There’s a clear push in the US towards greening commercial real estate, however this will require a great deal of capital expenditure and cross sector collaboration. In this video Austin Buerosse covers the current state of real estate decarbonization along with recommendations for how financial services institutions can capitalize on the opportunities inherent in the transition.
Though there are challenges on the road to real estate decarbonization, there are many opportunities along with major costs associated with not acting. The biggest opportunity comes from the Inflation Reduction Act or IRA, which offers tax incentives to offset the costs of making buildings more energy efficient.
If you’d like to learn more about how we help our clients successfully navigate climate risk management and net zero strategy, please contact us.
Related Insights
When risks converge, do you know how your financial dominoes will play out?
Addressing the interconnection between risks isn’t just prudent; it's essential for firms to safeguard their financial stability and remain resilient in an increasingly unpredictable world. But how can organisations go about building that all-important view of interconnecting risks and their potential impacts?
Read moreFive ways to maximise return on investment from climate scenario analysis
Conducted effectively, climate change scenario analysis can unlock strategic insights, enhance business’ climate capabilities and meet regulatory requirements.
Read moreWhat are three facets of a credible climate disclosure programme?
With the introduction of new sustainability disclosure standards globally, companies are needing to increase the granularity of analysis and the specificity of their disclosures.
Read moreThe great balancing act for superannuation funds
This article explores five challenges Chief Risk Officers should be aware of as they assist superannuation funds to secure long-term sustainable investments
Read more