Forest City Included in MSCI’s Global Sustainability Index Series for 2015
CLEVELAND, Ohio, July 23, 2015 /3BL Media/ – Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) announced that the company has been included in MSCI’s Global Sustainability Index Series for 2015. The indexes, which are updated every year, target the highest environmental, social and governance-rated companies making up 50 percent of the adjusted market capitalization relative to industry peers.
“Forest City is committed to our core value of Sustainability and Stewardship because of the benefits we are able to deliver for all of our stakeholders, including our residents, tenants, communities, associates and investors,” said David J. LaRue, president and chief executive officer. “Our ability to put this commitment into action by developing and managing distinctive and high-performing apartment, retail and office properties has been a hallmark of our organization for decades. Through our efforts to provide enhanced corporate responsibility reporting, we hope to continue demonstrating the value and positive impact our talented associates are able to create on a daily basis.”
The company was added to the index series by MSCI ESG Research, which provides ratings, analysis, and research on company environmental, social and governance performance. MSCI ESG Research products and services are used by institutional investors and asset managers to integrate ESG factors into their investment processes. Their clients include asset owners, asset managers, advisors, government and non-government organizations, sovereign wealth funds and consultants.
Forest City’s portfolio of properties includes nine ENERGY STAR certified properties, four of which took advantage of the U.S. Environmental Protection Agency’s new multifamily certification program launched in September 2014. In addition, the company owns and manages 20 properties that are LEED (Leadership in Energy and Environmental Design) certified by the U.S. Green Building Council, which includes the majority of the new properties the company has developed over the past several years. The company also recently received two awards for ENERGY STAR certified homes at developments in Denver and Stratford, Conn.
MSCI is a leading provider of investment decision support tools to around 8,000 clients worldwide, ranging from large pension plans to boutique hedge funds. The company offers a range of products and services – including indexes, portfolio risk and performance analytics, and governance tools. Located in 24 countries around the world, and with over 3,000 employees, MSCI is dedicated to supporting the increasingly complex needs of the investment community with groundbreaking new products, high quality data, superior distribution and dedicated client support. For more information, please visit www.msci.com.
About Forest City
Forest City Enterprises, Inc. is an NYSE-listed national real estate company with $8.8 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 publically reports its sustainability goals and performance, along with a wide range of other metrics and activities, annually in a Corporate Social Responsibility report, available at http://csr.forestcity.net.