“Standards help people understand what they're buying and if there are any significant impairments to value. And now we're living in a world where the physical impacts of climate change to commercial real estate is growing, insurance costs are going through the roof, and investors are demanding to know more about the risks in any given portfolio,” said Holly Neber, Chief Resilience Officer with AEI Consultants. Indeed, the commercial real estate industry faces growing risks from extreme weather and natural hazards. In this episode of Sustainability Leaders, Alma Cortés Selva, Senior Advisor with the BMO Climate Institute, discusses with Holly Neber why property resilience standards are important and how they can help mitigate climate impact on real estate.
