From Vulnerability to Value: A Risk Mitigation Playbook to Drive Resilient Development
The traditional risk management approach for commercial real estate development—relying primarily on policy, building codes, and insurance—is becoming increasingly inadequate.
Introducing the first-of-its kind, climate risk playbook for commercial real estate.
For architects, engineers, owners, contractors, lenders, investors, insurers and climate risk in commercial real estate curious.
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Organizations Involved in Creation
Partners
Steering Committee
Representative organizations
$2.468T
Market Cap Represented in Playbook Design
This initiative was advised by nine organizations with $4.72T Assets Under Management (AUM).
What the playbook offers
Stakeholder Collaboration Across The Full Development Lifecycle.
Designing, developing and maintaining climate resilient infrastructure requires a multi-stakeholder approach for collaboration. The playbook will outline how stakeholders need to be involved and collaborate together by phase of project development.
Understand Risks and Impacts to Commercial Real Estate Development.
Changing and escalating climate risks are creating a different context for risk management for commercial real estate. The playbook will outline the changing risks and their material impacts to value creation for projects.
Assess Risks and Understand Best Practices to Mitigate at the Enterprise and Project Level.
Organizations need to be able to understand, assess and mitigate physical and transition climate risk at both the enterprise and project levels. The playbook will provide a comprehensive review of ways to integrate risk management in the face of a changing climate at all levels and stages of commercial real estate development.
Explore Best Practices.
Whether you’re an owner, investor, lender, insurer, architect, or engineer, the playbook will offer a variety of tangible ways of mitigating the impacts of climate risk through a combination of case studies, culminated experience based on interviews and best-in class literature. Ultimately, utilizing the best practices will result in opportunities for value creation across the lifespan of the project.