Climate Risk Management in the Built Environment
May 26, 2022 | 4:00 PM – 9:00 PM ET
What climate-related risks are present in the built environment, and how do we start to measure and manage them effectively?
Climate change is arguably the most important issue facing the built environment sector today, and one for which building owners and managers must dedicate significant attention. In addition to typical risk management practices, asset managers must now integrate an ever-changing climate risk profile into long-term resilience planning, scoping the anticipated effects of climate change into the resilience planning of their real-property portfolios.
In addition, activities associated with constructing and operating the built environment consume vast amount of resources, energy, and land, and use approximately 50% of global steel production, produce 25-40% of carbon emissions, and constitute 30-40% of solid waste generation. As a result, these activities emit the majority of greenhouse gas emissions globally, and therefore, present an enormous opportunity to impact the climate change mitigation goals being enacted throughout the world.