Due to the increased severity and frequency of climate disasters, real estate investors are showing urgent concern for the risks that climate change is posing to their assets, turning their attention to resilience planning for their real estate portfolios as a top priority. Rapid strides are being made within the resilience landscape, with increasing adoption of the Task Force on Climate-related Financial Disclosures (TCFD) standards for financial disclosure in corporate climate reporting, along with the Global Real Estate Sustainability Benchmark (GRESB) Resilience Module, recently updated in 2019 to align with TCFD’s recommendations.
Tackling Challenges in ESG Reporting; Satisfying LP Craving for Real-Time Impact
Chances are you’ve been hearing a lot lately about Environmental, Social and Governance (ESG) reporting requirements. This webinar goes beyond the “why” and explores how ESG can have a material risk on investment performance.
A practical approach to assessing and managing physical climate change risks in global portfolios
Every day it’s impossible to avoid learning about another catastrophic climate event in mainstream media. Extreme weather can destroy properties and valuables, threaten lives and cripple businesses. The Financial Stability Board has deemed climate change a risk to the global financial system and launched the Task Force on Climate-related Financial Disclosures (TCFD) to guide companies on how to disclose climate-related risks, opportunities and financial impacts.
As the effects of climate change on economic activity become more significant, there is increasing demand from investors, trustees and other fiduciaries for consistent, comparable, actionable information in company reports. Investors increasingly expect Boards and Executives to actively assess and respond to climate risks.
Tackling TCFD: Early Lessons in Climate Risk Disclosure
Recognizing the need to better understand and disclose risks associated with climate change, several industry initiatives have started to incorporate climate risk and resilience questions into reporting frameworks. In particular, the Financial Stability Board (FSB) Task Force on Climate-Related Financial Disclosures (TCFD) seeks to stimulate market dialogue and increased transparency on climate-related risks by providing information to investors, lenders, insurers, and other stakeholders.
Putting Your Best Foot Forward with Investors: Reporting CRE ESG Data in Four Steps
We’ve entered a new era of sustainability reporting, one characterized by the need for high quality, context-based, decision useful information. Having clear and concise data helps improve decision making, accelerates the accomplishment of goals and enables transparency across organizations and stakeholders, including investors.
Governments around the world are putting policies in place to curb carbon emissions. Hong Kong is no different. It continues to make strides to protect its world-class status through its sustainable development.
Increasing the Potential for Data Insights in Commercial Real Estate
Many successful decisions are made on insights provided by good data, but the challenge in any industry is defining what “good data” is exactly. GRESB, an investor-driven organization committed to assessing the Environmental, Social, Governance (ESG) performance of real assets globally has taken the initial step to define “high-quality data” with the release of their 2019 Data Quality Standard Assessment. Still in the preliminary phase, this assessment was created with the help of GRESB Governance Bodies and an Industry Technical Working Group. The Technical Working Group consists of industry experts with relevant subject matter expertise, interest in the assessment and time dedicated to fully participate.
Using the Environmental Management System Framework to Approach Data Management
As useful as data can be, it can be equally cumbersome to collect and process. To properly manage data and ensure its highest level of quality, a process should be developed. The ISO 14001 framework for Environmental Management Systems follows a Plan-Do-Check-Act cycle and can also serve as a guide to data management, as outlined below.
