The damage caused by increasingly frequent and intense weather events is a mounting concern for real estate. Part of building a strong business case will involve understanding the risks of disruption to business operations and potential damage to buildings. One of the biggest challenges in assessing climate risk is the wide range of approaches and the lack of consensus on standardization. Some providers are thinking about value at risk in terms of insured value, others are looking at the change in asset value or replacement cost.

On Dec. 5, 2023, at 10am CT/11am ET/4pm GMT, JLL will host a webinar as part of COP28 to discuss findings from the report with an external panel of experts from ULI, Hines and Standard Chartered. To register, click the link here.