Veris Residential Inc

Lobbying Transparency and Governance

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Direct Lobbying Transparency
Overall Assessment Comment Score
Limited Veris Residential provides a basic level of insight into its climate-policy lobbying. It identifies one concrete engagement – participation by its Chief Operating Officer on the New Jersey Governor’s Clean Buildings Working Group – and names the government bodies involved, including the state Department of Environmental Protection, Department of Community Affairs, Economic Development Authority and Department of the Treasury. This single example reveals both the mechanism used (membership of a governmental working group) and the policymaking targets. The company also outlines the broad results it supports, namely pathways to “greener, cleaner buildings” through energy-efficiency improvements and emissions-reduction upgrades that contribute to New Jersey’s goal of a 100 % clean-energy economy and an 80 % cut in emissions from 2006 levels by 2050. However, it does not list any other specific climate policies, describe additional lobbying channels beyond this working group, or set out detailed legislative changes or quantified targets it seeks. Consequently, while the disclosure shows that some climate-related engagement occurs and clarifies its general objectives, the overall transparency remains limited. 1
Lobbying Governance
Overall Assessment Comment Score
Strong Veris Residential Inc. has made a "public commitment ... to conduct your engagement activities in line with the goals of the Paris Agreement," and explains that "we have a dedicated ESG team in place that ensures all of our direct and indirect activities that influence policy are consistent with our overall climate change strategy," reflecting a governance process that addresses both direct and indirect lobbying. The company further notes that its procedures are "governed by our corporate governance policies and principles, such as the Code of Business," suggesting that its climate-lobbying approach is embedded within its corporate governance framework. However, the company does not disclose more detailed monitoring or review procedures such as periodic audits or board sign-off on lobbying positions, nor does it identify a named individual responsible for oversight beyond the ESG team. 3