2013 forest city csr executive summary report

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  • 8/11/2019 2013 Forest City CSR Executive Summary Report

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    Built onPurposeCULTIVATING THE CORE

    2013 CORPORATE SOCIAL RESPONSIBILITY

    EXECUTIVE SUMMARY REPORT

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    In 2013, we were proud to publish our first Corporate Social

    Responsibility Report, Built on Purpose. For Forest City,

    the process of measuring, evaluating and reporting on our

    progress was transformative.

    In the past year, we have continued to build upon ou r

    strong foundation by focusing on cultivating talent,

    capabilities, prosperity, partnerships and communities

    that are core to our culture, values, core markets and

    urban centers. These efforts have led to new processes

    and programs that have improved our transparency and

    strengthened our company.

    For example, our Integrative Design Services (IDS) g roup

    was formed this year with the goal of identifying best

    practices and standards that will ensure best-in-class

    quality and high performance in our new and existing

    properties. This cross-functional team is dedicated to

    improving internal controls and operational excellence.

    Among other successes, we embarked on a companywide

    collaboration to create internal design standards for our

    real estate development teams, promoting increased

    consistency in our processes and driving enhanced

    management and sharing of knowledge across the

    organization.

    We continue to add value for our shareholders and

    communities through core, urban, mixed-use developments

    and intelligent, high-performance buildings, creating

    healthy environments where people can live, work and

    shop. Were also incorporating smarter technology to

    our existing portfolio so we can increase efficiency and

    reduce costs. We believe this is the right thing to do for our

    residents, tenants and all of our stakeholders.

    Fostering our culture of capability, adaptability and

    accountability is another cornerstone in the foundation of

    our success.All of our accomplishments are a testament to

    the relentless dedication of our associates, who are core

    to our business and demonstrate Forest Citys strength

    through their daily achievements. We aim to support our

    associates through training, continuing education and

    proactively responding to their ideas and feedback.

    In alignment with our core value of Diversity and Inclusion,

    we focused on further diversifying our workforce so we

    can better connect with the needs of our communities.

    To support our efforts, we welcomed our second

    associate resource group AACCEL, which stands for

    African Americans Connecting and Creating Excellence

    and Leadership. We were honored to be named one of

    DiversityInc magazines 25 Noteworthy Companies in 2013

    for significant progress in diversity management.

    Corporate Social Responsibility serves as a strong

    foundation for cultivating value and innovation in our

    industry. We look forward to sharing this next part of our

    journey with you.

    Welcome to Built On Purpose: Cultivating t he Core.

    Sincerely,

    David LaRue

    President and Chief Executive Officer

    A message for our valued stakeholders

    from David LaRue, president and chief executive officer

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    At Forest City, we create office space, where people spend hours a day; retail properties, where people shop andspend leisure time; and residential buildings, where people make their homes. We have the rare privilegeof creating distinctive places that benefit both our company and the local communities in which weoperate, and CSR is one way we ensure our work realizes its full potential.Jill Ziegler, Director of Sustainability and Corporate Responsibility

    New York by Gehry at 8 Spruce Street

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    Through responsible, integrative real estate development

    and management, we cultivate not only properties, but also

    prosperity and a sense of place where we build.

    We recognize that vibrant urban centers are pivotal to the

    success of local communities, and that their value can inspire

    radial growth. With this in mind, we develop mixed-use

    communities places where people live, work and shop andcreate philanthropic, economic and industry partnerships that

    strengthen core urban areas.

    Our dedication to responsible stewardship applies to the

    creation of new high-performance buildings, as well as smarter

    management of our entire portfolio. We leverage innovative

    technology when rehabilitating existing buildings so we can

    1|FORESTCITYCSREXECUTIVESUMMARY

    Corporate Social Responsibility(CSR) is at the very core of Forest

    City. It has shaped the nature of our

    business and enabled us to build

    value for communities, associates

    and shareholders.

    increase efficiency and reduce costs, thus providing benefits to

    our tenants and residents.

    Our associates are driving the success of our programs and

    embodying the principles of our responsible practices on adaily basis. Their hard work and commitment exemplify our

    standards as a business and ensure that we deliver value to our

    stakeholders.

    As we evaluate our progress, we generate a strong foundation

    for improving the way we measure and analyze data. By

    calculating our impact as reflected in this report, we have

    developed a better understanding of our environmental footprint

    and opportunities for innovation. For example, we expanded thecontract of our waste broker to include residential properties

    in addition to retail properties following a pilot project that

    measured potential impacts, resulting in better control over

    waste management and waste data at dozens of additional

    properties. These steps are an important part of our Corporate

    Social Responsibility journey, and they will continue to contribute

    to the ongoing success of Forest City.

    Building on our foundation CULTIVATING THE CORE AT FOREST CITY

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    Our core markets and properties

    Forest City recognizes that urban centers are essential for creatingstrong and sustainable neighborhoods. We specialize in overcom-

    ing high barriers to entry in markets with strong growth potential

    through the unique ability to combine multiple property types into

    mixed-use developments, and to integrate new and renovated

    buildings into the existing urban fabric. We are active in creating a

    sense of place in our core markets, providing value to our compa-

    ny, shareholders and communities.

    Governance and ethicsForest City is dedicated to operating with integrity. This ensuresvalue for our shareholders and builds both internal and external

    trust in our company. Our Code of Legal and Ethical Conduct is

    essential to how we operate, and all officers, directors and as-

    sociates understand these guidelines for acting in a responsible

    manner. Forest City is governed by our Board of Directors with

    the assistance of the Audit, Compensation and Corporate Gover-

    nance and Nominating Committees.

    Our companySAN

    RANCISCO

    L

    OS ANGELES

    DENVER

    DALLAS

    WASHINGTON DC

    NEW YORK

    BOSTON

    2|CULTIVATINGTHECORE

    Core valuesOur set of enterprise-wide core values creates purpose for ourassociates and directs our business decisions. They are:

    Entrepreneurial Spirit

    Teamwork

    Integrity and Openness

    Sustainability and Stewardship

    Community Involvement

    Accountability Diversity and Inclusion

    Our core values define our beliefs and commitments so asso-

    ciates have a framework for strengthening our company and

    the communities in which we operate. CSR is an integral part of

    our foundation, enabling us to cultivate talent, partnerships and

    prosperity in core markets. We are proud of our reputation as a

    responsible real estate developer, and this drives transparency

    and continuous improvement. As a result, we continue to refineour processes for measuring progress, overcoming challenges

    and identifying growth opportunities.

    We are active in creating a sense of placein our core markets, providing value to ourcompany, shareholders and communities.

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    SUPPLIER DIVERSITY PROGRAMAt Forest City, we believe a more diverse supply

    base helps create a sustainable competitive

    advantage and long-term shareholder value. In

    addition to the tangible benefits of price and

    quality, a broader pool of diverse suppliers builds

    brand value, a solid reputation and goodwill in the

    communities we serve.

    We engage diverse suppliers designated in the

    following categories: Minority Business Enterprise,

    Women Business Enterprise, Veteran Business

    Enterprise and Disadvantaged Business Enterprise.

    PROCUREMENT POLICYForest City created a new Enterprise Procurement

    Policy to ensure that purchasing decisions and

    supplier interactions continue to align with

    applicable laws and our core values. The policy

    will guide associates in making purchasing

    decisions with company funds and outline an

    equitable buying process for all suppliers through

    bid requirements and documentation. In addition,

    Forest City amended its Supplier Code of Conduct

    to be launched later this year.

    Highlights

    3|FORESTCITYCSREXECUTIVE

    SUMMARY

    $25.7Mspent withdiversesuppliers

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    Highlights

    2013 TOP WORKPLACEEach year, The Plain Dealer recognizes 100

    companies and organizations in Northeast Ohio

    as Top Workplaces based on survey results from

    thousands of employees. We are delighted to

    report that Forest City was recognized by its

    associates as a Top Workplace in 2013, coming in

    at number 18 in its first year of participation.

    FC VOICES ASSOCIATE SURVEYIn 2013, Forest City conducted its second annual

    enterprise-wide associate survey, FC Voices. The

    results provide valuable insight into how leaders

    can build on our organizations strengths and work

    toward continuous improvement.

    4|CULTIVATINGTALENT

    #18

    81%of associatesgave an overallfavorable Rating

    Associate dress up for a Ha llowee n party to benefit t he local Unit ed Way.

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    Our AssociatesAccording to a 2013 Gallup study, organizations with high

    employee engagement achieve more than 20% greater

    productivity and profitability and have fewer safety incidents,

    absenteeism and turnover compared to companies with low

    employee engagement. To this end, Forest City aims to cultivate a

    dynamic and engaging workplace for all employees.

    We believe that our associates need access to resources that will

    help them develop skills for growth within our organization. To

    this end, we implemented a common performance review system

    and cycle for all Forest City associates in 2013. This has greatly

    improved our ability to be sure that all associates receive quality

    and timely performance feedback.

    5|FORESTCITYCSREXECUTIVE

    SUMMARY

    Talent is core to our success and is reflectedin our leadership, culture, developments

    and community relationships. We cultivate

    talent through our core value of Diversity and

    Inclusion, and by fostering an engaging work

    environment with opportunities for continuous

    learning and growth.

    Forest City regularly conducts talent review meetings, which

    are integrated with our business planning cycle. During these

    meetings, department heads and HR partners discuss the

    performance, potential and training needs of all exempt-level

    associates and recommend developmental actions. These

    meetings offer updates to the leadership succession plan, which is

    presented annually to the Board of Directors.

    Cultivating Talent

    25 NOTEWORTHY COMPANIES/ Forest City was proud to be

    recognized as one of DiversityInc magazines 25 Noteworthy Companies

    in 2013 for making significant progress in diversity management.

    Companies are assessed on over 180 factors, including workforce

    demographics, mentorship programs, employee resource group

    participation and leadership support.

    of all fulltime,permanent associatesare women42%

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    Associate Resource GroupsAssociate Resource Groups (ARGs)

    motivate employees to actively contribute

    skills and ideas to our business and local

    communities. ARGs successfully promoteDiversity and Inclusion through mentorship

    opportunities and fostering support and

    collaboration among associates. We

    understand that an engaged and diverse

    culture makes Forest City a great place to

    work, positions us to meet challenges and

    allows us to strengthen relationships in

    the neighborhoods where we operate.

    AACCEL

    AACCEL (African Americans Connecting

    and Creating Excellence and Leadership)

    officially began its programming in 2013.

    AACCEL provides a framework that helps

    associates identify ways to better leverage

    their skills, talents and connections within

    Forest City. Through AACCEL, members

    find ways to positively impact the

    communities where they work. Currently,

    AACCEL has 95 members across 15 states.

    WE LEAD

    WE LEAD stands for Womens Excellence

    through Leadership, Education,

    Advancement and Development. In 2013,

    WE LEAD hosted a series of dynamic

    lectures from female leaders, offered a self-

    directed communication course through

    6|CULTIVATINGTALENT

    2013 HEALTHYROADS

    PARTICIPATION:

    UniqueParticipants

    COMPLETED PERSONALHEALTH ASSESSMENTS

    493 396

    SkillPort, our training management system,

    and initiated a book club. WE LEAD has

    336 members.

    UNIDOS

    Forest City supports the creation of new

    ARGs and looks forward to welcoming

    another UNIDOS, our Hispanic ARG

    in 2014.

    WellnessIn 2013, we launched a wellness program called

    Healthyroads for all associates with a goal of creating

    a culture of healthy living and helping associates with

    their personal health management. Every associate

    has access to coaching, health plans, exercise and

    meal plans, personal training, biometric screenings,

    personal heath trackers and other resources.

    We also offer all associates free access to an

    Employee Assistance Program to help with lifes

    non-work stresses.

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    7|FORESTCITYCSREXECUTIVE

    SUMMARY

    12,000 hoursTrainingSkillport

    Highlights

    RESIDENTIAL TRAINING

    AccreditedResidential

    Managers

    CertifiedProperty

    Managers

    CertifiedOccupancySpecialists

    53 19 70

    LEARNING, DEVELOPMENT

    AND TRAININGWe believe offering our associates opportunities

    for growth will increase job satisfaction and

    tenure, which contributes to Forest Citys long-

    term success. In 2013, our associates completed

    more than 12,000 online training hours. Forest

    City uses Skillport, a training management system

    that connects formal and informal e-learning, for

    ongoing training needs. Supervisors, managers

    and property staff are required to take job-

    specific, annual training courses.

    Associ ates take part in a profess ional development series.

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    Cultivating Stewardship

    As part of our core value of Sustainability and Stewardship,

    Forest City strives to be a responsible steward of natural

    resources through effective management of real estate.

    These efforts are reflected in how we develop and construct

    new properties, operate and renovate our existing portfolio,

    adapt our policies and procedures to maximize sustainability

    and focus on reducing our energy, water and waste footprint.

    8|CULTIVATINGSTEWARDSHIP

    The Yards in Washington, D.C.

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    Our Approach

    9|FORESTCITYCSREXECUTIVE

    SUMMARY

    1. ENERGY & SUSTAINABILITY Provide services and support for energy

    efficiency and procurement, recycling and

    waste reduction, water conservation and

    facility management. We set internal design

    standards and performance specifications,

    aiming to exceed minimum building codes

    and standards.

    We audit and recommend mechanical

    systems and building upgrades and measure

    performance results of past projects in order to

    inform future decisions.

    Explore financing alternatives for energy

    retrofits to bring innovations and renovationsto market faster.

    Manage LEED and ENERGY STAR programs,

    and support production of annual CSR report.

    2. ARCHITECTURAL DESIGN Work with asset teams, developers and

    Procurement to develop compliance and

    performance standards that meet all regulations.

    Coordinate with development, marketing and

    operations teams to establish the look and feel

    of Forest Citys projects.

    Maintain quality properties by updating finishes

    to retain tenants and residents.

    3. BUILDING TECHNOLOGY SERVICES Work with developers and asset managers to

    determine the best available technology.

    Coordinate with multiple departments to ensure

    compatibility and consistency across our

    portfolio.

    4. RENEWABLE ENERGY Develop and operate facilities that create value

    and mesh with our core competencies.

    Forest Citys newly formed Integrative Design Services (IDS) department combines expertise from

    three groups: Energy and Sustainability, Building Technology Services and Architectural Design.

    These 20 associates integrate sustainability functions and serve as a central resource for the

    organization. IDS works with asset managers and developers to implement best practices and

    standards to ensure high quality and performance in our properties.

    Our goal is to make the best of whatwe do, a part of everything we do

    - Jon Ratner, Vice President of Integrative Design Services

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    LEED and ENERGY STARAt Forest City, we purposefully select how

    and where we develop. By designing to

    LEED and ENERGY STAR specifications,

    we proactively manage our buildings

    environmental footprints. In addition

    to sustainable design, we consider

    our impact on biodiversity, proximity to

    public transit and emissions reductions.

    While we actively develop in many

    urban settings with limited green space,

    we incorporate native landscaping and

    other land management initiatives when

    possible to minimize our environmental

    impact. In addition, we support sustainable

    transportation in many developments by

    providing infrastructure for bike-sharing

    and car-sharing.

    Cultivating Stewardship

    At Forest City, we are dedicated to the creation of high-performancebuildings that are sustainable today and for generations to come.

    We design intelligent buildings through innovative technology and

    internal sustainability standards and best practices, all with the goal

    of reducing the environmental footprint of our buildings.

    NEW DEVELOPMENT

    Because these sustainable design

    elements provide added value to

    residents, minimize environmental harm

    and differentiate us from our peers, we will

    continue to build to LEED and ENERGY

    STAR specifications. In 2013, Barclays

    Center, Las Vegas City Hall (build-to-suit

    project) and the Continental all achieved

    LEED certification.

    Internal Design StandardsLast year, Forest City initiated Design

    Standards for new development projects,

    to be completed in 2014. This document

    guides design teams to create a more

    consistent approach to overall building

    design and specific issues, including10|CULTIVATINGSTEWARDSHIP

    FEDERAL ASSISTED HOUSING TEAM /

    In 2013, the Federally Assisted Housing (FAH)

    portfolio implemented several major interior

    and exterior lighting projects, and leveraged

    many utility incentive programs to upgrade

    1,467 units, saving water and energy.

    waste management, HVAC systems

    design, lighting densities, building

    materials selection and sustainable

    construction practices.

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    Saved

    more than

    in energy costs$3.7M of stormwater

    Retained

    3.7M

    cubicf

    et

    worth of

    recycled content$25 miion CO21 m

    Avoidedgeneration of

    metric tonnes of

    from landfisDiverted 47,576 metric tonnes ofconstruction waste

    Reduced indoor water

    consumption by

    40.3Mkgals

    Includes 15 LEED certified projects for which complete data exists.

    Used more than

    Our LEED certified* projects have:

    11|FORESTCITYCSREXECUTIVE

    SUMMARY

    Our LEED projects include:

    19 13LEED certifiedproperties, includingthree NeighborhoodDevelopments

    IN DEVELOPMENTACTIVELY TARGETINGLEED CERTIFICATION

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    2013 INTERNATIONAL

    RENEWABLE ENERGY

    PROJECT OF THE YEARIn 2013, Forest City installed a waste disposal

    system at Tower City Center in Cleveland to

    process scraps from the food court. The leftovers

    are delivered to our anaerobic digestion plant in

    Collinwood (a Cleveland neighborhood) where

    they are converted into fertilizer and biogas. The

    fertilizer is delivered to area farms, where the

    biogas generates electricity that is then sold to

    Cleveland Public Power. This project won the 2013

    International Renewable Energy Project of the Year

    award from the Association of Energy Engineers.

    ULI URBAN OPEN SPACE AWARDIn 2013, the Urban Land Institute honored The

    Yards Park, a 5.5-acre riverfront park in Washington

    D.C., with its Urban Open Space Award. This group

    promotes vibrant, successful urban open spaces by

    annually recognizing and rewarding an outstanding

    example of a public destination that has enriched

    and revitalized its community.

    Forest City strives toreduce energy use 20% by2020 as part of the BetterBuildings Challenge

    12|CULTIVATINGSTEWARDSHIP

    Highlights

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    Energy ManagementForest City ensures centralized energy management by aligning

    activities and decision-makers at the business-unit and property

    levels. We prioritize investment decisions on energy-efficient

    projects, and then measure and verify them in order to maximize

    our capital by investing in the highest performing projects.

    Cultivating Stewardship

    We proactively manage our existing propertiesby developing policies, processes and

    programs based on best practices. We track

    all sustainability initiatives to keep our focus on

    those that create the most value, and continue

    to integrate innovative technologies in our

    operating portfolio as we improve operational

    efficiency and performance.

    MANAGED PORTFOLIO

    13|FORESTCITYCSREXECUTIVESUMMARY

    Strategic Energy Management ScorecardThis year we developed Strategic Energy Management

    Scorecards, which enable us to drill down to varying degrees

    of detail to identify the sources of energy savings realized. This

    allows us to identify the impact of specific efficiency projects to

    accurately gauge which projects were successful and where they

    should be replicated.

    STAPLETON: CONSERVATORY GREEN/ In 2013, Stapleton, a sustainable

    mixed-use development in Denver, launched Conservatory Green.

    This was the first of several new neighborhoods designed to continue

    Stapletons successful formula of strong community engagement,

    award-winning parks and schools and appealing home designs. In

    2013, Stapleton ranked 11th in the nation in sales for master planned

    communities; according to Metrolist, it has accounted for approximately

    10% of all homes sold in Denver.

    Energy c onsumption s aving s: Energy c os t s avings:

    5.7% 7.8%

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    Engineering ActivityAt our corporate headquarters,

    Forest Citys two Certified Energy

    Managers and two professional engineers

    regularly conduct site visits and energy

    audits. In 2013, Forest City conducted 21

    Level II ASHRAE* audits and nine Level I

    ASHRAE audits on more than 10,000,000

    square feet of our portfolio to identify

    conservation measures, critical systems

    and plant needs. Property managers

    were engaged in projects through the

    Sustainability Metrics Scorecard, a

    spreadsheet that compares year-over-

    year performance and identifies areas

    needing improvement. This tool expands

    communication with the Strategic Energy

    Programs and Efficiency Team, who use

    the Sustainability Metrics Scorecard to

    prioritize Property Improvement Plans.

    Greenhouse Gas EmissionsAs buildings are significant contributors to

    greenhouse gas emissions, we proactively

    manage our energy by:

    Leveraging LEED and other

    sustainability specifications in our

    building designs.

    Installing renewable energy projects

    whenever possible.

    Rehabilitating existing buildings

    with innovative technology to

    reduce their impact.

    Incorporating efficient technologies

    such as demand-response systems.

    Measuring our impact enables us to

    better manage and reduce our footprint.

    We are currently analyzing our portfolio

    to determine ways to avoid greenhouse

    gas emissions through designing and

    managing high-performance buildings.

    WaterIn 2013 Forest City completed a thorough

    internal quality review to check the

    accuracy and completeness of our water

    data for reporting. We actively identify

    water-saving opportunities by:

    Renovating restrooms to incorporate

    waterless, low-flow and other efficient

    technologies.

    Installing new or upgrading existing

    irrigation systems.

    Identifying utility rebates for water-

    saving technology installation.

    Waste and RecyclingBy reducing our waste, we reduce costs,

    improve our operational efficiency and

    lessen the environmental impact. During

    construction, we require diversion of at

    least 50% of construction and demolition

    waste. With renovation projects, we re-

    use as much of the existing structure as

    possible to minimize waste and the need

    for new materials.

    14|CULTIVATINGSTEWARDSHIP

    6.9%

    Greenhousegas emissionssavings

    *American Society of Heating, Refrigerating and Air-Conditioning Engineers

    21 9Level IIASHRAE*audits

    Level IASHRAEaudits

    ON10 MillionsF of our portfolio

    1.4BuildingWater Use(gallons) Bi

    llion

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    15|FORESTCITYCSREXECUTIVESUMMARY

    19%Recycling Rate for propertieswhere data exists

    50%Diversion of construction anddemolition waste required duringnew construction

    12%Reduction in waste costs byoptimizing waste and recyclingservices across our residentialportfolio

    Highlights

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    COMMUNITY DAY

    In 2013, Forest City was proud to host its 10th annual

    Community Day to celebrate local neighborhoods

    through service. More than 1,100 associates from

    57 participating locations/offices donated time and

    skills to 51 organizations dedicated to the vitality of

    our neighborhoods. Through combined efforts, we

    contributed 7,163 hours of service to support the

    arts, education, wellness, public health and local

    environments.

    GAY GAMES

    Forest City is a proud platinum sponsor of the 2014

    Gay Games and will provide staffing for the three

    events we are sponsoring.

    1,100Associates57 Locations/offices51Organizations7,163 Hours of service

    16|CULTIVATINGSTEWARDSHIP

    Highlights

    Community Day at Stapleton in Denver

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    Our Philosophy on GivingAt Forest City, we target our giving to specific initiatives or

    programs that strengthen local communities. Some of these

    include providing services for those in need, as well as supporting

    education, arts and culture, and historical preservation. When we

    select organizations for philanthropy, we evaluate their ratings,

    history and engagement of board members, among other factors.

    We also ask potential recipients for quarterly or semi-annual

    reports to prove that funds are used optimally. Thus, we ensure

    that we are giving responsibly and generating a significant,

    positive impact in our neighborhoods.

    In addition to our philanthropic contributions, we actively identify

    opportunities for in-kind giving and skills-based volunteering

    Cultivating Community

    At Forest City, our vision is to be the real estate

    leader and partner-of-choice in creating distinctive

    places to live, work and shop. By cultivating

    partnerships with business partners, communities

    and our industry, we drive innovation and

    strengthen the core of our business and urban

    centers in which we operate. Our properties impact

    the lives of many people and our collaborative

    spirit ensures we do so responsibly.

    17|FORESTCITYCSREXECUTIVESUMMARY

    to local organizations. Associate engagement in volunteer

    opportunities increased in 2013 through lunch-and-learns and

    promoting specific events. We continue to encourage associates

    to use their time and skills to serve our communities.

    Health and Wellness

    Education

    Culture & Art

    Economic Development

    Civic

    Sustainability

    10% of our charitable activities support ourDiversity and Inclusion initiatives

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    Mound School PartnershipForest City is committed to providing

    opportunities for quality education in our

    neighborhoods. In 2013, we were one

    of the first companies to adopt a school

    through Clevelands Community Wrap

    Around program, which provides resources

    to 13 Investment Schools through support

    from the school district and United Way.

    Forest City was instrumental in creating

    the Transformational Plan for the Cleveland

    Municipal School District, which funded the

    program in the 20132014 school year. We

    adopted Mound School, a K-8 STEM school

    in Slavic Village, an area neighborhood,

    and are currently partnering with Univer-

    sity Settlement, Third Federal Foundation,

    Teach for America and Paran Management

    to develop a long-term partnership model

    with the school to best utilize our corporate

    strengths to help the students reach their

    academic potential.

    Community PartnershipsAt Forest City, we have the rare privilege

    of creating shared value from our

    productscommunities. We create office

    space, where people spend hours a day;

    retail units, where people shop and spend

    leisure time; and residential properties,

    where people make their homes. With

    the knowledge that communities shape

    culture, livelihoods and their surrounding

    neighborhoods, we take responsibility to

    ensure our developments fully integrate

    with and benefit occupants and cities.18|CULTIVATINGCOMMUNITY

    YOUNG LEADERS/ Forest City partnered

    with United Way to spearhead the founding

    of corporate chapters of United Ways Young

    Leaders program. The program is open

    to associates age 40 and younger who

    act as partners in skills-based volunteer

    opportunities.

    Through our residential, commercial and

    retail offerings, we aim to create distinctive

    neighborhoods that reflect the history,

    values and culture of residents who live

    in our facilities.

    WorkforceIntermediary ProgramThe Workforce Intermediary Program

    aligns employee preparation and training

    to employer needs, thereby creating the

    optimal connection between the demand

    and supply sides of the world of work,

    closing the gap between workforce

    development organizations and employers.

    Forest City Washington developed a

    Workforce Intermediary Program with the

    vision of improving access by one of our

    major tenants at The Yards, Harris Teeter,

    to District residents, while delivering a

    return on investment to the business

    partner, providing access to the local

    pool of highly qualified employees, all in

    collaboration with community and faith-

    based organizations.

    At Forest City, our goal is to have a real and positive impact in our communities, not only

    through transformational real estate, but also through corporate philanthropy, skills-based

    volunteering and in-kind contributions.Jeffrey B. Linton, Senior Vice President, Corporate Communications and Community Relations

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    5M PROJECT

    Through the 5M Project in San Francisco, Forest

    City has partnered with organizations that support

    an entrepreneurial environment featuring small

    businesses, arts endeavors and youth and job

    development since 2009. Covering four acres

    in San Franciscos South of Market district and

    anchored by the existing San Francisco Chronicle

    building, the project is tenanted with a new

    mix of creative groups covering sectors such

    as entrepreneurship, tech, arts, and education

    and also supports other local businesses run by

    first-time owners, women and minorities through

    events such as Off the Grid, a twice-a-week BayArea food-truck gathering. The site is currently

    seeking entitlement for the construction of several

    new buildings over the next few years.

    BEST NEIGHBORHOOD CATALYST

    Barclays Center is a state-of-the-art, multi-purpose

    sports and entertainment venue in Brooklyn,

    New York. This arena was one of four innovative

    architecture and urban design projects to win

    The Municipal Art Society of New Yorks 2013

    MASterworks Award for Best Neighborhood

    Catalyst. Projects are recognized annually for

    making a significant contribution to New Yorks

    environment.

    19|FORESTCITYCSREXECUTIVESUMM

    ARY

    Highlights

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