2012 Forest City CSR BuiltOnPurpose_SummaryReport2012

8/11/2019 2012 Forest City CSR BuiltOnPurpose_SummaryReport2012

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CORPORATE SOCIAL RESPONSIBILITYEXECUTIVE SUMMARY REPORT

BUILT

ONPURPOSE


2/19

At Forest City Enterprises, everything we do isBuilt On Purpose. As the title of our

rst Corporate Social Responsibility report, this phrase reinforces what we do and,

more importantly, how we do it.

Publishing our rst Corporate Social Responsibility reportallows Forest City to articulate to the world what it has always

known internallythat by doing business responsibly we will

exceed our shareholder and stakeholder expectations and, in

turn, create value. We are proud to introduce,Built On Purpose,

the rst of many communications that demonstrate our

commitment to CSR.

Jon Rat ner, Vic e P res ident , Ener gy and Sus tai nab ili ty

What we do is own, develop and manage real estate with the intention

of bettering lives, businesses and communities which in turn, creates

and increases shareholder value. How we do it is by adhering to our core

values, hiring and retaining great people, identifying and nurturing strategic

partnerships, volunteering, contributing to our communities and respecting

and protecting the environment.

Built On Purposenot only describes Forest Citys great leadership, honest

partnerships and our commitment to our people and the planet, it also tells

another important part of o ur story. Each of our projects and properties were

strategically designed with a disciplined plan and genuine purpose

for families, organizations, visitors and communities throughout

the United States.

Throughout this report, you will learn about Forest City and our

commitment to Corporate Social Responsibility (CSR). Above all,

you will learn that here, at our company, Built On Purposemeans

everything. It reflects the type of company Forest City really is.

For more information and details on Forest Citys CSR efforts, pl ease visit http://csr.forestcity.net. This is a link to our full CSR report including the Global Reporting Initiative (GRI) Content Index.Built On Purposereceived an Application Level B rating from GRI.

In 2010, Forest City created a 5,000-square-foot rooftop garden on the

15th floor of its Terminal Tower headquarters building in Cleveland, and its

still growing strong. On Community Day that year, volunteers built it f rom

the ground up, making use of discarded filing cabinets and shipping palletsto build 46 unique planters. The herbs, vegetables, flowers and fruit are

watered and tended to by garden club members, who share in the harvest.

Water is reclaimed from a nearby roof and stored (more than 300 gallons

at a time) for irrigation. In 2011, we added a honeybee hive for pollination.

All associates are invited to enjoy the garden during their breaks or use

the space for meetingsthe adjacent room is equipped with Wi-Fi to

accommodate all visitors.

The garden was born out of the desire to repurpose some of the

buildings unused rooftop space into something that contributes to

CSR at Forest City.

FOREST CITYS ROOFTOP GARDEN DEMONSTRATES COMMITMENT TO CSR


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A L E A D E R S H I P M E S S A G E F R O M O U R P R E S I D E N T &C H I E F E X E C U T I V E O F F I C E R , D A V I D L A R U E

TO OUR VALUED STAKEHOLDERS:

I have worn many hats in my life and have taken on many rolesa husband, a

father, a friend, a mas ter griller and a coachjust to name a few. Today, I write

to you as a business leader, knowing perfectly well however, that I am all of

these things.

Likewise, Forest City is many thingsan employer, a team, an organization of

entrepreneurs, a resource for our communities, a visionary of communities to

come, a believer in doing the right thing, a steward of the environment and a

trustee to our shareholders and future generations. It is because we are all of

these things that I want to share with you our efforts in corporate citizenship and

social responsibility.I personally invite you, our associates, our shareholders, our partners and industry

peers, to read our first-ever Corporate Social Responsibility report, Built On

Purpose. In developing this report based on the Global Reporting Initiative (GRI)

frameworkthe gold standard for sustainability reportingwe are becoming

one of only a handful of North American real estate companies to evaluate our

corporate responsibility performance and set goals for future progress. We

believe in being good corporate citizens, and this belief can be linked to our

business success.

We are proud of this accomplishment and so many of the achievements

highlighted in our inaugural report. Through success stories from our associatesand leaders, readers will learn about some of the important efforts we have had

the privilege of being involved with. For instance, during 2012, more than 1,200

of our associates participated in our enterprise-wide event, Community Day.

We believe in proactive community involvement, driven by the efforts of our

associates, that enhances the vitality of the communities in which we operate

and call home.

Just as important, Built On Purposedemonstrates our commitment to our shared

core values, which are integral to our companys success. You will see how vital

they are to our culture and that when we work to enhance one, it makes all of our

values stronger.

While we have never formally aggregated our values under the corporate social

responsibility umbrella, it has always been essential to our philosophy and success,

and the reporting process pushes us to measure and share the results of thesecommitments. As the saying goes, what gets measured gets managed, and we

see tremendous opportunity to demonstrate a return on these investments. Of

course, we will continue to improve upon and change many areas, but thats what

makes us who we are. At Forest City, we stand for citizenship and responsibility,

knowing perfectly well however, that we are much more.

Welcome to Built On Purpose.

Sincerely,

David LaRue

President and Chief Executive Officer

During 2012, more than1,200 of our associates

participated in ourenterprise-wide event,Community Day.


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FOREST CITY CORPORATE SOCIAL RESPONSIBILITY EXECUTIVE SUMMARY REPORT BUILT ON PURPOSE

Standing on the shoulders of giantsthis is

where we begin and this is the foundation

of our future.

Forest City was founded in 1920 in Cleveland, Ohio, after the Ratner (thenRatowczer) family immigrated to America from Poland. Through hard work, good

fortune and a strong reputation for honesty and fair dealing, the family business

grew and expanded.

Over the next 90 years, Forest City became a national leader in real estate

investment and development. Today, we carry on the traditional family values

of honest business practices, community involvement and doing the right thing,

the right way, for the right reasons and for the good of the company. There is

no doubt that we will continue to operate our business as responsible

corporate citizens.

Although one family created this business, thousands of familieshave made it what it is today. I am extremely proud of all Forest

City associates for living the core values that have guided our

company through hard times and times of success.Alber t Ratn er, Co-Chai rman Eme rit us

O U R C O M P A N Y


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C O R P O R A T E S O C I A L R E S P O N S I B I L I T Y

As long as we have been doingbusiness, we have been doing

business responsibly. This takes

a true commitment from allof us. As a member of the

Forest City community, this

commitment is understood

and carried out with pride and

determination. This company

was built on a reputation of

trust and authenticity. Corporate

Social Responsibility allows us to

strengthen that reputation.

Jill Zieg ler, Manager,Energ y and Sus tai nab ili ty

Importance of CSR

Being a responsible steward is in our

DNAits the way we are built. It is

reflected in our associates, projects,

communities, philanthropic ideals andbusiness dealings. Corporate Social

Responsibility is part of our company

culture and our business modelit is

why we have a seat at the table in our

core markets.

Our sustainable strategy sets us apart

from our competition in many ways:

We revive city centers to their

full potential through large-scale,

complex, urban redevelopment and

historic preservation.

By reusing materials and improving

existing infrastructure, we reduce

environmental impact and maximize

integration within a community.

Forest City has become a

partner-of-choice because our

CSR efforts go hand-in-hand with

a communitys interests.

Our partners know our solid

reputation for community

involvement and environmental

stewardship.

While we know instinctively these

qualities help set us apart, we believe

we have the opportunity to do a better

job of measuring both the tangible and

intangible aspects of CSR. Through

the process of reporting, we havebegun identifying and collecting CSR-

related performance metrics across

the enterprise. This will allow us to

recognize best practices and discover

opportunities for both efficiencies and

innovation, which will contribute to

our ongoing success.

Managing & Measuring CSR

Several types of internal meetings and

exercises helped our company identify

our key stakeholders and have resulted

in providing the main topics, material

content, data and measurements

for this report. In addition, these

workshops helped increase our

attention on many strategic,sustainable and responsible initiatives.

Our exercises included the following:

Stakeholder MappingDuring the

workshop, participants identified

Forest Citys key stakeholders and

strived to better understand the

synergies between our stakeholders

priorities.

CSR WorkshopLeaders from many

different departments and locations

came together to learn more about

the Energy and Sustainability

Departments efforts and the

articulation of sustainability and

stewardship as a company core

value. The workshop resulted in the

development of a strong process to

follow in collecting and managing data

and a baseline for future reporting and

CSR decision-making activities.

Materiality AssessmentAs a first-

time reporter, Forest City based its

materiality assessment upon internal

stakeholder engagement only. In

advance of our internal workshop,

participants completed an online

survey which provided a snapshot of

the most significant issues for Forest

City and our stakeholders.


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Our vision, mission and core values

represent the foundational principles

of our companya place where

family, hard work, partnerships and

collaborative success are respected.

These important elements also reflect

our belief that we can create value

for our shareholders, associates,

communities and stakeholders by

operating responsibly.

VISION

Our vision is to become the real

estate leader and partner-of-choice

in creating distinctive places to live,shop and work.

MISSION

Forest City is a leading owner,

operator and developer of distinctive

and diversified real estate projects

in select core markets, which create

value for our shareholders, customers

and communities through place

creation, sustainable practices and a

long-term investment perspective.

We operate by developing meaningful

relationships and leveraging our

entrepreneurial capabilities with

creative and talented associates

who embrace our core values.

My father once told me that our reputation was the single mostimportant factor in our companys success. Today, that is still very

much the truth. Today, our vision, mission and core values reflectour reputation and guide every business decision we make.

Chuck Rat ner, Chai rman of the Boa rd

CORE VALUES

Our core values were recently

refined during the strategic

planning processreinforcing a true

commitment to the inextricable

link between values and business

success. As a company, our core

values are the commitments by

which we operate and to which

we hold ourselves accountable.

STRATEGIC DRIVERS

Forest Citys strategic plan fosters

innovation and helps in our business

decision making. It is also a workingdocument that i s referenced during

project development and used

during quarterly reviews. In 2012,

we built our strategy around four

strategic drivers that will enable us

to become the partner-of-choice

in our core markets. Each of our

four strategic drivers supports the

mission, vision and core values at

Forest City Enterprises.

OUR CORE VALUES

OUR STRATEGIC DRIVERS


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E C O N O M I C P E R F O R M A N C E I N O U R C O R E M A R K E T S

OUR CORE MARKETS

Corporate Ofce

Regional Ofce

OUR PRODUCTS

We take pride in each of our

development and management

projects while focusing on our core

productsresidential, office, retail and

mixed-use. Through these products,

we strengthen our balance sheet bymaintaining access to diverse capital

sources, monitoring and managing

aggregate development risk and credit

metrics and forming strategic capital

partnerships for operating portfolios

and development opportunities.

CORE MARKETS

The focus we place on our core

markets is purposefulthey are

all urban centers where we have

the ability to concentrate on urban

revitalization, connect local work,

home and shopping space with

existing public transportation

infrastructure and build on local

culture. Our reputation on previous

and current projects earns us our

license to operate, and we strive to

become the partner-of-choice in our

core markets.

As we continue focusing on our core

markets, we are better able to:

Build on expertise in public-

private partnerships through tax

increment financing, tax credits

and other financial tools

Create distinctive projects with a

sense of place to reflect the local

history, values and culture of the

people within our communities

Activate an existing pipeline of

resources

Utilize our competitive advantages

We are focused on our core markets

and on creating vibrant urban

centers that support a sustainablefuture. By building up the core,

rather than building out, Forest City

is rebuilding a sustainable urban

landscape.


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ECONOMIC PERFORMANCE

Following the real estate market

downturn in 2008, Forest City

repositioned the company for recovery

and growth. Over the past three years,

we have seen 5.2% growth in revenue,

a strong indicator of improvement.

Forest City had total assets in 2012 of

$10.6 billion.

By focusing on our core markets and

with assets in other markets, we are

creating value for the company, our

communities, shareholders, associates,

residents and tenants. We will

continue to move forward, creating

vibrant spaces that embody a sharedvision of the future.

We are committed to creating value for all of ourstakeholders. We set high performance standards and hold

ourselves personally and collectively accountable to meeting

our financial objectives. Everyone in the Forest City familyis prosperous when we do business the right way.

Bo b O Bri en, Execut ive Vic e Pr esi den t, Chie f Fina nci al O ffi cer

TOTAL REVENUES

Total Revenues from Real EstateOperations(in Millions)

2012 $1,143.69

2011 $1,051.62

2010 $1,078.45

Note:

Years from February 1 January 31

st

.


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O U R P E O P L E . O U R L E A D E R S .

From our planners and designers,

to our architects and executives,

our associates uphold our core

values and support our mission to

be the partner of choice in our core

markets. Our people understand

the importance of Corporate Social

Responsibility and the positive

impact we all can make by beingtransparent and acting responsibly.

TALENT MANAGEMENT

In 2012, Forest City implemented

and enhanced its talent management

system, improving our performance

review system and goal-setting

process. Not only will Human

Resources and Management

have access to the system, but

associates will have the ability

to better manage their careers

and assess their own talents.

ASSOCIATE DIVERSITY

Diversity of thought, background

and expertise helps us to be a more

competitive, dynamic and effective

company. We seek to reflect the

markets we serve, and while we

have 16% representation of women

in executive management, we

acknowledge our need to identify

additional female and minority talent

for future leadership positions. As

one of our Associate Resource

Groups (ARG), WE LEADWomens

Excellence through Leadership,

Education, Advancement and

Developmentis focused on the

women of Forest City. Through

WE LEAD, our associates gain

opportunities and give back by lendingtheir perspective to address specific

organizational issues.

At Forest City, our associates are our most

important asset. They are the driving force

behind our success, especially in Corporate

Social Responsibility.

of all full-time, permanentassociates at Forest Cityare women


10/19


Forest City has been practicing CSR for the 25-plus years I have beenon the board. Its the world that has changed, and so now Forest City

is sharing their stories of what they have always been doing. Sco tt Cow en, Fores t C ity Boar d of Dire ctor s

We also recognize that by tracking the

composition of our associates, we can

better understand, manage, recruit

and retain a competitive workforce.

As we continue to grow and develop,

we will also continue to embrace our

core value of Diversity and Inclusion

at all levels of our workforce.

ASSOCIATE ENGAGEMENT

Associate engagement is a

fundamental part of our strategic

plan. We use multiple vehicles and

resources to engage associates around

our core values and strategic drivers.

In fact, in April 2012, Forest City

conducted the first annual enterprise-

wide associate survey. We werepleased that 60% of our company

responded, with 85% of those

surveyed agreeing that Forest City is a

Forest City is responsible for developing communities. Economic and

workforce development partnerships are one way we do just that. Project

REAP (Real Estate Associate Program), part of a national InternationalCouncil of Shopping Centers (ICSC) diversity initiative, was designed to raise

the minority communitys awareness of the commercial real estate industry

and provide guidance to people from the community who are interested in

joining companies like Forest City. In 2012, Forest City co-sponsored the first

Cleveland Project REAP program. Forest City professionals along with other

industry experts taught 26 separate classes over a 12 week period. Theinaugural class of 32 students comprised a diverse group interested in a real

estate career.

good place to work and 82% of those

surveyed indicating they are proud to

tell others they work for Forest City.

LEARNING & DEVELOPMENT

Developing and maintaining a culture

that embraces our core values andstrengthens our associate talent are

part of Forest Citys strategic plan.

To this end, we have:

Integrated learning content from

Skillsoft and Microsoft to provide

associates an opportunity to

access materials from a general

course library on leadership and

management, human resources

compliance and general business.

Currently, the library includes

more than 100 courses. In 2012,

Forest City associates completed

4,369 courses.

Created an opportunity for

further professional development

through online and in-person

programs. In 2012, 67 associates

took advantage of these programs

completing 775 hours of training.

Hosted an annual conferenceto offer associates Continuing

Professional Education credits

that are required to keep an

accountants CPA license

active. In 2012, a total of

75 accountants received a

total of 944 credit hours.

ECONOMIC DEVELOPMENT PARTNERSHIPS


11/19

E N E R G Y & S U S T A I N A B I L I T Y A T F O R E S T C I T Y

This is an exciting time for Forest City. After nearly a century, weare going to share our CSR story. It is a stor y with many chapters,

virtuous characters, chal lenging plots wi th success ful and not -so-

successful outcomes and a last page nowhere in sight. The question

for all of us now iswhat are we going to do next? Our strategicapproach to Corporate Social Responsibility is built with purpose,

making anything possible. Jon Ratn er, Vi ce Pres ide nt, Ene rg y and S ust ainabil ity

We institutionalized sustainable

practices at the corporate level

with the creation of our Energy and

Sustainability Department and we

work to reduce the environmental

footprint of our existing portfolio and

new development projects.

ENERGY MANAGEMENT

Buildings remain the largest single

contributors to climate change in the

United States, producing more than

40% of greenhouse gas emissions.

We address climate change by:

enhancing urban centers, which is

the lowest carbon-intensive type

of development,

improving the efficiency of our

properties and

educating our employees, tenants

and those impacted by our actions.

Since 2007, we have tracked

our energy use at the property

level through a utility monitoring

and management system called

EnergyCAP. Implementing this system

has allowed us to better manage

energy usage and better calculate

energy savings. In 2011, the Energy and

Sustainability Department developed

a savings tracker to monitor our

energy efficiency and renewable

energy projects. Since instituting this

tool, we have tracked more than $6

million in savings.

In 2010, Forest City initiated a facilities improvement program that focused

on HVAC, lighting and mechanical system building retrofits to generate

a high return per capital investment. With lighting consuming 20-30% ofenergy in most buildings, Forest City audited the 50 buildings where the

energy spend was highest to uncover any opportunities to do better. During

this process, we identified $8 million worth of lighting retrofit projects.

Forest City invested a total of $979,683 in lighting retrofits in 2010 and

2011. The lighting retrofit program proceeded with installations in 2012

and will continue through 2015. In 2012, 26 projects were designed andcompleted, resulting in an anticipated cost savings of $225,464 and a 23%

return on investment within the first two years.

CORPORATE LAMP RETROFIT PROGRAM


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COMPARABLE ENERGY PORTFOLIOENERGY USAGE

COMPARABLE ENERGY PORTFOLIOGHG EMISSIONS METRIC TONS

Energy Consumption

Electric

(kWh)

437,606,444

450,562,679

Natural Gas

(DKTHM)

706,748

777,687

Steam

(MLB)

45,509

52,584

Actual 2012 Actual 2011

GHG Emissions

Electric

(t)

308,753

317,894

Natural Gas

(t)

37,500

41,264

Steam

(t)

42,031

48,564

TOTAL388,284

407,723


Note: Our comparable energy portfolio includes facilities where we have maintained energy data for two consecutive years.

We track energy use by billable square footage to determine building energy intensity.


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ADAPTIVE REUSE, BROWNFIELD,

HISTORIC PRESERVATION

As part of our mission, we are

able to reimagine and repurpose

neglected properties to preserve

the culture and history of a place.

Our adaptive reuse, brownfield andhistoric preservation projects allow

communities to transform declining

neighborhoods into vibrant activity

centers. These projects are inherently

sustainable in their development,

design and management. We reuse

available building materials on site

to preserve the historic value of a

space, to enhance the cultural value

of a neighborhood, and to reduce our

carbon emissions by minimizing the

use of new construction materials.

We hire locally and make an effort to

purchase from local suppliers, thus

enhancing the local economy during

the course of redevelopment.

LEED BUILDINGS

Leadership in Energy and

Environmental Design (LEED)

is the premier standard forevaluating sustainable building

design and construction. Forest

City builds to LEED standards with

over 50 buildings and projects

LEED certified or targeting LEED

certification, approximately 23% of

our total portfolio (value based on

cost at pro-rata).

RENEWABLE ENERGY

Forest City is able to address

some of its communities most

pressing environmental challenges

by developing, owning and hosting

renewable energy facilities. When

possible, we look to produce

renewable energy on our properties,

thereby reducing our environmental

footprint, providing a stable power

source and securing long-term

utility pricing for our properties and

communities.

We have seven established solarand biomass projects in Ohio,

Hawaii and New York.

Energy

Intensity

0.112

0.118

Energy Cost$58,267,419

$60,801,220*


Note: Our comparable energy portfolio includes facilities where we have maintained energy data for two

consecutive years. We track energy use by billable square footage to determine building energy intensity.

E N E R G Y & S U S T A I N A B I L I T Y A T F O R E S T C I T Y

ENERGY IMPACTS: INTENSITY & COST

million in energysavings since 2011


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Our operating renewable energy

installations produce a total of 6.2

megawatts of energy annually.

In 2012, Forest City became one of

Hawaiis largest solar developers

and owners with installation of the

Pearl City Peninsula solar energyfacility. We installed 4,300 solar

panels that are generating 1.2

MW of electricity on five acres of

a brownfield site. This is enough

electricity to power nearly 600

homes.

WATER MANAGEMENT

We implement water conservation

measures as part of property

improvements within our existing real

estate portfolio. New development

projects follow LEED certification

standards and realize a minimum of20% water efficiency over standard

systems. As we move forward, we are

commited to implementing better

water tracking systems.

WASTE & RECYCLING

Waste increases our costs, reduces

funds from our operations and

contributes to stress on natural

resources. During construction, we

work to minimize waste and require our

contractors to use best practices for

minimizing Construction and Demolition

(C&D) waste. With renovation projects,

we re-use as much of the existing

structure as possible to minimize waste

and the need for new materials.

For our operating properties, we

work with local vendors and municipal

operators to provide recycling and,

in some cases, composting facilities.

Currently, we track waste and recycling

for our retail projects only.

WASTE & WASTE DIVERSI ON

Total Waste

19,083.80

21,376.80

19,039.10

Waste

Diversion

3,492.10

3,789.40

3,146.70

PercentageRecycled

Waste

18.30%

17.73%

16.53%

TOTAL*2012 2011 2010

Note: Our waste data only includes properties where we manage and track waste on a year-over-year basis.

*Waste and recycling data is currently only tracked for our retail properties.

*In 2012, three properties were sold and their data is not included.


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O U R C O M M I T M E N T T O O U R C O M M U N I T I E S

We support and promote both cor porate and individual civicinvolvement in our communities through our investment of

capital, spirit and personal effort for the benefit of the residents

and our associates. We give back to all of the communities where

we live and work. Community service is core to our culture.Linda Kane , Se nio r Vi ce Pres ide nt, Treasu rer

Forest City has a legacy of community

involvement in and contributions

to our core markets and local

communities. We demonstrate

this commitment through our

contributions, responsible real estate

development, a focus on urban centers

and urban revitalization, attention

to adaptive reuse and brownfield

projects, associate and corporate

volunteerism, affordable housing,

local partnerships and thoughtful

community investments.

COMMUNITY ENGAGEMENT

& INVESTMENT

Community involvement is a core

value at Forest City and we take thisvalue to heart as an organization

and as individuals. Our company is

inherently linked with our communities

in a shared future, so we invest

philanthropically and responsibly in

them. As an enterprise, we engage

with local groups during project

development, and each year our

associates contribute their time and

treasure to the communities where

we live and work. We see returns for

our involvement in our social license

to operate, acceptance within our core

market areas, and in the popularity and

leasing of our development projects.

HIGHLIGHTS OF OUR

PHILANTHROPIC CONTRIBUTIONS

Eight percent of all charitable

contributions go to multicultural

organizations.

Forest City associates donated

their time, talent and treasure

to help their colleagues,

neighborhoods and cities fight

back from the devastation of

Super Storm Sandy. Corporate-

wide, cash and goods donations

totaled nearly $190,000.

Forest City is an active contributor

to the United Way. Last years

United Way campaign collected

close to $1 million, including

contributions totaling $634,500

from 647 associates.


16/19

COMMUNITY PARTNERSHIPS

& MARKET LEADERSHIP

Forest City is a leader in the real

estate industry and a leader in

community development. As part of

our commitment to the communities

we serve, Forest City participatesactively in local and national indu stry

organizations and community

development organizations, such as

the International Council of Shopping

Centers, the Urban Land Institute,

the National Association of Real Estate

Investment Trusts, the Institute of Real

Estate Management, the U.S. Green

Building Council, the Real Estate

Roundtable and the National Multi

Housing Council.

TOTAL PHILANT HROPIC GIVING

Key Contribution

Area

Donation

Health & Welfare 38.6%

Education 20.9%

Culture & Arts 19.9%

Economic

Development12.4%

Civic 7.9%

Other 0.3%

One of our largest and most successful commitments is Forest Citys

Community Day, an annual enterprise-wide project that began in

2004. Last May, more than 1,200 Forest City associates, representing

45.5% of all associates natio nwide, participated in Community Day.

More than 90 Forest City locations collaborated with more than 60

agencies and charitable organizations to provide critically needed

services. We encourage associate participation by of fering a paid day

to volunteer. In 2012, that added up to 7,410 hours of community

service in just one day.

of all charitablecontributions goto multiculturalorganizations

COMMUNITY DAY


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O U R P R O P E R T I E S

At Forest City, our properties are our

calling card. We are proud to highlight

three of our strategically designed and

responsibly built mixed-use projects and

their accomplishments. Each project is in

a different stage of development, and our

goals and achievements reect only some

of our many successes to date.

STAPLETON, A SUSTAINABLE

COMMUNITY

Stapleton is a sustainable mixed-

use and adaptive reuse project that

combines a residential community,

one of the largest urban infill projects

in the United States, offices, shopping

districts, schools and parks. The

community includes over 4,700

homes, more than 2 million square

feet of retail, an 80-acre central park,

and hundreds of miles of trails andbike paths to promote healthy and

active living. Stapleton was designed

with a purpose and for a purpose.

ATLANTIC YARDS LAND USE

DEVELOPMENT & CIVIC PROJECT

The $4.9-billion Atlantic Yards project

is one of the most important public/

private development initiatives in New

York City today. This groundbreaking

27-acre, mixed-use project will create

a vibrant, sustainable 24/7 destination

featuring a new home for the Brooklyn

Nets, office space, housing, open

space and substantial community

benefits. Situated in the heart ofdowntown Brooklyn, the project will

span more than seven city blocks. To

help meet the Citys need for housing,

Atlantic Yards will create more than

6,400 mixed-income residentialunits; 2,250 of the rental units will

be designated for low- and middle-

income families. The plan also includes

247,000 square feet of retail and eight

acres of public open space.

THE YARDS RETAIL & MIXEDUSE

RIVER FRONT DEVELOPMENT

The Yards, located on the Anacostia

River within the District of Columbia, isa perfect example of corporate social

responsibility at work. As mixed-use

space, this beautiful adaptive reuse

project replaces unused space in the

city and contributes to the sustainableurban development in our nations

capital. The site is roughly 42 acres

and at full build out will incorporate 5.5

million square feet of development in

new residential units, 400,000 square

feet of retail space, 1.8 million square

feet of office space and a 5.5 acre

riverfront park. The Yards addresses

social, economic and environmental

concerns and embodies corporatesocial responsibility and responsible

development.


18/19

GOAL SELECTED ACCOMPLISHMENTS

Stapleton The Yards Atlantic Yards

Use responsible

development

practices.

Browneld project. Reused six million

tons of crushed concrete to create

Staplestone throughout the development

and as road base throughout Colorado.

Adaptive reuse project.

Use Low Impact Development tree pits and

permeable sidewalk grouting construction to

irrigate the projects streetscape.

Adaptive reuse and browneld project.

LEED ND certied.

Maintain and

develop the culture

of a community.

Construction and management of four public

pools; Central Park, Denvers 3rd largest park

opened in 2007; ve additional wildlife parks;

a dog park; large public recreation center.

In 2012, 30% of Stapletons new home sales

came from current residents, those moving to

higher priced homes or residents downsizing asthey transition to new life cycles.

The Yards Park is a 5.5-acre riverfront park;

multiple programmable spaces which host

dozens of festivals, concerts and special

events on a seasonal basis.

Forest City signed a historic, legally binding

Community Benets Agreement to ensure

signicant, on-going participation in the

project by community stakeholders.

Nearly a quarter of Atlantic Yards contracts

have been awarded to minority- and women-

owned businesses.

Encourage use

of public transit,

biking and

walking.

Stapleton currently has 15 RTD bus routes

and 25 miles of walking and biking paths.

Developed close to public transportation and

includes sidewalks to promote healthy living

and sustainable lifestyles.

The property is next to the citys major mass

transportation hub. There are plans for

expansion and upgrade to MTA/Long Island

Rail Roads (LIRR) Vanderbilt Yard and new

transit connections.

Use a sustainable

building design.

All homes in Stapleton meet or exceed

ENERGY STAR standards.

Stapleton won the New Town Builders,

Green Builder Magazine 2012 Home of

the Year award for Best Production House.

The Yards development has received

LEED Gold certication for Neighborhood

Development for sustainable developmentpractices.

All of the buildings in Atlantic Yards,

including the arena, will endeavor to

achieve LEED certication with a goalof LEED Silver.

Contribute to the

local economy.

Includes over 4,700 homes and more than

2 million square feet of retail. Stapleton is now

the 9th fastest selling planned development

in the United States.

The Yards features groundbreaking social

inclusion initiatives, including Building 74,

which serves as a small business and workforce

development incubator, and the Pilot Mentor/

Protg Program, which increases employment

of local residents and helps construction

industry entrepreneurs prepare for business

expansion.

Atlantic Yards will generate over $5.6 billion

in new tax revenues over the next 30 years.

The project will also create 15,000 union

construction jobs, up to 6,400 permanent

ofce jobs, as well as arena, retail and

residential jobs.


19/19

FSC LOGO

Forest City Enterprises

Corporate Headquarters

1100 Terminal Tower50 Public Square

Cleveland, OH 44113-2203

My family immigrated to the United States in 1920, and we havepersonally seen the great things that are possible when people of

different backgrounds, experiences and ethnicities work together for

the greater good. We are working every day to build a more inclusive

culture. Its the right thing to do for our souls, and its the right thing

to do for our business.Chuck Ratne r, Chair man of the Board

For more information on Forest Citys Corporate Social Responsibility efforts,

please contact the Energy and Sustainability department at [email protected].

Documents

2012 Forest City CSR BuiltOnPurpose_SummaryReport2012