Climate Risk in the Real Estate Sector | United Nations

#Climatechange, #Netzero, #Sustainability

As the world faces challenges such as geopolitical tension, supply chain disruption, an energy crisis, and escalating inflation, the overarching crisis of climate change exacerbates these issues. The real estate sector is especially vulnerable, facing physical and transition risks. Assets in this sector are threatened by environmental disasters such as hurricanes, floods, and wildfires, which can severely affect their future value and profitability. This sector, directly and indirectly, contributes to approximately 40% of global greenhouse gas emissions. Consequently, the required steps to decarbonize in order to meet climate goals could pose significant financial implications. Therefore, strategic planning and informed decision-making are crucial to ensure resilience and success in the sector amidst these evolving challenges.

Check the report here: bit.ly/3UtW9Ov