Forest City second in “Most Improved Corporate Citizens” Ranking by Corporate Responsibility Magazine
CLEVELAND, Ohio, January 7, 2015 /3BL Media/ – Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) ranked second among “Most Improved Corporate Citizens” in a recently published annual survey by Corporate Responsibility Magazine. The rankings, which appear in the magazine’s November/December 2014 issue, measure the corporate responsibility (CR) performance of each company in the Russell 1000, based on 298 publicly available data points related to CR. Forest City moved up 500 places in the 2014 rankings to finish at 320 among the 1000 companies surveyed.
“It’s gratifying that our ongoing commitment to corporate responsibility is being acknowledged,” said Jon Ratner, Forest City vice president of sustainability initiatives. “Sustainability and stewardship are core values for Forest City, and our commitment to transparency and improved CR performance are a direct extension of those core values.”
Jill Ziegler, director of sustainability and corporate responsibility, added, “Over the past several years, we have significantly increased our external CR reporting, including adopting Global Reporting Initiative standards for our industry. There is more work to be done, but we’re pleased and honored to see our progress to date recognized in this way.”
In introducing the rankings, the magazine noted, “This year, we decided to look at the companies that jumped the most number of places. That would show a new openness and willingness to be held accountable, and thus a new (or renewed) commitment to CR, sustainability and shared value. We felt it would be valuable to highlight and congratulate those companies that moved the fastest.”
About Forest City
Forest City Enterprises, Inc. is an NYSE-listed national real estate company with $8.2 billion in total 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. The company annually reports its sustainability goals and performance, along with a wide range of other metrics and activities, in a Corporate Social Responsibility report, available at http://csr.forestcity.net.
Contacts: Jill Ziegler, Director of Sustainability and Corporate Responsibility, 216-621-6060, jillziegler@forestcity.net, or Jeff Linton, Senior Vice President, Corporate Communications and Community Relations, 216-621-6060, jefflinton@forestcity.net.
