Climate change has been a big technology issue in commercial real estate for some time now. Whether managing and monitoring energy use, collecting data for reporting to regulators and investors, or watching for climate-related dangers like flooding, many owners and operators have been kept busy understanding what they needed to do.
It's good to be prepared and better to know that, at least for now, things will be better than you might have thought. The second part comes from Fitch Ratings and its latest report, Climate Vulnerability Signals for Non-Financial Corporate Sectors.
CRE currently has a "low climate vulnerability now, though it will rise "modestly" through 2050. This is not made easier, though, as office, retail, and industrial properties face a "disparate" regulatory environment when it comes to low-carbon standards.
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