V E R I S R E S I D E N T I A L G E N D E R E Q UA L I T Y- R E L AT E D K E Y P E R F O R M A N C E I N D I C ATO R S F O R T H E Y E A R E N D E D D E C E M B E R 31, 2022
F O R B LO O M B E R G G E N D E R E Q UA L I T Y I N D E X (G E I) 2024
At Veris Residential, Inc. ("Veris Residential", "Company", "We") we believe that diversity is a source of innovation, increases productivity, and is a foundation of a socially and economically aware company. The Company promotes diversity and is an equal opportunity employer and business partner. This allows us to develop management that respects differences
and is grounded in trust, improving team cohesion and business performance.
This document supplements Veris Residential's 2022 Environmental, Social and Governance reportfor the year ended December 31, 2022 which
can be found in the Sustainability section of Veris Residential's website. The information disclosed in this document covers 100% of the Company's Gender Equality-related key performance indicators for the year ended December 31, 2022, solely
for the purpose of the Bloomberg GEI 2024.
L E A D E R S H I P
KPI
Disclosure
Percentage of women on company | 33.33%. Three out of nine directors on the Board are woman; they are Stephanie |
board | Williams, Nori Gerardo Lietz & Tammy Jones |
Chairperson is a woman | Yes, Tammy Jones |
Gender balance in board leadership | One out of the Company's five board committees is chaired by a woman. Nori |
Gerardo Lietz chairs the Nominating and Corporate Governance Committee | |
Chief executive officer (CEO) is a | No. |
woman | |
Woman Chief financial officer (CFO) | Yes, Amanda Lombard |
or equivalent | |
Percentage of women executive | 60%. Three out of five members of Executive officers are women. Anna Malhari, |
officers | Amanda Lombard, Taryn Felder |
Chief diversity officer (CDO)
No, the Company does not have a Chief diversity officer (CDO)
TALENT PIPELINE
KPI
Disclosure
Percentage of women in total | 50% of the Company's total management (76) are women (38) |
management | |
Percentage of women in senior | 45% of the Company's total senior management (28) are women (13) |
management | |
Percentage of women in middle | 52% of the Company's total middle management (48) are women (25) |
management | |
Percentage of women in non- | 41% of the Company's total non-managerial positions (135) are women (56) |
managerial positions | |
Percentage of women in total | 44% of the Company's total workforce (212) are women (93) |
workforce | |
Harborside 3 | 210 Hudson St, Suite 400 Jersey City, NJ 07311 | 732.590.1010 | VerisResidential.com
TALENT PIPELINE CONT 'D
KPI
Disclosure
Percentage of women total | 41% of the Company's total promotions (41) are women (17) |
promotions | |
Percentage of women in IT/ | 7.4% of the Company's total IT/Engineering workforce (54) are women (4) |
Engineering | |
Percentage of new hires are women | 52% of the Company's new hires (58) are women (30) |
Percentage of women attrition | 24% of the Company's total attrition (94) are women (23) |
Time-bound action plan with targets | |
to increase the representation of | Yes, the Company had set and reached the target of 50% ahead of 2030 |
women in leadership positions | |
PAY
KPI
Disclosure
Adjusted mean gender pay gap | 98% |
Global mean (average) raw gender | 96% |
pay gap | |
INCLUSIVE CULTURE
KPI
Disclosure
Number of weeks of fully paid | 12 weeks of paid primary parental leave is provided by the Company and is |
primary parental leave offered | subsidized by the Company to make the employee whole |
Number of weeks of fully paid | 12 weeks of paid primary parental leave is provided by the Company and is |
secondary parental leave offered | subsidized by the Company to make the employee whole |
75% of women employees remained employed by the company 12 months after | |
Parental leave retention rate | their return from parental leave out of all women employees that used parental |
leave during 2022 | |
Back-up family care services or | Yes, the Company's Flexible Working Policy assists employees when there is a gap |
subsidies through the company | in their regular family care. Please refer to the flexible working policy below |
Yes, the Company recognizes the importance of flexibility. In 2021, we instituted | |
a hybrid working policy, allowing our corporate employees to work from home or | |
other locations two days per week or more if arranged with their direct manager, | |
allowing for more flexible working hours that reflect specific employee needs | |
("Flex Time"). To maintain successful remote work, we equip our employees with | |
the relevant tools and 24-hour remote access to the company's infrastructure and | |
Flexible working policy | IT support. As part of our commitment to a flexible working arrangement, every |
employee has time off allocated for religious, cultural, or civic holidays not already | |
observed by the company. We also recognize the importance of balancing life | |
and personal commitment. The Flexible Work Arrangement Policy includes: | |
• Flexible start and end times; flexible lunch hours | |
• Telecommuting/work from home arrangement | |
Harborside 3 | 210 Hudson St, Suite 400 Jersey City, NJ 07311 | 732.590.1010 | VerisResidential.com
INCLUSIVE CULTURE CONT 'D
KPI
Disclosure
Yes, in 2022, Veris Residential introduced the Diversity Network, our employee | |
resource group for historically underrepresented individuals, as a companion | |
group to the Company's Women's Network, all under the umbrella of the DE&I | |
Employee resource groups for | Council. Employees can join either or both networks as members, and they can |
join the Diversity Network as an ally if they don't qualify for membership. The | |
women | |
DE&I Council hosts events for members and allies throughout the year to educate, | |
support, and uplift one another. To further support the leadership skills of our | |
mid-level female employees, we have engaged with Kahilla to provide them with a | |
digital learning platform that helps retain, engage, and advance female talent | |
Yes, the journey toward a more inclusive and diverse business starts with the | |
individual. In order to support our employees in this process, we have compiled | |
resources and offer several training programs on unconscious bias and other | |
Unconscious bias training | DE&I matters to all employees, including Senior Management. DE&I training |
provided through Blue Ocean Brain ("BOB") and Yardi Aspire are available to all | |
employees. In 2022, Veris Residential employees completed the equivalent of 2.8 | |
hours per employee in courses related to DE&I | |
Yes, Veris Residential is determined to combat workplace harassment in any form. | |
Harassment in all forms is unacceptable and contrary to the Company's values, | |
culture, and work environment. Toward that end, Veris Residential maintains | |
policies and complaint procedures prohibiting sexual harassment, as well as | |
harassment and discrimination based on protected classifications, which also | |
form an integral part of the COBCE. Veris Residential realizes the importance | |
Annual anti-sexual harassment | of ensuring all employees can recognize all forms of harassment, know how |
training | to report it, and are able to find support when they need it. Anti-harassment |
education is an integral part of the training program provided to all employees. | |
Veris Residential prohibits retaliation against any individual who complains of | |
or reports an instance of harassment or participates in an investigation of a | |
harassment complaint. All employees are encouraged to report any breaches | |
of the anti-harassment policies to the General Counsel, to Human Resources | |
Department, or through the third-party hotline | |
Harborside 3 | 210 Hudson St, Suite 400 Jersey City, NJ 07311 | 732.590.1010 | VerisResidential.com
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Veris Residential Inc. published this content on 31 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2023 21:52:47 UTC.