Veris Residential, Inc.
Industry Group: Real Estate
Country/Region: United States of America
Identifier: NYS:VRE
Veris Residential Inc is a fully-integrated, self-administered and self-managed real estate investment trust (REIT). The company owns and operates a real estate portfolio comprised predominantly of multifamily rental properties located mainly in the Northeast and Class A office properties. The company performs substantially all real estate management, leasing, acquisition and development on an in-house basis. The properties are in three states in the Northeast, plus the District of Columbia. The company operates in two industry segments multifamily real estate & services and commercial & other real estate. The majority of revenue is from Multifamily real estate services.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Real Estate 261 out of 1010
Universe
Global Universe 1180 out of 15120
What are the ESG Risk Ratings?
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Industry Comparison
Company | ESG Risk Rating | Industry Rank |
---|---|---|
Sunway Real Estate Investment Trust |
8.3
Negligible
|
41 out of 1010 |
BWP Trust |
13.3
Low
|
244 out of 1010 |
Veris Residential, Inc. |
13.7
Low
|
261 out of 1010 |
RLJ Lodging Trust |
16.9
Low
|
479 out of 1010 |
American Assets Trust, Inc. |
18.7
Low
|
604 out of 1010 |
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Sustainalytics' Peer Performance Insights gives an in-depth analysis of your company's ESG strengths and weaknesses compared to your competitors and industry performance. These insights can be used to identify areas of ESG improvement to help inform future management decisions that align with your organization's sustainability goals.
Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Veris Residential, Inc.'s Exposure is Low
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
Veris Residential, Inc.'s Management of ESG Material Risk is Strong