Resilience and Sustainability
Hurricanes damage and disrupt communities, properties, and economies in various ways, whether direct, indirect, or both. Translating these impacts into credit risk and other financial implications can be complex. However, a range of tools and analyses enables lenders, investors, and developers to pre-emptively anticipate hurricane damage when a storm approaches, as well as to adjust long-term strategy to mitigate risks and seize opportunities over time.
On September 30, 2024, green banks, community development financial institutions (CDFIs), nonprofits, tribal organizations, state and local governments, and coalitions nationwide received funding from the Greenhouse Gas Reduction Fund (GGRF), a historic $27 billion investment by the United States federal government to mobilize private capital to combat the climate crisis. As the GGRF is activated, Americans have an array of policies, standards, tools, and data, plus more than a decade of experience, as well as much greater political support for action on climate and social equity issues.
During his keynote address to the 2024 ULI Singapore Annual Conference, more than 300 participants gathered at the Parkroyal Collection Marina Bay to hear Oliver Lim, chairman of StarHub and the Singapore Tourism Board—based upon his 35 years’ experience in real estate, banking, and leadership—how land and real estate shaped Singapore’s path as a nation.
Home to almost 700,000 people, Vancouver is known for its gleaming residential towers, striking natural beauty, and dense development. However, like many progressive urban centers on the west coast, it has also struggled with significant issues that threaten the quality of life for its residents, including persistent homelessness and lack of affordability.
By leveraging multifaceted expertise, teams can develop robust solutions that address multiple challenges with less effort. This approach leads to design interventions that generate co-benefits, strengthening resilience by considering it in every aspect of the project.
Las Vegas, the driest major metropolitan area in the U.S., exemplifies the challenges of urban water management in arid regions, according to Colby Pellegrino, deputy general manager of resources for the Southern Nevada Water Authority (SNWA), the local water provider for the greater Clark County area, which serves about 2.3 million residents and 41 million annual visitors.
Against the iconic backdrop of Hong Kong’s skyline, a room filled with cross-disciplinary real estate experts engaged in a lively display of unprecedented collaboration. Brightly colored sticky notes plastered across the floor-to-ceiling windows mapped out an intricate web of relationships between developers, tech providers, facility managers, investors, utilities, and more. The pioneering systems change workshop was piloted by ULI APAC Greenprint and aimed to address a critical challenge: how to accelerate climate tech implementations that will lead to long-term sustainability.
According to the second annual C Change Survey, 93 percent of respondents report incorporating transition risks into their real estate investment decisions, indicating the industry’s growing awareness and commitment to integrate climate-related financial risks into decision-making processes.
A new report by the Urban Land Institute (ULI) and Heitman, a global real estate investment management firm, explores the impact of rising insurance costs on commercial real estate, strategies for managing those costs, and related considerations for industry participants.
The term “Environmental, Social, and Governance,” or ESG, has been around for two decades, first being coined by the United Nations Global Compact in 2004. However, the rise of the framework has led to increasing political backlash, with some states outright banning ESG in investment decisions.
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