Opening the ‘black-box’ of EU-level climate risk assessment for real estate portfolios

We kindly invite you to join our Science Practice Lab on November 4^th 2024 between 14.00-18.00 at AEW in Paris.

Context & objectives

In 2022 alone, climate-related disasters caused over €50 billion of economic damage in Europe. In a changing climate, the intensity and frequency of such climate-related disasters is increasing, which leads to higher climate risk in the absence of adaptation actions. However, these financial risks are structurally being underestimated by the financial sector. Climate-related disasters pose shocks to different parts of the financial sector, including insurance, bond and stock markets, banking, and international financial flows. Within the financial sector, the real estate sector is the most exposed to various types of physical climate risks, as real estate properties typically cannot be moved.

On November 4th, we will organize a final event, hosted in Paris, with the following objectives:

• Raise awareness on the challenges associated with assessing physical climate risks within European real estate portfolios, and broadened hazard & impact awareness.
• Accelerated European dialogue on adaptation, including the insurance perspective.
• Insight into the difficulties faced by professionals in adapting to climate change.
• Verified relevance of our existing research and tools to the realities of the industry.

To register, please click here. For more info on the program please check Science Practice Lab – CAS (climateadaptationservices.com)

This event will be made possible by AEW, OID, and the REACHOUT partners. This event is part of REACHOUT (https://reachout-cities.eu), a European Commission-funded research and innovation project that supports the implementation of the Green Deal.