Forest City Enterprises
|20%Reduction in Energy Intensity||5%Cumulative (vs. Baseline)|
Forest City Enterprises is a national real estate company engaged in the ownership, development, management, and acquisition of commercial and residential real estate and land throughout the United States. With more than $10 billion in total assets, Forest City Enterprise's diverse portfolio includes retail, office, conventional housing, and federally-assisted housing buildings and the company is an industry leader in mixed-used communities, adaptive reuse projects, and sustainable properties. Forest City Enterprises' energy and sustainability strategy is anchored in many of its historic core business practices, including affordable housing, urban infill and redevelopment, historic preservation and adaptive reuse, community engagement and citizenship, public/private partnerships and economic development and inclusion. Forest City integrates energy and sustainability strategy into core business practices by focusing on areas such as operating Portfolio Energy Management, renewable energy development, employee and tenant engagement, and sustainable design in new development.
"Sustainability is a core value for Forest City, and reducing energy consumption in our portfolio is not only the right thing to do, it also makes bottom-line sense," said David J. LaRue, Forest City president and chief executive officer. "The Better Buildings Challenge spotlights the importance of reducing energy consumption, while at the same time demonstrating the positive business case for doing so. We're pleased to partner with the U.S. Department of Energy on this innovative program." As a Better Buildings Challenge partner, Forest City Enterprises is committed to reducing energy consumption 20% by 2020 across 14 million square feet.