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UID:10000068-1753189200-1753192800@nibs.org
SUMMARY:Aligning Resilience Goals in the Built Environment: How Risk Management Processes & Standards Incentivize Resilience
DESCRIPTION:Given the increasing frequency and severity of natural hazards and the dire predictions of climate scientists\, it is imperative to redouble efforts to mitigate climate change and adapt to reduce the catastrophic risks of a worsening climate and sea level rise. Likewise\, it is important to proactively address natural hazards caused by geological processes\, such as earthquakes. \nHowever\, there always are competing priorities within capital and operational budgets for buildings and infrastructure\, making it challenging to appropriately allocate funding to mitigate potential future risks. For investors\, lenders\, insurers\, and property managers\, it is increasingly important to assess climate and natural hazard risks and vulnerabilities\, and to prioritize\, plan\, and implement resilience measures to guard against future losses. \nThis interactive panel session will introduce the emerging practice of climate and natural hazard risk assessment. We will learn about some of the tools and methods currently being used to assess and mitigate vulnerabilities\, while improving the resilience and performance of new and existing buildings. \nPanelists will explore how the standards and information gathered during commercial real estate (CRE) finance and development can drive resilience investment. This will include an introduction to the new ASTM E3429 Standard Guide for Property Resilience Assessment and its application in CRE transactions\, as well as a guide for resilience-focused capital improvement planning. Panelists also will share an overview of new resilience requirements included in frameworks and new voluntary standards\, such as the USGBC’s LEED version 5 rating system\, the application of U.S. Resiliency Council (USRC)\, and the FORTIFIED program standards by IBHS\, all currently being used in CRE finance and development. \n\nLearning Objectives\n\n\n\n\nAssess how hazards are impacting buildings and infrastructure\nUnderstand how regulatory and industry trends are affecting commercial real estate\nReview the primary risk management processes and standards for hazards\nConsider how these processes and standards can be used to reduce risks and create value in commercial real estate
URL:https://nibs.org/event/aligning-resilience-goals-in-the-built-environment-how-risk-management-processes-standards-incentivize-resilience/
LOCATION:Virtual Event
CATEGORIES:Building Innovation Webinar Series,External ORG Event,NIBS Location Event,Webinar
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