Earns Leader in the Light and Diversity,
Equity and Inclusion Recognition Awards from Nareit
Named Global Listed and Regional Sector Leader
and Achieves Second Consecutive 5 Star Rating in 2023 GRESB Real
Estate Assessment, Ranking #2 of 115 Publicly Listed Companies in
the Americas
Receives Best Corporate Steward: Small and
Middle-Market Business Award from the
United States Chamber of Commerce Foundation
JERSEY
CITY, N.J., Nov. 16,
2023 /PRNewswire/ -- Veris Residential, Inc. (NYSE:
VRE) ("Veris Residential" or the "Company"), a forward-thinking,
environmentally and socially conscious REIT that primarily owns,
operates, acquires and develops Class A multifamily properties,
today announced that it has been recognized as a leader for its
work in Environmental, Social and Governance (ESG), including
Diversity, Equity and Inclusion (DEI) and corporate stewardship, by
well-recognized real estate and business organizations.
Specifically, Veris Residential:
- was designated as a Leader in the Light and awarded
the Bronze 2023 Diversity Equity & Inclusion Recognition
from the National Association of Real Estate Investment Trusts
(Nareit);
- earned a 5 Star rating for a second consecutive
year for its performance in the 2023 Global Real Estate
Sustainability Benchmark (GRESB), the highest rating offered by
GRESB for distinguished ESG leadership and performance; and
- received the Best Corporate Steward: Small and
Middle-Market Business Award from the United States Chamber of Commerce
Foundation for its continued commitment to providing "shared
value" to its shareholders, residents, employees, local community,
suppliers and the planet.
"We recognize the importance of swift action in addressing
climate change, specifically within the built environment, given
our industry's disproportionate contributions to global carbon
emissions," said Mahbod Nia, Chief
Executive Officer of Veris Residential. "By setting ambitious yet
achievable targets and integrating sustainability considerations
into corporate and property-level decisions, Veris Residential has
made immense progress in becoming a more environmentally and
socially conscious company to the benefit of all Company
stakeholders. We are honored to have our achievements recognized by
Nareit, GRESB and the United
States Chamber of Commerce Foundation."
Nareit's Leader in the Light Awards honor member companies for
demonstrating sustained ESG leadership and superior sustainability
practices, as determined by an interdisciplinary panel of judges,
reflecting the results of the GRESB Annual Survey as well as
supplemental questions. Veris Residential's recognition comes in
the Residential sector following the Company's strategic
transformation into a pure-play multifamily REIT.
In 2023, Veris Residential received a GRESB Score of 92, well
above the 2023 GRESB average survey score of 75 and the Company's
2022 score of 88. Furthermore, the Company was designated as both a
Global Listed and Regional Sector Leader in the Diversified Office
/ Residential category, a recognition highlighting the top
performers in each sector and region.
"Improving our overall GRESB Annual Survey score and receiving
sector-leading recognition is a testament to Veris Residential's
underlying commitment to sustainable operations and DEI. It is
heartening to have our progress recognized as we continue to
leverage our dedicated ESG program, Embrace by Veris Residential,
in support of the well-being of our residents, employees, suppliers
and the communities we serve," said Karen
Cusmano, Senior Vice President, Head of Sustainability and
ESG.
To learn more about Veris Residential's commitment to resilient
ESG programs, please click here for the Company's 2022 ESG
Report.
About Veris Residential, Inc.
Veris Residential, Inc.
is a forward-thinking, environmentally and socially conscious real
estate investment trust (REIT) that primarily owns, operates,
acquires, and develops holistically inspired, Class A multifamily
properties that meet the sustainability-conscious lifestyle needs
of today's residents while seeking to positively impact the
communities it serves and the planet at large. The company is
guided by an experienced management team and Board of Directors and
is underpinned by leading corporate governance principles, a
best-in-class and sustainable approach to operations, and an
inclusive culture based on equality and meritocratic empowerment.
For additional information on Veris Residential, Inc. and our
properties available for lease, please visit
https://verisresidential.com.
Media
Amanda
Shpiner/Grace Cartwright
Gasthalter & Co.
212-257-4170
veris-residential@gasthalter.com
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SOURCE Veris Residential, Inc.