A Climate Adaptation Strategy anticipates the adverse effects that climate change has on the built environment (i.e. increased flood risk, heat stress, drought and wind damage, etc).
Climate Adaptation Strategy is required to reduce the risk and damage that climatic changes might pose to both property and society.
Understanding climate risks has become increasingly important for investors as the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), June 2017 release, informs us.
Longevity’s role is to identify the climate change risks your asset is facing and advise you on the most appropriate adaptation measures to prevent or minimise the damage they can cause and take advantage of opportunities that may arise such as increased building occupancy and attractiveness.
Why is Climate Adaption Strategy important to the Built Environment?
The increasing physical impacts of climate change, bringing warmer temperatures, increased water scarcity, and more frequent and severe weather events, pose immediate and long-term threats to the property sector. Adaption measures are therefore imperative to protect assets and provide long-term resilience.