Sustainability

How CRE Can Prepare to Meet New York City’s Local Law 97

Moody’s Analytics CRE analyzed the potential financial impact of New York City’s Climate Mobilization Act The resulting research paper draws on New York City data on the types of fines likely to be levied, as well as Moody’s own net operating income data from commercial mortgage–backed securities properties, to estimate fines for property owners who take no mitigating measures to reduce energy usage.

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Pent-Up Demand for ESG Investments Presents Opportunities, Challenges for Real Estate Industry

A new survey by PwC identified an exponential increase in the asset and wealth management industry’s desire for environmental, social, and governance–oriented (ESG) investments: in the United States alone, assets under management are projected to double from $4.5 trillion in 2021 to $10.5 trillion in 2026. At the same time, asset managers report being challenged to create enough new funds to keep up with the demand, giving an edge to real estate firms with strong sustainability programs. 

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Too Little, but Not Yet Too Late: At COP 27, Real Estate Leaders Say Industry Is Making Progress but Must Accelerate

Leaders of the commercial real estate industry attending COP 27, the United Nations climate conference being held this year in Sharm El-Sheikh, Egypt, said a variety of challenges and opportunities lie ahead in the industry’s drive toward sustainability.

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Nature Positive and Net Zero: Four Scales of Action for Ecological Real Estate

Stakeholders across the real estate value chain are increasingly recognizing that the climate crisis and biodiversity loss are deeply interlinked, and one issue cannot be solved without addressing the other. However, solutions are ready and available for real estate to implement today, according to a new report out of ULI’s Greenprint Center for Building Performance: Nature Positive and Net Zero: The Ecology of Real Estate, sponsored by Jacobs.

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Recent Articles

  • Ten Years After Superstorm Sandy, Focus on Climate Change Forecasting Is Mainstream

    November 7, 2022

    The strategy to address climate change’s impact on real estate development and deals went from being a “nice to have” to a “must have,” said sustainability leaders speaking at the 2022 ULI Fall Meeting in Dallas.

  • First Street Foundation Debuts Climate Risk Analysis Tool Informed by ULI Members

    November 4, 2022

    ULI has been establishing dialogue between real estate professionals and climate risk data analytics firms that can help advance the interests of both parties. Enhanced collaboration and understanding between these two sides should continue to improve this evolving space, potentially improving both financial and climate-risk outcomes. As part of these efforts, ULI collaborated with First Street Foundation, a research and technology nonprofit with expertise in assessing physical climate risk at the property level in the United States.

  • Commitment to Health and Equity in the Built Environment

    November 3, 2022

    As built environment professionals, our decisions and actions have significant impacts on the lives of others. In recognition of our responsibility to support conditions that improve the health, environmental quality, economic vitality, and social equity of communities, a subset of ULI members, under the auspices of the ULI Health Leaders Network, has generated a position statement—“Commitment to Health and Equity in the Built Environment”—to affirm health and equity as core values of our work.

  • Preparing Buildings and Cities to Weather Climate Change

    October 28, 2022

    The real estate industry can help communities build the resilience to react to the changing climate, according to a panel of architects speaking at ULI’s Fall Meeting in Dallas. In doing so, they said, the industry can create value.

  • Figuring Out How to Comply with New SEC Climate Disclosure Rule Won’t Be Easy

    October 26, 2022

    Real estate companies face a complex task in learning how to comply with the U.S. Securities and Exchange Commission’s much-anticipated new rule on climate disclosure, which will require them to report their greenhouse gas emissions as well as their financial risks from climate change, panelists said at ULI’s Fall Meeting in Dallas.

  • All Roads Are Pointing to Net Zero: ULI Greenprint Aligns Four More Members to its Net Zero Carbon Operations Goal

    The ULI Greenprint Center for Building Performance announced today that four more of its real estate members have aligned to ULI Greenprint’s net zero carbon operations goal. These real estate leaders join the 30 members who have already adopted this goal to reduce the carbon emissions of their collective portfolio under operational control to net zero by the year 2050. The four members newly committed to net zero emissions are Bridge Industrial, Prologis (by 2030), Shorenstein Realty, and Unico Properties.

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