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Forest City Expands Non-Discrimination Policies to Include Gender Identity and Expression

DECEMBER 2014: Following a productive dialogue between Trillium Asset Management and real estate developer, Forest City (NYSE: FCE.A) on the issue of workplace protections, Forest City amended its Equal Employment Opportunity policy to include gender identity and gender expression as protected categories.
They company’s policy on now states:
Forest City is committed in policy and practice to providing equal employment opportunities for all applicants and associates, based upon their training, experience and overall qualifications. Consistent with this commitment, discrimination against an applicant or associate based upon the individual’s race, color, creed, religion, sex, gender, age, national origin, ancestry, citizenship status, marital or familial status, sexual orientation, gender identity, gender expression, disability, military status, protected veteran status, genetic information, or any other condition or characteristic protected by law is strictly prohibited.
Despite the growing acceptance of allowing same-sex marriage in the U.S., LGBT workers still face legal uncertainty when it comes to workplace discrimination. The White House Executive Order 13672, signed in August 2014, will offer gender identity and gender expression protections to federal contractors, however, there are no federal laws expressly prohibiting discrimination based on sexual orientation or gender identity in the workplace. Additionally, state and local laws are not comprehensive or consistent with respect to prohibiting employment discrimination.
By developing a consistent corporate-wide policy Forest City enhances its efforts to prevent discrimination, and hire and retain the best talent. Trillium commends the Company for joining the growing ranks of companies guaranteeing equal opportunity for all employees. Forest City is well-positioned to strengthen its competitive edge.


IMPORTANT DISCLOSURE: The views expressed are those of the authors and Trillium Asset Management, LLC as of the date referenced and are subject to change at any time based on market or other conditions. These views are not intended to be a forecast of future events or a guarantee of future results. These views may not be relied upon as investment advice. The information provided in this material should not be considered a recommendation to buy or sell any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. To the extent specific securities are mentioned, they have been selected by the authors on an objective basis to illustrate views expressed in the commentary and do not represent all of the securities purchased, sold or recommended for advisory clients. The information contained herein has been prepared from sources believed reliable but is not guaranteed by us as to its timeliness or accuracy, and is not a complete summary or statement of all available data. This piece is for informational purposes and should not be construed as a research report.