Corporate Responsibility Report 2011-2012 Gazit-Globe Table of CONTENTS

CORPORATE RESPONSIBILITY REPORT 2011-2012 Gazit-Globe Table of CONTENTS A Message From Our President 88Section 5 About This Report Section 3 Environmental Labor Practices Performance & Human Rights Section 1 60 About Gazit-Globe Green Building Labor Practices Conservation & Recycling HR Programs Energy Introduction Recruitment Energy conservation Our Vision Job Training and Career Global Presence Development Water Binding Values Performance Reviews Emissions Sewage & Waste Code of Conduct & Ethics Transitioning to Retirement Global Compact Diversity and Equal 8 Maala Opportunity FTSE4GOOD Index Green Building Human Rights Corporate Governance Global Compact Board of Directors Forced and Section 4 Directors Section 2 Compulsory Labor 74 Social Performance Executive Management Economic Performance Child Labor Compensation of Senior Employees 48 Freedom of Association Stakeholders Benefiting the community Direct Economic Value Shareholders Support the community Board of Directors Indirect Economic Influence Customer satisfaction Subsidiaries Community – Charitable Investment Employees Anti-Corruption Financial Implications & Risks Customers: Tenants and Consumers Risk management and Opportunities Due to Suppliers Climate Change Anti-competitive behavior Regulatory Authorities 126Section 6 Health and safety Analysts & Institutional Investors Global Reporting Media Initative (GRI) Community Environment Information Membership in Associations 2 > Gazit-Globe Corporate Responsibility Report 2011-2012 Gazit-Globe Corporate Responsibility Report 2011-2012 < 3 A Message From Our PRESIDENT Dear Stakeholder, responsibility to uphold social and environmental, as well as corporate, Millions of consumers shop at our centers, which are located mostly in high-density standards in all of our operations. urban areas. While more people use - and are linked by - electronic devices and social We are proud to present Gazit-Globe’s The Corporate Responsibility policies Corporate Responsibility report for media than ever before, there is still a deep need to connect in person. Our shopping and ethical standards that we have put 2011-2012. in place over the past several years aid centers play an important role in building that connection and facilitating that sense of In this report, we demonstrate how our us in evaluating our day to day activities community. Corporate Responsibility policies and and complying with the increasingly activities are intertwined with our three- stringent laws and regulations of our pillared strategy of urbanization, quality industry. More and more, our strategies certification standards, particularly and personal lives is very important to manner is important to us. It not only and growth. and management practices, as well as in Canada, Brazil and the Nordic us. That is why we are dedicated to allows us to measure our progress in how we work in the field, are guided countries. providing them with competitive pay these important areas, but to share Gazit-Globe is fortunate to be engaged and shaped by the principles of the and benefits, solid training, educational with you, our stakeholders and the in a business that impacts communities Not only does our strategy of UN’s Global Compact initiative which growth and opportunities for career community at large, our commitment around the world. Millions of consumers urbanization (i.e. developing properties we adopted several years ago. Global advancement worldwide. We also to proper corporate governance and shop at our centers, which are located in city centers) reduce energy Compact is a strategic policy initiative regard the health and safety of our business ethics. These reports are mostly in high-density urban areas. consumption by lowering automobile employees, tenants and customers also meant to foster a dialogue with for businesses that are committed to use, our centers, with their broad array While more people use - and are linked with the utmost importance and take our stakeholders, and we welcome aligning their operations and strategies of shopping possibilities, eateries, and by - electronic devices and social measures to ensure conformity with your feedback. with ten universally accepted principles conveniences, such as post offices, media than ever before, there is still a industry standards. in the areas of human rights, labor, also act as “one stop shops” for Like our careful development of a deep need to connect in person. Our environment and anti-corruption. We consumers. Our consumers reduce Above and beyond our business property, we are steadily building shopping centers play an important are committed to this initiative and are their travel, and thus emissions and activities, we believe that it is a and refining Gazit-Globe’s corporate role in building that connection and proud of our behavior as a result of our energy use and enjoy their time while fundamental duty to contribute to the culture into a paradigm of Corporate facilitating that sense of community. alignment with the Global Compact’s doing so. community. During the past several Responsibility. We are propelled by a Our assets serve as central places for principles. years, we have steadily expanded our sense of duty to our stakeholders, by our families to spend quality time together Our Corporate Responsibility support for numerous educational and growing role in the global community, and for friends to meet. Not only do During the past two years we have activities are focused inward as social initiatives. In 2011 and 2012, and by our firm commitment to act as we invest great effort in making them made important strides. Our focus well. Our employees are our most we donated over NIS 11 million ($3.1 a model corporate citizen. safe and inviting, we continually offer on both quality and the environment important asset, and one of the million) to educational programs that new and technologically advanced have accelerated our implementation basic fundamentals of our Code of promote academic excellence, as well amenities, which you will learn more of green building practices and led Business Conduct is to treat them Roni Soffer as to various charitable organizations. about in this report. Because our us to upgrade our development and fairly. Their satisfaction with their jobs, President properties are such vital communal redevelopment activities to LEED® employment terms, work conditions Reporting our Corporate Responsibility spaces, we feel an extra sense of (Leadership in Energy and Design) and the balance between their work activities to you in a transparent 4 > Gazit-Globe Corporate Responsibility Report 2011-2012 Gazit-Globe Corporate Responsibility Report 2011-2012 < 5 About This Human Rights Businesses should The Global support and respect the protection of internationally proclaimed human rights; REPORT Compact and make sure that they are not complicit in human rights abuses. This report covers our Corporate that comprises management and information from our Israeli privately The Global Compact is an initiative Responsibility activities during 2011- external advisors. This committee held subsidiary, Gazit Globe Israel developed by the UN aiming to mobilize Labor Businesses should uphold the freedom of association 2012 and follows our previous helped us determine the appropriate (Development) Ltd. Their operations the international business community for and the effective recognition of the right to reports for the years 2009-2010 content, scope and structure of this reflect our values and our commitment the adoption in their business practices collective bargaining; and 2007-2008. In this report, we report, and in general assists us in to promote and implement Corporate of internationally accepted values which describe our business approach engaging in Corporate Responsibility Responsibility. All data compiled by are represented in 10 fundamental and our operations, and how they best practices. our subsidiaries regarding economic, principles in the areas of Human Rights, the elimination of all forms of forced and compulsory affect the communities that we environmental, human resources Labor Standards, Environment and labor; serve and in which we operate, the In producing this document, we have and other metrics was formulated Anti-Corruption. Gazit-Globe has been environment, our employees and other utilized the G3.1 Global Reporting in accordance with Best Practices. a signatory of the Global Compact stakeholders, as well the economy, in Initiative (“GRI”) reporting standard, In this report, Equity One and First since 2010. the effective abolition of general. This report is an important a widely-accepted and inclusive Capital Realty are often referred to as child labor; and tool in our continuing efforts to reporting framework that has also “EQY” and “FCR”, respectively. communicate with our stakeholders, been adopted by our subsidiaries, to Selected data from the following and it reflects our policy of maintaining promote transparency and adherence reports of our subsidiaries were the elimination of discrimination in respect a high level of transparency. to internationally accepted standards. included in this report: of employment and We also highlight our participation occupation. In describing our relationship with and leadership in other initiatives that Equity One: 2012 Corporate various stakeholder groups, this promote Corporate Responsibility Responsibility and Sustainability Environment Businesses should report sheds light on who is impacted around the globe. Report support a precautionary

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