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.

Some commercial real estate owners face rising costs due to climate risk

Developers and hyperscalers apply myriad solutions to meet climate goals

Given the pressing challenges real estate is facing globally on advancing building decarbonization, ULI is honored to announce that 10 District and National Councils have been selected to participate in the fourth Net Zero Imperative (NZI) Cohort. NZI is a multiyear initiative to accelerate decarbonization in the built environment and is a significant aspect of ULI’s work to advance its net zero mission priority.

When the Inflation Reduction Act (IRA) was signed into law a little more than two years ago, it was celebrated by many who work in the real estate industry as a crucial tool for encouraging and offsetting the cost of green buildings. The tax incentives offer a lot of opportunities for owners and developers to cut expenditures, sometimes significantly, in a time when interest rates and the cost of construction remain high. Navigating the various incentives and programs has broadly proved challenging, however, and experts hope to spark more awareness around the benefits of the IRA and how to move past common obstacles.

Texas Southern University professor and environmental justice advocate to receive ULI Prize for Visionaries in Urban Development.

President Biden’s administration aims to speed up historic building reviews.

Surge: Coastal Resilience and Real Estate, a ULI research report, documents the challenges associated with coastal hazards such as sea level rise, coastal storms, flooding, erosion, and subsidence, and provides best practices for real estate and land use professionals, as well as public officials, to address them.