Reinforcing our Foundation2014 Corporate Social Responsibility Report
REINFORCING OUR FOUNDATION
ABOUT FOREST CITY
OPERATING STRUCTURE, GOVERNANCE AND ETHICS
KEEPING OUR ASSOCIATES, TENANTS & DATA SAFE
View our CSR reports from previous years.
CONNECTING WITH COMMUNITY
View our detailed GRI Index
Established in 2012 with the formation of WE LEAD (Women’s Excellence in Leadership, Education, Advancement and Development), associate resource groups (ARGs) were created to encourage an inclusive culture where diversity is celebrated. ARGs also generate tangible benefit for our organization by providing personal and professional development resources, education and engagement activities, increased opportunities for connectivity with tenants and communities and forums for collaboration and innovation between associates. Forest City currently has four ARGs:
ARGs continue to be increasingly active and dynamic at Forest City. In January 2014, AACEEL and WE LEAD hosted their first-ever Joint Open House and Membership Drive, where group members participated in a panel discussion to share programming, accomplishments and the value of ARGs. During the holiday season, AACCEL and Unidos partnered to collect more than 30 Christmas toy donations for University Settlement, a local neighborhood center that provides social services to the residents of the Broadway-Slavic Village neighborhood. Recognizing the power of teamwork, all four ARGs came together to raise awareness and funds for the American Heart Association and meet Forest City’s team goal of $3,000 for the organization’s Heart Walk.
According to the Workplace Research Foundation, engaged employees drive higher customer satisfaction, achieve above-average productivity and contribute to a more positive, innovative workplace. Forest City reinforces a culture of engagement by providing access to resources and tools that keep associates informed of opportunities for participation and growth. In addition to associate resource groups, MainStreet and Driving Forward are two tools available to all associates that encourage engagement at Forest City and help associates to meet their goals.
Our company intranet, MainStreet, is an interactive platform for managing professional development and sharing company news. The intranet includes capabilities for different departments and ARGs to create and maintain their own pages, blogs, videos and announcements, connecting associates with numerous engagement opportunities. For example, the IDS department leveraged MainStreet in 2014 to engage and educate associates around sustainability with the goal of fostering enterprise-wide knowledge on sustainable building development and operations. IDS created a MainStreet page and blog, Building Ideas, which received more than 3,000 views on its 18 blog posts. MainStreet also features news stories and resources to make associates more knowledgeable about our industry and core markets.
Driving Forward is a quarterly newsletter distributed to associates that provides updates on our Strategic Plan. The publication has designated sections to provide progress, best practices and goals related to our four Strategic Drivers and core values to inspire associates and empower them to take action. Associates are also invited to share case studies at companywide town hall meetings.
We believe recognizing associates for their hard work and advocating for them to recognize one another is a crucial element in fostering a culture of engagement. To this end, MainStreet features a Shout Out Board for associates to submit stories to congratulate and thank one another. These stories are also often shared companywide through our Driving Forward newsletter.
Diversity and Inclusion is one of our core values, and one that empowers our associates to generate positive change in our communities and workplace. A diversified workforce strengthens our capabilities for understanding our various stakeholders and delivering on their distinct needs. As such, we aspire to be industry leaders in our capacity to recruit and retain associates with different perspectives.
Forest City’s Diversity Statement acknowledges our commitment and aspiration as fundamental to the success of our organization and partners. In 2014, we revised the equal employment opportunity, anti-discrimination and anti-harassment policies in our Associate Guidebook to include gender identity and expression, added language discussing the prohibition of retaliation and expanded reporting mechanisms.
For the second consecutive year, Forest City made DiversityInc’s list of top 25 Noteworthy Companies for our advancement in areas of workforce diversity, CEO and leadership commitment and supplier diversity. In order to make the list, companies are evaluated on more than 180 factors including workforce culture and demographics, engagement, personal and professional development and leadership support. Forest City also had a recurring appearance on the Commission on Economic Inclusion’s “Commission 50” for our progress in creating, enhancing and sustaining our diversity and inclusion strategies.
Forest City is committed to the personal and professional development of our associates. In response to feedback from the 2014 FC Voices survey, we introduced an associate orientation page on MainStreet, our company-wide intranet, to welcome new hires and familiarize them with our company and culture.
For the second consecutive year, Forest City made DiversityInc’s list of top 25 Noteworthy Companies, while also repeating as a member of the Commission on Economic Inclusion’s “Commission 50” for our progress in creating, enhancing and sustaining our
diversity and inclusion strategies.
DESIGN AND CONSTRUCTION
Forest City is working toward managing the entire lifecycle of its properties, from development and construction through thoughtful, center-led processes and tools that ensure our design and construction and operational strategies are implemented. Across our portfolio, we use third-party certifications and reviews to increase accountability, validate our design and operations strategies and ensure we are producing and managing best-in-class buildings in alignment with emerging technologies. We build to LEED specifications, pursue the ENERGY STAR® label for our existing properties and seek BOMA 360 designation for sustainability accomplishments in building operations and management. These frameworks ensure we reduce our environmental impact and create healthy, quality spaces for our tenants. To help us track and communicate the impacts of our LEED certified and ENERGY STAR® portfolio, we began sharing our green building data through the Green Building Information Gateway portal. This U.S. Green Building Council product contains various portfolio-level dashboards to measure, compare and communicate our progress and performance.
Green Building Certifications
|LEED Certified||ENERGY STAR|
|# of Projects||18||8|
|Sq. Ft.||3.328 M*||803,214|
|*Excludes LEED for Homes and Neighborhood Development|