CLEVELAND, June 26, 2018 /PRNewswire/ -- Forest City
Realty Trust, Inc. (NYSE: FCEA) today announced the release of its
2017 corporate responsibility (CR) report. The report is Forest
City's sixth annual, and includes updates on the company's
strategic focus and execution on environmental, social and
governance (ESG) matters.
"As a focused urban placemaker, Forest City has a well-rounded
ESG program that helps us proactively address the issues that
matter most to our stakeholders," said David J. LaRue, president and chief executive
officer. "I'm proud of our associates' efforts to further establish
our credentials as a sustainability leader in the real estate
industry."
The report, available at cr.forestcity.net, focuses on Forest
City's integrated and holistic approach to ESG management in
alignment with the company's strategic principles of focused
placemaking, sustainable growth and exceptional performance.
Notable achievements detailed in the report include:
- Being named in Equileap's Gender Equality Global Report and
Ranking as one of the top-performing companies in the world for
demonstrating progress in gender equality. The company was also
recognized by 2020 Women on Boards for our commitment to female
representation at the Board level.
- Investing $2.4 million in capital
improvement projects aimed at energy efficiency, bringing the
company's total investment since 2011 in this area to $34 million.
- Earning recognition as a 2018 ENERGY STAR Partner of the Year,
the EPA's highest honor for organizations that protect the
environment through superior energy efficiency.
- Becoming just the second U.S.-based real estate investment
trust (REIT) to establish greenhouse gas (GHG) reduction goals
approved by the Science Based Targets initiative. Under the new
goal, Forest City will reduce directly managed emissions related to
our operating portfolio (scope 1 and 2) by 27.5 percent by 2025
from a 2016 baseline, as well as 33 percent of emissions from
sources such as tenant and resident spaces and construction
activity (scope 3).
Key sustainability performance metrics include:
- Reducing scope 1 and 2 emissions intensity by 6.7 percent and
scope 3 emissions by 56 percent from 2016 to 2017, demonstrating
significant first-year progress towards the company's goals as part
of the Science Based Targets initiative, which has a 2016
baseline.
- Exceeding waste diversion goal for operating properties ahead
of schedule, achieving a 24 percent recycling rate in 2017.
- Reducing water use by 5.4 percent from 2016 to 2017.
"I'm proud to work for a company that values high-performing
real estate and true community partnership, which when combined,
create sustainable growth for all stakeholders," said Jill Ziegler, director of sustainability and
corporate responsibility. "Creating great places like Stapleton in
Denver, The Yards in Washington, D.C., and Pier 70 in San Francisco, where site work is underway,
requires us to not only be innovative and forward-thinking, but
also to be rigorous and process-oriented, ensuring that we can
effectively measure, set and achieve our ESG goals."
To learn more, visit cr.forestcity.net to read the full
report.
About Forest City
Forest City Realty Trust,
Inc. is a NYSE-listed national real estate company
with $8.0 billion in consolidated assets. The Company is
principally engaged in the ownership, development, management and
acquisition of commercial and residential real estate throughout
the United States. For more information,
visit www.forestcity.net.
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SOURCE Forest City Realty Trust, Inc.