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Veris Residential
Real Estate ServicesUnited StatesNYSE: VRE
Last verified 20 days agoverisresidential.com
Veris Residential, a prominent player in the real estate services industry, is headquartered in the United States and operates primarily in key urban markets across the country. Founded in 2013, the company has established itself as a leader in the multifamily residential sector, focusing on the development, management, and acquisition of high-quality apartment communities.
With a commitment to sustainability and innovation, Veris Residential offers unique living experiences that cater to modern lifestyles. The company’s portfolio includes a diverse range of properties, distinguished by their design and community-oriented amenities. Recognised for its strategic growth and operational excellence, Veris Residential continues to enhance its market position, making significant strides in the competitive landscape of real estate services.
39
DitchCarbon score
+10 vs industry average
Veris Residential’s score of 39 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
High
Real Estate Services has above-average carbon intensity
Industry performance
0.221
20182025
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Veris Residential's reported carbon emissions
Veris Residential reported total carbon emissions of approximately 32.9 million kg CO2e in 2024. This included about 5.4 million kg CO2e from Scope 1, approximately 916,000 kg CO2e from Scope 2 (market-based), and around 23.5 million kg CO2e from Scope 3 emissions.
In 2023, the company's total emissions were about 34.8 million kg CO2e, comprising approximately 4.8 million kg CO2e from Scope 1, around 4.1 million kg CO2e from Scope 2 (market-based), and about 25.9 million kg CO2e from Scope 3.
Veris Residential has set a near-term Science Based Target initiative (SBTi) approved target to reduce Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, against a 2020 base year. This target is classified as consistent with a 1.5°C warming scenario. The company also commits to measuring and reducing its Scope 3 emissions. Additionally, Veris Residential aims to reduce Scope 1 and 2 emissions by 50% by 2030, compared to a 2019 baseline.
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Veris Residential’s Climate Goals (2030 & 2050)
2 goals2030
42% reduction in Scope 2
Veris Residential commits to reduce scope 2 GHG emissions 42% by 2030 from a 2020 base year.
On track42%
2030
42% reduction in Scope 1
Veris Residential commits to reduce scope 1 GHG emissions 42% by 2030 from a 2020 base year.
Behind target42%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
See details
Active
Carbon Disclosure Project
2025 disclosureSee details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Veris Residential20 days ago
39
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Frequently asked questions
Common questions about Veris Residential’s sustainability data and climate commitments
Usage policy
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