Lack of Transparency, Standardization Bring Real Estate Climate Risk Assessments into Question

As the 26th United Nations Climate Change Conference of the Parties (COP26) continues this week, real estate industry leaders are paying more attention than ever to sustainability and climate change. Rising temperatures, rising oceans, and increasingly severe weather are putting the built environment at risk.

“This is a multitrillion-dollar problem to solve,” says Billy Grayson, executive vice president of the ULI Center for Sustainability and Economic Performance. “The better we get at forecasting this risk, the better we can price it and mitigate it.”