Climate risk disclosure at property level significantly influences housing search and buying dynamics Climate change can be considered a large and pervasive threat to property markets across the world. Yet, there is an increasing body of evidence suggesting that individuals are largely unaware of the property risks associated with climate change, like flooding or wildfires.
Q&A webinar: GREEN’s Findings & Investor Expectations for Listed Real Estate GREEN recently hosted a webinar attended by 80 REITs and REITs investors. It focused on last year's findings from engagements with listed real estate companies and provided insights from investor member Wellington Management, about their engagement approach across the real estate space. The Q&A
Building Resilient Homes in the Face of Climate Change: A Paradigm Shift in Adaptation Strategies What is the common perception towards adaptation to climate risks? A drain on capital or a genuine protection? Adaptation comes with its costs, but it also yields significant gains. In this third article of her series on physical climate risks
Sustainable Real Estate through Biodiversity Biodiversity protection is another important aspect in sustainability real estate. Moreover, it relates to climate risk management in a positive way. How does the connection look like and how important is it in the real estate industry? Why should investor pay closer attention to biodiversity? Linde Kattenberg, PhD Candidate at
Webinar: Unlocking Climate Insights: Risk Metrics and Collaborative Engagement in Real Estate GREEN invites you to a webinar that explains how investors assess the environmental performance of real estate companies and demonstrates how GREEN’s investor members engage with REITs to accelerate progress toward the Paris Climate goals. Given that forty percent of global CO2 emissions
The cost of climate risk in U.S. real estate markets: The role of insurers The economic costs of large natural disasters, as measured by the National Oceanic and Atmospheric Administration (NOAA), have grown steadily over recent decades. In the last 10 years, these large disasters cost the U.S. at least $1 trillion in total (see
Webinar Recording: GREEN's Findings and Investor Expectations for Climate Risk Management in Listed Real Estate Recent reports highlight a concerning gap between the real estate sector’s expected progress and the actual progress toward the Paris Agreement goals and climate risk management. At the heart of this matter lie your stakeholders and investors. We are pleased
Rising energy efficiency standards: A worldwide phenomenon A minimum energy label requirement is becoming the standard. What is happening across regions? What is the effect of regulation and how is the market responding? Do building owners financially gain or lose from the costs involved? Linde Kattenberg, PhD Candidate at Finance, School of Business and Economics,
Understanding the Impact of Climate Risk on Real Estate Valuations The increasing frequency and intensity of climate-related events, such as coastal flooding, rising sea levels, wildfires, land subsidence, and heat waves, pose significant risks to real estate markets worldwide. Climate-related events can cause physical damage to properties, and chronic climate risks such as rising sea
Press release: GLOBAL REAL ESTATE’S JOURNEY TO NET ZERO IS MOVING SLOWLY The Global Real Estate Engagement Network (GREEN) 2022 collaborative engagements found real estate companies are decarbonising but not on track to meet Net Zero targets. GREEN’s research, engagements and discussions with the industry in 2022, found just a third of companies are targeting
Focused collaborative engagements can deliver meaningful reductions in the intensity of CO2 emissions What is the impact of investors’ engagement efforts? What makes engagements successful? Do engagements lead to positive cumulative excess returns? Alexander Carlo, Doctoral Candidate at Finance, School of Business and Economics, Maastricht University, elaborates it in this article. The impact of investors’
Are green offices the future? The office remains an important meeting place for employees but faces considerable challenges from an evolving regulatory landscape and changing tenant preferences. Regulators are placing new and expensive demands on office owners to achieve higher energy efficiency standards. Office workers, particularly younger generations, are expressing a greater desire to work
Does the real estate sector understate physical climate risk? Investors need to carefully consider physical climate risk, as assessments of properties may understate climate risks. They need to ask are the current models they use for climate risk evaluation up to date? We might think we are fully aware of the physical risks, but are
Residential energy efficiency investment: what is the ROI? Energy efficiency investment in the residential sector is an important way to reduce the climate impact of buildings. This is the case because a large amount of energy is consumed in the residential sector, e.g., 21% in the US[1] and 27% in the EU[2]. In the light
GREEN wins Outstanding Industry Contribution award at the Investment & Pensions Europe (IPE) Real Estate Global Conference & Awards! We are very proud to announce that the GREEN Global Real Estate Engagement Network has won the Outstanding Industry Contribution award at the Investment & Pensions Europe (IPE) Real Estate Global Conference & Awards! A big
Press release: Large investors join GREEN to speed up climate action in real estate In order to ensure that the real estate industry reaches the Paris Agreement goals on climate change, some of the largest global institutional investors have joined forces by signing up to the Global Real Estate Engagement Network (GREEN). Together these signatories
GREEN: Small-cap REIT survey 2021 At the end of 2021, a survey was conducted for funds out of the top 60 in FTSE Nareit EPRA Index. Through this survey, GREEN aimed to better understand what were the norms of smaller funds in the index in terms of target setting, reporting, disclosing, and deploying sustainability tools.
Zes pensioenfondsen ondersteunen engagementinitiatief in vastgoedsector Artikel van Pension Pro in samenwerking met Vincent van Bijleveld Pensioenfondsen Detailhandel, Schilders, Achmea, Philips, TNO en Nedlloyd sluiten zich aan bij Green, een organisatie die klimaatengagement specifiek richt op genoteerde en niet-genoteerde vastgoedfondsen. Dit maakt Green (Global Real Estate Engagement Network) vandaag bekend. Green is een initiatief van
Press release: Institutional investors join forces in GREEN to accelerate sustainability in real estate Institutional investors, backed by leading sustainable real estate scientists and advisors, have joined forces in the Global Real Estate Engagement Network (GREEN) to accelerate sustainability in the real estate sector and thus reduce their financial and non-financial climate risks. At the
Pension funds team up to push for faster ESG progress in real estate Article by Rachel Fixen, IPE Real Estate, 15 September 2021 A new real estate sustainability engagement network open for institutional investors globally is being created with the backing of six Dutch pension funds. The Global Real Estate Engagement Network (GREEN) will be
