Climate risks and opportunities
Climate risk and transition opportunities are already impacting the way companies are run and how real estate assets are valued and financed. Rising temperatures, sea-levels, and an increase in extreme weather are just some of the physical risks that have begun to impact investment decisions. A hesitant and late response increases the exposure of assets and companies to regulatory, market and reputational pressures to become more resilient.
TCFD is becoming mandatory
Since 2017, the TCFD Recommendations help investors, asset managers, and advisors understand how climate risk may impact investment performance, how to de-risk, and recognise new opportunities for investment. Many governments are introducing obligatory climate-related financial disclosures – since 2022, TCFD-aligned reporting is required in the UK whilst the US SEC is consulting on introducing a similar mandate.
EVORA has expert knowledge of the TCFD framework and experience in assessing climate risks and opportunities for commercial Real Estate. Our interdisciplinary team guides our clients through the process of TCFD alignment, physical and transition climate risk and opportunity screening and assessment, and preparation of disclosure. Furthermore, with our in-house Net Zero Carbon experts, we offer full support with low-carbon transitions and achievement of goals in line with the science-based targets.