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With the built environment contributing around 37%1 of global carbon emissions in 2022, it is clear that without effective transition risk management both the communities in which buildings can thrive and the $11.12 trillion investment industry that builds and maintains them is at stake.
This is also about just transition for our cities and ensuring that addressing climate risks also drives social change.
The proper integration of transition risks holds the key to galvanising action on decarbonisation – of the asset itself and its interdependent infrastructure. At present, transition risks, such as the cost of decarbonisation and additional resources needs, are known to be impacting the value of property, while not captured in real estate valuations.
Read more in the full pdf 'Transition Risk Assessment Guidelines' from ULI - C Change.
