{"id":888515,"date":"2025-09-22T17:11:27","date_gmt":"2025-09-22T21:11:27","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/veris-residential-releases-2024-sustainability-report\/"},"modified":"2025-09-22T17:11:27","modified_gmt":"2025-09-22T21:11:27","slug":"veris-residential-releases-2024-sustainability-report","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/veris-residential-releases-2024-sustainability-report\/","title":{"rendered":"Veris Residential Releases 2024 Sustainability Report"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p class=\"prntac\">\n        <i>Achieves GRESB&#8217;s Highest U.S. Listed Residential Multifamily Score in 2024 and Third-Highest Score Globally<\/i>\n      <\/p>\n<p class=\"prntac\">\n        <i>Increases Share of Green-Certified (LEED or Equivalent) Properties to 79% of Managed Multifamily Portfolio<\/i>\n      <\/p>\n<p class=\"prntac\">\n        <i>Secures Sustainability-Linked Financing with 5-Basis-Point Margin Reduction<\/i>\n      <\/p>\n<p id=\"temp_ReleaseStart\">\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">JERSEY CITY, N.J.<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Sept. 22, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Veris Residential, Inc. (NYSE: VRE) (&#8220;Veris Residential&#8221; or the &#8220;Company&#8221;), a forward-thinking, Northeast-focused, Class A multifamily REIT, released its 2024 Sustainability Report, demonstrating how strategic sustainability investments continue to generate measurable returns while strengthening the Company&#8217;s competitive position in the multifamily market.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1703847\/Veris_Residential_Logo_V1.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1703847\/Veris_Residential_Logo_V1.jpg\" title=\"(PRNewsfoto\/Veris Residential, Inc.)\" alt=\"(PRNewsfoto\/Veris Residential, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p class=\"prntaj\">Following the divestiture of the Company&#8217;s office portfolio, with its final office asset sold in <span class=\"xn-chron\">March 2024<\/span>, this marks the first Sustainability Report reflecting almost exclusively its multifamily portfolio performance.<\/p>\n<p class=\"prntaj\">&#8220;In 2024, our strategic investments in sustainability continued to generate measurable returns, strengthening our competitive position in the multifamily market,&#8221; said <span class=\"xn-person\">Mahbod Nia<\/span>, Chief Executive Officer. &#8220;Having achieved our ambitious 2030 carbon reduction goals eight years ahead of schedule in 2022, we continue to maintain our leadership position with Scope 1 &amp; 2 emissions now 58% below 2019 levels and energy consumption down 13%. These achievements, driven by sustainable technologies and innovative operations, translate directly to lower operating costs, increasing value for our shareholders.&#8221;<\/p>\n<p class=\"prntaj\">\n        <b>Key Highlights from the Report:<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>Designated as a 2024 Global Real Estate Sustainability Benchmark (GRESB) Regional Listed Sector Leader with third-consecutive 5 Star Rating, achieving the highest listed multifamily residential score in <span class=\"xn-location\">the United States<\/span> and third-highest worldwide<\/li>\n<li>Received\u00a0Nareit&#8217;s Mid Cap Diversity Impact Award and several distinctions from the International WELL Building Institute, including the Equity Leadership Award and WELL Concept Leadership Award for Innovation<\/li>\n<li>Earned Green Certifications (LEED or equivalent) across 79% of managed multifamily portfolio<\/li>\n<li>Secured new <span class=\"xn-money\">$500 million<\/span> revolving credit facility and term loan package with Sustainability\u00a0KPI provisions, earning a 5-basis-point margin reduction through successful target achievement<\/li>\n<li>Began implementing an approximately <span class=\"xn-money\">$825,000<\/span> solar project at Portside II, expected to deliver mid-teens\u00a0IRR and a six-year payback period following installation in early 2026<\/li>\n<li>Maintained Great Place to Work\u00ae certification with score rising to 93 out of 100<\/li>\n<li>Sustained Scope 1 &amp; 2 emissions performance at 58% below 2019 levels, with energy consumption down 13% from baseline<\/li>\n<\/ul>\n<p class=\"prntaj\">&#8220;Looking ahead, our pipeline of sustainability projects\u2014from renewable energy installations to water consumption monitoring systems\u2014is carefully evaluated to ensure initiatives advance our sustainability goals while contributing to our financial objectives,&#8221; added <span class=\"xn-person\">Karen Cusmano<\/span>, SVP, Head of Sustainability and ESG.\u00a0&#8220;By demonstrating that sustainable practices drive superior returns, we are setting the standard for the future of multifamily real estate.&#8221;<\/p>\n<p class=\"prntaj\">Veris Residential&#8217;s 2024 Sustainability Report is available on the Company&#8217;s website <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4515663-1&amp;h=4098475964&amp;u=https%3A%2F%2Fverisresidential.com%2Fwp-content%2Fuploads%2FESG-Condensed-Report.pdf&amp;a=here\" target=\"_blank\" rel=\"nofollow\">here<\/a>.<\/p>\n<p>\n        <b>About Veris Residential, Inc.<\/b>\n      <\/p>\n<p class=\"prntaj\">Veris Residential, Inc. is a forward-thinking real estate investment trust (REIT) that primarily owns, operates, acquires and develops premier Class A multifamily properties in the Northeast. Our technology-enabled, vertically integrated operating platform delivers a contemporary living experience aligned with residents&#8217; preferences while positively impacting the communities we serve. We are guided by an experienced management team and Board of Directors, underpinned by leading corporate governance principles; a best-in-class approach to operations; and an inclusive culture based on meritocratic empowerment.<\/p>\n<p class=\"prntaj\">For additional information on Veris Residential, Inc. and our properties available for lease, please visit <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4515663-1&amp;h=2935989719&amp;u=https%3A%2F%2Fverisresidential.com%2F&amp;a=https%3A%2F%2Fverisresidential.com\" target=\"_blank\" rel=\"nofollow\">https:\/\/verisresidential.com<\/a>.<\/p>\n<p>\n        <b>For Veris Residential:<br \/><\/b><br \/>\n        <span class=\"xn-person\">Amanda Shpiner<\/span>\/<span class=\"xn-person\">Grace Cartwright<\/span><br \/>Gasthalter &amp; Co.<br \/>212-257-4170<br \/><a href=\"mailto:veris-residential@gasthalter.com\" target=\"_blank\" rel=\"nofollow\">veris-residential@gasthalter.com<\/a><\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/edge.prnewswire.com\/c\/img\/favicon.png?sn=NY80039&amp;sd=2025-09-22\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/veris-residential-releases-2024-sustainability-report-302563186.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/veris-residential-releases-2024-sustainability-report-302563186.html<\/a><\/p>\n<p>SOURCE  Veris Residential, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY80039&amp;Transmission_Id=202509221615PR_NEWS_USPR_____NY80039&amp;DateId=20250922\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Achieves GRESB&#8217;s Highest U.S. Listed Residential Multifamily Score in 2024 and Third-Highest Score Globally Increases Share of Green-Certified (LEED or Equivalent) Properties to 79% of Managed Multifamily Portfolio Secures Sustainability-Linked Financing with 5-Basis-Point Margin Reduction JERSEY CITY, N.J. , Sept. 22, 2025 \/PRNewswire\/ &#8212; Veris Residential, Inc. (NYSE: VRE) (&#8220;Veris Residential&#8221; or the &#8220;Company&#8221;), a forward-thinking, Northeast-focused, Class A multifamily REIT, released its 2024 Sustainability Report, demonstrating how strategic sustainability investments continue to generate measurable returns while strengthening the Company&#8217;s competitive position in the multifamily market. Following the divestiture of the Company&#8217;s office portfolio, with its final office asset sold in March 2024, this marks the first Sustainability Report reflecting almost exclusively its multifamily portfolio performance. &#8220;In 2024, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/veris-residential-releases-2024-sustainability-report\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Veris Residential Releases 2024 Sustainability Report&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-888515","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Veris Residential Releases 2024 Sustainability Report - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/veris-residential-releases-2024-sustainability-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Veris Residential Releases 2024 Sustainability Report - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Achieves GRESB&#8217;s Highest U.S. Listed Residential Multifamily Score in 2024 and Third-Highest Score Globally Increases Share of Green-Certified (LEED or Equivalent) Properties to 79% of Managed Multifamily Portfolio Secures Sustainability-Linked Financing with 5-Basis-Point Margin Reduction JERSEY CITY, N.J. , Sept. 22, 2025 \/PRNewswire\/ &#8212; Veris Residential, Inc. (NYSE: VRE) (&#8220;Veris Residential&#8221; or the &#8220;Company&#8221;), a forward-thinking, Northeast-focused, Class A multifamily REIT, released its 2024 Sustainability Report, demonstrating how strategic sustainability investments continue to generate measurable returns while strengthening the Company&#8217;s competitive position in the multifamily market. Following the divestiture of the Company&#8217;s office portfolio, with its final office asset sold in March 2024, this marks the first Sustainability Report reflecting almost exclusively its multifamily portfolio performance. &#8220;In 2024, &hellip; Continue reading &quot;Veris Residential Releases 2024 Sustainability Report&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/veris-residential-releases-2024-sustainability-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-22T21:11:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1703847\/Veris_Residential_Logo_V1.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/veris-residential-releases-2024-sustainability-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/veris-residential-releases-2024-sustainability-report\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Veris Residential Releases 2024 Sustainability Report\",\"datePublished\":\"2025-09-22T21:11:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/veris-residential-releases-2024-sustainability-report\\\/\"},\"wordCount\":547,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/veris-residential-releases-2024-sustainability-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1703847\\\/Veris_Residential_Logo_V1.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/veris-residential-releases-2024-sustainability-report\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/veris-residential-releases-2024-sustainability-report\\\/\",\"name\":\"Veris Residential Releases 2024 Sustainability Report - 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(NYSE: VRE) (&#8220;Veris Residential&#8221; or the &#8220;Company&#8221;), a forward-thinking, Northeast-focused, Class A multifamily REIT, released its 2024 Sustainability Report, demonstrating how strategic sustainability investments continue to generate measurable returns while strengthening the Company&#8217;s competitive position in the multifamily market. 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