The Long-Term Impact of COVID-19 on the Global Real Estate Market
Whether we have lost someone close to us – my father passed away from COVID in April, or lost our job, or are worried about our health or the future; it’s difficult to imagine that anyone reading this article has been left untouched by COVID-19. Each of us has a unique experience in dealing with the pandemic and each of us has a unique view of the future. It’s our view of the future that shapes the actions we take now; our pessimistic side will counsel caution and the optimistic side will see opportunity.
COVID-19 and Commercial Energy: Realizing and Sustaining Savings
Most of the content generated the past few months has centered around the health issues with building capacities and COVID-19. One aspect that has gotten limited discussion is the reduction in energy usage and real-time data collection.
Post-COVID-19 reality check on Environmental, Social and Governance (ESG) performance
Prior to the COVID-19 outbreak, ESG topics were steadily making their way to the top of forward-thinking stakeholders’ agendas in commercial real estate. With the impact of the COVID-19 outbreak being felt across the sector and the world today, different views on how ESG performance would be prioritized in commercial real estate going forward in the immediate and the longer-term have been emerging
Returning to Work under Pandemic: Maximizing Peace of Mind, Minimizing Costs
The global spread of the novel coronavirus has dramatically altered the lives of nearly everyone in the world, with tens of millions infected and clusters breaking out in nearly every population center.
COVID-19 as a game changer – People. Planet. Profit.
At the beginning of the corona crisis, the markets have just experienced a significant shock. This is shown by many indices. However, the indices have not fallen quite as far as they did during the financial crisis of 2008 and are already on an upward trend again.
What next for sustainability – the post-pandemic corporate agenda
One key business lesson from the pandemic is the need for a radical upgrade of company assessment of social, political and environmental risks. Good ESG policies are an essential part of building this awareness.
Rethinking Occupant Health and Re-Entry Strategies During a Pandemic
Buildings and places – and how we use them – will be more important than ever in a post-pandemic world. Re-imagining and re-calibrating mix-used developments will be especially important in getting tenants, residents, shoppers and clients back to engaging meaningfully with their communities in safe and healthy environments.
The Forest and the Trees of the TCFD: Pairing Asset-Level and Strategic Resilience Assessments to Uncover Risks and Opportunities
In real estate, climate resilience is fast becoming an investment imperative. Losses in the sector due to climate-induced natural disasters are mounting and our customers are seeing financially material impacts to their portfolios. By 2070, $35 trillion in real estate assets will be at risk if the world does not change its current carbon emissions trajectory, according to the United Nations Framework Convention on Climate Change (UNFCCC).
Feedback on a data analysis script that enabled energy savings during Covid-19 lockdown
The health crisis caused by Covid-19 has affected the whole world, practically taking everybody by surprise. Following the announcement of the lockdown, non-essential stores along with numerous corporate offices had to close. Giulia Caputo, Data Scientist at Deepki, explains to us how she and her team were able to detect potential net savings of 123 000 € per week at more than 3 500 buildings courtesy of data analysis during this exceptional period.
Now Is The Time To Start Moving the Needle On Your TCFD Efforts, Here’s Why
Companies are recognizing the importance of assessing risks and planning for contingency. While many investors have historically looked at how an organization assesses and acts upon risk from a reactive standpoint, companies and investors are beginning to take a proactive approach by assessing and planning for risk through disclosures and strategic approaches. Now, more than ever, improving the quality of firms’ climate disclosures is critical to managing climate risks and opportunities in financial markets.
A quiet, financial revolution is going on around us that will have far-reaching effects on the real estate industry and beyond. It is already causing large changes in investment and management methods, as well as a wholesale review of corporate philosophy and policy throughout entire organisations. When we look back, we will see that it has forced a substantial reconsideration of real estate investment valuations, modelling, and benchmarking.
Around the world, governments, businesses, private developers and city planners and officials are spearheading a growing movement to make structures in vulnerable communities more resilient through improved preventative action
100 Resilient Cities defines urban resilience as ‘the capacity of individuals, communities, institutions, businesses, and systems within a city to survive, adapt, and grow no matter what kinds of chronic stresses and acute shocks they experience’. While this definition is set in the urban context, it is also applicable to suburban and rural areas. It is worth highlighting here that the key of resilience is not only to survive and adapt, but also to grow, regardless of the challenges experienced.
According to TCFD’s 2019 Status Report released in June 2019, there is a growing demand for decision-useful, climate-related financial information by investors. There are likely many factors driving investor demand, ranging from European regulations requiring certain investors to disclose climate-related information to weather-driven events resulting in significant financial impacts and leading investors to seek better […]
Planetary Health is Human Health is Economic Health
In the early days of sustainability, some argued, quite vehemently, that pushing too hard on environmental safeguards and other sustainability policies would hurt and slow economic growth and progress. It seems we have now long since established quite the opposite – that strong leadership on sustainability and environmental stewardship is foundational to a stronger and more resilient economy.
TCFD: A framework to communicate and mitigate climate risks
The TCFD recommendations have been backed by over 250 businesses worldwide, representing more than $6.5 trillion in market capitalization.
Investors use disclosures as an insight into their investments over the long-term and to mitigate risk clusters within their portfolios.
Resilience as a business opportunity – A practical approach to improve property preparedness
Presently, nothing is more prevalent in our daily lives than COVID-19. Governments have closed non-essential businesses causing economic hardship and hitting the real estate sector by missed rental payments and increased vacancy.
Why it pays to consider the environment: Joining the dots between climate risk and biodiversity gain
Thankfully the climate emergency and biodiversity crisis have finally entered the collective consciousness. We acknowledge their existence and their fundamental importance. They are the reasons we do what we do as environmental professionals, but we rarely equate them, in either practical terms or in the common ‘sustainability consultancy parlance’, forgetting the crucial point that these two existential risks are not mutually exclusive.
