Posts Tagged ‘climate risk’
Exploring ESG and its Evolving Influence on the Commercial Real Estate Industry
Introduction to ESG & Sustainability We’ve all heard the buzz-term “ESG,” but what is it, why is it important, and how can firms and funds approach integrating it? In this article, we aim to explain some of these outstanding questions, and how ESG can be accretive to value. Environmental, Social, and Governance (ESG) factors provide…
Read MoreHow physical climate risk can impact the value of your real estate assets
Understanding physical climate risk is crucial to make the transition towards a sustainable and resilient infrastructure for your assets. We spoke to Phil Fieldhouse, a Senior Sustainability Consultant at EVORA Global, to gain insight into how physical climate risk impacts asset value and what actions real estate players can take to safeguard their investments in the long…
Read MoreDecoding the TCFD framework: climate action in UK real estate investment trusts
In the UK, the Taskforce for Climate-related Financial Disclosures will spur Real Estate Investment Trusts to set and meet new climate-related benchmarks for climate action. The TCFD framework marks a significant step forward for increased transparency, accountability, and resilience in real assets. What is the TCFD framework? And why does it matter? In the current…
Read MoreEVORA Insights New York Roundtable
In September, together with Tishman Speyer, we co-hosted a Roundtable lunch and discussion at the Rainbow Room in the Rockefeller Center. The food and the view were fantastic! It was an invite-only affair for eight real estate investors and investment managers. The topic of conversation was climate risk and how it can effectively be integrated…
Read MoreA brief history of materiality and ESG at the SEC
It is interesting reading the comments [1] to the proposed ruling by the US Securities and Exchange Commission (SEC) on The Enhancement and Standardization of Climate-Related Disclosures for Investors [2]. Points raised are diverse, but broadly fall within one of two camps; those vehemently opposed to the ruling, and those in support (often calling for…
Read MoreWill TCFD prepare organisations for the climate crisis?
Yanna Badet, Meghan Johnson, Phil Fieldhouse, Karolina Krzystek-De Ranter and Lisa Tassis Climate Change is hard to ignore this summer: Europe is battling heatwaves and wildfires, over 60% is in drought conditions while other parts of the world are experiencing several 1000-year floods within months. We are in a climate crisis, and we are feeling…
Read MoreIt’s getting hot in here! Heat risk to buildings
The recent heatwave in Canada has brought into focus the real and present dangers of extreme weather conditions. Record temperatures in British Columbia, reaching as high as 49.6°C, resulted in hundreds of excess deaths and heat-related hospital visits. As early analysis shows the heatwave would have been ‘virtually impossible’ without human-caused climate change, we know…
Read MoreForward-looking ESG data
To integrate climate risk and sustainability into financial decisions, we need to standardise metrics, improve data quality and ensure that it is forward-looking as well as measuring past performance. For climate risk, this is an essential part of the TCFD Recommendations for integrating climate risk as an investment risk. Climate risk is divided into three…
Read MorePhysical Climate Risk Assessment
EVORA’s Climate Resilience team has been advising clients on physical, transition and litigation risks associated with climate change – and how these affect the resilience of financial investments. To this end, the EVORA team has been evaluating which specialist data analysis partner to work with. The majority of data services available today are focused on…
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