assessment
Veris Residential updated and expanded its materiality assessment 
with key stakeholders to identify economic, environmental, and social 
impacts, as well as evaluate topics material to how we engage with 
our residents, investors, employees, and industry bodies.
The assessment has been conducted by the Company’s ESG Task 
Force, which includes members of Senior Management, the Board of 
Directors, employees and external stakeholders including residents, 
vendors, community leaders and philanthropic partners. The identified 
topics were ranked based on their impact on Veris Residential and 
its stakeholders. Results of the assessment are summarized in the 
materiality matrix shown to the right.
Veris Residential includes material topics (“Material Topics”) 
highlighted in the matrix and selected non-material topics within this 
report. This materiality analysis forms our GRI reporting structure in 
all reports and will be taken into account as we contemplate future 
strategic planning and goal setting.
Energy & GHG Emissions
Sustainable Cities
Health & Well-Being
DE&I
Stakeholder Engagement
Internal Stakeholders
External Stakeholders
Anti-Corruption
Biodiversity
DE&I
Charitable Giving
Climate Change Resilience
Economic Performance
Employee Well-Being
Employee Attraction and Retention
Energy
Environmental Compliance
Greenhouse Gas Emissions
Human Rights
Innovation and Technology
Local Community Engagement
Occupational Health and Safety
Public Policy
Stakeholder Engagement
Supplier Responsibility (E&S)
Training & Education
Transparency & Reporting
Waste
Water
3.75
4.00
4.25
4.50
4.75
5.00
4.00
4.25
4.50
4.75
5.00
THE ENVIRONMENT
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E THICS, COMPLIANCE & GOVERNANCE
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ESG REPORT 2022
United Nations Sustainable Development Goals (UN SDG)
In 2015, all 193 Member States of the United Nations adopted a plan to tackle the world’s most pressing social, 
economic, and environmental challenges. This plan includes 17 Sustainable Development Goals (SDGs) that apply 
universally to all nations and seek to end extreme poverty, fight inequality and injustice, and protect our planet.
End poverty in all its 
forms everywhere
End hunger, promote 
sustainable agriculture, 
achieve food security, and 
improved nutrition
Ensure healthy lives and 
promote well-being, 
regardless of age
Ensure inclusive and 
equitable quality education 
and promote lifelong 
learning opportunities 
for all
Achieve gender equality 
and empower all women 
and girls
Ensure availability and 
sustainable management of 
water and sanitation for all
Ensure access to affordable, 
reliable, sustainable, and 
modern energy for all
Promote sustained, inclusive 
and sustainable economic 
growth, full and productive 
employment, and decent 
work for all
Build resilient infrastructure, 
promote inclusive and 
sustainable industrialization, 
and foster innovation
Reduce inequality within  
and among countries
Make cities and human 
settlements inclusive, safe, 
resilient, and sustainable
Ensure sustainable 
consumption and 
production patterns
Take urgent action to  
combat climate change  
and its impacts
Conserve and sustainably 
use the oceans, seas, 
and marine resources for 
sustainable development
Protect, restore and promote 
sustainable use of terrestrial 
ecosystems, sustainably 
manage forests, combat 
desertification, halt and reverse 
land degradation, and halt 
biodiversity loss
Promote peaceful and 
inclusive societies for 
sustainable development, 
provide access to justice 
for all, and build effective, 
accountable, and inclusive 
institutions at all levels
Strengthen the means 
of implementation 
and revitalize the 
global partnership for 
sustainable development
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ESG REPORT 2022
Material Topics, ESG Risks and Opportunities
ENERGY & GHG EMISSIONS
SUSTAINABLE CITIES
HE ALTH & WELL-BEING
DE&I
STAKEHOLDER ENGAGEMENT
MATERIAL TOPIC
•	Greenhouse Gas Emissions
•	Energy
•	Environmental Compliance
•	Climate Change Resilience
•	Employee Well-Being
•	Health & Safety
•	Diversity, Equity & Inclusion
•	Employee Attraction & Retention
•	Human Rights          
•	Transparency & Reporting
•	Anti-Corruption       
•	Stakeholder Engagement
MAIN 
GOAL / K PI
50% reduction in Scope 1 & 2 emissions 
between 2019 and 2030
Increase percentage of Green-Certified 
properties
100% of managed properties have WELL Health-
Safety Rating
•	100% of the managed portfolio has WELL Equity Rating
•	Bloomberg GEI Index Inclusion
•	Independent employee engagement score above 
national average
•	Voluntary ESG disclosure through CDP and GRESB
RISKS
Increased operating costs and supply 
problems in the event of increasing 
scarcity of energy resources
As climate change becomes more 
material to tenants, residents, and other 
stakeholders, behavioral changes and shifts 
in demand requirements may be observed. 
The risk of the Company’s products not 
meeting occupational preferences may 
result in lower demand for the Company’s 
assets.
•	Financial impacts in the event of the occurrence 
of health risks (air pollution, water pollution), 
security risks (delinquency, attacks), and safety 
risks (fire, flood)
•	Drop in revenue due to operating losses of 
affected tenants and residents
•	Damage to the Company's reputation
•	Difficulties in recruiting and retaining employees for strategic 
positions in a highly competitive job market
•	Lack of innovation due to low diversity (age, gender, 
academic background, etc.)
•	Lower productivity and high staff turnover if not able to retain 
talent
•	Loss of skills and knowledge in the event of high staff turnover
•	Loss of business and, as a result, a risk for the 
Company’s rental income, in the event of a downturn 
in the local economic fabric 
•	Drop in productivity and increase in absenteeism and 
staff turnover due to poor quality of life at work
Please refer to TCFD Disclosure for transition and physical risks discussion.
OPPORTUNITIES
•	Keep energy consumption–related 
costs down
•	Competitive advantage and 
enhanced reputation as an 
environmentally-conscious landlord
•	Own and manage environmentally-
certified, energy-efficient, and resilient 
buildings that attract tenants and 
residents, while increasing asset value
•	Sourcing low-carbon energy and tackling 
climate change helps attract investors
•	Ensure highest level of tenant and resident 
comfort and satisfaction as a differentiating 
factor in an increasingly competitive 
environment, to develop brand recognitioin and 
improve resident retention
•	Recruit the best talent through employer brand recognition 
and core values
•	Develop employees’ skills and support their development
•	Build on the Company’s real estate projects to create 
local jobs
•	Establish the assets within their catchment areas and 
foster community cohesion through the links forged 
with local non-profit organizations
UN SDG
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ESG REPORT 2022
2022 Goals and Targets
We are committed to holding ourselves accountable across our key focus areas by setting targets that are measurable and time-bound, and regularly reporting on progress toward those targets—both internally and 
externally. We also recognize our responsibility in contributing to broader efforts to create a more sustainable future for all and have aligned our targets to the United Nations Sustainable Development Goals (SDGs).
GOAL
RESULTS
STATUS
UN SDG
ENERGY &  
GHG EMISSIONS
SBTi validated goal to reduce GHG (Scope 1 & 2 Market 
Based Combined) emissions by 50% between 2019 and 
2030
The Company’s like-for-like Scope 1 & 2 GHG were 54% below 2019 levels in 2022.
20% reduction in energy consumption between 2019 
and 2030
The Company’s energy consumption was 24% below 2019.
Company disclosure covering >95% of carbon footprint 
from our operations
Significantly enhanced Scope 3 disclosure in 2022, contributing to >90% coverage of operational 
carbon footprint. Embedded carbon calculation to be included in future developments.
Procure 100% of operationally controlled electricity 
within the multifamily portfolio through renewable 
energy 
Since 2021, the Company procured 100% of operationally controlled electricity within the 
multifamily portfolio from renewable sources.
SUSTAINABLE
CITIES
Continue to increase share of Green Building 
Certifications across the managed multifamily properties 
58% of our managed multifamily portfolio was Green Certified as of March 31, 2023, up from 42% 
at the end of 2021.
EV charging points at 100% of properties by 2030
EV charging points are currently in place across 65% of the portfolio.
20% reduction in water consumption between 2020 and 
2030
2022 water consumption in line with 2020 base year.
Complete physical risk assessment for all multifamily 
properties
Physical risk assessment completed in Q1 2023 across various scenarios and time frames.
Achieved
New Goal
Ongoing Goal
On Track
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ESG REPORT 2022
GOAL
RESULTS
STATUS
UN SDG
HE ALTH & 
SAFET Y
Focus on health and well-being offering for our 
residents and employees
All managed multifamily assets, Harborside 5 and 6, and our corporate headquarters, achieved 
WELL Health-Safety Rating.
Annual air- and water-quality testing
Annual air- and water-quality testing is performed across the managed multifamily portfolio.
DE&I
Achieve gender equality at management level by 2025
Of employees at management level or above, 52% are female as of December 31, 2022, meeting 
this target ahead of schedule.
25% of management-level employees to be racially/
ethnically diverse by 2025
19% of management-level and 25% of senior management level employees are racially/ethnically 
diverse as of December 31, 2022.
Increase spend with minority and/or women-owned 
suppliers by 25% in 2023
New procurement platform allows for easier monitoring and procurement of services from a 
diverse set of suppliers.
RESIDENT 
ENGAGEMENT
Sustainable Addendum included in 100% of all leases 
90% of all leases currently include a Sustainability Addendum, aligning our residents with 
Company goals and encouraging them to help us reduce energy, carbon emissions, and water 
usage.
Resident ESG Awareness Program introduced in 2023
A comprehensive resident engagement program is being rolled-out on the back of a resident 
survey, including a variety of engagement methods. We will continuously monitor resident 
feedback through customer satisfaction surveys.
EMPLOYEE
Provide training including DE&I and Cybersecurity to 
100% employees
In 2022, 99% of employees participated in training offered by the Company, including DE&I and 
cybersecurity sessions.
Commitment to Living Wage
We have obtained “Leading Living Wage For US Employer” certification, validating our 
commitment to paying a family Living Wage to all employees.
Maintain an above-average Employee Engagement 
Score, as determined by an independent engagement 
survey
The Company maintained its Great Place To Work® certification, increasing our score to 91 
compared to national average of 57.
Commitment to charitable and volunteering 
opportunities
Continue our commitment to the employees’ charitable organizations and support their volunteer 
activities through participating in Pledge 1%.
Achieved
New Goal
Ongoing Goal
On Track
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ESG REPORT 2022
The  
Environment
Climate Resilience 	
21
Sustainable Development 	
23
Sustainable Certification  
24
Pathway to Decarbonization	
29
Measuring Our Carbon Footprint 	
30
Reducing Energy Consumption 	
33
Circular Economy 	
38
Biodiversity 	
43
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ESG REPORT 2022
2022 Highlights
Bennett Labrador, Marketing Coordinator, and Susan 
Grosso, VP of Marketing, learning about bees at Alvéole
2022 Highlights
•	 Met the goal of reducing Scope 1 & 2 emissions by 
50% by 2030 compared to a 2019 baseline. (Actual 
reduction 54%.)
•	 Achieved target of reducing energy consumption 
by 20% by 2030, well ahead of schedule with a 
24% reduction in over 3 years  (between 2019 
and 2022).
•	 Disclosed over 90% of our operational 
carbon footprint.
•	 Introduced new target of reducing water 
consumption by 20% between 2020 and 2030.
•	 58% of the portfolio is Green Certified (compared 
to 42% at the end of 2021).
•	 Opened Veris Farm at The BLVD Collection. 
•	 Piloted rooftop honey bees at RiverHouse 11 and 
rolling-out to 15 properties.
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ESG REPORT 2022
Climate Resilience
ASSESSMENT OF CLIMATE-REL ATED RISKS AND OPPORTUNITIES
Climate change represents a global challenge for all economic players, and Veris Residential 
recognizes the importance of effective identification, monitoring, and management of climate-related 
risks and opportunities across our business.
The ESG Task force has identified, assessed, and characterized the Company’s risks and opportunities 
associated with the effects of climate change. We are also transparent about our climate risks, in 
accordance with the 11 recommendations of the Task Force on Climate-related Financial Disclosures 
(“TCFD”).  Please refer to our TCFD Disclosure for more details.
We consider climate-related risks and opportunities over three time horizons: 
•	 Short (1-5 years)
•	 Medium (5-10 years)
•	 Long-term (10+ years)
Our risk review process has highlighted the need for a greater focus on transitional risk connected 
with legislative change, both at the federal and local level in the short-term. We are also cognizant of 
the changing needs and preferences of our residents, who require more sustainable living options, 
impacting how we operate, communicate and collaborate with our suppliers. In the longer-term, we 
expect the transitional risks to be amplified by the greater impact of physical risks, both within our 
supply chain and also directly in our markets.
Joined MIT/CRE as Strategic Partner
We joined Massachusetts Institute of Technology’s Center for Real Estate (MIT/CRE) as a strategic partner and 
will continue our pursuit of operational excellence underpinned by innovation across our offices, properties, 
and the communities in which we operate. By combining MIT/CRE’s extraordinary resources and wealth of 
knowledge in the field with our practical, forward-thinking approach to managing multifamily properties, 
together we hope to research, develop, and implement innovative solutions that advance and evaluate the 
future of multifamily real estate operations.
Physical Risks
As part of our proactive measures to increase awareness and preparedness for the potential impacts of 
climate change, we engaged a third party to survey our portfolio and assess potential physical risks across 
several climate hazards: tropical cyclone, river flood, sea level rise, fire weather stress, drought stress, heat 
stress and precipitation stress. The risk scores consider projected climate impacts for 2030, 2050 and 2100 
based on three scenarios (Representative Concentration Pathway (“RCP”) 2.6, 4.5 and 8.5. Please refer to our 
TCFD Disclosure for more details. 
Physical risks identified to be relevant to the Company within the medium to long term include the increased 
occurrence and variability of extreme weather events and rising mean temperatures and sea levels. These 
risks may result in reduced revenue and higher costs due to supply chain interruptions, increased insurance, 
and capital costs as a result of damage to the Company’s assets; they also have a negative impact on the 
Company’s workforce (e.g., health and safety, absenteeism). We have energy and carbon targets which 
have been verified by the SBTi as in line with a 1.5°C warming scenario but realize that the other warming 
scenarios may become likely in the near future in which case we will need to reassess our portfolio across the 
three RCP's. 
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ESG REPORT 2022
•	Ability to keep pace with evolving legislation, increased costs of 
compliance.
•	Additional burden linked to the proposed introduction of 
performance ratings in New Jersey.
•	Evolving local planning requirements. 
 
•	Obsolescence risk of in-place technology and building management 
systems (emerging risk)
•	Regulatory and customer demands for sustainable assets outpacing 
change in technology (emerging risk)
•	Increased costs associated with research and development of 
technology solutions 
 
•	Volatility in energy market and prices leading to increased energy 
costs
•	Increased customer demand for highly sustainable buildings may 
lead to the risk of stranded assets 
 
 
 
•	Ability to meet increasing requirements on sustainability disclosure 
from investors and lenders
•	Potential for increasing customer expectations to conflict with 
increasing requirements on amenity and service provision
•	Proactive response to legislative changes improves desirability of 
Veris Residential’s assets for customers and investors
•	Potential increased returns and improved valuation connected  with 
higher demand for more sustainable space 
 
 
•	Early adoption of technology supports improved visibility and 
management of utility consumption/emission data and associated 
reduced costs for our customers
•	Short-term payback of costs will support improved collaboration 
with residents and other stakeholders 
 
 
 
•	Proactive approach to reducing consumption and improving energy 
security
•	Increased collaboration with all of our stakeholders supporting faster 
progress on energy efficiency 
 
 
 
•	Continued transparency of reporting and enhanced disclosure
•	Ongoing dialogue with residents and stakeholders about the 
Company’s role as a leader in ESG
•	Continued monitoring of SEC and local compliance rules
•	Active member of numerous  groups to support collective industry 
response to climate change 
 
 
 
•	Smart thermostats present in common areas and being rolled-out in 
resident spaces
•	Veris Innovation Lab launched in 2022 to pro-actively evaluate new 
technology solutions and respond to needs of our customers 
 
 
 
 
•	100% of electricity under our control procured from renewable 
sources
•	Sustainable lease addenda rolled-out
•	58% of our portfolio is Green Certified, with 100% of the managed 
portfolio being WELL Health-Safety Rated, reducing risk of stranding  
 
•	Continued engagement with investors on climate-related issues and 
extensive disclosure of ESG data through benchmarks, indices, and 
industry groups
•	Expanding ESG linked amenity and service offering across the 
portfolio 
POLICY &
LEGAL
TECHNOLOGY
MARKET
REPUTATION
Transition Risk
Opportunities
Progress To Date / Mitigating Actions
Climate Resilience
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ESG REPORT 2022
Sustainable Development
We recognize the impact development activity has on the environment and are committed to maximizing our efforts to 
reduce our impact from any future development—starting from the site selection process and continuing throughout 
the construction process. Our integrative process enables us to focus on best practices, specifically considering the 
following items:
•	 Pedestrian-oriented public spaces in urban developments
•	 Accessibility of our buildings 
•	 Energy and water efficiency solutions
•	 Amenities to support occupant health and well-being
•	 Proactive stakeholder engagement through resident education
We incorporate energy management into our acquisition due diligence process by touring properties and reviewing 
capital and operating budgets to determine opportunities to reduce energy consumption and demand. We assess energy 
performance through quantifiable methods of consumption and cost on a per square foot basis. We consider energy labels 
and benchmark values provided through ENERGY STAR®. Through this process, we gain an understanding of the building’s 
energy inventory and current energy initiatives implemented at the property.
Climate risk and resilience are important lenses through which we view all development projects at any scale. In line with 
our development policy, our strategy focuses on sustainable development inclusive of energy efficiencies, human health, 
and climate change adaptation. We are committed to refraining from development in protected areas of high density and 
make use of brownfield and/or infills whenever possible. Of units completed in the last three years, 54% were considered 
brownfield developments (forming part of our Port Imperial regeneration project and a former quarry redevelopment in 
Boston), and 46% were infill developments.
The Company complies with all applicable environmental legislation across all its activities. The Company’s acquisition 
process incorporates an assessment of technical, regulatory, health, safety, and environmental risks—including energy 
efficiency, pollution, and climate change. We comply with all applicable regulation regarding health, safety, and 
environmental matters. An assessment of the environmental impact of each project is carried out at a very early stage of 
development activity. There is no provision for environmental risk in the Company’s accounting in 2022.
EV Chargers, Signature Place, Morris Plains, NJ 
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ESG REPORT 2022
Sustainable Certification
Veris Residential is committed to increasing our share of Green-Certified 
assets (“Green-Certified” equates to LEED®, ENERGY STAR®, or equivalent) 
throughout our portfolio, and to pursuing health and well-being ratings 
across the portfolio.
Our teams use Green Certifications as a framework to advance environmental 
site management. This enables us to benchmark properties across the 
portfolio, identify best practices, and recognize the energy efficiency of our 
building envelopes and interiors, as well as the work done on a daily basis.
In addition, these certifications help the Company estimate and implement 
the work needed to protect our portfolio from the risk of obsolescence 
and continue to offer attractive properties to our tenants and residents.  
Furthermore, certifications spark the interest of investors, as illustrated by 
rating agencies’ questionnaires and extra-financial ratings, which now include 
certifications as a matter of course.
We are equally cognizant of the importance of technologies and our 
stakeholders’ health and well-being. In addition to the WELL Health-Safety 
Rating described under Goal 2, our Harborside 5 property is WiredScore 
Gold certified, exemplifying our commitment to new technologies and a high-
class offering for our tenants.
Goal 1:  Continue to increase 
share of Green-Certified buildings 
within the operating portfolio and 
obtain green certification for all 
new developments
Goal 2:  WELL Health-
Safety Rating for 100% 
of managed multifamily 
properties and our 
corporate headquarters
58% in 2022
We are proud of the quality of our multifamily portfolio 
and the wide range of sustainable features it offers to 
our residents. As of the 2022 reporting year, 58% of our 
managed multifamily portfolio (based on gross floor area, 
or GFA) was Green Certified, up from 42% at year-end 
2021. This includes five properties that obtained ENERGY 
STAR® certification in 2022, with all of our Massachusetts 
properties achieving a score above 90.
Haus25, which was completed in early 2022, is currently 
pursuing LEED® Silver certification.
Focus on the health and well-being of our employees 
and residents is a crucial part of our approach to 
sustainable operations. In 2022, we have expanded 
our commitment to health and safety, obtaining 
the WELL Health-Safety Rating for our managed 
multifamily properties, as well as our corporate 
headquarters and remaining Jersey City Waterfront 
office properties.
100% Achieved
“Receiving the LEED® Silver Certification from the U.S. Green Building Council as a result of our 
communities efforts in water conservation, green house gas reduction, and energy performance.”
ANONYMOUS, RIVERTR ACE RESIDENT FEEDBACK
What ESG feature(s) factored into you leasing 
or renewing at a Veris building?
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ESG REPORT 2022
Sustainable Buildings: Haus25
Haus25, Jersey City, NJ
HAUS25, NEW JERSEY, A CASE STUDY
A 56-story sustainable tower, Veris Residential’s most 
recent development, Haus25, provides residents with a 
plethora of sustainability-centric technology, programs 
and amenities—all in the heart of downtown Jersey City. 
The building was designed with the express goal of 
achieving LEED® Silver certification, which it is currently 
pursuing. Throughout the design and construction 
process, we focused on providing sustainable 
technology, non-carbon-emitting transportation options 
and resident education.  
Technology 
•	 Combined heat and power (“CHP”) units that convert 
natural gas into electricity and heat
•	 Highly efficient central heating and cooling plant 
•	 Energy-efficient lighting throughout, with daylight 
harvesting measures for all public areas 
•	 Destination elevators with regenerative braking 
•	 Five SOURCE® water hydropanels: solar powered 
hydropanels to create on-site drinking water from the 
air which is anticipated to eliminate 273,000 plastic 
water bottles throughout their 15-year lifetime
•	 White roof with high solar reflectance (SR), which aids 
in reducing the heat island effect
Transportation 
•	 375 bike parking spaces (one space for every 
two apartments) 
•	 24 EV charging stations 
•	 Onsite bus station 
•	 Located between two PATH stations 
•	 Located across from bike share stations 
•	 Located within walking distance of school 
constructed by Veris Residential 
 
Resident Education 
•	 Sustainability best practices 
•	 Global citizenship  
Reflecting the value of these sustainability features, 
Haus25 received strong demand from renters, with 
nearly 150 leases signed during appointment-only 
previews prior to the launch of general leasing in 
April 2022. After, demand continued to outpace 
expectations, enabling the property to stabilize in 
just 10 months.
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ESG REPORT 2022
Sociodemographic Considerations
of our residents are 35 
years old or younger
>50%  
We believe in providing high-quality housing to a diverse group of 
residents and in enhancing local communities by creating public 
spaces like parks and schools that have a positive social impact in 
the areas where we operate.
In addition to assessing general market trends and 
sociodemographic developments, we pay close attention 
to our residents’ demography to ensure we tailor amenities, 
programming, and other services to their specific needs.
The multifamily sector—including some of our properties—has 
been impacted by the pandemic, which changed people’s desired 
lifestyle and increased focus on health and sustainability more 
broadly, highlighting the need for properties to be adaptable. 
While we have limited ability to do so within the actual units, we 
are constantly looking to adapt uses of our common and retail 
areas. As an example, responding to the work from home trend 
among your professionals (over 50% of our residents are 35 years 
old or younger), we have converted portions of our common areas 
into co-working spaces, giving our residents additional space to 
work from when not in the office. 
of our residents 
are single
>40%  
of our residents live with 
a roommate or partner
50%  
When designing new developments, we consider migration 
trends (e.g. Jersey City is an alternative to New York that offers on 
average 40% lower rents with a wider range of amenities—24% 
of our residents relocated from New York) and seek to optimize 
unit mix to ensure our offering corresponds with our prospective 
resident needs and future demand predictions—e.g. higher 
offering of studios and one-beds to reflect a growing share of 
single households, which include over 40% of our residents. We 
also tailor amenities to the specific resident group (e.g. installing 
additional chargers as significantly more of our residents own or 
intend to own an EV than the national average of less than 5%). 
These considerations include not only age, gender, and family 
status but also our residents’ attitudes and preferences when it 
comes to sustainability (see Resident Sustainability Awareness 
Program for details). 
Portside, East Boston, MA
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ESG REPORT 2022
Accessibility
Responding to buildings’ accessibility requirements is a social issue for our industry. We are cognizant 
of our duty to ensure our office and multifamily properties are accessible to all, and can welcome 
everyone, including people with reduced mobility, seniors, or families with strollers. To this end, 
100% of our properties benefit from barrier-free access, including doors, access to restrooms, and 
other amenities.
We are fully committed to accessibility compliance in the design, construction, and operations of our 
properties. 100% of our assets provide barrier-free access to enter buildings, and for moving around 
the facilities, including bathrooms, amenities, and common areas.
We have a comprehensive, multi-faceted compliance program to help us meet requirements under 
the Fair Housing Act, Americans with Disabilities Act, as well as all state and local accessibility building 
codes, as applicable. 
It is our policy that all new construction projects engage with an approved third-party accessibility 
consultant with a standardized scope of work at multiple stages of drawing development, as well as 
multiple stages throughout construction. As part of our operational procedures, we use a reasonable 
modification request process for our residents who face accessibility challenges. We require that 
all employees involved in the design and construction of our properties complete an accessibility 
training course within two years of onboarding. We also offer comprehensive training that focuses on 
FHA and ADA.
The barrier-free entrance to Haus25, Jersey City, NJ
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ESG REPORT 2022
Connectivity
New modes of transportation—more environmentally friendly than gasoline and diesel cars—have been developed in recent years. In 
order to follow this trend and further enhance our positive impact on the environment, Veris Residential looks to diversify the transport 
solutions available to access our properties. 
Citibikes outside Haus25, Jersey City, NJ
Goal 1:  At least 70% of 
properties to have walk 
scores and transit scores 
above 70
All of our urban properties, including 
recent developments, are located 
in proximity to public transportation 
hubs (see About Veris Residential 
for details) and are highly walkable. 
91% of the portfolio benefits from 
a Walk Score of at least 70 (i.e. is 
considered “Very Walkable”) and 86% 
of our properties have an Excellent 
Transport Score. We also offer direct 
transportation for urban properties 
with fewer transport links. 
Goal 2: 100% of 
properties to offer EV 
charging points by  
2030
In 2021, we became the first U.S.–
based real estate company to join 
EV100, Climate Group’s global initiative 
bringing together forward-looking 
companies committed to accelerating 
the transition to electric vehicles. We 
have committed to providing charging 
points at each property by 2030. As  
of December 31, 2022, 13 multifamily 
properties had EV charging ports 
with 101 units in total, up from 56 a 
year earlier.
Goal 3: 100% of 
properties to offer bike 
storage areas
In addition to EV, 100% of our multifamily 
properties benefit from bike parking 
spaces (e.g. Haus25 offers one bike 
space for every two apartments) and 
are often located near bike share 
stations, further reducing the need for 
transportation using carbon-emitting 
vehicles and encouraging daily 
physical activity.
Furthermore, over 77% of our properties 
are in areas considered “Very Bikeable,” 
with cycling infrastructure expanding 
continuously, in particular in urban areas.
65% of Properties
100% of Properties
Walk: 91% got a 70+
Transit: 86% got Excellent
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Pathway to Decarbonization
•	 Scope 1 and 2 disclosed since 2019, including 
fugitive emissions and refrigerants
•	 54% reduction in like-for-like emissions 
compared to 2019
•	 24% reduction in like-for-like energy 
consumption since 2019
•	 Asset-level energy audits
•	 More efficient equipments and systems
•	 Utilizing technology to reduce energy through 
demand response and management
•	 Significant enhancement in disclosure from 2021 
(covering >90% of our operational footprint)
•	 Embedded carbon to be measured for future 
developments
•	 Aligning our goals with residents and employees
•	 Resident Awareness Program: 
Behavioral Changes |  In-unit blinds, LED lighting, 
smart thermostats, EV chargers, etc.
•	 Encouraging commuting by public transportation 
and more sustainable business travel
•	 In 2022, the Company purchased 28 mtCO2e of 
offsets to offset its emissions from business travel
SCOPES 1 & 2 
DIRECT RESIDENTIAL EMISSIONS
SCOPE 3 
INDIRECT EMISSIONS (STAKEHOLDERS)
OUR STR ATEGY
Since 2015, 197 countries have signed the Paris Agreement, a landmark international accord that was adopted to substantially reduce global GHG Emissions in an effort to limit the global temperature increase in this 
century to two degrees Celsius above pre-industrial levels while pursuing the means to limit the increase to 1.5 degrees. The risk of climate change is also acknowledged by the State of New Jersey, one of our target 
markets. Through its Energy Master Plan (EMP), New Jersey is  targeting an 80% reduction of GHG Emissions and a 100% renewable energy target by 2050. At Veris Residential, we acknowledge our responsibility and are 
committed to do our part in reducing energy consumption and emissions, as demonstrated by our new emission targets and investments in low-carbon initiatives. Key principles of the Company’s environmental efforts are 
summarized in our Environmental Policy and this report.
•	 Renewable Energy Certificates procured for 100%  
of electricity under control in wholly-owned portfolio
•	 Exploring on-site renewables for our mid-
rise properties
Measure
 
Measure and disclose complete operational carbon footprint of the portfolio 
and embedded carbon from future developments
Reduce
 
Manage energy demand and increase 
energy efficiency
Switch to Renewables
 
Off and on-site 
renewables
Offset
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ESG REPORT 2022
Measuring Our Carbon Footprint
Our carbon and associated emissions reductions target has been validated by SBTi as consistent with a 
1.5°C climate scenario. The method used for quantifying the Company’s emissions is in line with the GHG 
Protocol and the U.S. Environmental Protection Agency (EPA) guidelines, as well as subject to specific 
methodological guidelines (see About This Report for details). 
As per our SBTi submission, we are reporting on >95% of Scope 1 and 2 emissions and in 2022, significantly 
expanded our Scope 3 disclosure, increasing the coverage of our total operational carbon footprint to 
above 90%. The Company reports on all of the main GHGs in the Earth’s atmosphere—including carbon 
dioxide (CO2), methane (CH4), and nitrous oxide (N2O)—combining them under CO2e (or CO2 equivalent).
•	 Direct emissions from stationary combustion
•	 Direct emissions from mobile combustion: fuel 
used for company vehicles including on-site 
•	 Gas and fuel consumption in common areas
•	 Direct fugitive emissions: leaks of refrigerant
•	 Indirect emissions, not produced by the Company, 
but by those that it is indirectly responsible for up 
and down its value chain
SCOPES 1 & 2 
DIRECT RESIDENTIAL EMISSIONS
SCOPE 3 
INDIRECT EMISSIONS (STAKEHOLDERS)
We evaluate our carbon emissions with both location- and market-based approaches. Location-based 
carbon reflects emissions for our properties based on the relative grid average emission factors while 
market-based reflects emissions we are responsible for due to our purchasing decisions.
RiverHouse 9, Weehawken, NJ
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ESG REPORT 2022
SCOPE 1 & 2 GOAL MET AHE AD OF TARGET 
Like for Like Scope 1 & 2 emissions (Market Based) in mtCO2e
MARKET AND LOCATION BASED CARBON INTENSIT Y 
Like for Like Scope 1 & 2 emissions  in mtCO2e / sq ft. (based on 5,299,366 sq ft)
2019
17,240
15,679
8,804
7,929
2020
2021
2022
0.0040
0.0030
0.0020
0.0010
0.0033
0.0024
0.0015
2019
2020
2021
2022
Market Based Emissions                    Location Based Emissions
Goal: 50% reduction in  
Scope 1 & 2 emissions by 2030 
compared to 2019
As of 2022, we have reduced market-based emissions by 54% and location-based emissions by 26.8% 
compared to the 2019 base year. In the beginning of 2023, the EPA released the updated 2021 eGRID 
factors which we have applied to our reported GHG emissions amounts. In all of the regions where we 
operate, the eGRID coefficient has increased from the 2020 eGRID factors. We manged to reduce our 
location-based carbon intensity despite this unfavorable change in coefficient value, driven by regional 
grids’ increased reliance on nonrenewable energy sources. 
100% Achieved
Measuring Our Carbon Footprint, cont’d
“Energy-efficient apartments and all the steps the building takes 
to help reduce the carbon footprint of our building and the 
community initiatives taken.”
JOURDAN L., HAUS25 RESIDENT
What ESG feature(s) factored into you leasing 
or renewing at a Veris building?
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ESG REPORT 2022
Measuring Our Carbon Footprint, cont’d
SCOPE 3 EMISSIONS
Keeping in mind the Company’s activities, Scope 3 covers two main categories at Veris Residential: 1) 
emissions under Veris Residential’s operational control, and 2) resident-related emissions—stakeholders 
that Veris Residential can influence but does not control directly. Scope 3 emissions represented 67% of 
our total carbon footprint.
We have recently conducted a Scope 3 screening process. The assessment was carried out in 
accordance with the WRI GHG Protocol Corporate Value Chain (Scope 3) Accounting and Reporting 
Standard, which includes 15 Scope 3 categories that a company should evaluate for relevance. We have 
identified Scope 3 categories and reporting boundaries relevant to our industry and evaluated collection 
methods for emissions and activity data. We are focused on measuring Scope 3 emissions from our 
operations but remain aware of the importance of measuring carbon embedded in our properties and 
intend to do so across our future developments. 
Resident-Related Scope 3 Emissions
Emissions-related to energy consumption of our multifamily residents represent a meaningful part of 
our Scope 3 emissions. We believe resident education, alongside a number of other initiatives, is key to 
reducing this portion of our carbon footprint. Establishing an accurate baseline and subsequent disclosure 
was a crucial initial step for us to outline further carbon reduction goals. In 2022, we disclosed residents’ 
energy related GHG emissions across 100% of our wholly owned portfolio. 
This is largely due to our pro-active technology investment in procuring whole-building energy data across 
our portfolio, where otherwise not available due to provider constraints. Current Transformer (CT) metering 
represents a significant improvement to our existing building management systems. The meters relay 
the data to a cloud-based collector that is integrated with our energy management system, allowing the 
operations team to capture, access, and measure whole-building consumption. 
CATEGORY	
2022
1	
Purchased goods and services	
9,705
2	
Capital goods	
14,393
3	
Fuel- and energy-related activities	
1,676
5	
Waste generated in operations	
2,129
6	
Business travel (air only)	
28
7	
Employee commute	
239
13	
Downstream leased assets (resident emissions)	
11,730
Total Scope 3 Emissions (mtCO2e)	
39,900
Our Hometown, Jersey City, NJ
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ESG REPORT 2022
Reducing Energy Consumption
Veris Residential is cognizant of the increasing scarcity of energy resources, as well as the associated increase in utility 
expenses and potential issues in the supply chain. Investing in energy efficiency gives the Company a tool to manage 
utility expenses while reducing the portfolio’s environmental footprint. We are mindful of the energy efficiency of our 
commercial and residential assets during the design, construction, acquisition, and operational phases. At present, we 
consume over 99% of our energy from the grid, with the remainder generated by our cogeneration systems.
We continue to prioritize energy efficiency with building upgrades and retrofits, including:
•	 More efficient equipment and systems
•	 Operational changes to more effectively manage and permanently reduce peak demands
•	 Alignment with residents and other stakeholders with respect to our sustainability goals
Our Environmental and Energy Management System is aligned with ISO 14001 and follows the Plan-Do-Check-Act 
formula, allowing us to collect data and set objectives, implement our initiatives, and incorporate energy management 
throughout relevant departments. The Sustainability & ESG team, reporting to Senior Management and the Board of 
Directors, is leading our efforts to reduce energy consumption and introduce a wide spectrum of projects, working hand-
in-hand with other teams across the organization.
ENERGY EFFICIENCY DURING DESIGN AND CONSTRUCTION
The design and construction phases are critical to reducing long-term building energy consumption. We focus on the 
energy efficiency of the asset’s envelope at the design stage, incorporating sustainable features like smart blinds, smart 
thermostats, EV chargers, etc. The heating and cooling systems are designed with sustainability and efficiency in mind to 
reduce the building’s energy requirements once operational. Haus25, our newest development, is a great example of a 
building that has implemented sustainability features throughout. 
This goal works in unison with our commitment to 100% green certification of new development, as discussed previously 
in this report. 
ecobee® thermostat at Soho Lofts, Jersey City, NJ
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ESG REPORT 2022
Reducing Energy Consumption, cont’d
REDUCING ENERGY DURING OPER ATIONS
We have invested in advancing our technology solutions to create databases for our energy, water, and waste data. Regular reviews 
help us identify trends and outliers over time, track energy efficiency projects and better understand the potential efficacy of 
future investments, which are reviewed as part of our annual company-wide budgeting process and incorporated in the assets’ 
business plans. 
We continuously assess our portfolio with respect to any energy efficiency upgrades, looking not only at environmental and other 
ESG considerations, but also at the ROI of each measure to maximize value for our shareholders. While some goals and initiatives are 
implemented within a year, others require a multi-year rollout across the portfolio and the piloting of new technologies. We are in the 
process of completing energy audits across our New Jersey portfolio and will form property-specific strategies following these audits 
in 2023.
Goal: to reduce energy 
consumption in our multifamily 
portfolio by 20% by 2030
Goal Exceeded : 24% Reduction
Source: Environmental Information 
Disclosure for PSEG Energy Solutions and 
Jersey City Power and Light from June 1, 
2021 to May 31, 2022.
Source: Environmental Information 
Disclosure for Eversource as of 
October 2022 (covering 2021 
calendar year).
GRID ELECTRICIT Y MIX IN OUR KEY MARKETS
New Jersey
Massachusetts
Implementing small changes at all levels,  
Corporate Office photo
38.4%
Gas
1.2%
Hydroelectric
33%
Nuclear
0.2%
Oil
21.7%
Coal
35.45%
Gas
23.92%
Hydroelectric
18.72%
Renewable 
Energy Sources
4.33%
Oil
4%
Nuclear
0.37%
Coal
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ESG REPORT 2022
Low Carbon Initiatives
RENEWABLE ENERGY PROCUREMENT
Since 2021, Veris Residential contracted to procure RECs to document our commitment to renewable energy and the environment. We 
purchased Green-e RECs representing 19,850 MWh in 2022, covering 100% of areas under our control in the wholly owned multifamily 
portfolio. Green-e RECs also were purchased for energy consumption in our corporate office (350 MWh).
We are actively reviewing opportunities to install solar across at our mid-rise properties and are developing an on-site renewable strategy 
during 2023. 
BUILDING MANAGEMENT SYSTEM AND CENTR ALIZATION 
We recognize the importance of technology in achieving our goals and have invested in multiple solutions to enhance our ability to 
optimize utility usage and reduce our carbon footprint, including mobile applications, sensors, and utility smart meters. We seek to 
centralize as many components of our building management systems as possible via real-time dashboards, managed both at the property 
level (allowing our employees to respond in real time) and in our corporate office.
We use our building management systems and technology to manage energy peaks and participate in demand response events 
throughout the summer. Demand response events are specifically designated hours during which utility companies alert customers to be 
mindful of their consumption during hours of peak energy use.  In the summer of 2022, 11 properties executed seven demand response 
events each. During these events, organized in partnership with Logical Buildings, we reduced energy consumption in common areas and 
invited residents to do the same, resulting in 16,000 kWh energy saving (equivalent to 3.5t of carbon emissions). 
“By utilizing smart thermostats at our residences, they were able to learn the 
residents’ preferences while at home and reduce energy consumption while they 
are away. This helps reduce emissions and provide an optimal environment for 
our communities.”
ADAM GONZ ALEZ, IT MANAGER
Will Acquino, Porter, Corporate Office  
distributing sustainable coffee pods
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LIGHTING 
One of our longer-term objectives is replacing any aged lighting with LED lights, often benefiting from available state 
incentives to reduce expenses and reduce payback periods. In order to further reduce energy and emissions from 
lighting, we utilize motion-detection sensors across the portfolio. In 2022, we transitioned common area and garage 
lighting to motion-sensor LED at five properties, reducing energy consumption by 363,000 kWH (saving approximately 
81t of CO2e). We currently have LED lighting in over 90% of our multifamily assets and are targeting 100% compliance 
by 2025. 
APPLIANCES AND EQUIPMENT
Similar to lighting, our approach to appliances and equipment comprises upgrading aging equipment for ENERGY 
STAR® compliant appliances and encouraging our residents and employees to turn off any equipment when not in use 
if. We have reached our goal of 100% appliances compliance with the ENERGY STAR® standard across our multifamily 
portfolio in 2022 (up from 90% in 2021). 
As part of our effort to reduce emissions, we are focused on electrifying our appliances. At present, 70% of our units 
have electric appliances. Our goal is to complete appliance electrification by 2040.
“As I am a lighting designer, I was most drawn to the energy efficient 
lighting system of Haus25.”
CAROL J., HAUS25 RESIDENT
What ESG feature(s) factored into you leasing 
or renewing at a Veris building?
ESG REPORT 2022
Low Carbon Initiatives, cont’d
Apartment kitchen at The Capstone, West New York, NJ
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ESG REPORT 2022
Automatic, temperature-regulating window 
treatments at RiverHouse 11, Weehawken, NJ
“I liked the mention of the smart sensors of the lights and the limits 
on the heating/cooling.”
HOPE M., HAUS25 RESIDENT
What ESG feature(s) factored into you leasing 
or renewing at a Veris building?
HEATING, VENTIL ATION AND COOLING 
We have invested in the installation of co-generation systems, also called CHP (combined heat and power 
systems), both in our new developments and existing properties. CHP systems reliably provide us with an 
opportunity to reduce our reliance on grid power in our New Jersey properties by increasing the efficiency of 
our on-site energy production, reducing our on-site GHG Emissions and building site resilience. Despite being 
a traditional technology using natural gas as power, our operational cogeneration systems have proved to be 
a vastly beneficial investment, providing ongoing net GHG Emission reductions and cost savings at paybacks 
averaging around five years. We benefit from rebates and incentive tax credits available under the Inflation 
Reduction Act (IRA) of 2022 and local programs. 
In line with our long-term strategy, we have upgraded our building management systems over the last 
two years, and smart meters and thermostats for common areas are now available in the majority of our 
multifamily properties.
Low Carbon Initiatives, cont’d
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ESG REPORT 2022
Circular Economy
The concept of a circular economy describes the production of goods 
and services by limiting the consumption and waste of resources (raw 
materials, energy, water, etc.). By adopting this approach, Veris Residential 
seeks to maximize the recovery of our operating waste and optimize water 
consumption across our portfolio. Due to the nature of our operations, 
our tenants’ and residents’ habits determine the majority of water usage 
and waste collection. Veris Residential seeks to manage these topics 
by educating residents on sustainable living and consumption habits, 
building smart systems that reduce excess use of water or production of 
trash, and leveraging data to identify any irregularities or opportunities 
for improvement.
Veris Farm, The BLVD Collection, Jersey City,NJ
“At Veris Residential, we are stepping up 
to the challenge of lowering the impact 
buildings have on the environment.”
BL AISE CRESCIULLO, VICE PRESIDENT,
PROPERT Y MANAGEMENT
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ESG REPORT 2022
Veris Residential is aware that water scarcity is a key environmental issue and is committed to reducing water 
consumption across our portfolio. We do so despite none of our properties being located in high or extremely high 
risk water stress areas with respect to quantity, quality and accessibility of water as identified by the World Resource 
Institute. Our physical risk assessment confirmed this, showing drought as a low to medium risk for our portfolio in the 
long-term (by 2100) and not applicable in the short and medium-term. 
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 in 2022.
 
Water Metering
The main volume of water consumption occurs in common-areas, residents’ bathrooms, and green spaces that 
require watering, which is where we focus our conservation efforts. We have installed real-time water meters 
across our New Jersey portfolio, offering us valuable insights into water consumption and allowing us to identify 
inefficiencies, benchmark consumption levels, and implement targeted conservation strategies. By understanding 
patterns and trends, our teams can make informed decisions to optimize water usage and reduce costs. The meters 
offer 24/7 monitoring with leak and water waste detection ability.
Water
Aqua Mizer Installation, Soho Lofts, Jersey City, NJ
New Goal: Reduce water consumption by 20% by 2030 compared to 2020 base year
0.09
511,329
2019
0.10
520,704
2020
0.10
522,587
2021
0.10
527,538
2022
Water Withdrawn (m3)                      Intensity (m3/psft)
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ESG REPORT 2022
Smart Landscaping
We believe smart irrigation offers one of the best opportunities to reduce water consumption within our 
communities and have invested in smart irrigation controls and monitoring devices across the portfolio. 
We partnered with Smart Rain to offer a smart irrigation system across our portfolio and have invested 
$120,000 in a solution offering a payback period of approximately 12 months. In addition, as part of 
their daily rounds, technicians in charge of site maintenance carry out preventive searches for leaks to 
limit waste.
On-Site Water Conservation
100% of our properties are equipped with low-flow fixtures, which need 35% less water than the building 
code requires. We recently started installing smart metering devices that monitor the whole building 
usage at our properties. As a result, we will be receiving daily emails that alert the on-site team to 
extremely high usage and repeated high consumption at a property. These warnings contribute to more 
effective and proactive maintenance by identifying water leaks earlier and will allow us to bring more 
common-area water maintenance in house, reducing costs.
Run-Off Water Retention and Recycling
Water conservation efforts are a key component of our Haus25 development, which features at-curb, 
bio-retention swells. These collect water that would otherwise become run-off and allow it to percolate 
into the soil to be retained on-site. Haus25 also deployed an 80,000-gallon stormwater retention basin to 
help alleviate stormwater discharge into the neighborhood sewer system. The building further leverages 
SOURCE® water hydropanels—a one-of-a-kind, renewable water technology that uses the power of the 
sun to extract clean, pollutant-free drinking water from the air. This system is also in place at Quarry Place 
in New York, which produces up to 2,000 liters of drinking water per month from the inexhaustible supply 
of moisture in the air, leaving local groundwater supply untouched and avoiding 1.6 million liters of run-
off waste water over its lifetime. 
Water, cont’d
SOURCE® Hydropanels at Quarry Place, Tuckahoe, NY
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ESG REPORT 2022
Waste
Veris Residential is aware that our properties, residents, tenants, and employees generate a considerable 
amount of waste each year. The Company’s objective is to reduce the amount of waste created and sent 
to landfill while increasing the proportion being recycled. The Company requires all hazardous waste, 
including electronics and products containing mercury, to be disposed of or recycled in line with applicable 
environmental laws.
Corporate Waste Management and Recycling Program
Veris Residential encourages our employees to recycle, reuse, and rethink. Recycling facilities are located 
throughout the office, helping to reduce the amount of waste diverted to landfill. In order to reduce waste, all 
departments are encouraged to opt for paperless options whenever available. Veris Residential is utilizing our 
electronic systems to significantly reduce monthly and annual mailings. A water filtering system was introduced 
in the offices and selected properties in 2021, to date this initiative allowed us to save over 484,000 plastic 
bottles. We have recently introduced composting and switched to bio-degradable utensils and coffee pods 
in our office to further increase the share of waste diverted from landfill. We are focused on safe and effective 
disposal of electronic waste and have disposed of 60 devices this way in 2022, primarily in connection with 
consolidating our offices.
Composting bins given to residents
“My favorite initiative is probably the composting initiative. This had never been part 
of my regular routine/practice until I lived at Capstone and it was introduced to me. 
Love how easy they make it for us to compost (and the reminders)!”
SBA A S., THE CAPSTONE AT PORT IMPERIAL
What ESG feature(s) factored into you leasing or 
renewing at a Veris building?
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ESG REPORT 2022
Waste, cont’d
On-Site Waste Management and Recycling Program
Veris Residential provides all our tenants and residents with facilities to recycle and manage both non-hazardous 
and hazardous waste. The Company runs a variety of programs to assist with waste reduction throughout our 
portfolio, periodically collecting electronic equipment and other waste materials and organizing collections as 
part of the Embrace program. Our leasing offices went paperless in 2022, adding to our corporate headquarters 
initiative. In addition to the Green Drop® program, we have donated unused furniture from our Jersey City assets to 
Habitat for Humanity, combining our waste management initiatives with helping our communities. We have piloted 
composting in two of our properties in 2022 and are planning to expand on this initiative during 2023. In 2022, we 
expanded waste disclosure to cover the multifamily portfolio. We diverted 25% of our waste from landfills and are 
targeting 30% diversion rate by 2025.
19%
25%
Office
26%
25%
Multifamily
Diversion Rate                     Total
Samantha Lopez, Manager at Soho Lofts, 
showing the Green Drop®
“I appreciate having all electric appliances 
and LED lights in our apartment, which 
collectively help on indoor air quality, 
utility costs, and overall comfort. The 
energy savings tips we receive over email 
also help remind us of best practices.”
ERIC D., THE BLVD COLLECTION
What ESG feature(s) factored 
into you leasing or renewing 
at a Veris building?
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ESG REPORT 2022
Biodiversity
Main causes of biodiversity erosion include changes in land use, climate change, overexploitation, 
invasive alien species, and pollution (particularly plastic). Aware of these global challenges, Veris 
Residential considers biodiversity risks and impacts prior to development commencement and 
within our operations.
Veris Residential is limiting two of the five biodiversity erosion factors identified by the UN in its 
Global Biodiversity Outlook 5 (released in September 2021), helping to keep global warming 
below 1.5°C and striving to raise awareness among stakeholders on the importance of sorting 
and recovering waste (including plastic) to prevent it from ending up in oceans. Furthermore, Veris 
Residential does not directly engage in activities that mobilize natural resources.
All the Company’s assets are located in urban or semi-urban areas in the United States, but we 
recognize we are part of a broader ecosystem. We have an opportunity to participate in and 
promote conservation efforts in “ordinary” biodiversity, the most common and familiar biodiversity, 
specifically in these urban areas, which are just as important for the balance of ecosystems. To 
mitigate any negative impact on the ecosystems around us, our habitat and biodiversity policy is to:
•	 Conduct Environmental Impact Review assessments in all new developments and major 
renovations where appropriate to ensure that we are not threatening biodiversity in our 
construction practices
•	 Implement biophilic and natural elements across the portfolio 
•	 Incorporate urban farming concepts at select assets and in our corporate offices 
•	 Replace grass with clover lawns in high traffic areas of our Boston assets
•	 Install beehives at 15 properties and support them with pollinator plants when possible
Susan Grosso, Vice President of Marketing with 
Ann Wood, Marketing Manager at Alvéole
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ESG REPORT 2022
Case Study: Honey Bees
WHY ADD BEEHIVES?
In recent years, urban apiaries have become a sought-after and desirable amenity, contributes not 
only to our buildings’ environmental impact, but also to resident retention and engagement. As 
support grows for the preservation of urban green spaces and local food ecosystems, prospective 
residents have started to seek-out living spaces that align with their view points. As part of our 
ecological strategy, urban beekeeping is a way to invested in both minimizing ecological impact and 
in reconnecting people with their natural environment. By adding honey bee hives to our buildings, 
we’re providing the following benefits:
•	 Connecting urban citizens to nature contributes directly to the health and well-being of 
our residents
•	 As a nature-based amenity, we’re providing engaging resident events, thus increasing resident 
satisfaction and marketability
•	 Using it as a way to educate and engage people about the importance of biodiversity and 
bee populations
•	 Helping pollinate local, urban agriculture and greenery
We piloted outdoor honey bee hives at RiverHouse 11 in 2022 and are proud to be rolling out the 
initiative to 15 of our multifamily communities in 2023. We will have 30 hives in total.
Creative Director, Katie Meier’s son,  
Everett (5), enjoying the Bees  
Activity Book
“Seeing what Veris does in urban areas inspires me to 
bring those same practices home. I particularly love 
sharing our initiatives with my young kids. It helps me 
teach them to be better citizens.”
K ATIE MEIER, CRE ATIVE DIRECTOR
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ESG REPORT 2022
People, 
Culture & 
Community
Our Approach to Social Impact	
 47
Our People	
48 
Diversity, Equity & Inclusion (DE&I)	
50
WELL Equity Rating	
53
Employee Health & Well-Being	
54
Training and Professional Development	
56
Employee Engagement	
59
Resident Engagement	
60 
Resident Sustainability Awareness Program	
61
Our Communities	
68
Health & Safety	
70
Philanthropy	
75
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ESG REPORT 2022
•	 Reached gender equality at Management Level 
ahead of our 2025 goal
•	 Led by a 60% female Executive team
•	 Named a Great Place to Work® for two 
consecutive years
•	 Measured a 2% Gender Pay Gap
•	 Achieved WELL Health-Safety Rating portfolio wide 
(excluding third-party managed)
•	 Implemented strategies working toward the 
WELL Equity Rating, achieved in 2023, as the first 
company globally to do so portfolio wide
•	 Included in the Bloomberg GEI Index
•	 Joined Pledge 1% 
•	 Enhanced employee benefits, including 
Vacation Donation, Adoption Assistance and 
Legal Assistance
•	 Partnered with Kahilla to offer a Women 
Leadership program 
•	 Certified Living Wage Employer
2022 Highlights
CEO, Mahbod Nia giving awards to Ashley Gordon, Asst. 
Community Manager at The Emery and Nathan Dziadul, 
Director of Portfolio Sustainability Initiatives
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ESG REPORT 2022
At Veris Residential, we look to create a lasting, positive social impact 
by supporting the people and the communities where we work and 
operate to have a better quality of life—through more conscious, 
targeted decisions aligned to our purpose.
We seek to maximize the social value we create by collaborating with 
our stakeholders including: engaging our employees to champion 
social impact through their roles, collaborating with our partners to 
amplify our impact and supporting our residents through inclusive, 
sustainable, and responsibly managed spaces. We also welcome 
opportunities to engage with our peers to share best practice so 
that together the industry can become more accessible, diverse, 
and inclusive. 
We measure our social impact and progress:
•	 All our managed assets are WELL Health-Safety Rated
•	 All our managed assets are WELL Equity Rated as of 2023
•	 We have several DE&I targets with respect to our workforce
•	 We are committed to paying a Living Wage 
•	 We are committed to conducting an annual pay equity assessment 
Our Approach to  
Social Impact
Collaborate with our employees, 
local businesses and suppliers 
to develop and operate our 
buildings in a way that creates 
shared value for all
People
Properties
Connect our employees and 
residents with the communities 
they live and work in, supporting 
a more inclusive and equitable 
environment
Planet
Partnerships with charities, local 
communities and businesses to 
increase our impact beyond our 
portfolio and to reduce our carbon 
footprint
Health and Inclusive
Communities
•	 WELL Health-Safety Rated
•	 Employing local workforce
•	 Partnerships with local 
businesses for on-site events
•	 Affordable housing
Focused on Resident 
Well-Being
•	 Properties designed with health and 
well-being in-mind 
•	 Health-focused amenities like Veris 
Farms and SOURCE® Panels
•	 Outdoor space
•	 Biodiversity focus
Equitable Work 
Environment
•	 WELL Equity Rated
•	 Strategic DE&I goals
•	 Wide range of employee benefits 
including flexible working schedules
•	 Committed to Living Wage for all
Partnership for 
Good
•	 Joined Pledge 1%
•	 Philanthropy events
•	 Building communities through 
a partnership with Habitat 
for Humanity
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ESG REPORT 2022
Our People
Veris Residential strives to be a workplace that actively attracts, inspires, and engages a talented and diverse workforce, enabling them to flourish and ensuring they feel welcome. As of December 31, 2022, Veris Residential 
had 214 full-time employees and one part-time employee. In addition, the Company employed 11 contractors, supporting various corporate functions and multifamily development.
Team Members at Liberty Towers, Jersey City, NJ:  Kyle Rock, Aracelis Rivera, Louna Pierre, Nicole Velasquez, 
Rachel McAdam, Randy Barrett, Eddie Cruz, Melvin Capellan
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ESG REPORT 2022
n Male             n Female
n Diverse             n White
Q4 2020
Q4 2021
Q4 2022
EMPLOYEE GENDER DIVERSIT Y
EMPLOYEE DIVERSIT Y
n <=29          n 30-50          n >51
EMPLOYEES BY AGE
SHARE OF DIVERSE EMPLOYEES IN MANAGEMENT
2025 Target: 25% at Management Level
Note: All data as of December 31, 2022 based on 212 employees that chose to self-identify (please see the ESG Data Tables for details and for statistics based on the 215 total employees including those who chose not to self-identify). Diverse employees include Hispanic, African Americans, 
Asian, North African Middle Eastern and other non-White communities. Non-binary includes transgender and gender fluid.
Management
Senior Management
Executive Team
All Employees
48%
54%
40%
56%
52%
46%
60%
44%
53%
47%
61%
26%
13%
50% Diverse at  
Year-End 2021

6%
12%
19% 20%
25%
19%
Our People, cont'd
20%
of employees with  
the Company for  
over 15 years
64%
of 2022 new hires 
were racially or 
ethnically diverse
n Senior Management        n Management
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ABOUT THE COMPANY
E THICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
ESG DATA TABLES
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ESG REPORT 2022
At Veris Residential, we believe that diversity is a source of innovation, increases productivity, 
and is a foundation of a socially and economically aware company. The Company promotes 
diversity and is an equal opportunity employer and business partner. This allows us to develop 
management that respects differences and is grounded in trust, improving team cohesion and 
business performance.
Our commitment to diversity is reflected in our Human Rights Policy, our Code of Business 
Conduct and Ethics, and the Supplier Code of Conduct (see the Governance section for details). 
The Company is committed to preventing discrimination for any reason and ensuring that no 
distinction is made between employees based on their age; gender; social, cultural, ethnic, 
racial, or national origin; or religious or political views. We promote the enforcement of non-
discrimination, in all its forms, in all actions by Management, and in all company decisions—
particularly in all stages of human resources management. Furthermore, we proactively 
communicate this commitment to all of our employees, customers, and suppliers to encourage 
them to adopt this approach. Please refer to the Governance section for our initiatives with 
respect to supplier diversity
OBJECTIVE
ACTION TAKEN
Assign Clear Responsibilities
•	DE&I is internally overseen by our Chief Operating Officer
•	The ESG Task Force drives strategy and implementation of initiatives; it reports to the Board of 
Directors quarterly
•	The DE&I Council oversees other employee resource groups, including the Women’s Network 
and the Diversity Network
Set Strategic Goals
•	Goal of gender equality at the management level met in 2022 (ahead of 2025 target)
•	Goal of 25% of management being racially/ethnically diverse by 2025 (currently 19%)
•	Annual gender pay gap review
Validate Progress
•	All managed multifamily properties, as well as our Company headquarters, Harborside 5 and 
Harborside 6, received the WELL Equity Rating in 2023
•	Included in the Bloomberg Global Equality Index in 2022
Create Awareness
•	Resource section on our intranet site 
•	DE&I training available to all employees
•	DE&I included in annual employee surveys
•	Employee resource groups 
Contribute to Diverse and  
Equitable Communities
•	Committed to increasing spend with diverse suppliers
•	1% Pledge commitment
Diversity, Equity & Inclusion (DE&I)
“People inherently want to work in an environment where 
they feel they can make a positive difference in the world, 
socially and environmentally.  At Veris we empower our 
people to do just this.”
K AREN CUSMANO, SVP SUSTAINABILIT Y & ESG
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ESG REPORT 2022
Diversity, Equity & Inclusion (DE&I), cont’d
CREATING AWARENESS
The journey toward a more inclusive and diverse business starts with the individual. In order to support 
our employees in this process, we have compiled resources and offer several training programs on 
unconscious bias and other DE&I matters to all employees, including Senior Management.
We recognize that our employees need to feel both safe and welcome to bring their whole self to work, 
and our affinity groups are an important part of this. We also recognize our employees and residents by 
celebrating and raising awareness for observances like Black History Month, Women’s History Month, Pride 
Month, Hispanic Heritage Month, Veterans Day, etc., as well as providing resources on our intranet site.
EMPLOYEE RESOURCE GROUPS
In 2022, Veris Residential introduced the Diversity Network, our employee resource group for historically 
underrepresented individuals, as a companion group to the Company’s Women’s Network, all under the 
umbrella of the DE&I Council. Employees are able to join either or both networks as members, and they 
can join the Diversity Network as an ally if they don’t qualify for membership. The DE&I Council hosts 
events for members and allies throughout the year to educate, support, and uplift one another.
+
Women's Network Event, hosted at Haus25, Jersey City, NJ
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ESG REPORT 2022
Diversity, Equity & Inclusion (DE&I), cont’d
DE&I TR AINING
DE&I training provided through Blue Ocean Brain (“BOB”) and Yardi Aspire are available to all employees. In 2022, 
Veris Residential employees completed the equivalent of 2.8 hours per employee in courses related to DE&I. To 
further support the leadership skills of our mid-level female employees, we have engaged with Kahilla to provide 
them with a digital learning platform that helps retain, engage, and advance female talent. This enhanced access to 
leadership development has resulted in our employees further developing their skills, increasing their job satisfaction, 
and boosting their productivity. Veris is proud to continue its mission of creating a diverse, inclusive, and equitable 
workplace. We are looking to expand this program to other minority groups during 2023.
Workforce Reporting (EEO-1)
The U.S. Equal Employment Opportunity Commission (EEOC) requires employers to submit an EEO-1 report on an 
annual basis. The report breaks down an employer's workforce by race, ethnicity and gender across job categories 
established by the EEOC. Here is a link to the 2021 EEO-1 report, submitted in 2022.
THIRD PART Y VALIDATION
WELL Equity Rating
As of 2023, we are proud to be the first real estate company globally to have the WELL Equity seal across its managed 
portfolio, a visible indication that we are committed to creating places where everyone has an equal opportunity 
to thrive.
Bloomberg Gender-Equality Index
We were selected for inclusion in the 2023 Bloomberg Gender-Equality Index (GEI) for the first time. The GEI aims 
to track the performance of public companies committed to transparency in gender-data reporting. In 2023, Veris 
Residential was one of 484 companies participating. Our inclusion in this year’s index indicates that we scored at or 
above a global threshold established by Bloomberg, reflecting our commitment to gender diversity.
Rebecca Bellamy, Associate, ESG/Operations and 
Head of DE&I Council, Corporate Office
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ESG REPORT 2022
WELL Equity Rating
AAPI  (Asian-American Pacific Islander) Panel Group Photo
The purpose of the WELL Equity Rating is to address the needs and priorities of the most marginalized 
populations in workplaces and the communities where they operate. To have the greatest positive impact, 
organizations need to identify the marginalized population(s) they serve and work collaboratively with 
those communities to understand and accommodate their needs. For Veris Residential, the Well Equity 
Rating provides an actionable framework to improve access to health and well-being, celebrate diversity, 
and prioritize inclusivity. It is an integral part of our portfolio commitment to the WELL Framework. We 
are proud to be the first multifamily real estate company globally to have the WELL Equity seal across its 
managed portfolio, a visible indication that we are committed to creating places where everyone has an equal 
opportunity to thrive.
The WELL Equity Rating was developed through a design thinking 
approach, which is a non-linear path to problem solving through 
collaboration with people on the margins who are not commonly 
considered. Decades of scientific literature, including industry, 
public health and built environment research, laid the groundwork 
to the structure, format and content of the rating. To develop the 
rating, in addition to reviewing volumes of research and scores of 
studies, the International WELL Building Institute (IWBI) engaged with 
organizational leaders, practitioners and members of the community. 
In collaboration with expert partners and stakeholders, the following definitions grounded the 
development of the WELL Equity Rating. These definitions have informed IWBI’s concept of equity 
and guided the development of new strategies within the WELL Standard: 
•	 Diversity, Equity & Inclusion: DE&I promotes the fair treatment and full participation of all people, 
especially at work, including populations that have historically been underrepresented or subject 
to discrimination because of their background, identity, disability, etc.
•	 Health Equity: Health equity means that everyone has a fair and just opportunity to be as healthy 
as possible. Achieving this state requires the removal of obstacles to health (such as poverty and 
discrimination) and their consequences (including powerlessness, as well as the lack of access 
to good jobs with fair pay, quality education, optimal housing, safe environments, and good 
health care).
•	 Equity: Equity recognizes that each person has different circumstances and, accordingly, allocates 
individualized resources and opportunities to reach an equal outcome. 
•	 Well-Being: Well-being is a state of balance or alignment in body, mind and spirit; it is feeling 
content and connected to purpose, people, and community. Well-being cannot be fully realized 
without considering one’s identity, values, traditions, and beliefs. 
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ESG REPORT 2022
Employee Health & Well-Being
The Company strives to provide career opportunities in an energized, inclusive, and 
collaborative environment tailored to retain, attract, and reward highly performing 
employees. We do so in a culture built on the foundations of collegiality, teamwork, hard 
work, humility, creativity, humor, respect, acceptance, expertise, and dedication to each 
other, our stockholders, and our customers. Our competitive offerings help our employees 
stay healthy, balance their work and personal lives, and meet their financial and retirement 
goals. For those earning less than $50,000 annually, the Company pays 100% of the health 
insurance coverage premiums for the employee and their family.
WORK FLEXIBILIT Y AND PAID LEAVE
At Veris Residential, we recognize the importance of flexibility. In 2021, we instituted a hybrid 
working policy, allowing our corporate employees to work from home or other locations 
two days per week or more if arranged with their direct manager, allowing for more flexible 
working hours that reflect specific employee needs (“Flex Time”). To maintain successful 
remote work, we equip our employees with the relevant tools and 24-hour remote access to 
the company’s infrastructure and IT support. As part of our commitment to a flexible working 
arrangement, every employee has time off allocated for  religious, cultural or civic holidays 
not already observed by the company.
We also recognize the importance of balancing life and personal commitment. To better 
facilitate this balance, we have continuously expanded on our offering of paid time off for all 
employees and introduced Family Leave, volunteering days, bereavement leave, and other 
special leaves to support our corporate and on-site employees. 
Financial
•	 401(k) Plan with annual Company match
•	 Tuition reimbursement 
•	 Legal assistance plan
•	 Employee referral bonus
•	 Employee housing discount
•	 Commuter benefit program
 
Parental Benefits
•	 12 week paid parental and adoption leave
•	 Adoption assistance
•	 Dependent Care Flexible Spending Account 
Health and Wellness
•	 Medical, Dental, and Vision Insurance, 
including telemedicine
•	 Supplemental health insurance through Aflac
•	 Short- and Long-Term Disability Insurance
•	 Life Insurance
•	 Behavior health
•	 Healthcare Flexible Spending Account
•	 Annual health fair
•	 Paid time off for vaccinations 
•	 Free gym access and virtual fitness classes
•	 Sick leave 
 
Work Life Balance
•	 20 days minimum paid time off (“PTO”)
•	 PTO Rollover
•	 PTO Donation 
•	 15 paid holidays
•	 Bereavement Leave
•	 Time off for voting, jury duty, and witness duty
•	 Employee Assistance Program
•	 Pet insurance 
Employee Training (see page 96 for details)
•	 Cybersecurity 
•	 Active threat
•	 CPR
•	 Continuing education
•	 ESG 
•	 English as a second language 
Events
•	 ESG Camp
•	 Holiday party
•	 Team outings and philanthropy events during the year
 
Philanthropy
•	 Charitable gift matching
•	 Three paid days to volunteer at a charity
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ESG REPORT 2022
Employee Health & Well-Being, cont'd
EMPLOYEE MENTAL HEALTH
We recognize the importance of mental health and offer all employees a Work-life 
Balance Employee Assistance Program (EAP) free of charge. The plan is designed to help 
employees find solutions for their everyday challenges, both at work and at home, providing 
services including:
•	 Child care and/or elder care referrals
•	 Personal relationship information
•	 Health information and online tools
•	 Legal consultations with licensed attorneys
•	 Financial planning assistance
•	 Stress management
•	 Career development
Qualified mental health professionals are available to assist with more serious issues 
involving emotional and physical well-being. Information about the EAP program is available 
on the Company intranet. Employees are also regularly made aware of the program through 
Company-wide emails aimed at increasing awareness.
EMPLOYEE FITNESS
We understand the importance of regular physical activity and the benefits of exercise 
on employee mental health. All our employees also have free access to gyms across our 
portfolio, where we have launched virtual fitness classes that are available to employees 
in all locations multiple times a week. We have spent over 140 hours training together in 
2022; the sessions are joined by our executives, as well as on-site and corporate employees, 
encouraging teamwork and motivation across the company. 
HEALTHY EATING
As part of our commitment to sustainability, we have taken a number of steps to provide our employees 
with healthier alternatives in the office. We have removed plastic from the offices, changed coffee pods to a 
biodegradable version and encouraged all employees to use water fountains. In addition, we also have hydroponic 
towers growing leafy green vegetables and herbs, which are harvested monthly and distributed to employees.
Plants to be harvested at Veris Farm
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ESG REPORT 2022
Training and Professional Development
Employee training is a vital tool for ensuring that the Company is agile and able to adjust quickly to market changes. It 
is also a factor that sets the Company apart and stimulates employee loyalty, which is why we offer various development 
opportunities to 100% of our employees. In 2021, we formalized our approach to training, incorporating all programs 
within Veris University, which represents our strategic training framework catering to the well-being and professional 
advancement of our employees and including programming designed to support staff at both the corporate and 
property levels and is delivered through a combination of in person and virtual training. Small group professional 
development is also offered through our employee resource groups and we have partnered with Kahilla to provide our 
female managers additional leadership and coaching resources (27 women are currently part of the program). Further-
more, we offer Tuition reimbursement of up to $5,000 per year, and study leave for all eligible employees.  We spent 
nearly $250,000 on training or $1,100 per employee. 
Employees are assigned individual training plans on an annual basis and have the ability to discuss any specific needs 
and request additional training through the Training Department or their supervisor. Training is personalized based on 
results of semi-annual performance reviews as well as periodic 360 reviews conducted as initial stage of our “Lead by 
Veris Residential” Program, internal compliance team findings and succession planning needs. Aside from third party 
training tools, we utilize our in-house resources to offer a variety of inter-departmental training sessions throughout 
the year.
CYBERSECURIT Y TR AINING
In 2022, our employees completed over 550 hours of Cybersecurity related training. Veris Residential employees have 
been taking part in mandatory cybersecurity training including: 
•	 Mandatory annual security awareness training
•	 Mandatory quarterly training for all employees
•	 Enhanced training in key topics
•	 Remedial training targeted to a limited number of employees in response to their usage patterns
Emely Taveras, Project Manager, Corporate Office
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ESG REPORT 2022
Training and Professional Development, cont'd
In 2022, 99% of employees (including the C-Suite and Senior Management) took part in 
one or more training programs, totaling 6,462 hours. This is equivalent to about 30 hours 
per employee.
VERIS UNIVERSIT Y 
Strategic Veris University Training Framework
ESG, DE&I and Compliance 
 
(LEED® Green Associate, ESG 
Camps, unconscious bias, 
Kahilla platform, CPR/First Aid, 
compliance training)
Technology & Cybersecurity 
 
(i.e. Microsoft Office, new technology training,  
phishing training, cybersecurity assessment)
Mentoring Program 
ERG Professional 
Development Groups 
Tuition Reimbursement
Personalized Based on Individual Needs 
(Reflecting 360 reviews, semi-annual performance evaluations, employee feedback, and results of "secret shots"
Core Learning & Certifications
•	 Training based on specific 
job requirements
•	 Certification and 
continued education
Back to Basics
•	 Mastering fundamentals for 
on-site employees
Lead
•	 On-site management training
•	 Cross-functional learning 
modules including feedback 
from direct reports
Elevate
•	 Leadership and coaching for 
mid-level management
TR AINING BY CONTENT AREA
9.9%
Real Estate/
Fair Housing
7.1%
25.1%
8.6%
9.3%
40%
Leadership
DE&I
Health 
& Safety
Cybersecurity
Professional 
Development & 
Corporate Culture
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ESG REPORT 2022
Compensation & Performance Review
Recruiting, retaining, and mentoring high-quality and diverse employees is critical to the long-term success of 
Veris Residential, which implements fair, non-biased compensation. The Company uses various recruiting methods 
depending on job function, including an associate referral program, internet-based recruiting platforms, and third-
party recruiting agencies.
With respect to compensation, we utilize market surveys and other third-party information when determining 
salary ranges, and we design our compensation programs to include bonus potential to incentivize performance, 
including equity awards for the majority of management-level employees. Since 2020, ESG plays a crucial role not 
only in executive compensation but also across the Company. Meeting certain ESG goals was included in the 2022 
variable bonus for all Executive Directors (refer to Our Proxy). Furthermore, 100% of employees have an individual 
ESG objective in their annual variable compensation. The goals are job-specific and quantifiable for managers (in 
particular for the SVP, Head of Sustainability & ESG and other members of the Sustainability, Property Management, 
and Asset Management teams) and qualitative for other employee categories.
As part of our commitment to the professional development and career advancement of our employees, we require 
all employees to have periodic conversations with their managers and direct reports. These are formalized through 
mid- and year-end reviews, which are documented and retained as part of the employee’s personnel file. In addition 
to traditional performance reviews, we have introduced 360 degree reviews for all on-site managers this year, 
allowing us to further tailor our leadership programs and personalize training.We are a certified Leading Living Wage 
For US Employer. validating our commitment to paying a family living wage to all of our employees. We adhere to the 
globally accepted definition of Living Wage as advanced by the Global Living Wage Coalition and assess compliance 
with this metric on an annual basis based on living wage requirements in our company locations. 
LIVING WAGE CERTIFIED
We are a certified Leading Living Wage For US Employer, validating our 
commitment to paying a family living wage to all of our employees. We adhere 
to the globally accepted definition of Living Wage as advanced by the Global 
Living Wage Coalition and assess compliance with this metric annually based 
on living wage requirements in our company locations.
 
PAY EQUIT Y ASSESSMENT
We are committed to equal pay and reducing any pay gap among our employees. We 
evaluate gender- and job-title-specific compensation metrics annually to actively monitor pay 
equity and identify areas for improvement as part of the Company’s ongoing commitment to 
equality and inclusion. The results of our pay gap audit conducted through an independent 
third party are analyzed to identify any gaps not explainable by tenure, experience, 
education, or other factors and communicated to our Board of Directors.
4%
Raw Gender Pay 
Gap Ratio
2%
Equity Gender Pay 
Gap Ratio
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ESG REPORT 2022
Feedback from employees is crucial to Veris Residential. Apart from daily interactions and informal feedback 
sessions, Veris Residential conducts Employee Engagement Surveys to assess a variety of engagement areas, 
with feedback requested from all associates at least once a year. We engage an independent party to conduct 
our annual survey on a fully anonymous basis, yielding a 69% response rate in 2022 and resulting in Veris 
Residential’s certification as a Great Place To Work® for a second consecutive year. We remain committed to 
maintaining a high level of associate engagement across our Company. 
•	91% of employees say Veris Residential is a Great Place To Work®, up from 83% a year earlier and significantly above the 
national average of 57
•	>90% agree that employees are treated fairly based on gender, ethnicity, and sexual orientation.  
Our CEO, as well as Executive and Senior Management, communicate with employees on a regular basis through a variety of 
channels, including company-wide emails, events, and regular team meetings. Other forms of employee engagement include:
•	The Nest, our intranet site 
•	Quarterly newsletter
•	“Meet & Greet” sessions with the HR department
•	Annual company awards
Employee Engagement
Jose Ruiz, Asst. Manager at The Blvd Collection, Jersey 
City, NJ  at the Corporate Holiday Gathering
“We truly live by our ethos of People First. We provide so many 
resources and benefits, and support to our teams so they 
can in turn provide best-in-class service to our residents and 
prospective residents. We are nothing without our people.”
DANA SENTE, VICE-PRESIDENT, TR AINING & DE VELOPMENT
THE ENVIRONMENT
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ESG REPORT 2022
We are constantly looking to improve and enhance our services by continuously asking our residents 
to share what they believe are our strengths and identify areas where we can improve. We do this by 
surveying residents through an independent third party at various stages of their time with us: following 
their move-in, pre-renewal, and after maintenance callouts. Our primary metric to measure satisfaction 
is a composite third-party rating, based on information gathered at the above touchpoints across a 
number of categories. In 2022, our average Overall Rating was 8.71 out of 10.
We also monitor social media and review websites, which is particularly important as more than 80% of 
people searching for an apartment consider online reviews. We track aggregate rankings like the ORA™ 
Ratings published annually by J Turner Research. The ORA™ statistical model aggregates and analyzes 
online ratings and reviews of over 122,000 properties across multiple review sites and ILSs to generate a 
single score on a 0-100 scale that is easy to monitor, rank, and improve. Our score was  80.60 as of  May 
2023. In 2022, we ranked second in the ORA™ REIT Power Ranking. Furthermore, we are proud to say 
that five of our properties made are part of the national ORA™ 1%. 
Other resident engagement channels include an internal support line through which associates can get 
additional on-the-spot support in assisting residents with any concerns they may have. Our resident app 
provides two-way communication for residents with our management staff and maintenance staff.
Resident Engagement
Resident Event at The Capstone, West New York, NJ
“Earth day celebration and local events, Wildlife adoption challenge, energy 
efficiency appliances in the kitchen, electric car charging station.”
HEE YOUNG J., RIVERHOUSE 9
What ESG feature(s) factored into you leasing or 
renewing at a Veris building?
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ESG REPORT 2022
Resident Sustainability  
Awareness Program
Resident Event at The Capstone
West New York, NJ
Our sustainability initiatives and strategy extend beyond our own portfolio and employees. We seek to engage 
our residents in the conversation, as we believe we can achieve much more if we work together. Awareness and 
actions taken by our residents, our customers, and tenants to reduce their energy spend and emissions, adopt 
composting and conserve water are a critical component of our strategy to achieve many of our corporate goals. 
Scope 3 emissions from “leased assets”, (i.e. residents’ energy consumption) represent a significant portion of 
the Company’s Scope 3 emissions. Additionally, our waste and water usage is primarily related to in-unit usage 
by our residents. To that end, we have expanded our resident sustainability awareness program (“Resident 
Awareness Program”) to formalize our approach.
5 Pillars of Resident Sustainability Awareness Program:
•	 Awareness and feedback
•	 Green Lease Addendum 
•	 Education, events, and philanthropic opportunities
“The hydroponics farm is amazing! ”
What ESG feature(s) factored into you leasing or 
renewing at a Veris building?
JAMES J., THE BLVD COLLECTION
•	 Resident health and well-being
•	 Property features and amenities
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ESG REPORT 2022
Resident Sustainability
Awareness Program, cont'd
90%
“Very” or “Somewhat” 
Concerned About the 
Environment
7%
60%
“Unengaged” or 
“Doubtful”when It 
Comes to ESG
Are Interested in Our 
Sustainability-Focused 
Events
“Energy savings in HVAC and lighting, reducing construction waste, and the EV chargers."
BHAR AT R., 145 FRONT STREET
What ESG feature(s) factored into you leasing or renewing 
at a Veris building?
AWARENESS AND FEEDBACK
Similarly to how we approach employee and other stakeholder interaction, we believe it is important to gather and 
evaluate feedback from our tenants and residents. Beyond regular surveys, we conducted a sustainability-focused 
survey among all of our residents. We received 1,300 responses, providing us with a strong baseline for shaping the 
Resident Awareness Program in the future. The survey results showed EV chargers, recycling and composting centers, 
in-unit thermostats, and our ESG amenities resonate with our residents.
Green cleaning, one of our residents' top ESG priorities,  
at The James in Park Ridge, NJ
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GREEN LEASE ADDENDUM
Sustainability is part of our interaction with residents from the beginning of the leasing process. We introduced a 
Green Lease Addendum (currently signed by 90% of our residents) to encourage sustainable practices last year. 
This addendum covers energy efficiency, water efficiency, waste and recycling, indoor environmental wellness, and 
cleaning product suggestions.
RESIDENT SUSTAINABILIT Y EDUCATION
Our residents have access to variety of educational sources on ESG. As part of myVeris, our resident app, we provide 
residents with monthly “Sustainable Living Guides”, providing them with tips on energy and water conservation, as 
well as links to other resources. Our WELL guides and information about Company ESG efforts are accessible to all 
residents via a variety of channels.
We believe our vision should be reflected not only in how we develop and operate our properties but also in the 
event offerings we provide to our residents—enhancing the on-site experience, resident well-being, and interactions 
while connecting communities and giving back. The events team hosted over 200 events in 2022, including many 
which were sustainability and/or philanthropy-focused.
Resident Sustainability
Awareness Program, cont'd
Resident Event at The Capstone, West New York, NJ
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ESG REPORT 2022
Resident Sustainability
Awareness Program, cont'd
RESIDENT HEALTH AND WELL-BEING
Improving the well-being of our residents is one of our top priorities. An aging population, pandemic-
induced stress, increased focus on mental health, and the rise in remote work models are among the 
many factors to be considered. Beyond earning WELL Health-Safety and WELL Equity Ratings for all 
of our managed assets, we support our residents’ well-being through a number of other initiatives 
mentioned in this report, including:
•	 Urban farming opportunities in select Jersey City locations
•	 Portfolio-wide gyms offering virtual and/or in-person fitness classes free of charge
•	 Biophilic design principles bringing the outdoors and improving our residents’ connection to nature 
by offering well-designed outdoor spaces
PROPERT Y FEATURES AND AMENITIES
As described within this report, our properties offer a wide range of sustainability-oriented features and 
amenities. We are focused on increasing awareness about these features among our residents and have 
installed comprehensive ESG-related signage, explaining why are certain things happening (e.g. smart 
blinds) and encouraging sustainable behavior (e.g. use of revolving doors or turning off TVs.). 
Other features allowing our tenants and residents to be more sustainable include:
•	 Portfolio-wide ENERGY STAR® rated appliances, low-flow fixtures, and LED lighting
•	 Smart in-unit thermostats allowing residents to control thermal comfort
•	 Individual energy metering where feasible
•	 Portfolio-wide recycling centers with composting being introduced in 2022
Spin Studio at Haus25, Jersey City, NJ
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ESG REPORT 2022
Resident Sustainability 
Awareness Program, cont'd
GRID REWARDS
In our New York properties, we have taken an active role in educating our residents on the importance 
of grid awareness through demand response event alerts and the Grid Rewards incentive program. We 
began enrolling our residents into this program in 2022 and are seeking to scale in additional markets in 
conjunction with local utility companies when available. There are benefits for enrolled residents, who can 
expect a 10% GHG emissions reduction and may receive an annual credit up to 15% of their electric bill, 
and for the Company, as we utilize technology to lower our carbon footprint, especially Scope 3 emissions 
associated with resident energy consumption.
PL ANTING TREES WITH NATIONAL FOREST FOUNDATION AND ECOLOGI
Every season, we plant a tree for each of our residents and employees, this projects supports mitigating 
the impact of deforestation within the United States. We have planted over 10,000 trees to date, avoiding 
over 42t of carbon emissions. Our residents can see their specific trees on Ecologi’s website dedicated to 
Veris Residential.
SUPPORTING AN EQUITABLE HOUSING MARKET
We have partnered with a third party to automatically report resident rent payments to the credit bureaus, 
helping them build credit and improve their credit score.
Jessica Mastrogiovanni, Asst. 
Manager & Janice Grosso, 
Leasing Director, Haus25, 
Jersey City, NJ
“Really love the initiatives of donation boxes for clothes and home 
utilities, recycling methods of waste, and the composting."
SUNETR A B.,THE CAPSTONE
What ESG feature(s) factored into you leasing or 
renewing at a Veris building?
THE ENVIRONMENT
PEOPLE, CULTURE & COMMUNIT Y
ABOUT THE COMPANY
E THICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
ESG DATA TABLES
65

ESG REPORT 2022
ESG-Focused Resident Events
In 2022, Veris Residential hosted 226 resident events under the Embrace umbrella, meaning every event we do ties back to our 
sustainability and/or philanthropic ethos in some capacity. By ensuring our events are impactful and accessible, residents feel 
more encouraged to contribute and participate.
For our events, we prioritize partnering with small, local businesses, especially those that are women- and minority-owned. We also 
put great effort into getting the details right by offering local, organic fare, vegan options, and the likes of climate-neutral wine and 
fair-trade chocolate. All of this working in unison constantly inspires invaluable conversations amongst residents.
Overall, we’ve aimed high with our events by infusing them with sustainability and philanthropy. We’ve found the moments created 
to be all-important by giving our residents the sense of comradery and the fullness of doing good.
•	 Volunteer opportunities with local and national charitable organizations
•	 Charitable tie-backs during holiday and seasonal celebrations
•	 Multiple donation drives for food, clothing, and household goods
•	 Educational events regarding sustainability and wellness
•	 Blood drives through the American Red Cross
“ I love the no paper policy and the bringing your own cup to the coffee 
machine to minimize waste!”
EMMA H., THE CAPSTONE
What ESG feature(s) factored into you leasing or 
renewing at a Veris building?
Resident Event at The Capstone, West New York, NJ
THE ENVIRONMENT
PEOPLE, CULTURE & COMMUNIT Y
ABOUT THE COMPANY
E THICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
ESG DATA TABLES
66

ESG REPORT 2022
ESG as an Amenity: Veris Farms
WHY HYDROPONIC FARMS?
Hydroponic farms grow 3x faster and produce 30% more yield than traditional agricultural methods. As 
the future of farming, hydroponics use zero pesticides, zero herbicides, implement organic, integrative 
pest management, and they can be grown anywhere!
We opened the first Veris Farm at BLVD Collection in Jersey City in May 2022. Since opening, this 
Veris Farm has yielded 1,091.67 pounds of produce, and 4901 bags for the residents. All food being 
consumer grade, no waste to date. It is open for resident harvest every Thursday from 10am-6pm. 
Overage is bagged, refrigerated and distributed to residents on-demand.
The crops produced aren’t the only thing our residents receive. They are able to meet with the farmer 
to gain knowledge and understanding, and we host events at Veris Farm like: Pickling Workshops, 
Mushroom Inoculation, Medicinal Herbs and Flowers and much more.
Given the success and popularity of BLVD Collection’s Veris Farm, we are currently in the process of 
building-out two more farms: one at Haus25 and another at Liberty Towers, both in Jersey City, NJ.
Veris Farm at The BLVD Collection, Jersey City, NJ
“Veris Farm is a labor of love for everyone at The BLVD Collection, 
and a great source of pride for me. Every time I enter the farm, I am 
reminded of our commitment to protecting the earth, and just how 
much food can be produced in a small footprint. It’s a source of 
inspiration for our residents too!”
MICHAEL POLESE, SENIOR COMMUNIT Y MANAGER, THE BLVD COLLECTION
THE ENVIRONMENT
PEOPLE, CULTURE & COMMUNIT Y
ABOUT THE COMPANY
E THICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
ESG DATA TABLES
67

ESG REPORT 2022
ENHANCING SOCIAL BENEFIT FOR OUR COMMUNITIES
We recognize that our buildings are part of wider communities, and we see the importance of 
engaging with all of our stakeholders on a variety of issues. We ensure that we consult affected 
communities about our operations through a number of channels, including regular updates on 
site-specific projects that may have impact on the environment, health, or safety. We engage in active 
dialogue with our communities, and are members of local organizations and groups engaging in 
community issues. Our on-site teams and/or development teams are the first point of contact for any 
grievances or disputes, with in-place escalation procedures applied as necessary. We encourage our 
communities to provide feedback on our projects, boosting engagement, and ensuring alignment.
Affordable Housing
While we operate primarily in the Class A residential space, we have approximately 200 affordable 
homes across the portfolio, opening our communities to lower-income residents.
Real Estate Projects Contributing to Social Infrastructure and Local Enhancement 
As part of our developments, we are committed to improving our surroundings and enhance 
amenities for the wider community:
•	 As part of Haus25’s development, we constructed a new building for the local PS-16 public school 
(approximately $16 million spend).
•	 As part of the Port Imperial, NJ, revitalization, we funded and oversaw a $100 million infrastructure 
and off-site improvement investment in the area. These improvements included many publicly 
accessible amenities, such as the waterfront esplanade and the development of Weehawken’s 
Waterfront Park and Recreation Center, which Veris Residential designed, executed, and completed 
in 2007. Veris Residential also donated land which will be used to create one of the largest 
recreational waterfront complexes in the area.
Our Communities
•	 In Malden, MA, we invested over $7 million in creating a two-acre community park, a 7,000-square-foot 
public fire station for Malden and Revere, a seven-acre wetland, a passive recreation area with a new 
pedestrian crossing signal on Salem Street (improving access to the park) and the popular Northern Strand 
Community Trail.
We have also partnered with the Boys & Girls Clubs of Hudson County, allowing them to use one of our land plots 
as a garden facility and event space for their needs free of charge. The space, designed by Melillo and Bauer, 
received the Equity/Justice Award from ASLA New Jersey. The garden was constructed by volunteers from Veris 
Residential, the local community, Boys & Girls Clubs staff, and contractors, who cleaned the space to create a 
garden with more than 48 planting beds.
The James staff, Park Ridge, NJ: Millie Perez, Receptionist; Kadeem James, 
Community Manager; Maritza Moncada, Leasing Specialist
THE ENVIRONMENT
PEOPLE, CULTURE & COMMUNIT Y
ABOUT THE COMPANY
E THICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
ESG DATA TABLES
68

ESG REPORT 2022
Franer Mednard, Leasing Specialist, RiverTrace 
Chanelly Gonzalez, Senior Leasing Specialist, Capstone 
Gary Moise, Community Manager, RiverTrace
Our Communities, cont'd
Employing Local Workforce
Jersey City is one of the most diverse areas in the United States. We work with many 
local businesses and employ local residents whenever possible. As part of our Haus25 
development, we committed to make best efforts to employ at least 50% of workforce from 
Jersey City, 51% of whom are minorities and in non-traditional jobs. 
“Everything we do has a purpose to enhance the resident and 
employee experience and all that touches it.  Whether it be the 
people, our communities, or the environment, the goal is to 
educate and bring together action to create a better tomorrow.”
PJ LEFORT, SENIOR VICE-PRESIDENT OF OPER ATIONS
THE ENVIRONMENT
PEOPLE, CULTURE & COMMUNIT Y
ABOUT THE COMPANY
E THICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
ESG DATA TABLES
69

ESG REPORT 2022
Gino Gavilan, Maintenance Tech III , Julio Talavera, Maintenance Tech,  
Angel Salgado, Assistant Maintenance Manager,  Eddie Salce, Maintenance 
Manager, Michael Gustin, Regional Maintenance Manager
As a real estate company, Veris Residential is responsible for ensuring the 
safety of our employees, tenants, and residents. In particular, the Company 
must ensure that all properties comply with current regulations and that 
fire safety services are up to speed. In the last two years, we had to further 
ensure the adequacy of the health and safety systems in place.  
Our health and safety system is anchored to a number of internal policies and procedures. 
It supports:
•	 Meeting applicable legal requirements, in particular in line with the Occupational Safety and 
Health Administration (“OSHA”) guidelines 
•	 Preventing occupational injury and reducing illness risks
•	 Offering our employees training in health and safety topics 
Our Employee Handbook, annually acknowledged by each employee, contains a safety policy 
providing guidance on reporting on all health and safety related matters. To increase employee 
awareness of health and safety, in particular for our on-site staff, we provide training upon hiring, 
which is complemented by annual updates and other job-specific training. Each employee 
bears responsibility for following the Veris Residential Occupational Health & Safety Policy and 
reporting potential risks. In addition, we offer free participation in first aid courses annually 
and provided our first Active Threat training in 2023. During 2022, Veris Residential employees 
completed 637 hours (the equivalent of three hours per employee) of heath- and safety-
related courses.
Health & Safety
THE ENVIRONMENT
PEOPLE, CULTURE & COMMUNIT Y
ABOUT THE COMPANY
E THICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
ESG DATA TABLES
70

ESG REPORT 2022
OCCUPATIONAL HEALTH AND SAFET Y
Veris Residential supports our employees’ health and well-being by guaranteeing them a good work-life balance, thus maintaining 
a low absenteeism rate and employing a thriving workforce with people more engaged in their work. In 2022, as has been the 
case for the last five years, the Company recorded no fatal work-related accidents among our employees and contractors. The 
number of work-related accidents resulting in lost time of at least one day (“LTIR”) has consistently remained below 10 per year. 
Please refer to the Data Tables for further details.
WELL HEALTH-SAFET Y R ATING
All of our managed properties, as well as our corporate headquarters are WELL Health-Safety rated focusing on six main health/
safety themes, including:
•	 Cleaning and sanitation procedures
•	 Emergency preparedness programs
•	 Health service resources
•	 Air and water quality management
•	 Stakeholder engagement and communication
•	 Innovation
Health & Safety
Emmanuel Torres, Sr. Maintenance Manager, Haus25
THE ENVIRONMENT
PEOPLE, CULTURE & COMMUNIT Y
ABOUT THE COMPANY
E THICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
ESG DATA TABLES
71

ESG REPORT 2022
Health & Safety, cont'd
Aqua Mizer Installation, Soho Lofts, Jersey City, NJ
ON-SITE HEALTH AND SAFET Y
Our team is constantly inspecting each of our properties to ensure that the highest standards are maintained at all times. 
These measures include visual inspections for signs of moisture accumulation, discoloration, water pipe leaks, and mold at all 
indoor spaces, as well as mechanical systems that limit exposure to chemical and biological factors.
Physical Factors
•	 Natural light and noise exposure evaluated and managed during any development/
refurbishment 
Chemical Factors
•	Annual third-party air- and water-quality testing
•	Regular visual checks by our on-site team
•	Green cleaning
•	Presence of asbestos is assessed prior to any major refurbishment activity
Biological Factors
•	Thorough cleaning protocols in common areas and offices
•	Semi-annual checks for mold
ACTIONS
THE ENVIRONMENT
PEOPLE, CULTURE & COMMUNIT Y
ABOUT THE COMPANY
E THICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
ESG DATA TABLES
72

ESG REPORT 2022
Health & Safety, cont'd
AIR AND WATER TESTING 
We are committed to annual air- and water-quality testing across all of our managed residential 
properties. By testing regularly, we can identify and address any pollutants promptly, creating a safe, 
healthy, and inviting living environment that enhances overall well-being. Any risks identified or 
measurements above acceptable thresholds are further analyzed and remedied within the year.  
•	 Indoor air is tested for particulate matter, VOCs, formaldehyde, ozone, and carbon monoxide 
•	 Water is tested for  turbidity, pH, residual chlorine, and total coliforms if residual chlorine is below 
detection limits 
The team also carries out semi-annual inspections, ensuring functionality of the thermostats and 
carbon monoxide detectors through preventative maintenance visits.
GREEN CLEANING
One of our portfolio-wide procurement strategies has been the rollout of eco-friendly cleaning to 
protect our residents against chemical exposure. Some of the most common cleaning products today 
contain toxic ingredients that can increase the risk of asthma or respiratory symptoms, particularly 
within sensitive populations. Green Cleaning products, used across our waterfront office properties 
and the multifamily portfolio, contain environmentally friendly chemicals that are designed to 
preserve human health. We worked with our suppliers and on-site teams to ensure rigorous criteria 
and a standard cleaning policy across all our properties.
Green cleaning at The James, Park Ridge, NJ
THE ENVIRONMENT
PEOPLE, CULTURE & COMMUNIT Y
ABOUT THE COMPANY
E THICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
ESG DATA TABLES
73

ESG REPORT 2022
Health & Safety, cont'd
SAFET Y AND SECURIT Y
We use a variety of safety measures to support our tenants’ business continuity plans within our assets, including 
keeping them informed about extreme weather events and regularly scheduling fire drills. We also provide 
protection and prevent crime on site by cooperating with the police and fire departments, creating response 
plans for unplanned incidents and events, and increasing camera coverage, as required. Our properties are 
protected through smart locks and/or a 24/7 concierge, who monitors incoming visitors and enhances the 
security of our residents.
Lastly, we continually strengthen the security of our buildings by applying emerging technology to improve our 
already robust building systems and digital operational solutions. In addition to our internal efforts, we track 
regulatory requirements and upgrade our properties regularly to ensure compliance with safety codes. 
To facilitate resilience and recovery during and after an emergency, all of our properties have area(s) dedicated 
for emergency public use (e.g., rescue teams, emergency responders, relief organizations, etc.). Where 
applicable, indoor or outdoor space that  can easily be accessed upon arrival will be made available. The Property 
Management team is intimately familiar with the layout and operations of our facilities and is responsible for 
coordinating our available resources with emergency personnel as needed.
Our emergency response, disaster recovery, and business continuity plans focus on minimizing incident 
response time to help mitigate business interruptions and restore properties as soon as possible. These plans 
keep the Company operational during interruptions, which, in turn, enables us to support our tenants and their 
business continuity.
Yesenia Santiago, Concierge, Haus25
THE ENVIRONMENT
PEOPLE, CULTURE & COMMUNIT Y
ABOUT THE COMPANY
E THICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
ESG DATA TABLES
74

ESG REPORT 2022
Philanthropy
Veris associates at the St. Jude Walk in Meadowlands, NJ
In 2022, Veris Residential engaged in extensive, meaningful philanthropic engagement with a core of 
four national partners that deploy resources at a local level, as well as local organizations that are active 
within the communities where we operate. As a part of the Veris Residential’s rebranding in 2021, we 
reevaluated our philanthropic contributions and established a new approach. The result was Embrace by 
Veris Residential, which provides opportunities for residents and employees to engage with like-minded 
philanthropic partners in a meaningful, fulfilling way. 
ST. JUDE CHILDREN’S RESEARCH HOSPITAL 
In 2022, we worked with St. Jude for the first time, not only as a corporate sponsor but also as a participant 
of their annual 5K Walk/Run. The Veris Residential team was extremely enthusiastic to embark on a two-
month campaign to raise funds for the Walk/Run by engaging family, friends, residents, vendor partners 
and more for donations. In the end, we raised over $80k, which—in combination with our annual corporate 
sponsorship—had an enormous impact on the hospital.  
RED CROSS 
As a long-time partner of the Red Cross, we continued to find new opportunities to support the organization 
outside our annual corporate sponsorship. These efforts include hosting a blood drive at our corporate 
headquarters, during which Veris Residential invited our employees, tenants, and residents of the 
community to donate. Ultimately, the Red Cross was able to collect 20 pints of blood, saving 60 lives.  
On top of these efforts, many members of our maintenance team participated in ‘Sound the Alarm,’ an event 
during which our teams inspected and installed fire alarms in homes throughout New Jersey while teaching 
families about fire safety. We also participated in a ‘Holiday for Heroes’ event for veterans residing at New 
Jersey Veterans Home at Paramus. We were able to provide a DJ and catering for the event while our 
residents sent hand-crafted cards and hand-packed care packages for veteran residents. 
THE ENVIRONMENT
PEOPLE, CULTURE & COMMUNIT Y
ABOUT THE COMPANY
E THICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
ESG DATA TABLES
75

ESG REPORT 2022
HABITAT FOR HUMANIT Y  
As in years past, we continued to provide corporate sponsorship for Habitat for Humanity in both New Jersey 
and Boston. Our teams participated in Habitat builds throughout the summer and fall in Bergen County, New 
Jersey, and Malden, Massachusetts. Our efforts included everything from framing and painting to landscaping 
and furniture building.  
NATIONAL FOREST FOUNDATION AND ECOLOGI
Veris Residential worked with the National Forest Foundation to plant a tree each season in honor of each 
and every one of our employees and residents, helping replenish our national forests. Additionally, we 
incorporated some of the National Forest Foundations lessons into our resident events. At the end of the year, 
we partnered with Ecologi, a certified B-Corp focused on climate action, to fund the planting of one tree for 
each resident and employee in honor of the winter holidays.
Philanthropy, cont'd
Nicole Jones, SVP of Marketing & Communications and Susan Grosso, 
Vice President of Marketing, during a Habitat for Humanity build
Red Cross Holiday for Hereos at Haus25, Jersey City, NJ
THE ENVIRONMENT
PEOPLE, CULTURE & COMMUNIT Y
ABOUT THE COMPANY
E THICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
ESG DATA TABLES
76

ESG REPORT 2022
Philanthropy, cont’d
As in years past, Veris Residential continued to support 
local organizations, completing important work in the 
communities where we operate. In July, our teams and 
interns assembled 24 bikes for The Boys & Girls Club of 
Jersey City. They also provided a large-scale donation 
of summer camp supplies to the Boys & Girls Clubs of 
Jersey City and Charlestown, Massachusetts. Additionally, 
throughout the year we engaged in a number of toy 
and diaper drives at our properties in Jersey City, which 
benefited The Boys & Girls Clubs and their families. 
Our other philanthropic partners include:
•	 The Boys & Girls Club of America: Jersey City,  
Charlestown, Worcester, Morristown
•	 Jersey City Medical Center
•	 The West New York Police Department
•	 York Street Project
•	 The Paramus Veteran's Home
•	 Emeryville Citizens Assistance Program
•	 Greater Boston Food Bank
•	 GreenDrop Benefitting The American Red Cross  
& Purple Heart Foundation
West NY Police Department holiday toy donations
Boys & Girls Club donation drives (school supply 
donations, top; summer camp donations, bottom), 
Jersey City, NJ
THE ENVIRONMENT
PEOPLE, CULTURE & COMMUNIT Y
ABOUT THE COMPANY
E THICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
ESG DATA TABLES
77

ESG REPORT 2022
Board of Directors	
 80
Stakeholder Engagement	
81
Ethics & Compliance	
 83
Responsible Supply Chain	
86
Cybersecurity	
88
Ethics, 
Compliance & 
Governance
THE ENVIRONMENT
ABOUT THE COMPANY
ETHICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
PEOPLE, CULTURE & COMMUNIT Y
ESG DATA TABLES
78

ESG REPORT 2022
The BLVD Collection, Jersey City, NJ
2022 Highlights
•	 Led by a diverse and highly independent Board 
of Directors 
	
• 33% female 
	
• 44% racially/ethnically diverse
•	 Launched third-party, whistleblower hotline
•	 Introduced Supplier Diversity Program, including a 
commitment to increase spend by 25% in 2023
•	 Completed IT infrastructure migration to cloud-
based environment
THE ENVIRONMENT
ABOUT THE COMPANY
ETHICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
PEOPLE, CULTURE & COMMUNIT Y
ESG DATA TABLES
79

ESG REPORT 2022
Board of Directors
INDEPENDENT/ 
NON-INDEPENDENT
11%
89%
Independent
GENDER DIVERSIT Y
67%
33%
Female
Male
R ACIAL/ETHNIC
DIVERSIT Y
56%
44%
Diverse
White
Frederic
Cumenal
A. Akiva
Katz
Nori Gerardo 
Lietz
Victor B.
MacFarlane
Howard S.
Stern
Tammy K. Jones
Board Chair
Ron
Dickerman
Stephanie
Williams
Mahbod 
Nia
Non-
Independent
Veris Residential has a nine-member Board 
of Directors (the “Board”). Eight directors are 
considered independent under the NYSE 
listing standards, with the ninth director being 
Mahbod Nia, the Company’s CEO. The Board 
is assisted by its committees: 
•	 Audit Committee
•	 Compensation Committee
•	 Nominating, Environmental, Social and 
Governance Committee (“NESG”)
•	 Strategic Review Committee 
The Board and its NESG Committee utilize 
a Director Qualifications Matrix to evaluate 
the core criteria that every member of the 
Board should meet and assess an individual’s 
contributions to the skills and attributes 
desired to be represented collectively on the 
Board , including diversity of background, 
experience and expertise. The Board does 
not discriminate on the basis of race, color, 
national origin, gender, gender identity and 
expression, religion, age, disability, affectional 
orientation, or sexual orientation. 
Veris Residential is proud to have a diverse 
Board that is 33% female and 44% racially/
ethnically diverse.
TAMMY K. JONES, BOARD CHAIR, VERIS RESIDENTIAL
“Over the past year, Veris Residential has continued to advance our mission of 
being a responsible, sustainable, and inclusive multifamily company with best-in-
class corporate governance principles, an impact-driven approach to supporting 
the environment and the communities we serve, and a Board and management 
team dedicated to the well-being of all of our stakeholders. We are proud to have 
recently added two new independent directors to our Board, each of whom brings 
deep industry knowledge and fresh perspectives, further diversifies our Board 
composition, and reinforces our commitment to upholding the highest ethical 
standards at the Company.”
THE ENVIRONMENT
ABOUT THE COMPANY
ETHICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
PEOPLE, CULTURE & COMMUNIT Y
ESG DATA TABLES
80

ESG REPORT 2022
Stakeholder Engagement
The Upton, Short Hills, NJ
Veris Residential’s stakeholders are individuals and organizations that impact or can be impacted by Veris Residential’s operations. Our main stakeholder groups include stockholders, employees, tenants and residents, 
suppliers, industry associations, communities, NGOs, advocacy and activist groups, governmental organizations and regulating bodies, media, and competitors. We engage with our stakeholders regularly and through 
multiple channels, taking their valuable feedback into account when assessing and preparing our corporate sustainability strategy.
THE ENVIRONMENT
ABOUT THE COMPANY
ETHICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
PEOPLE, CULTURE & COMMUNIT Y
ESG DATA TABLES
81

ESG REPORT 2022
THE COMPANY USED THE FOLLOWING ENGAGEMENT METHODS IN 2022
VRE  
WEBSITE
ANNUAL  
REPORT
SEC FILINGS
AGM
ESG REPORT
INTR ANE T
NE WSLE T TER 
& EMAIL 
COMMUNICATION
GRIE VANCE 
HOTLINE
RESIDENT 
ENGAGEMENT 
SURVE YS
EMPLOYEE 
ENGAGEMENT 
SURVE Y
RESIDENT APP
PHIL ANTHROPY & 
VOLUNTEERING
INDUSTRY 
E VENTS & 
CONFERENCES
K E Y ARE AS OF INTEREST /  
FREQUENCY OF COMMUNICATION
Ongoing
At least quarterly
Annually
Ongoing
Monthly
Ad-hoc
At certain events
At least annually
Ongoing
Ongoing
Ad-hoc
SHAREHOLDERS
•	Financial performance
•	Corporate governance, ethics, and ESG
•	Business strategy
EMPLOYEES
•	Recognition
•	Compensation and benefits
•	Training and development
•	Workplace health and safety
•	Diversity and inclusion
RESIDENTS
•	Excellent customer service
•	High quality homes
•	Health and safety
•	Sustainability
•	Community development
•	Business ethics
SUPPLIERS &  
BUSINESS PARTNERS
•	Financial performance
•	Contractual conditions
•	Workplace health and safety
•	Diversity and inclusion
LOCAL COMMUNITIES
•	Community development
•	Environmental impact
GOVERNMENTAL & 
NON-GOVERNMENTAL 
ORGANIZ ATIONS
•	Business ethics and compliance
•	ESG goals and strategy
•	Health and safety
•	Human rights
Stakeholder Engagement
THE ENVIRONMENT
ABOUT THE COMPANY
ETHICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
PEOPLE, CULTURE & COMMUNIT Y
ESG DATA TABLES
82

ESG REPORT 2022
Veris Residential is committed to a strong Ethics & Compliance program, 
which remains a cornerstone of the Company’s governance. Our objective 
is to conduct business with the highest integrity and in compliance with 
the letter and spirit of the law.
The Code of Business Conduct and Ethics (COBCE) represents the Company’s key policy 
guide for daily operations, outlining expectations of employee and director conduct, internally 
and towards the Company’s stakeholders. The COBCE is available on the Company’s website, 
intranet, and within the Employee Handbook (together with other ESG policies mentioned 
in this report), which is reviewed and signed by each employee upon commencing their 
employment and on an annual basis when updated.
WHISTLEBLOWER PROTECTION AND GRIEVANCE MECHANISM 
 
Veris Residential has a strict non-retaliation policy to encourage employees to raise issues and 
report concerns of misconduct with respect to ethics and compliance issues . Retaliation is not 
tolerated, and any employee who engages in retaliatory behavior will be subject to disciplinary 
action, up to and including termination. Grievance mechanisms, which are regularly shared with 
employees, are included within the policy documents and on the company’s intranet.
In order to further enhance our whistleblower protection policy, in 2022, we introduced a 
third-party-operated ethics-and-compliance hotline which allows our employees and other 
stakeholders to raise concerns anonymously, if desired. The hotline is managed by a third 
party is available 24 hours a day, seven days a week and offers intake in English and other 
languages. Any reports of misconduct are processed on a confidential basis by leadership in 
the Company’s Legal or Human Resources department, who involve other team members and/
or the Board of Directors, as required.
No significant incidents of misconduct related to ethics and compliance matters were reported 
in 2022, either using the procedures outlined in our policies.
Ethics & Compliance
Jessica Bishop, Sr. HR Generalist and Joselyn Wright, Sr. HR 
Coordinator, leading Intern Welcome Day
THE ENVIRONMENT
ABOUT THE COMPANY
ETHICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
PEOPLE, CULTURE & COMMUNIT Y
ESG DATA TABLES
83

ESG REPORT 2022
ANTI-HAR ASSMENT
Veris Residential is determined to combat workplace harassment in any form. Harassment in all forms is 
unacceptable and contrary to the Company’s values, culture, and work environment. Toward that end, 
Veris Residential maintains policies and complaint procedures prohibiting sexual harassment, as well as 
harassment and discrimination based on protected classifications, which also form an integral part of 
the COBCE.
Veris Residential realizes the importance of ensuring all employees can recognize all forms of harassment, 
know how to report it, and are able to find support when they need it. Anti-harassment education is an 
integral part of the training program provided to all employees. Veris Residential prohibits retaliation 
against any individual who complains of or reports an instance of harassment or participates in an 
investigation of a harassment complaint. All employees are encouraged to report any breaches of the 
anti-harassment policies to the General Counsel, to Human Resources Department, or through the third-
party hotline.
ANTI-CORRUPTION AND MONEY L AUNDERING
Veris Residential is committed to complying with all applicable anti-money-laundering laws and will not 
knowingly do business with anyone suspected of being connected with criminal or terrorist activity or 
who is subject to applicable trade sanctions. In line with our Anti-Bribery and Corruption Policy, business 
dealings with third parties should not result in unusual gains for employees or the third party. 
In order to reduce the chance that we will be unwittingly used to assist in money laundering, the Company 
seeks to undertake reasonable steps to determine the identities of the third parties with which we engage. 
Procedures are in place to mitigate the risk and to identify individuals and organizations that may pose a 
higher risk to the Company, including persons identified on lists maintained by the Office of Foreign Assets 
Control (OFAC). Purchase agreements, sale agreements, and leases with tenants restrict Veris Residential 
from doing business with persons identified on lists maintained by OFAC. The Company’s employees, 
officers, and directors are required to immediately report any suspicious activities to the General Counsel.
Ethics & Compliance
Beverly Sturr, VP Legal Administration 
Richard Schwartz, VP and Senior Associate Legal Counsel 
Jaclyn Patanella, Executive Administrative Assistant
THE ENVIRONMENT
ABOUT THE COMPANY
ETHICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
PEOPLE, CULTURE & COMMUNIT Y
ESG DATA TABLES
84

ESG REPORT 2022
Ethics & Compliance
HUMAN RIGHTS
While governments have the primary responsibility to protect the human rights of their citizens, Veris 
Residential believes supporting human rights’ protections is the Company’s duty as a good corporate 
citizen and doing so is fundamental to the Company’s values. 
At Veris Residential, we consider human rights both internally and with respect to the Company’s 
suppliers and other stakeholders. We recognize that unless a company is thoughtful about its day-to-day 
management policies and practices, business-as-usual activities can pose a risk to human rights. The 
Company seeks to ensure that respect for human rights is actively practiced in all business activities and 
that such activities do not infringe on the human rights of other people. 
In 2020, Veris Residential implemented a formal Human Rights Policy, considering several potential risks 
that the traditional business-as-usual operations could pose to human rights, including:
•	 Unsafe, unhealthy, or unsecured workplaces
•	 Unfair work hours, forced labor, human trafficking, and child labor
•	 Lack of reporting opportunities
The Company monitors its potential and actual impact on human rights and assesses any associated risks 
on an annual basis or as needed. In 2022, the Company reviewed and evaluated a number of human 
rights matters, including:
•	 Employee and resident health and safety and the Company’s emergency procedures
•	 The Company’s commitment to paying all employees a living wage
The policy covers a variety of salient topics, including forced labor, child labor, human trafficking, slavery, 
health, safety, discrimination and prejudice. The policy is available on the Company’s website and intranet, 
as well as within the Employee Handbook. Moreover, we have been a signatory to the UN Global Compact 
since 2020 and have joined the Early Adopter Program in 2022. This commitment demonstrates our desire 
to respect the 10 universal principles relating to human rights, international labor standards, environmental 
protection, and the fight against corruption—and to ensure that our suppliers and subcontractors 
do likewise.
The Company periodically carries out human rights due diligence in order to remedy any negative impact 
caused by human rights violations occurring as a result of its business activities. We maintain a framework 
for human rights due diligence and annually screen our Top 100 suppliers. Please refer to the next page for 
further details. 
If it comes to their attention that suppliers infringe the law, our Human Rights Policy or the Supplier Code 
of Conduct, we ask our employees to report it to their superior or the General Counsel. Additionally, 
the Company has established an independent compliance hotline through which employees can report 
violations anonymously.
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85

ESG REPORT 2022
Responsible Supply Chain
“Our supplier diversity program not only enables us to offer high quality, 
cost-effective products and services to our residents and team members, 
but also contributes to our mission of supporting our properties, our 
people, and our planet by offering wealth-generating opportunities to 
business owners from historically excluded groups.”
REBECCA BELL AMY, ASSOCIATE, ESG/OPER ATIONS
As previously mentioned, it is important to Veris Residential that our suppliers 
and partners operate ethically. Veris Residential works with a large number of 
economic players to develop and operate our assets. These entities may be 
affected by risks, including:
•	 Social risks stemming from undeclared work, forced labor, or non-
compliance with working hours
•	 Environmental risks stemming from the use of products that are dangerous 
for people, or non-compliance with environmental regulations
•	 Ethical risks, including risk of corruption 
To mitigate these risks, Veris Residential developed and published our 
Supplier Code of Conduct in 2020, ensuring our suppliers are aware of the 
environmental, governance, and ethical standards we expect from them and 
the business practices that we will not tolerate. Furthermore, the Company 
conducts an extensive supplier screening to assess supplier-related risks.
The Supplier Code of Conduct states that a supplier must follow all applicable 
laws in the countries in which it operates and be committed to the value of, 
and respect for, all people. The Supplier Code of Conduct explicitly details 
labor standards that apply to all workers, including, without limitation, 
temporary, migrant, student, contract, direct, and any other type of worker. 
Labor standards covered in the Supplier Code of Conduct are aligned 
to those in the Sustainability Policy and the Human Rights Policy that are 
applicable to our operations: child labor; human trafficking, slavery and the 
right to voluntary labor; freedom against prejudice and discrimination; safe 
and secure workplace, work hours, and wages; and freedom of association.
SUPPLIER SCREENING AND MONITORING 
•	 This Supplier Code of Conduct has been incorporated directly into all our major contracts since its publication, and all suppliers are required 
to comply with the standards set forth therein. While Veris Residential conducts an annual supplier screening, vendors must self-monitor 
and should be able to demonstrate compliance with the Supplier Code of Conduct upon request. If a vendor is flagged as noncompliant, 
the Company reserves the right to take appropriate actions, including on-site inspections or contract termination. Employees responsible 
for purchasing and utilizing a risk-management platform. They receive regular training to ensure compliance with our supplier standards, 
including diversity monitoring.
•	 In 2022, we conducted an internal assessment of compliance with our Human Rights and Sustainability policies. We have screened 100 
of our largest suppliers, representing over 70% of our annual spend. As part of the assessment, we have also identified critical suppliers 
representing 9% of our annual spend. 
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86

ESG REPORT 2022
Responsible Supply Chain (cont’d)
COMMITMENT TO SUPPLIER DIVERSIT Y
Veris Residential is committed to fostering a diverse supplier base through our Supplier Diversity 
Program . We believe our process enables us to identify innovative, efficient and timely supplier, 
subcontractor and teaming resources. We believe our investment in and support of diverse suppliers 
benefits not only our organization but also our clients’ operations and our global communities. 
Through our Supplier Diversity Program, we identify opportunities to engage and partner with 
minority- and women-owned businesses. In 2022, we were members of NMSDC (National Minority 
Supplier Development Council) and WBEC of Metro NY and Greater DMV (Women’s Business 
Enterprise Council), hosting events with our key suppliers to enhance their awareness of these 
certification opportunities.
Goal:  Increase spend across multifamily operations with diverse  
suppliers (minority-, or women-owned) by 25% during 2023 
(2022 base year)
In 2022, we started tracking and monitoring our spend with diverse suppliers to measure our Supplier 
Diversity Program’s success across our multifamily operations. Approximately 24% of our operational spend 
in 2022 was paid/payable to diverse suppliers. To help us achieve this goal, we have set up a Supplier 
Diversity Task Force and identified a new supplier relationship management tool to support our strategic 
supplier diversity goals, including continued diversification and increased quality of reporting. 
Monique Grant, Administrative Assistant, Corporate Office
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87

ESG REPORT 2022
Cybersecurity
Darren Shetler, Senior IT Administrator, helping Sandra Ellington, 
Executive Administrative Assistant, Corporate Office
Internet security, protection against cyber threats, addressing 
vulnerabilities, and data privacy are top priorities for Veris 
Residential. The Company is committed to protecting the 
data and respecting the privacy of our tenants and residents, 
securing personal information, and earning the trust of all 
individuals whose personal information we handle.
Veris Residential’s robust cybersecurity program takes 
a defensive in-depth approach that combines modern 
technology to protect assets and accounts, an aggressive 
patching discipline that addresses software vulnerabilities, 
least privileged access that reduces our footprint available for 
compromise, and continuous education that ensures that our 
people are a strength in the battle to protect the Company’s 
assets. We also engage with third-party vendors to assess 
our defense mechanisms and have an information-security 
insurance policy in place to protect against the unforeseen.
The Company's CISO reports directly to the Chief Operating 
Officer, who is responsible for overseeing cybersecurity 
within the Company. The Audit Committee is responsible for 
overseeing internet security matters and is briefed on these 
matters by Senior Management at least quarterly and as needed 
if vulnerabilities are exposed. 
Employees must sign a Computer Conduct policy. The Company 
also engages in quarterly phishing exercises to instill vigilance 
and strengthen employees’ security awareness. Failure to 
pass the phishing exercises automatically results in additional 
cybersecurity training (see Training & Professional Development 
for details). IT Management also regularly engages the company 
on cybersecurity topics and potential threats.
THE ENVIRONMENT
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ETHICS, COMPLIANCE & GOVERNANCE
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ESG DATA TABLES
88

ESG 
Data Tables
ESG Data Tables – Environmental	
90
ESG Data Tables – Social	
96
ESG REPORT 2022
89
THE ENVIRONMENT
ABOUT THE COMPANY
E THICS, COMPLIANCE & GOVERNANCE
PEOPLE, CULTURE & COMMUNIT Y
ABOUT THIS REPORT
ESG DATA TABLES

ESG Data Tables - Environmental
Sustainability Certifications
2022 based on 7.6 million sq ft of multifamily and 3 million sq ft of office
Segment
2020 
(% GFA)
2021 
(% GFA)
2022 
(% GFA)
Green Certified Properties 
(Multifamily managed)
LEED® or LEED® Equivalent 
41%
42%
40%
ENERGY STAR®
—%
—%
18%
Total Green Certifications
41%
42%
58%
WELL Health-Safety Rating
Multifamily Managed
n/a
82%
100%
Office 
n/a
n/a
40%
Corporate Headquarters
n/a
n/a
100%
WELL Equity Rating* 
Multifamily Managed
n/a
n/a
n/a
Office 
n/a
n/a
n/a
Corporate Headquarters
n/a
n/a
100%
WiredScore
Office (Same Store, in service)
54%
88%
81%
Accessibility 
2022 
(% portfolio)
2022 
(% portfolio)
Walk Score
Green Transit Infrastructure
Walker's Paradise (90-100)
64%
EV Chargers installed 
65%
Very Walkable (70-89)
27%
Bike Spaces Available 
100%
Other (<69)
9%
Transit Score
Rider's Paradise (90-100)
—%
Excellent Transit (70-89)
86%
Other (<69)
14%
Bike Score
Biker's Paradise (90-100)
5%
Very Bikeable (70-89)
72%
Other (<69)
23%
2022 Total Operational Carbon Footprint 
(excluding embedded carbon)
* Began implementing strategies in 2022; achieved in 2023.
ESG REPORT 2022
90
THE ENVIRONMENT
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ESG DATA TABLES

ESG Data Tables - Environmental
2022 Total Operational Carbon Footprint 
(excluding embedded carbon)
GHG Emissions (Scope 1 & 2) and Energy Intensity 
(Like-for-Like Portfolio, based on 5,299,366 sq ft)
2019
2020
2021
2022
YOY % Change
Baseline (2019) % 
Change
Market Based Emissions Intensity (mt/sq. ft.)
Total
0.0033
0.0030
0.0017
0.0015
-9.9%
-54.0%
Office
0.0083
0.0071
0.0051
0.0045
-11.5%
-45.6%
Multifamily
0.0021
0.0020
0.0009
0.0008
-8.0%
-61.4%
Location Based Emissions Intensity (mt/sq. ft.)
Total
0.0033
0.0030
0.0026
0.0024
-7.1%
-26.8%
Office
0.0083
0.0071
0.0051
0.0045
-11.4%
-45.5%
Multifamily
0.0021
0.0020
0.0020
0.0019
-4.6%
-10.3%
Energy Intensity (kBtu/sq. ft.)
Total
36.75
33.65
29.70
28.00
-5.72%
-23.82%
Office
86.09
74.20
53.86
49.52
-8.1%
-42.5%
Multifamily
25.60
24.48
24.23
23.13
-4.5%
-9.6%
Pollutant Levels
(market based data)
Pollutant	
Scope 1	
Scope 2	
Total
CO2	
4,928	
13,713	
18,642
CH4	
2	
28	
30
N2O	
2	
38	
40
HFC	
957	
0	
957
ESG REPORT 2022
91
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ABOUT THIS REPORT
ESG DATA TABLES

ESG Data Tables - Environmental
Energy Use
(kBtu)
2019
2020
2021
2022
YOY % Change
Baseline (2019) % 
Change
Total Portfolio
790,918,115
670,343,873
407,357,624
298,767,712
-26.66%
-62.23%
Natural Gas
Office
70,102,170
56,375,170
38,449,686
16,943,464
-55.93%
-75.83%
Multifamily
52,089,659
53,222,047
53,170,382
59,569,801
12.04%
14.36%
Electricity
Office
606,134,747
501,563,829
254,318,141
154,566,425
-39.22%
-74.50%
Multifamily
62,591,539
59,182,827
61,419,415
67,688,022
10.21%
8.14%
Total Like-For-Like Portfolio
194,776,438
178,304,435
157,375,605
148,378,706
-5.72%
-23.82%
Natural Gas
Office
640,660
1,631,360
35,360
63,937
80.82%
-90.02%
Multifamily
49,487,142
49,561,835
51,121,665
46,933,576
-8.19%
-5.16%
Electricity 
Office
83,486,109
70,879,414
52,597,273
48,331,395
-8.11%
-42.11%
Multifamily
61,162,526
56,231,826
53,621,307
53,049,798
-1.07%
-13.26%
ESG REPORT 2022
92
THE ENVIRONMENT
ABOUT THE COMPANY
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PEOPLE, CULTURE & COMMUNIT Y
ABOUT THIS REPORT
ESG DATA TABLES

ESG Data Tables - Environmental
Scope 1 and 2 GHG Emissions
(mtCO2e)
2019
2020
2021
2022
YOY % Change
Baseline (2019) % 
Change
Total Portfolio Scope 1 & 2
71,367
60,373
30,074
19,669
-34.6%
-72.4%
SCOPE 1
8,009
7,317
6,261
5,890
-5.9%
-26.5%
Office
4,066
3,313
2,261
1,595
-29.4%
-60.8%
Multifamily
3,943
4,004
4,001
4,295
7.4%
8.9%
SCOPE 2 (Location Based)
63,358
53,056
29,068
19,851
-31.7%
-68.7%
Office
57,814
47,840
23,615
13,890
-41.2%
-76.0%
Multifamily
5,544
5,216
5,453
5,961
9.3%
7.5%
SCOPE 2 (Market Based)
63,358
53,056
23,813
13,779
-42.1%
-78.3%
Office
57,814
47,840
23,488
13,779
-41.3%
-76.2%
Multifamily
5,544
5,216
325
0
-100.0%
-100.0%
Total Like-For-Like Portfolio Scope 1 & 2 (Market Based)
17,240
15,679
8,804
7,929
-9.9%
-54.0%
SCOPE 1
3,866
3,925
3,920
3,590
-8.4%
-7.2%
Office
110
165
77
53
-31.1%
-51.9%
Multifamily
3,756
3,760
3,843
3,537
-8.0%
-5.8%
SCOPE 2 (Location Based)
13,374
11,754
9,657
9,029
-6.5%
-32.5%
Office
7,963
6,761
4,884
4,343
-11.1%
-45.5%
Multifamily
5,411
4,993
4,773
4,686
-1.8%
-13.4%
SCOPE 2 (Market Based)
13,374
11,754
4,884
4,339
-11.1%
-67.6%
Office
7,963
6,761
4,884
4,339
-11.1%
-45.5%
Multifamily
5,411
4,993
0
0
-100.0%
-100.0%
ESG REPORT 2022
93
THE ENVIRONMENT
ABOUT THE COMPANY
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PEOPLE, CULTURE & COMMUNIT Y
ABOUT THIS REPORT
ESG DATA TABLES

ESG Data Tables - Environmental
Scope 3 GHG Emissions
(mtCO2e)
2022
Scope 3 Emissions, Emission Category
Category # 1 - Purchased goods and services
9,705
Category #2 - Capital goods
14,393
Category #3 - Fuel and energy-related activities
1,676
Category #5 - Waste generated in operations
2,129
Category #6 - Business travel (air only)
28
Category #7 - Employee commute
239
Category #13 - Downstream leased assets
11,730
Scope 3 Emissions,Grand Total
39,900
 
Water Withdrawn
(m3)
2019
2020
2021
2022
YOY % Change
Baseline (2020) % 
Change
Total Portfolio
1,021,940
914,708
736,688
721,765
-2.0%
-21.1%
Office
544,880
374,804
203,044
124,776
-38.5%
-66.7%
Multifamily
477,060
539,904
533,644
596,989
11.9%
10.6%
Total Like-for-Like Portfolio 
511,329
520,704
522,587
527,538
0.9%
1.3%
Office
44,994
30,758
24,888
24,538
-1.4%
-20.2%
Multifamily
466,335
489,946
497,699
503,000
1.1%
2.7%
Like-for-Like Intensity
0.09
0.10
0.10
0.10
0.9%
1.3%
Office
0.05
0.03
0.03
0.03
-1.4%
-20.2%
Multifamily
0.11
0.11
0.12
0.12
1.1%
2.7%
ESG REPORT 2022
94
THE ENVIRONMENT
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ABOUT THIS REPORT
ESG DATA TABLES

ESG Data Tables - Environmental
Non-Hazardous Waste
2021
2022
YOY % Change
Waste Tonnage, Grand Total
Recycling
138
965
599.3%
Landfill
650
2,971
357.1%
Waste Total
788
3,936
399.5%
Diversion Rate
17.5%
24.5%
40.0%
Waste Tonnage, Property Type
Office 
Recycling
138
155
12.1%
Landfill
650
674
3.7%
Waste Total
788
829
5.2%
Diversion Rate
17.5%
18.7%
6.6%
Multifamily 
Recycling
810
N/A
Landfill
2,297
N/A
Waste Total
3,107
N/A
Diversion Rate
26.1%
ESG REPORT 2022
95
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ESG DATA TABLES

ESG Data Tables - Social
Workforce Statistics
Unit
2020
2021
2022
Total Workforce by Employment Type
Full-time
#
256
230
214
Part-time
#
3
4
1
Total
#
259
234
215
Total Workforce by Contract Type
Permanent
#
259
234
215
Temporary
#
n/a
4
0
Contractors
#
n/a
12
11
Total
#
259
250
226
Total Workforce by Age
<=29
%
11%
12%
13%
30 - 50
%
57%
59%
61%
>51
%
32%
29%
26%
Tenure
<=10
%
74%
64%
70%
10+
%
26%
36%
30%
15+
%
21%
25%
20%
20+
%
13%
12%
11%
Health and Safety
2018
2019
2020
2021
2022
Number of fatal incidents
0
0
0
0
0
Number of fatal incidents (contractors)
0
0
0
0
0
Number of work-related accidents resulting in lost 
time of at least one day
6
2
1
4
6
Number of work-related accidents resulting in lost 
time of at least one day (Contracted workforce)
0
0
0
0
0
LTIR
1.7
0.7
0.4
1.7
2.9
Training 2022
Content Area
Hours
% Content 
Area
DE&I
602
9%
Leadership
461
7%
Real Estate / Fair Housing
1,619
25%
Cybersecurity
558
9%
Professional Development & Corporate Culture
2,585
40%
Health & Safety
637
10%
Total 
6,462
100%
Training Spend 
$1,100 per person
 Board of Directors
Unit
2020
2021
As of May 4, 
2023
Board Composition
Directors (total)
#
8
8
9
Directors (independent)
#
7
7
8
% of independent Directors
%
88%
88%
89%
Board Diversity 
Gender Diversity
Male 
%
67%
75%
67%
Female 
%
33%
25%
33%
Ethnic Diversity
White
%
62%
56%
Diverse
%
38%
44%
ESG REPORT 2022
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ESG Data Tables - Social
Employee Diversity
Unit
2020
2021
2022
Gender Diversity
All Employees 
No. of employees excluding those 
who chose not to self identify
#
259
228
212
Male 
%
58%
59%
56%
Female 
%
42%
40%
44%
Non-Binary
%
—%
1%
—%
No. of employees including those 
who chose not to self identify
#
n/a
234
215
Male
%
58%
54%
Female
%
38%
44%
Non-Binary
%
1%
1%
Not Self-Reported
%
3%
1%
Executive Team
No. of employees 
#
6
6
5
Male 
%
83%
83%
40%
Female 
%
17%
17%
60%
Senior 
Management 
No. of employees 
#
36
37
28
Male 
%
80%
73%
54%
Female 
%
20%
27%
46%
Non-Binary
%
—%
—%
—%
Management 
No. of employees 
#
n/a
59
48
Male 
%
n/a
61%
48%
Female 
%
n/a
39%
52%
Non-Binary
%
n/a
—%
—%
New Hires
No. of employees
#
76
58
22
Male
%
75%
69%
48%
Female
%
25%
31%
52%
Non-Binary
%
—%
—%
—%
Unit
2020
2021
2022
Racial / Ethnic Diversity
All Employees 
No. of employees excluding those 
who chose not to self identify
#
259
228
212
White 
%
57%
51%
47%
Diverse
%
43%
49%
53%
No. of employees including those 
who chose not to self identify
#
n/a
234
215
White
%
48%
47%
Diverse
%
49%
52%
Not Self-Reported
%
3%
1%
Executive 
Team
No. of employees 
#
6
6
5
White
%
100%
83%
80%
Diverse
%
—%
17%
20%
Senior 
Management 
No. of employees 
#
36
37
28
White
%
94%
81%
75%
Diverse
%
6%
19%
25%
Management 
No. of employees 
#
n/a
59
48
White
%
88%
80%
81%
Diverse
%
12%
20%
19%
New Hires
No. of employees
#
76
58
22
White
%
29%
31%
36%
Diverse
%
71%
69%
64%
ESG REPORT 2022
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ESG DATA TABLES

ESG REPORT 2022
98
About This
Report
About This Report	
99
GRI Content Index	
102
TCFD Disclosure	
106
Glossary	
 109
Forward-Looking Statements	
111
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ESG REPORT 2022
99
REPORT OVERVIEW
This report provides an overview of the economic, environmental, and social impacts of Veris Residential, 
Inc. (“Veris Residential," “Company,” or "We”), a NYSE listed REIT headquartered in New Jersey, U.S.A.
Except where noted, the information covered in this report highlights our corporate responsibility initiatives 
in fiscal year 2022 (January 1, 2022, through December 31, 2022). Please see our 2022 Form 10-K for details 
on the entities included in our financial statements; those same entities are also included in this report. 
OUR APPROACH TO ESG REPORTING
This report has been aligned with the Global Reporting Initiative (GRI) 2016 Standards: Core Option, a 
framework that fosters consistency, comparability, and transparency. We have identified GRI as a trusted and 
recognized standard for reporting ESG performance. Please refer to the GRI Content Index for a complete 
list of GRI disclosures covered.
Since 2020, we have further enhanced the transparency of our ESG reporting by:
•	 Incorporating further recommendations of the Task Force on Climate Related Financial Disclosures (TCFD) 
into our climate resiliency strategy and corporate transparency efforts
•	 Aligning our targets and initiatives with the United Nations Sustainable Development Goals (SDGs)
About This Report
The Capstone, West New York, NJ
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ESG REPORT 2022
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About This Report, cont'd
Veris Residential, Inc. engaged an independent third-party to perform a limited assurance engagement for 
certain environmental and social metrics disclosed in the Company’s Environmental, Social & Governance 
Report as of or for the year ended December 31, 2022. The independent third-party report is available at 
our website.
For questions regarding this report or its contents, please contact: Karen Cusmano, Head of Sustainability & 
ESG, or Anna Malhari, Chief Operating Officer.
BOUNDARY AND EXCLUSIONS
Each year, we aim to increase the quality of the data reported. Unless otherwise stated, we are currently not 
reporting on unconsolidated joint ventures and our hotels and parking garages (over which we don’t have 
operational control). Boundaries of this report compared to the prior period have changed due to disposition 
of buildings during the year, as well as a number of development properties stabilized during the year.
Our like-for-like portfolio includes properties that were under our ownership since the base year and excludes 
new developments delivered between 2020 and 2022. 
GHG BASE DATA
Calendar year 2019 is used as the base year for purposes of assessing our 2030 targets and comparisons for 
our like-for-like portfolio.
RiverHouse 11, Weehawken, NJ
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About This Report, cont'd
•	 Category 5, Waste Generated in Operations: Emissions from waste generated in operations were calculated 
for both non-recyclable and recyclable waste from residential buildings. The weight of waste disposed by 
category was collected and multiplied by appropriate emission factors from the EPA’s Emissions Factors for 
Greenhouse Gas Inventories data set to determine emissions from waste generated in operations.
•	 Category 6, Business Travel (commercial air travel): Data used to report GHG Emissions from transporting 
our employees is obtained from employees and supported by our expense reimbursement systems. The 
emissions are calculated using International Air Transport Association (IATA)  RP1726. 
•	 Category 7, Employee Commuting: HR data, including work and home zip codes of employees understood 
to be commuting to work every day, was collected and a survey was conducted to understand the mode of 
transport taken to commute by the employees. A geocoding tool was leveraged to calculate the distance of 
the daily trip. The HR data was also used to understand the number of working days in 2022 for any employee 
based on hiring/termination date. Based on the survey details, it was also assumed that employees who did 
not respond to the survey were using own vehicles to commute to the office. Emissions were calculated using 
EPA’s Emissions Factors for Greenhouse Gas Inventories data set and the Department for Environment, Food 
& Rural Affairs (DEFRA) for appropriate mode of transport. HR data representing the employees working 
from home, zip code and anticipated working hours were collected. Leveraging the EcoAct working paper, 
emissions associated with the heating, cooling and office equipment were estimated based on the proportion 
of employees in the relevant eGRID regions.
•	 Category 13, Downstream Leased Assets: Emissions from downstream leased assets were calculated using 
the actual electricity and fuel (natural gas) consumption in residential buildings for spaces outside of Veris’ 
Scope 1 and 2 reporting boundary. In absence of actual data, an energy intensity factor from the Commercial 
Buildings Energy Consumption Survey (CBECS) database paired with leased square feet was used to 
calculate the annual energy consumption. Electricity and fuel data is aggregated and multiplied by the 
emission factors sourced from the eGRID for electricity and the US EPA’s MRR for fuels to determine emissions 
from the operations of downstream leased assets.
SCOPE 1 & 2
Activity data used to calculate Scope 1 (direct) emissions is sourced from direct measurements or 
third-party invoices (e.g., natural gas) and internal assessments/measurements for stationary and 
mobile combustion, as well as refrigerants. Activity data used to calculate Scope 2 (indirect) emissions 
is sourced from third-party invoices (e.g., electricity), wherever possible, and is collected across the 
business via a variety of internal processes and systems.
SCOPE 3  
We have collected Scope 3 data through various methods:
•	 Category 1 & 2, Purchased Goods and Services & Capital Goods: Spend data was collected for the 
reporting year and all spends were categorized as either capital or operational expenses based on 
Veris’ internal financial accounting practices. The spend data was further paired with appropriate 
economic input/output emission factors from the CEDA (Comprehensive Environmental Data 
Archive) data set to determine emissions based on the amount spent on purchase of a service or 
product. The emission factors were adjusted for inflation.
•	 Category 3, Fuel & Energy Related Activities: Emissions from fuel- and energy-related activities were 
calculated for emissions from transmission and distribution (T&D) losses from purchased electricity 
and well-to-tank (WTT) emissions from purchased fuels. Scope 1 & 2 Electricity and Fuel data is 
aggregated and multiplied by eGRID loss factors for electricity and Department for Environment, 
Food & Rural Affairs (DEFRA) WTT emission factors for fuels to determine emissions associated with 
WTT and T&D loss when transferring the fuel and electricity to Veris Residential's locations. 
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GRI Content Index
* Required disclosure.
GRI STANDARD
DISCLOSURE
ESG SECTION / COMMENT
PAGE(S)
GENERAL DISCLOSURES
GRI 102: General Disclosures 2016
Organizational Profile
102-1 Name of the organization*
About This Report
99
102-2 Activities, brands, products, and services*
About the Company
6
102-3 Location of headquarters*
About This Report
99
102-4 Location of operations*
About This Report
99
102-5 Ownership and legal form*
About This Report
99
102-6 Markets served*
About the Company
10
102-7 Scale of the organization*
Refer to our 2022 Form 10-K for details
–
102-8 Information on employees and other workers*
Our People
48-49
102-9 Supply chain*
Responsible Supply Chain
86-87
102-10 Significant changes to the organization and its supply chain*
About This Report, Responsible Supply Chain
100, 86-87
102-11 Precautionary Principle or approach*
ESG Governance Framework 
12-13
102-12 External initiatives*
Memberships and Awards
9
102-13 Membership of associations*
Memberships and Awards
9
Strategy
102-14 Statement from senior decision-maker*
Letter from Our CEO
3-4
Ethics & Integrity
102-16 Values, principles, standards, and norms of behavior*
ESG Governance Framework, Ethics & Compliance
12, 83-85
Governance
102-18 Governance structure*
Board of Directors
80
102-20 Executive-level responsibility for economic, environmental, and social topics
Board of Directors
80
102-22 Composition of the highest governance body and its committees
Board of Directors
80
102-23 Chair of the highest governance body
Board of Directors
80
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GRI Content Index
GRI STANDARD
DISCLOSURE
ESG SECTION / COMMENT
PAGE(S)
GENERAL DISCLOSURES
GRI 102: General Disclosures 2016
Stakeholder Engagement
102-40 List of stakeholder groups*
Stakeholder Engagement
81-82
102-41 Collective bargaining agreements*
Supplier Code of Conduct
–
102-42 Identifying and selecting stakeholders*
Stakeholder Engagement
81
102-43 Approach to stakeholder engagement*
Stakeholder Engagement
82
102-44 Key topics and concerns raised*
Ethics & Compliance
83-85
Reporting Practice
102-45 Entities included in the consolidated financial statements*
About This Report
99
102-46 Defining report content and topic boundaries*
ESG Governance Framework
12-14
102-47 List of material topics*
ESG Governance Framework
12-14
102-48 Restatements of information*
About This Report
100
102-49 Changes in reporting*
About This Report
99
102-50 Reporting period*
About This Report
99
102-51 Date of most recent report*
About This Report
99
102-52 Reporting cycle*
About This Report
99
102-53 Contact point for questions regarding the report*
About This Report
100
102-54 Claims of reporting in accordance with the GRI standards*
About This Report
99
102-55 GRI content index*
GRI Content Index
102-105
102-56 External assurance*
About This Report
100
MATERIAL TOPICS
Economic Performance
GRI 103: Management
Approach 2016
103-1 Explanation of the material topic and its boundary*
ESG Governance Framework
12-14
103-2 The management approach and its components*
ESG Governance Framework
12-14
103-3 Evaluation of the management approach*
ESG Governance Framework
12-14
GRI 201: Economic Performance 2016
201-1 Direct economic value generated and distributed
Refer to our 2022 Form 10-K for details
–
201-2 Financial implications and other risks and opportunities due to climate change
TCFD Disclosure
106-108
* Required disclosure.
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GRI Content Index
GRI STANDARD
DISCLOSURE
ESG SECTION / COMMENT
PAGE(S)
MATERIAL TOPICS (CONT).
Anti-Corruption
GRI 103: Management
Approach 2016
103-1 Explanation of the material topic and its boundary
ESG Governance Framework
12-14
103-2 The management approach and its components
ESG Governance Framework, Board of Directors
12-14, 80
103-3 Evaluation of the management approach
ESG Governance Framework, Board of Directors
12-14, 80
GRI 205: Anti-corruption 2016
205-1 Operations assessed for risks related to corruption
Ethics & Compliance
83-84
205-2 Communication and training about anti-corruption policies and procedures
Training, Ethics & Compliance
56-57, 83-84
Energy
GRI 103: Management
Approach 2016
103-1 Explanation of the material topic and its boundary*
ESG Governance Framework
12-14
103-2 The management approach and its components*
ESG Governance Framework
12-14
103-3 Evaluation of the management approach*
ESG Governance Framework
12-14
GRI 302: Energy 2016
302-1 Energy consumption within the organization
Energy
92
302-2 Energy consumption outside the organization
The main sources of energy required outside the organization 
are related to energy consumed at the downstream leased 
assets which are resident controlled. The energy information 
includes electric power and natural gas consumption at all 
our multifamily properties and is approximately 150,000,000 
kBtu. 
–
302-3 Energy intensity
Energy
91
302-4 Reduction of energy consumption
Energy
92
Emissions
GRI 103: Management
Approach 2016
103-1 Explanation of the material topic and its boundary*
ESG Governance Framework
12-14
103-2 The management approach and its components*
ESG Governance Framework
12-14
103-3 Evaluation of the management approach*
ESG Governance Framework
12-14
GRI 305: Emissions 2016
305-5 Reduction of GHG Emissions
ESG Data Tables - Environmental
93
* Required disclosure.
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GRI Content Index
GRI STANDARD
DISCLOSURE
ESG SECTION / COMMENT
PAGE(S)
MATERIAL TOPICS (CONT).
Diversity & Equal Opportunity
GRI 103: Management
Approach 2016
103-1 Explanation of the material topic and its boundary*
ESG Governance Framework
12-14
103-2 The management approach and its components*
ESG Governance Framework, Our People, Diversity, Equity & 
Inclusion
12-14, 48-49, 50-53
103-3 Evaluation of the management approach*
ESG Governance Framework, Our People, Diversity, Equity & 
Inclusion, ESG Data Tables - Social
12-14, 48-49, 50-53, 96-97
GRI 405: Diversity and Equal Opportunity 2016
405-1 Diversity of governance bodies and employees*
Our People, Board of Directors, ESG Data Tables - Social
48-49, 80, 96-97
Environmental Compliance
GRI 103: Management
Approach 2016
103-1 Explanation of the material topic and its boundary*
ESG Governance Framework
12-14
103-2 The management approach and its components*
ESG Governance Framework, The Environment
12-14, 19
103-3 Evaluation of the management approach*
ESG Governance Framework, The Environment
12-14, 19
GRI 307: Environmental Compliance
307-1 Non-compliance with environmental laws and regulations
During the calendar year 2022, the Company had 0 non-
compliance events with environmental laws and regulations.
Based on our assessment, no (0%) of suppliers have been 
found non-compliant with our environmental criteria.
–
* Required disclosure.
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TCFD Disclosure
Veris Residential is aligned with the Task Force on Climate-related Financial Disclosures (TCFD) initiative to 
provide consistent, reliable, comparable, and efficient disclosures on climate-related matters. The following 
table summarizes our progress on disclosures recommended by TCFD.
 
GOVERNANCE 
 
TCFD 1-a and TCFD 1-b Board’s and Management oversight of climate-related risks and opportunities
In 2020, Veris Residential’s Board of Directors formed an ESG Committee with direct oversight over 
environmental and other matters. In May 2023, the Board combined the Nominating and Corporate 
Governance Committee with the Environmental, Social and Governance Committee to form the NESG 
Committee, which meets regularly and all material ESG-related policies, targets, and key initiatives 
Veris Residential’s ESG Task Force, responsible for identifying, assessing, and evaluating climate-related risks 
and opportunities, reports directly to the Company’s CEO and includes members of Senior Management. The 
ESG Task Force oversees efforts to incorporate sustainability into the Company’s business practices and the 
setting of environmental sustainability objectives and strategy. In addition, the ESG Task Force reports to the 
Board and its committees on the Company’s progress and oversees the development of Veris Residential’s 
corporate sustainability disclosures. Since 2021, the Company has had a standalone Sustainability & ESG team 
working closely with other departments, the ESG Task Force, and the NESG Committee.
STR ATEGY 
 
TCFD 2-a Climate related risks and opportunities
We consider climate-related risks and opportunities over three time horizons: 
•	 Short (1-5 years)
•	 Medium (5-10 years)
•	 Long-term (10+ years)
Our risk review process has highlighted the need for a greater focus on transitional risk connected 
with legislative change, both at the federal and local level in the short-term. We are also cognizant 
of the changing needs and preferences of our residents, who require more sustainable living 
options, impacting how we operate, communicate and collaborate with our suppliers. In the longer-
term, we expect the transitional risks to be amplified by the greater impact of physical risks, both 
within our supply chain and also directly in our markets. (Please refer to Pages 21-22 for further 
details on risk and opportunities across our material topics).
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PHYSICAL RISKS
The risk scores consider projected climate impacts for 2030, 2050 and 2100 based on three scenarios 
(Representative Concentration Pathway (“RCP”) 2.6, 4.5 and 8.5:
•	 RCP 8.5: Most severe scenario leading to a warming at the end of the 21st century of probably more than 
4°C relative to the pre-industrial period (1850–1900).
•	 RCP 4.5: Intermediate scenario leading to a warming at the end of the 21st century of more than 2°C relative 
to the pre-industrial period.
•	 RCP 2.6: Moderate scenario leading to a warming at the end of the 21st century of probably less than 2°C 
relative to the pre-industrial period.
TCFD Disclosure, cont’d
TCFD 2-b Impact of climate-related risks and opportunities on the organization’s 
businesses, strategy and financial planning
Our ESG Strategy is set out in this report and our other public disclosures. Our approach to climate 
risk is integrated across our business including development, refurbishments, acquisitions and 
remuneration arrangements (please refer to public disclosures in our Proxy statement for details).
Financial Impact: We periodically review the cost of improving the resiliency of our portfolio both 
in terms of operating and capital expenses. While we consider return on investment and payback 
periods as a primary driver of many capital expenditure decisions, we also consider impact on our 
carbon footprint, resident preferences and climate resilience in our decision making process (direct 
and indirect impacts). 
Operations: We have developed Embrace by Veris Residential, an all encompassing program 
allowing our stakeholders to be part of our ESG strategy.
We manage climate resilience through our emergency response program, applicable to 100% of 
our stabilized assets, through which each property team must implement plans and procedures 
detailing how to prepare for and respond to crises such as fires, hurricanes, wildfires, tornadoes, 
and floods. Each plan is designed to protect our residents, employees, and properties. We also 
evaluate resilience-related risks for all new acquisitions and development deals. For all acquisitions 
and development projects, we employ a rigorous due-diligence process, which includes a review 
of environmental impact assessment and other business continuity risks. Through this screening 
process, we weigh several sustainability characteristics that contribute to long-term value 
and resilience.
We conduct energy audits and identify potential opportunities to increase efficiency in 
building systems. This includes considering LEED® status, on-site clean and renewable energy, 
energy intensity, benchmarking our energy use, and scanning for lighting retrofits and central 
system controls. We also consider physical risks such as the potential for flooding, wildfires, 
and environmental hazards and conduct a Phase I Environmental Site Assessment on all 
new acquisitions.
Tropical 
Cyclone
River 
Flood
Sea Level 
Rise
Fire 
Drought 
Stress
Heat  
Stress
Precipitation 
Stress
None or Very Low
—
89%
n/a
—
n/a
—
—
Low Exposure
87%
—
n/a
100%
n/a
—
—
Medium Exposure
13%
6%
n/a
—
n/a
100%
90%
High Exposure
—
—
n/a
—
n/a
—
10%
Very High
—
5%
n/a
—
n/a
—
—
PORTFOLIO WIDE PHYSICAL CLIMATE RISK ASSESSMENT (MEDIUM-TERM)
2030 projection based on RCP 4.5: Intermediate scenario leading to a warming at the end of the 21st 
century of more than 2ºC (3.6ºF) relative to the preindustrial period (1850-1900).
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TCFD 2-c Resilience of organization’s strategy considering different climate-related 
scenarios
We are focused on building resilience considerations into our business and are continuously 
evaluating risks and opportunities.
•	 We consider the RCP 4.5 scenario most appropriate to evaluate medium-term risks (prior to 
2030) and are working with our on-site teams to mitigate any very high risk items identified in 5% 
of the portfolio through onsite measures as appropriate. 
•	 We are committed to transparently monitoring and reporting our climate risk over the long-term, 
as a component of our overall risk management strategy and good governance responsibilities.
Please refer to the this report for further details on how climate impacts our business and steps we 
have taken to mitigate some of these risks to date.
TCFD 3a-c Risk Management 
Climate-related risks identified by the Company’s ESG Task Force in 2021 are presented in this 
report. The Company intends to review and assess these risks periodically, including during 
a Materiality Assessment review conducted on an bi-annual basis and periodic physical risk 
assessments carried out across the portfolio. Management focuses on mitigating high/very high 
risks identified within the physical risk assessment through on-site measures (i.e. flood gates) 
and insurance.
Climate-related risks are periodically assessed by the ESG Task Force, which reports directly to the 
Company CEO and presents key findings to the NESG Committee of the Board.
TCFD Disclosure, cont’d
METRICS AND TARGETS 
 
TCFD 4-a Metrics used to assess climate-related risks and opportunities in line with strategy and risk 
management process
TCFD 4-b Disclosure of Scope 1, 2 and where appropriate Scope 3 related risks 
Detailed reporting in of our sustainability performance including energy consumption, Scope 1, 2, and 
relevant Scope 3 metrics (including emissions associated with waste management) is included in ESG Data 
Tables. As per our ESG report, we have significantly enhanced our Scope 3 disclosure in 2022. Please refer to 
Greenhouse Gas Emissions for further details. 
 
 
TCFD 4-c Targets used by the organization to manage climate-related risks and opportunities and 
performance against targets
•	 Our key climate-related targets are: 
•	 Reduce Scope 1 and 2 emission by 50% by 2030 (compared to 2019)—met in 2022
•	 Reduce energy consumption by 20% by 2030­—met in 2022
•	 Procure 100% of electricity under control from renewable sources 
•	 Increase share of monitored and disclosed Scope 3 emissions, in particular resident consumption
Please refer to this report for more details on measures taken to achieve these targets.
	
2022
Green Certified multifamily properties (based on sq ft)	
58%
Electricity under control purchased from renewable sources	
100%
EV chargers available at 100% of multifamily properties by 2030	
65%
Estimated annual savings from energy efficiency measures implemented during the year	
380,000 KWh
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Biodiversity 
The variety of life forms found on Earth, including the diversity of species, 
ecosystems, and genetic variation. It encompasses the richness and 
variability of living organisms and their interactions within ecosystems. 
Protecting and preserving biodiversity is essential for the health and 
sustainability of our planet.  
 
Bloomberg Gender-Equality Index (GEI) 
 A financial index that provides a benchmark for companies committed to 
gender equality and inclusion. It evaluates companies based on various 
gender-related criteria, such as workforce composition, leadership 
representation, equal pay policies, and initiatives promoting gender 
equity. The index helps investors and stakeholders identify companies 
that prioritize gender equality and provides transparency on gender-
related performance and progress. The Bloomberg GEI encourages 
companies to improve their gender equality practices and fosters a more 
inclusive and diverse corporate environment. 
 
Carbon Offsets 
Credits or investments made to compensate for greenhouse gas 
(GHG) emissions by supporting projects that reduce or remove carbon 
dioxide from the atmosphere. These projects can include renewable 
energy initiatives, reforestation efforts, or energy efficiency programs. By 
purchasing offsets, organizations or individuals can effectively “offset” 
their own emissions by supporting activities that result in an equivalent 
reduction in carbon dioxide or other GHG emissions elsewhere. Carbon 
offsets are often used as a tool to achieve carbon neutrality or mitigate 
the environmental impact of activities that cannot be immediately 
eliminated or reduced. 
Circular Economy 
An economic model that aims to minimize waste, resource consumption, 
and environmental impact. It promotes the concept of a closed-loop 
system, where products, materials, and resources are kept in circulation 
for as long as possible through reuse, recycling, and regeneration. In a 
Glossary
circular economy, the focus shifts from the traditional linear “take-make-
dispose” approach to one that emphasizes product design for longevity, 
efficient resource utilization, and the development of sustainable 
business models. The circular economy strives to create a more 
sustainable and resilient system that maximizes the value of resources 
while minimizing environmental degradation. 
 
Climate Resilience 
The capacity of individuals, communities, and systems to withstand and 
adapt to the impacts of climate change. It involves building resilience 
to climate-related hazards and disruptions, such as extreme weather 
events, sea-level rise, and temperature changes. Climate resilience 
encompasses strategies and measures that enhance preparedness, 
response, and recovery to minimize damages, protect livelihoods, and 
ensure the long-term sustainability of ecosystems and socio-economic 
systems. By increasing climate resilience, organizations can better cope 
with climate risks and maintain operational stability and well-being in a 
changing climate.  
 
Equity Gender Pay Gap Ratio 
 The pay ratio across the company, weighted across the averages of each 
individual pay ratio for each job-location combination. The weighted 
average excludes the job-locations in which the unflavored gender 
happens to be the higher paid category. 
 
EV100 
An initiative launched by The Climate Group that aims to accelerate 
the transition to electric vehicles (EVs) worldwide. EV100 brings 
together companies committed to electrifying their vehicle fleets and 
installing charging infrastructure by 2030. By pledging to go electric, 
these companies are driving the adoption of EVs and contributing to 
reducing greenhouse gas emissions and air pollution associated with 
transportation. EV100 plays a crucial role in promoting sustainable 
mobility and advancing the global transition towards a cleaner and more 
sustainable transportation system.
Global Reporting Initiative (GRI) Standards 
A globally-recognized set of guidelines for sustainability reporting. 
They provide organizations with a framework to measure and disclose 
their ESG performance, promoting transparency and accountability. GRI 
standards use a multi-stakeholder approach, incorporating input from 
diverse sectors to create a comprehensive and inclusive framework for 
reporting on sustainability impacts and practices.
International WELL Building Institute (IWBI) 
The leading authority in transforming health and well-being in buildings, 
organizations, and communities. IWBI’s mission is to lead the global 
movement for putting people first in organizational decision-making 
and culture. IWBI sets the global standard for health through the WELL 
Standard, a library of holistic, evidence-based strategies that, when 
implemented, can improve the health and well-being.
ISO 14001 
A globally recognized standard for environmental management systems. 
It provides a framework that organizations can follow to establish, 
implement, and continually improve their environmental performance. 
ISO 14001 focuses on identifying and controlling an organization’s 
environmental impacts, promoting sustainability, and complying with 
applicable environmental regulations and requirements. 
 
Living Wage 
A living wage is the remuneration received for a standard workweek 
by a worker in a particular place sufficient to afford a decent standard 
of living for the worker and their family. Elements of a decent 
standard of living include food, water, housing, education, healthcare, 
transportation, clothing, and other essential needs including provision for 
unexpected events. 
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Glossary, cont'd
Materiality Assessment 
A process used by organizations to identify and prioritize issues that 
are most relevant and significant to a business and its stakeholders. It 
involves evaluating the potential impacts of economic, environmental, 
and social factors on the organization’s operations, reputation, and 
long-term viability. By determining material issues, organizations can 
focus their resources on addressing the most important aspects of their 
sustainability performance and disclosure. Materiality assessments help 
ensure that reporting and decision-making processes are transparent, 
relevant, and aligned with stakeholder expectations. 
 
Physical Risk 
The potential adverse impacts on assets and systems due to climate-
related events and changes. These risks arise from extreme weather 
events such as hurricanes, floods, droughts, heatwaves, and rising 
sea levels. Physical risks can result in direct damages to infrastructure, 
property, and ecosystems, leading to financial losses, disruptions to 
supply chains, and human displacement. Understanding and assessing 
physical risks is crucial for businesses, governments, and communities to 
enhance resilience and adapt to changing climate conditions. 
 
Raw Gender Pay Gap Ratio 
The average total compensation of Female employees/total 
compensation of male employees. 
 
Renewable Energy Certificates (RECs) 
Also known as Green Energy Certificates or Tradeable Renewable 
Certificates, RECs are tradable instruments that represent the 
environmental attributes of renewable energy generation. They are used 
to track and verify the production and consumption of renewable energy. 
Each REC represents the generation of one megawatt-hour (MWh) of 
electricity from a renewable energy source and can be purchased by 
organizations or individuals to offset their carbon footprint or meet 
sustainability goals. RECs play a vital role in supporting renewable energy 
projects and encouraging the transition to clean, renewable sources 
of electricity.  
Science Based Targets initiative (SBTi) 
A collaboration of the CDP, the United Nations Global Compact, World 
Resource Institute (WRI), and World Wide Fund for Nature (WWF). 
The SBTi defines and promotes best practices in science-based target 
setting, and independently assesses and approves companies’ targets. 
Targets are considered ‘science-based’ if they are in line with what the 
latest climate science deems necessary to meet the goals of the Paris 
Agreement – limiting global warming to well-below 2°C above pre-
industrial levels and pursuing efforts to limit warming to 1.5°C. 
 
Scope 1 Emissions 
Direct greenhouse gas (GHG) emissions from sources that are owned or 
controlled by an organization. These emissions are a result of activities 
within the organization’s operational boundaries. Scope 1 emissions 
typically include emissions from sources such as on-site combustion 
of fossil fuels, emissions from company-owned vehicles, and industrial 
processes that release GHGs.  
 
Scope 2 Emissions 
Indirect greenhouse gas (GHG) emissions associated with the generation 
of purchased electricity or heating fuel consumed by an organization. 
These emissions are produced by the generation of energy off-site and 
are not within the direct control or ownership of the organization. Scope 
2 emissions are commonly reported and accounted for to understand the 
environmental impact of energy consumption and to encourage the use 
of renewable energy sources. 
 
Scope 3 Emissions 
All indirect greenhouse gas (GHG) emissions that occur within the value 
chain of an organization. These emissions are beyond the organization’s 
operational boundaries and occur as a result of activities such as 
purchased goods and services, resident energy usage, and employee 
commuting. Scope 3 emissions are often the largest and most complex 
category to assess and address, requiring collaboration with suppliers 
and other stakeholders to reduce emissions throughout the entire 
value chain.  
Task Force on Climate Related Financial Disclosures (TCFD) 
Established by the Financial Stability Board (FSB), an international 
body that monitors and makes recommendations about the global 
financial system, the purpose of the TCFD is to develop consistent 
and comparable guidelines for companies to disclose climate-related 
financial information. The TCFD framework helps organizations identify, 
assess, and disclose climate-related risks and opportunities, allowing 
investors, lenders, and other stakeholders to make informed decisions. 
The TCFD’s recommendations are widely adopted and aim to improve 
the transparency and resilience of financial markets in the face of 
climate change. 
 
Transition Risk 
The potential financial and operational risks that arise from the transition 
to a low-carbon and sustainable economy. These risks stem from policy 
and regulatory changes, technological advancements, shifts in market 
preferences, and evolving social attitudes towards climate change. 
Transition risks can include stranded assets, reduced demand for carbon-
intensive products or services, increased costs of carbon-intensive 
operations, and reputational damage. Assessing and managing transition 
risks is essential for organizations to navigate the shift towards a more 
sustainable future and seize opportunities for innovation and growth 
 
United Nations Sustainable Development Goals (SDGs) 
A set of 17 goals adopted by all UN member states in 2015. They provide 
a blueprint for achieving a more sustainable and equitable world by 
2030. The SDGs address a range of interconnected issues, including 
poverty, inequality, climate change, and environmental degradation. 
These goals aim to mobilize collective action and guide policies and 
practices at the global, national, and local levels to promote sustainable 
development and improve the well-being of people and the planet.
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ESG REPORT 2022
111
Forward-Looking Statements
We consider portions of this report to be forward-looking statements within the 
meaning of Section 21E of the Securities Exchange Act of 1934, as amended. 
We intend such forward-looking statements to be covered by the safe harbor 
provisions for forward-looking statements contained in Section 21E of such act. 
Such forward-looking statements relate to, without limitation, our activities and 
expectations relating to our corporate sustainability efforts. Forward-looking 
statements can be identified by the use of words such as “may,” “will,” “plan,” 
“potential,” “projected,” “should,” “expect,” “anticipate,” “estimate,” “target,” 
“continue,” or comparable terminology. Forward- looking statements are 
inherently subject to certain risks, trends, and uncertainties, many of which we 
cannot predict with accuracy and some of which we might not even anticipate. 
Although we believe that the expectations reflected in such forward-looking 
statements are based upon reasonable assumptions at the time made, we can 
give no assurance that such expectations will be achieved. Future events and 
actual results, financial and otherwise, may differ materially from the results 
discussed in the forward-looking statements. Readers are cautioned not to 
place undue reliance on these forward-looking statements and are advised 
to consider the factors listed above together with the additional factors 
under the heading “Disclosure Regarding Forward-Looking Statements” 
and “Risk Factors” in the Company’s Annual Report on Form 10-K, as may be 
supplemented or amended by the Company’s Quarterly Reports on Form 10-Q.
The Company assumes no obligation to update or supplement forward-
looking statements that become untrue because of subsequent events, new 
information or otherwise, except as required under applicable law. Our filings 
with the SEC are available through the SEC website at www.sec.gov or through 
our investor relations website at verisresidential.com.
We use our investor relations website to disclose information about us 
that may be deemed to be material. We encourage investors, the media, 
and others interested in us to visit our investor relations website from time 
to time to review up-to-date information or sign-up for email alerts to be 
notified when new or updated information is posted on the site.
The James, Park Ridge, NJ
THE ENVIRONMENT
ABOUT THE COMPANY
E THICS, COMPLIANCE & GOVERNANCE
ABOUT THIS REPORT
PEOPLE, CULTURE & COMMUNIT Y
ESG DATA TABLES

Veris Residential      210 Hudson Street, Suite 400      Jersey City, NJ 07311       www.verisresidential.com