CBRE Update 06/13/24

CBRE Expands Climate Risk Assessment Capabilities with Climate X Agreement, Enabling Enhanced Actionable Sustainability Insights

CBRE Group, Inc. (NYSE:CBRE) has announced expanded capabilities to provide comprehensive climate risk data for property investors and occupiers to accelerate their sustainability planning, reporting and decision making.

The company has entered into an agreement with Climate X, a risk analysis platform, to enable CBRE’s sustainability specialists to translate climate risk scenarios and hazards into easy-to-understand information that helps clients evaluate locations and pinpoint potential threats from climate risks.

“Companies are operating in a world of increasing climate risks while also trying to advance their efforts to reduce emissions across their portfolios. This challenge will become more daunting as global temperatures continue to rise. We are simplifying complexity for our clients through a transparent, end-to-end approach to climate risk assessments and decarbonization strategies at a global and asset level,” said Rob Bernard, CBRE’s chief sustainability officer.

Climate X’s platform facilitates the calculation of risk from local hazards, such as coastal flooding, drought, extreme heat, landslides, storms and wildfires. It also enables CBRE to help clients to calculate CapEx requirements and return on investment for retrofits and acquisitions that increase adaptation and resilience.

“Climate change is redefining how and where companies operate. With Climate X’s cutting-edge data analytics, CBRE is poised to deliver best-in-class solutions that empower clients to take an ROI-driven approach to mitigate climate impacts across every stage of the asset lifecycle,” said Lukky Ahmed, CEO & Co-Founder at Climate X.

As CBRE seeks to simplify the complexity of sustainability, the company will continue to expand its focus on climate risk and its potential impact on clients’ portfolios locally and globally.

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