Acute and chronic physical climate risks affect communities and businesses alike, placing added stress on aging infrastructure, diminishing real estate value and the operability of facilities, and undermining the well-being of community members and employees. Although community and business climate risk and resilience are inextricably linked, public and private sector vulnerability assessments and resilience and adaptation planning tend to occur in isolation. As a result, businesses have a limited perspective on how climate hazards are likely to impact the regional infrastructure that underpins their operations and the local adaptive capacity that mediates these impacts. Communities lack insight into how key economic anchors are evaluating and building resilience to climate risks that affect their facilities and employees, with direct implications for a local jurisdiction’s economy as well as broader regional implications.
Climate risk assessments can provide a basis for understanding shared physical climate risks and identifying opportunities to adapt and build resilience to changing climate conditions. This session explores what types of data and information real asset investors and a corporation are utilizing to assess climate risks and how this data and information is informing decision-making, including the identification of strategic cross-sectoral partnerships to build climate resilience.
- Yoon Kim, Director of Advisory Services, Four Twenty Seven
- Ashley Allen, Climate and Land Senior Manager, Mars
- Margaret Harbaugh, Executive Director, Commercial Real Estate and Investing Research & Strategy
- Brittany Ryan, Sustainability Analyst, Nuveen