INREV IQ Blog Post ‘Opening the ‘black-box’ of EU-level flood risk assessments for real estate portfolios’

Climate change and its associated risks, such as flooding, require assessing potential impacts on property assets to avoid depreciation in value. EU regulations may soon mandate reporting on physical climate risks, emphasizing the need for transparency, openness, and standardization in risk assessments. Addressing the shortcomings of current ‘black-box’ approaches, the fully transparent, free-to-use “Real Estate Asset Climate Testing (REACT) Tool,” which calculates Expected Annual Damage (EAD) for individual assets and portfolios using EU-level open data in a simplified way, is introduced. This tool serves as a screening process for real estate practitioners to assess flood risk in their EU-level portfolios, enabling informed decisions to tackle climate change-induced risks.

For more info also read the newest IQ blog with Thijs Endendijk, the developer of the tool from the Institute for Environmental Studies (IVM) from VU Amsterdam and Lucas Wouters, Responsible Investment specialist at APG, one of the first organisations to actively test REACT.

Read more REACHOUT results and publications here.

 

 

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The climate story of Gdynia​

Short summary: A story about Jan and Maria during extreme precipitation.

Theme: Flooding

End user: Citizens

Link to the climate story