PERE Sustainability Circle: Climate impacts on real estate portfolios

Webinar overview

View the slides here: Quantifying Climate Risk in Real Estate

  • Over the past five years there’s been a keen focus on physical risk. Are assets exposed to flooding, hurricanes… how might that impact our portfolio? So we’ve assessed the energy transition of our assets, but also the physical risks that could make them less desirable over time.”
  • I do think valuators are struggling a little bit. A lot of the valuators that I talk to haven’t made the transition into using the CRREM tool or even looking at physical climate hazards. They’re stuck with the cyclical downturn in the market
  • It’s part of the acquisition process to screen whether the asset is vulnerable, if there are mitigations in place. And if not, what would be the capital needed to protect that asset? What would be the insurance cost?”
  • Investors are now using the CRREM analysis to evaluate their assets, with 20% of global commercial real estate covered by the analysis.

 

Access

Network members

Format

Q&A, interactive discussion

Publicity

On the record

Expert Insights

Join an experienced panel of leaders and innovators who have been briefed to pick the topic apart and put it back together again. You can submit your questions in advance to and also throw your questions to the webinar leaders live on the day.
Your expert faculty includes:

Laura Craft

Speaker

Laura Craft

Global Head of Portfolio Sustainability Strategies

Heitman

PGIM-Townsend-1

Speaker

Julie Townsend

ESG Lead for Europe and Asia Pacific

PGIM

hans-vrensen-aew-165x215

Speaker

Hans Vrensen

European Head of Research and Strategy

AEW

Julia Wein 1

Speaker

Julia Wein

Project Lead

CRREM

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This webinar has already run. You can find the recording at the top of the page.