How to Manage Climate Risk

STEP 1 START ASSESSING RISK Assessing risks is easier than you think. Getting the data you need to create a baseline of climate risks is increasingly accessible. Digital analytics tools exist that analyze and visualize robust climate-risk data compiled by leading researchers and experts globally. What to do if you’re acquiring a site: Using one of these digital analytics tools, you can input a street address, and model the physical risk impact of climate change in one dashboard. It means that if you are acquiring a building, you can identify the potential impact of weather events and hazards on multiple timescales, including data on the threat of heat, cold or rain costs to operationalize a change or impact on asset value. What to do if you’re assessing a portfolio: The same applies if you have a single site or a portfolio of a thousand sites, you can input all sites, compare risks, benchmark across locations and identify priority areas of risk.

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