VERIS RESIDENTIAL AVANCE COMMITMENT TO ENVIRONMENTAL, SOCIAL AND GOVERNANCE RESPONSIBILITY

Achieves top ISS ESG QualityScore for Environmental and Social Disclosures

~40% of the 100% owned multi-family portfolio is certified green (LEED® or equivalent)

JERSEY CITY, NJ, July 28, 2022 /PRNewswire/ — Veris Residential, Inc. (NYSE: VRE), a forward-thinking, environmentally and socially conscious REIT that owns, operates, acquires and develops primarily Class A multifamily properties, announced today Today it has further advanced its mission to be a responsible, sustainable, inclusive and equitable member of the built environment while continuing to generate long-term shareholder value.

Following the company’s increased environmental, social and governance (ESG) efforts, including the introduction of new, more sustainability-focused policies at the corporate and property level, and enriched information on the environment and sustainability, to June 6, 2022Veris Residential has earned a QualityScore of “1” for environmental and social disclosures, down from 9 and 8, respectively, since October 2020, from Institutional Shareholder Services (ISS). The ISS QualityScore measures the depth and breadth of a company’s ESG disclosures against its industry peer group and is designed to help investors monitor ESG risks in their portfolio companies. Scores are provided on a scale of 1 to 10, with 10 being the highest risk rating.

Mahbod NiaCEO of Veris Residential, said, “I am extremely proud that Veris Residential has been awarded the industry’s highest ISS ESG QualityScore among our peer group by an independent third party with a data-driven scoring approach to measuring environmental disclosures and corporate social. These scores are testament to the hard work our team has put in to embed ESG considerations into the fabric of our business. We recognize there is still much to do and we are excited to continue our journey towards a more sustainable future that positively impacts our properties, our people and our planet while creating value for our shareholders.”

Veris Residential also announced today that sustainability lease riders have been signed for more than 20% of its residential portfolio, and nearly 40% of its 100% owned multi-family portfolio is now certified green (LEED® or equivalent), compared to 33% previously. just two months ago, thanks to the company’s 313-unit property, RiverHouse 9 in Port Imperial, which achieved LEED® Silver certification. Veris Residential has undertaken the following improvements to the property to meet certification criteria, including:

  • optimized energy performance in common areas and individual metering in apartments
  • installed LED lighting in common areas and Energy Star appliances in apartments
  • ensured that over 50% of the roof of the property is vegetated to enable mitigation of heat island effects and support stormwater management best practices
  • used sustainably sourced raw materials for new builds
  • improved indoor air quality measures to protect the health of residents and employees, including the use of ionization technology in clean air devices installed in elevator cabins to reduce contaminants by airborne
  • installed electric vehicle charging stations and ample bicycle storage to encourage residents to use alternative transportation and reduce greenhouse gas emissions.

In addition to RiverHouse 9, other Veris residential properties that recently achieved green certification, including The Capstone, which received LEED® Silver certification in January 2022and Portside I and Portside 2, which achieved Energy Star scores of 95 and 98, respectively, in April 2022.

Karen CusmanoSenior Vice President, Head of Sustainability and ESG at Veris Residential, said, “I am delighted that Veris Residential’s tireless efforts to reduce our carbon footprint have been independently recognized by ISS, LEED® and Energy Star. Measuring and Seeking to Mitigate Impact The impact of our buildings and operations on the environment is critical to the future of our business and our planet, which is why we are committed to continuing to increase the number of green-certified buildings in our portfolio. »

Veris Residential’s 2021 Social and Environmental Governance Report, which outlines the company’s plans to achieve its ESG goals, and more information about its commitment to positive impact, is available online here.

About Veris Residential, Inc.
Veris Residential, Inc. is a forward-thinking, environmentally and socially conscious real estate investment trust (REIT) that owns, operates, acquires and develops primarily holistically inspired Class A multifamily properties that meet the needs of a sustainable lifestyle. residents of today while seeking to have a positive impact on the communities it serves and the planet as a whole. The company is guided by an experienced management team and board of directors and is underpinned by leading principles of corporate governance, a sustainable and best-in-class approach to operations, and an inclusive culture based on equality. and meritocratic empowerment. For more information about Veris Residential, Inc. and our properties available for rent, please visit verisresidential.com.

Media contact
Amanda Shpinner/Grace Cartwright
Gasthalter & Cie.
212-257-4170
[email protected]

SOURCE Veris Residential, Inc.

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