Forest City Retail Operations Honored with Cool Planet Award for Sustainability
CLEVELAND, Ohio, October 20, 2014 /3BL Media/ – Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced the company has been recognized with a 2014 Cool Planet Award for demonstrating exemplary leadership in energy and carbon management at three of its California retail properties: South Bay Galleria, Antelope Valley Mall and Promenade Temecula.
The Cool Planet Awards, presented by Southern California Edison (SCE) and managed by The Climate Registry, a non-profit organization, celebrate outstanding commitment to implementing energy efficiency projects, participating in demand response programs and establishing environmental and greenhouse gas emissions management systems.
“As part our dedication to our local communities and corporate social responsibility, Forest City is committed to effectively managing our energy, waste and carbon footprint across our nationwide portfolio” said Joyce Mihalik, vice president, Integrative Design Services for Forest City. “We are proud that our associates’ efforts in California, together with our continued partnership with Southern California Edison, are being recognized with this 2014 Cool Planet Award.”
At South Bay Galleria in Redondo Beach, energy efficiency measures resulted in a 20 percent energy reduction from 2010 to 2013. At Antelope Valley Mall in Palmdale, associates were able to reduce electricity consumption by 13 percent from 2010 through 2013. At Promenade Temecula in Temecula, Forest City associates upgraded the mall’s entire energy management system, allowing the operations team to implement energy saving control strategies and participate in SCE’s automated demand response program.
At the corporate level, Forest City has a dedicated Energy & Sustainability team responsible for energy management of all owned and operated properties, and all of its properties are incentivized to reduce energy consumption by two percent each year. A participant in the U.S. Department of Energy’s Better Buildings Challenge, Forest City publically reports its goals and achievements annually in a Corporate Social Responsibility report, available at http://csr.forestcity.net, and has committed to reducing overall energy consumption by 20 percent by 2020.
Together, the 2014 Cool Planet Award recipients have saved nearly 100 million kilowatt-hours since January 2010 through the implementation of various SCE energy efficiency projects. This is equivalent to removing the annual greenhouse gas emissions from over 14,000 passenger vehicles.
“While the nations of the world grapple with the challenges of global climate change, Cool Planet Award winners are taking meaningful action every day as they strive to make their organizations more energy efficient, cost effective and competitive,” said David Rosenheim, executive director of The Climate Registry.
About The Climate Registry
The Climate Registry (TCR) is a nonprofit collaboration between North American states, provinces, territories and Native Sovereign Nations. TCR empowers governments and businesses across the globe to operate more efficiently, sustainably and competitively by helping them measure and manage their carbon emissions consistently and with integrity. For more information, please visit www.theclimateregistry.org.
About Forest City
Forest City Enterprises, Inc. is an NYSE-listed national real estate company with $8.6 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.
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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.
