The SEC's (Securities and Exchange Commission) proposed rule for an enhanced and standardized climate-related disclosure creates both urgency and opportunities for real estate.
Whether it is owned, leased or invested in, a public entity's real-estate portfolio will likely prove a key component of its environmental footprint, materiality and mitigation strategies.
The SEC's proposal also provides a great opportunity for the real-estate industry to leverage their emissions and risk mitigation plans and drive better performance. Climate-ready real estate assets will likely prove cheaper to operate (e.g., lower energy, maintenance and insurance cost), and more attractive to investors and corporate tenants.
Dear real-estate industry, now is the time, more than ever, to actively engage into assessing your emissions and material climate impacts, developing a plan to mitigate them, and turning these actions into additional value for your business.