Forest City releases its first Corporate Social Responsibility Report
(3BL Media Via Acquire Media NewsEdge) Report based on Global Reporting Initiative guidelinesSOURCE: Forest City
DESCRIPTION:CLEVELAND, Aug. 27, 2013 / 3BL Media/ PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that the company has released its first Corporate Social Responsibility (CSR) Report. Titled "Built on Purpose," the report received an Application Level B in accordance with the Global Reporting Initiative (GRI) G3.1 Guidelines. GRI is the leading global framework for CSR reporting.
"For more than 90 years, Forest City has acted as a responsible corporate citizen. This report provides the company an opportunity to highlight successes and measure progress," said David J. LaRue, Forest City president and chief executive officer. "The title of our first report, Built On Purpose, reinforces our commitment to live our shared core values, environmentally, socially and economically, all of which are integral to our company's success."
The report highlights Forest City's many significant accomplishments, including:
More than 30 LEED-certified buildings completed or plannedAssociate contributions totaling more than $630,000 to the United Way in 2012$6 million in energy efficiency savings since 2011Over six megawatts of renewable power capacity installedThe report provides detailed information on Forest City's corporate responsibility performance over the past fiscal year. To view the report, please visit: csr.forestcity.net. The report is also available through Forest City's corporate website, www.forestcity.net.
About Forest CityForest City Enterprises, Inc. is an NYSE-listed national real estate company with $10.6 billion in total assets. The company is principally engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States. For more information, visit www.forestcity.net.
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