Climate Risk: Logistics & Industrial Global Outlook

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RISK CLIMATE LOGISTICS& INDUSTRIAL

GLOBALOUTLOOK

DEEPDIVE – UK PRESENT DAY RISK

The Present: • Flood risk is relatively low, but maximum flood scores are elevated in specific locations such as Derbyshire/Nottinghamshire and Bedfordshire/ Hertfordshire, driven by proximity to river systems traversing these counties. As such, asset-level exposure can differ considerably within the same regional market. • Drought presents a high and chronic risk across all submarkets, with little to no variability. This uniformity suggests widespread exposure across logistics and industrial assets, particularly where water demand is high. • Cold risk is moderate and fairly consistent, with other hazards presenting low average risk levels. The Future: • All hazard scores remain low across submarkets, suggesting minimal climate volatility at a national scale. However, changes in individual hazards highlight evolving risks. • Heat poses the greatest future change across all submarkets. Although the current baseline is low, the rate of increase is highest. • Small increases in hazard scores are projected for both drought and precipitation across submarkets. The data suggests growing chronic exposure to water stress. • Although a moderate decline in cold-related risks is projected, it does not eliminate the need for resilience in the short to medium term.

HIGHEST BUILDING RISK SCORE IN SUBMARKET

AVERAGE SUBMARKET RISK SCORE

LOWEST BUILDING RISK SCORE IN SUBMARKET

100

Beds. and Herts

Derbs. and Notts.

Berks., Bucks, and Oxon

Outer London — W / NW

FLOOD

WIND

HEAT

WILDFIRE

PRECIPITATION

COLD

ALL

CLIMATE RISK: LOGISTICS & INDUSTRIAL GLOBAL OUTLOOK 19

CUSHMAN & WAKEFIELD

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