About This Year’s Report

Our annual Impact Report shares the impact reported by Veris-approved managers from across 2025, compiled with standardized IRIS+ metrics and the Five Dimensions of Impact framework. This year’s theme looks at how values- and mission-aligned investors held firm and kept using their capital and voice.

Inside the Report

• CIO letter: responding to policy pullbacks, responsible AI, bondholder engagement and more
• 2025 impact measurements and highlighted impact stories across themes
• Active ownership: the proxy season, client resolutions, and 3,091 engagements
• Firm impact: Latest B Impact Assessment score, field building efforts, carbon footprint
• Diversity data for Veris and approved managers, plus EDI classifications

Read the Report

Impact at a Glance

Aggregate metrics across 2025.*

99 million

megawatt hours (MWh) of renewable energy generated

507,444

affordable housing units created or preserved

40%

supported private companies and organizations founded or led by women

50%

supported private companies and organizations founded or led by people of color

149 million

acres of land managed sustainably

3,091

engagements by public equity and fixed income managers

From the CIO's Letter

“Despite the uncertainty ahead, I remain optimistic. Urgent times call for investors willing to use the full set of tools available to them: capital, voice, and partnership.”

// Chief Investment Officer Roraj Pradhananga, CIMA

Example Impact Story

Maunakea Tower: Preserving Affordable Homes in Honolulu (Approved Manager CCM)

Challenge

Honolulu’s severe housing shortage threatens to displace low-income residents and elders, as aging properties risk losing their affordability protections.

Solution

Bond proceeds funded electrical, plumbing, safety, and accessibility upgrades at Maunakea Tower, plus long-term renewals of the building’s affordability contracts.

Impact

600+ residents, including 408 kupuna (community elders), remain in their homes, and 379 apartments remain contractually affordable for 61 years.

Other Featured Impact Highlights

Climate Solutions & The Environment

• Quillayute Improved Forest Mgmt Project
  Manager: EFM Investments & Advisory
• Atlas Copco Group
  Manager: Boston Common Asset Management

Community Wealth Building

• Bailyk Finance
  Manager: MicroVest
• Maunakea Tower
  Manager: CCM (Community Capital Management)

Racial & Gender Equity

• SimpliFed
  Manager: Foreground Capital
• Eastern Bankshares
  Impax Asset Management

Sustainable & Regenerative Agriculture

• Solidarity Farm
  Manager: Dirt Capital Partners
• Veralto
  Manager: Adasina Social Capital

Engagement Highlights

• West Pharmaceutical Services
  Manager: Generation Investment Management
• DTE Energy
  Manager: Breckinridge Capital Advisors

*Figures are rounded. The figures aggregate impact metrics reported by Veris-approved alternative, public equity, and fixed income managers for the full portfolios of the strategies concerned. They are not attributable to, or pro-rated for, Veris client investments, may include overlapping or double-counted results across managers, and are estimated and unaudited.

**Case Study Sources: Community Capital Management, 2025 Impact Investment Awards; statistics provided by the fund. Impact figures are reported by the manager and are estimated and unaudited. This example is not representative of all investments made by the manager, and not all Veris clients are invested in the strategy referenced.

_{Readers should consult their financial advisors to determine if the managers, companies, or funds referenced in the report are appropriate for their personal investment. Portfolio company examples were selected by Veris to illustrate each impact theme, based on the company’s alignment with that theme and the availability of impact information reported by its manager through Veris’ annual impact questionnaire, and without regard to investment performance. Not all Veris clients are invested in the strategies referenced. Impact results presented in the case studies are not necessarily representative or indicative of whether other portfolio companies of managers or funds utilized by Veris have experienced similar results. Past performance is no guarantee of future results. For complete disclosures, see page 2 of the full report.}