2016 CORPORATE RESPONSIBILITY REPORTSUSTAINABLE GROWTH2016 CORPORATE RESPONSIBILITY REPORT<img alt="" src="/SiteCollectionImages/CSR/corporate_responsibility_governance.jpg" style="BORDER:0px solid;" />

 

 

Sustainable Growth > Corporate Responsibility Governance<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>Corporate Responsibility Governance</h1><h2>Office of the CEO, Board & Associates</h2><div>In early 2016, Forest City completed conversion to a real estate investment trust (REIT), marking an important milestone in the company’s ongoing transformation from a company known primarily as a real estate developer to one with a balanced focus on owning, operating and developing high-quality properties in core urban markets.</div><div>We believe the REIT structure supports our strategic direction as a company and enhances our ability to create value for all stakeholders, including our residents, customers, partners, associates, investors and communities. We are excited about this new chapter in Forest City’s history and look forward to leveraging our strength in creating transformational real estate and dynamic, mixed-use communities.</div><div>In recent years, we have seen a marked increase in sustainability awareness among our stakeholders. Forest City partners and investors are increasingly interested in our performance and management of key ESG topics.</div><div>In response, we have strategically enhanced our internal and external approach to CR activities. As a result, in 2015, Forest City’s executive leadership identified CR as a critical topic for the long-term success of the company. One way in which we are improving our sustainability performance is through enhanced internal transparency with Forest City executives and the Board of Directors.</div><div>Moving forward, our CR team will report their activities and progress directly to the Office of the CEO. We plan to expand the sustainability team’s interactions with the Board of Directors over the next few years. These new internal processes will foster integrated CR strategies that contribute to reduced long-term risk and improved top-line growth. </div></div></div></div>Corporate Responsibility GovernanceSustainable Growth > Corporate Responsibility Governance