2016 CORPORATE RESPONSIBILITY REPORTFOCUSED PLACEMAKING2016 CORPORATE RESPONSIBILITY REPORT<img alt="" src="/SiteCollectionImages/CSR/greenbuilding_development.jpg" style="BORDER:0px solid;" />

 

 

Focused Placemaking > Green Building Development<div class="restrictInterior generalContent"><div class="ms-rtestate-read ms-rte-embedcode ms-rte-embedil ms-rtestate-notify"><div class="restrictInterior generalContent" unselectable="on"><h1 unselectable="on">Building Lifecycle: Sustainable Development<br></h1><div unselectable="on">Forest City creates great places and experiences. We believe that successful placemaking requires us to be different—to listen more, think harder, deliver better and foster stronger partnerships—with communities, residents, civic leaders and partners. The result is a portfolio and pipeline of apartments, office buildings and mixed-use neighborhoods in dynamic U.S. cities that are innovative, connected and authentic. Because we are actively engaged in each project and property, we see unique opportunities, leverage our world-class capabilities and provide superior service.</div><div unselectable="on">Forest City primarily develops buildings that we plan to manage long term. We align our lifecycle approach with our core markets’ long-term sustainability and economic development goals to ensure our properties’ continued vitality. Through our thoughtful, integrated approach to building design and management, we contribute to the resiliency of urban areas facing the impact of climate change and fewer natural resources.</div><h2 unselectable="on">Green Building Development</h2><div unselectable="on">Forest City creates thriving, mixed-use developments that enhance the sustainability efforts of our core markets. The decisions we make today in designing our properties help ensure sustainable value for Forest City, as well as the communities where we do business. We support the sustainability goals of our core markets through an active and thoughtful approach to each development project. This approach sets us apart in creating shared value for Forest City and our communities.</div><div unselectable="on">We develop in dense, urban areas where the built environment contributes a large proportion of the GHG emissions of major cities. In addition, there is significant demand within our core markets for greater access to affordable housing, public transportation, public green space and local and diverse employment opportunities. Many of our core markets have stated public goals aimed at addressing these issues over the next several years. For this reason, Forest City creates thriving urban centers and properties within our markets that provide key amenities near the places where people live and work. In addition, through our continued focus on green building standards such as LEED and ENERGY STAR, we help contribute to a lower carbon footprint for our markets. Reinforcing Forest City’s commitment to sustainable development are several significant goals:</div><ul unselectable="on"><li unselectable="on">Achieve a 35 percent baseline improvement for all new construction compared to the Energy Policy Acts of 1991 and 2005 minimum flow and flush performance standards</li><li unselectable="on">Achieve water savings of 25 percent beyond accepted industry standards for our landscaping irrigation systems</li><li unselectable="on">Divert 75 percent of construction and demolition waste and 100 percent of land clearing debris and excavated soil from landfills (all Forest City contractors are required to develop waste management plans and track their progress during each new construction development)</li><li unselectable="on">Design new properties to accommodate recycling glass, metal, plastic, paper and cardboard generated during operation</li><li unselectable="on">Specify ENERGY STAR products in all new development and construction projects</li><li unselectable="on">Design new properties to comply with our internal Design Standards, which align with LEED Silver certification, at a minimum</li></ul> <strong unselectable="on">Highlights include:</strong> <ul unselectable="on"><li unselectable="on">Green Building Certifications: In 2016, 11 buildings under development (totaling nearly four million square feet) were targeting LEED certification, equivalent to more than 92 percent of total new construction square footage. As an urban mixed-use developer, we maintain a strong focus on frameworks such as LEED. We seek to strike a balance between fulfilling our public partners’ needs, meeting our internal sustainability targets and delivering a great experience for all users of the property. However, pursuing our sustainability goals does not always require obtaining specific green building certifications.</li><li unselectable="on">Healthy Buildings: All of Forest City’s new properties require tenant health and safety design components. These features can include air filtration systems, increased daylighting in tenant areas, fitness centers and easy access to green space. We enforce smoke-free policies throughout our buildings and work with vendors to ensure our paint, janitorial supplies, pest control processes and other factors that affect indoor air quality comply with LEED standards.</li><li unselectable="on">Sustainable Design Standards: Our Development Design Standards are rooted in LEED specifications, yet customized to provide us with flexibility to accommodate the unique nature of our mixed-use developments, adaptive reuse projects and diverse property types. In 2016, our IDS team made significant revisions, including the addition of new guidelines regarding construction materials and unit design that support LEED certification.</li><li unselectable="on">Innovative Technologies: Integrating new and efficient technologies across our portfolio helps minimize Forest City’s operating and maintenance costs and lowers our buildings’impacts on the surrounding environment. In addition, many of the new building systems we incorporate enable residents and tenants to have greater comfort and control within their spaces, including in-unit smart thermostats, Wi-Fi/cellular integration and electric vehicle charging stations.</li></ul></div></div></div>Building Lifecycle: Sustainable DevelopmentFocused Placemaking > Green Building Development