Veris Residential

Veris Residential, a US-based real estate services company, is committed to reducing its carbon footprint. In 2024, the company reported total Scope 1 emissions of 5,397,000 kg CO2e, Scope 2 emissions (market-based) of 916,000 kg CO2e, and Scope 3 emissions totalling 23,456,000 kg CO2e. These Scope 3 emissions include categories such as downstream leased assets (8,898,000 kg CO2e), purchased goods and services (5,517,000 kg CO2e), and capital goods (4,467,000 kg CO2e).

Looking back, in 2023, Veris Residential's Scope 1 emissions were 4,816,000 kg CO2e, with Scope 2 market-based emissions at 4,051,000 kg CO2e, and total Scope 3 emissions at 25,929,000 kg CO2e. In 2022, the company's Scope 1 emissions were 4,348,000 kg CO2e, Scope 2 market-based emissions were 4,339,000 kg CO2e, and Scope 3 emissions amounted to 33,627,000 kg CO2e.

Veris Residential has established a near-term Science Based Target initiative (SBTi) target, committing to reduce Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using 2020 as a base year. This target is consistent with keeping global warming to 1.5°C. The company also commits to measuring and reducing its Scope 3 emissions. Additionally, Veris Residential has set an internal target to reduce Scope 1 and 2 emissions by 50% by 2030, compared to a 2019 baseline, which has been validated by Science Based Targets.